Executive Summary
Fiserv Inc reported strong financial results for Q2 2024, showcasing revenue of $5.107 billion, marking a 7.38% year-over-year increase and a sequential rise of 4.59% from Q1. The company's net income surged 30.89% year-over-year to $894 million, reflecting effective cost management and strategic investments that are paying dividends. Management expressed confidence in sustaining this growth trajectory, driven by robust demand in their payment solutions and fintech services.
Operating income improved by 26.26% year-over-year to $1.428 billion, indicative of operational efficiencies and strong gross profit margins of 61.19%. As Fiserv navigates the challenges of the evolving digital payment landscape, it remains committed to leveraging their extensive technology portfolio to retain competitive advantages and enhance shareholder value.
Key Performance Indicators
Revenue
5.11B
QoQ: 4.59% | YoY:7.38%
Gross Profit
3.13B
61.19% margin
QoQ: 8.58% | YoY:10.54%
Operating Income
1.43B
QoQ: 20.91% | YoY:26.26%
Net Income
894.00M
QoQ: 21.63% | YoY:30.89%
EPS
1.53
QoQ: 23.39% | YoY:37.84%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $5.107 billion (YoY: +7.38%, QoQ: +4.59%)
- **Gross Profit**: $3.125 billion (YoY: +10.54%, QoQ: +8.58%)
- **Operating Income**: $1.428 billion (YoY: +26.26%, QoQ: +20.91%)
- **Net Income**: $894 million (YoY: +30.89%, QoQ: +21.63%)
- **EPS**: $1.53 (YoY: +37.84%, QoQ: +23.39%)