Fiserv Registers 9% YoY Rise in Revenue for Q3 2022

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today reported financial results for the third quarter of 2022.

Third Quarter 2022 GAAP Results

GAAP revenue for the company increased 9% to $4.52 billion in the third quarter of 2022 compared to the prior year period, with 9% growth in the Acceptance segment, 1% growth in the Fintech segment and 10% growth in the Payments segment. GAAP revenue for the company increased 9% to $13.11 billion in the first nine months of 2022 compared to the prior year period, with 14% growth in the Acceptance segment, 4% growth in the Fintech segment and 7% growth in the Payments segment.

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GAAP earnings per share was $0.75 in the third quarter and $2.68 in the first nine months of 2022, an increase of 17% and 80%, respectively, compared to the prior year periods. The first nine months of 2021 included higher merger and integration costs and certain discrete tax expenses. GAAP operating margin was 18.9% and 19.5% in the third quarter and first nine months of 2022, respectively, compared to 15.3% and 14.7% in the third quarter and first nine months of 2021, respectively. Net cash provided by operating activities was $2.99 billion in the first nine months of 2022 compared to $2.69 billion in the prior year period.

"We are pleased with our third quarter performance with organic revenue growth at the high-end of the full year outlook, and notable strength in the payments segment of our portfolio," said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. "We credit the strength of our client franchise, industry-leading products and geographic reach for these continued outstanding results."