Fiserv Sees 21% YoY Increase in Revenues in Q3 2020

​Fiserv, Inc. (NASDAQ: FISV), a global leader in payments and financial technology, yesterday announced its financial results for the third quarter and the first nine months of 2020.

Third Quarter 2020 GAAP Results

The company reported a 21% increase in revenue with $3.79 billion in the third quater. The numbers increased 79% to $11.02 billion in the first nine months of 2020 on a year-on-year basis.

In terms of earnings per share, the provider reported a figure of $0.39 in Q3 and $0.96 for the Jan-Sep period, which shows an increase of 18% and decrease of 31%, respectively, compared to the prior year periods.

Fiserv’s operating margin was 14.3% (12.0% in 2019) and 12.1%(18.4% in 2019) in Q3 and the first nine months of 2020, respectively. 

Additionally, operating cash flow reached $1.04 billion and $2.96 billion in Q3 and the first nine months of 2020, respectively.

​Frank Bisignano, President and Chief Executive Officer of Fiserv, commented:"The strength of our business has allowed us to deliver outstanding results in uncertain times. We are raising our earnings outlook in anticipation of achieving our 35th consecutive year of double-digit adjusted earnings per share growth while continuing to invest in the future," said Bisignano.