Fiserv Sees A Jump of 10% in Its Adjusted Revenues in Q3 2021

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, reported on Wednesday its financial results for the third quarter of 2021, showing a significant increase in its key metrics.

In Q3 2021, Fiserv’s adjusted revenues increased 10% to $3.96 billion. Adjusted earnings per share (EPS) jumped 23% to $1.47. Additionally, the company’s adjusted operating margin saw a climb of 130 basis points to touch 34.2% in the recent quarter. 

According to Fiserv, it repurchased 3.2 million shares of common stock for $365 million in the third quarter and 13.4 million shares of common stock for $1.57 billion in the first nine months of 2021.

In terms of GAAP revenue, Fiserv revealed that its GAAP revenue increased 10% to $4.16 billion in the third quarter of 2021 compared to the last year period, with 18% growth in the Acceptance segment, 5% growth in the Fintech segment, and 6% growth in the Payments segment. Its GAAP revenue increased 9% to $11.97 billion in the first nine months of 2021 compared to the last year period, with 17% growth in the Acceptance segment, 4% growth in the Fintech segment, and 5% growth in the Payments segment.

Furthermore, Fiserv tightens its full year outlook for internal revenue growth to 11% and improves its adjusted earnings per share outlook to a range of $5.55 to $5.60, representing growth of 26% to 27%, for 2021.

"Given our strong financial results year to date and increased visibility into the fourth quarter, we are tightening our internal revenue growth and adjusted EPS outlook," said Bisignano, President and Chief Executive Officer of Fiserv. "The strength of our assets, our agility and our new product launches continue to accelerate our growth."

Fazzaco has learned that in Q3 2021, Fiserv announced the selection of New Jersey as a location for its expansion.