Group 1 - StoneX Group Inc. has partnered with Fiserv, Inc. to enhance its cross-border payments offering for financial institutions, particularly community banks and credit unions [1][3] - The partnership aims to leverage Fiserv's Payments Exchange Services, providing a flexible platform for real-time payments and foreign exchange capabilities [2][4] - This collaboration is part of StoneX's strategic vision to expand its reach and improve cross-border money movement, offering capabilities traditionally available only to larger financial institutions [3][4] Group 2 - The partnership addresses the need for competitive international payment solutions among community banks and credit unions, enabling them to better serve their diverse client base [4] - StoneX's infrastructure is designed to streamline processes and reduce costs associated with legacy systems, enhancing the overall client experience [3] - Fiserv recognizes the importance of foreign exchange and international payments in the product offerings of community banks and credit unions, aiming to elevate their competitive stance [4][5] Group 3 - StoneX Group Inc. operates a global financial services network, serving over 54,000 commercial and institutional clients, and more than 400,000 retail accounts [6] - The company is a Fortune 100 entity, headquartered in New York City, and listed on the Nasdaq Global Select Market [6] - Fiserv, a Fortune 500 company, is a leader in payments and financial technology, committed to innovation and excellence in various financial services [5]

Several analysts raised the price target on Fiserv, Inc. FI following fourth-quarter 2024 results reported on Wednesday.The company reported revenue of $5.25 billion, beating the analyst consensus estimate of $4.96 billion, and adjusted EPS of $2.51, beating the analyst consensus estimate of $2.48. Fiserv expects FY25 organic revenue growth of 10%-12% and adjusted EPS outlook of $10.10-$10.30, representing growth of 15%-17% Y/Y vs. the $10.20 consensus.Stephens analyst Charles Nabhan raised the price foreca ...

Shares of Fiserv (NYSE: FI ) have been a very strong performer over the past year, gaining over 55%, and after delivering solid Q4 results, the stock added 7% to hit a new high. Fiserv has now recovered losses seenOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I ...

February 5, 2025 Forward-Looking Statements and Non-GAAP Financial Measures Fourth Quarter 2024 Financial Results Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated organic revenue growth, adjusted earnings per share, adjusted earnings per share growth, free cash flow, adjusted operating margin expansion, and other statements regarding our future financial perf ...

Shares of Fiserv jumped more than 7% on Wednesday to a record after the payments company reported better-than-expected fourth-quarter earnings and issued guidance that also topped estimates. The stock closed at $229.53, exceeding its previous high reached in November, and is now up about 60% in the past year. Fiserv, which went public in 1986, provides digital payments technology to small businesses and financial institutions. Fiserv reported adjusted earnings of $2.51 in the quarter, exceeding the average ...

In the final three months of the year, Fiserv’s revenue growth continued to be underpinned by its merchant and financial solutions segments — and an embrace by enterprises of Clover, its POS hardware and software flagship offering.Commerce Hub, the company’s payments acceptance platform, has seen significant growth, management said on its Wednesday (Feb. 5) earnings call, as merchants look toward broadening their payments acceptance across channels.CEO Frank Bisignano (who will be leaving to helm the Social ...

Core Insights - Fiserv, Inc. reported mixed results for the fourth quarter of 2024, with earnings exceeding estimates while revenues fell short [1][2]. Financial Performance - Adjusted earnings per share were $2.51, beating the consensus estimate by 1.2% and reflecting a year-over-year increase of 14.6% [2]. - Adjusted revenues totaled $4.9 billion, missing the consensus estimate by 1.1% and showing a slight year-over-year decline [2]. - Processing and services revenues reached $4.3 billion, up 5.8% year-over-year, surpassing the estimate of $4.2 billion [3]. - Product segment revenues were $991 million, an 11.1% increase from the previous year, exceeding the estimate of $961.4 million [3]. - Merchant Acceptance revenues were $2.5 billion, a 10.5% year-over-year increase, beating the estimate of $2.2 billion [4]. - Financial Solutions segment revenues were $2.4 billion, a 3% increase year-over-year, but missed the projection of $2.7 billion [4]. Profitability Metrics - The operating margin for the Merchant Acceptance segment was 39.2%, up 150 basis points year-over-year [5]. - The adjusted operating margin for the Financial Solutions segment was 51.7%, increasing by 330 basis points from the previous year [5]. Balance Sheet & Cash Flow - Fiserv ended Q4 2024 with cash and cash equivalents of $1.2 billion, unchanged from Q3 2024 [6]. - Long-term debt decreased to $23.7 billion from $24.1 billion in the previous quarter [6]. - The company generated $2.2 million in net cash from operating activities and reported free cash flow of $1.9 billion [6]. - Capital expenditure was $399 million, and the company repurchased 6.1 million shares for $1.3 billion during the quarter [6]. Guidance - Fiserv raised its 2024 guidance for adjusted earnings per share to a range of $10.1-$10.3, up from the previous estimate of $8.73-$8.80 [7]. - The updated year-over-year earnings growth guidance is now 15-17%, slightly down from the previous 16-17% [7]. - Organic revenue growth guidance was lowered to 10-12% from the earlier 16-17% [7].

Financial Data and Key Metrics Changes - Fiserv delivered adjusted earnings per share of $8.80, up 17%, driven by strong revenue growth and operating margin expansion [5][40] - Adjusted revenue growth was 7%, with total company organic revenue growth at 16% [5][49] - Free cash flow was $5.2 billion, with $5.5 billion returned to shareholders via share repurchase in 2024 [6][42] Business Line Data and Key Metrics Changes - Merchant Solutions segment saw organic revenue growth of 23% in Q4 and 27% for the full year, with Clover revenue reaching $2.7 billion [51][54] - Financial Solutions segment experienced organic revenue growth of 4% in Q4 and 6% for the full year, with digital payments revenue growing by 5% and Zelle revenue increasing by 28% [61][64] Market Data and Key Metrics Changes - The company added 65% more bank partners in 2024 compared to 2023, approaching one thousand financial institutions as merchant partners [24] - In EMEA, Fiserv signed a strategic agreement with Unikaha in Spain to develop advanced payment solutions [34] Company Strategy and Development Direction - Fiserv is focusing on embedded finance and has secured a partnership with DoorDash to offer banking services through a single app [20][22] - The company aims to integrate its full SMB suite with XD, its digital banking platform, enhancing its offerings for small businesses [10][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve 10% to 12% organic revenue growth in 2025, with a focus on maintaining operational excellence [42][66] - The leadership transition is seen as a positive, with Mike Lyons emphasizing the importance of executing the strategic plan laid out in late 2023 [16][18] Other Important Information - Fiserv has a strong commitment to small businesses, launching a $10 million relief fund to support clients and employees affected by disasters [80] - The company was recognized for its quality of product and service, ranking highly in innovation and long-term investment value [81] Q&A Session Summary Question: What surprised Mike about Fiserv during his diligence? - Mike noted the unparalleled opportunity for cross-selling across platforms and the impressive talent focused on innovation within the company [88][90] Question: What are the building blocks for Clover's sustainable growth? - Frank highlighted the strong demand for integrated solutions and the successful rollout of new products as key drivers for Clover's growth [95][99] Question: Can you discuss the impact of the DoorDash contract on financial solutions? - Bob confirmed that the DoorDash partnership is accelerating their position in embedded finance and will enhance their overall capabilities [105][106] Question: What are the January trends for consumer spending? - Bob indicated that consumer spending remains resilient, benefiting from the company's broad capabilities across various categories [108][109] Question: What is the outlook for the issuing space in Financial Solutions? - Bob attributed the slowdown in issuing to the overall credit environment but expects an uptick with new clients like Target and Verizon coming online [113][114] Question: How is the Walmart partnership evolving? - Frank emphasized the long-standing relationship with Walmart and the ongoing collaboration on various payment initiatives [120][122]

Fiserv (FI) reported $4.9 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 5.7%. EPS of $2.51 for the same period compares to $2.19 a year ago.The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $4.96 billion. With the consensus EPS estimate being $2.48, the EPS surprise was +1.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

Exhibit 99.1 News Release GAAP revenue growth of 7% both in the quarter and for the full year; GAAP EPS increased 13% in the quarter and 8% for the full year; Operating cash flow was $6.63 billion for the full year; Organic revenue growth of 13% in the quarter and 16% for the full year; Adjusted EPS increased 15% in the quarter and 17% for the full year; Free cash flow was $5.23 billion for the full year; Company expects 2025 organic revenue growth of 10% to 12% and adjusted EPS of $10.10 to $10.30, or grow ...