Can we take a look at a one year of Furf, please. There's a stock today. It's down 17%.They cut their sales guidance. Let's look at the 52- week chart because the stock hit a new 52- week low. Jenny owns it.Jenny's buying more. Why. >> Right.So, this is a stock that we originally bought 12 years ago in 2013. We paid $25 a share for it. We're up 400 plus%.We actually, and this is really critical to why we added more today, we actually trimmed this in February when the stock was trading at $230 a share. And t ...

But some initiatives are taking “longer then planned,” according to management commentary on the call.Fiserv’s management said Wednesday (July 23) that its flagship point of sale offering, Clover, is still on track to hit $3.5 billion in annual sales this year.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this ...

Core Insights - TD Bank Group's TD Merchant Solutions has entered into a multi-year strategic managed services program agreement with Fiserv, which will utilize Fiserv's payment and financial technology, including the Clover point-of-sale system, for its merchant business in Canada [1][2]. Group 1: Partnership Details - Fiserv will acquire a portion of TD's merchant processing business in Canada, which includes migrating 3,400 TD merchant relationships across 30,000 merchant locations to Fiserv's processing system and Clover [3]. - The transaction is expected to close later this year, pending customary closing conditions [3]. Group 2: Strategic Benefits - The partnership aims to expand Clover's reach in Canada, enhancing the value delivered to clients through the integration of Clover's innovative merchant product offerings with TD's business banking solutions [4][5]. - This collaboration is designed to help small businesses address challenges such as rising costs and labor shortages, while also improving customer retention [6]. Group 3: Company Background - TD Bank Group is recognized as the sixth largest bank in North America by assets [5]. - Fiserv has been actively enhancing its merchant services, including a recent acquisition aimed at strengthening its footprint in Ireland and Europe [7][8].

While shares of Fiserv, Inc. (NYSE: FI ) came into Q2 earnings flat over the past year, it has been a wild ride. Shares surged as its Clover business generated strong growth, but the stock is down over 25% from itsOver 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/ ...

Core Insights - Fiserv, Inc. reported mixed second-quarter 2025 results with earnings exceeding estimates while revenues fell short [1][10] - Adjusted earnings per share were $2.47, beating the consensus by 2.5% and reflecting a 16% year-over-year increase [1][10] - Adjusted revenues reached $5.2 billion, slightly missing estimates but showing a 1.7% year-over-year growth [1][10] Financial Performance - Processing and services revenues were $4.3 billion, a 4% year-over-year increase but below the estimated $4.5 billion [3] - Product segment revenues were $1.2 billion, up 25.3% year-over-year, surpassing the anticipated $1.1 billion [3] - Merchant Solutions revenues totaled $2.6 billion, a 9.7% increase year-over-year, but missed the estimate of $2.8 billion [4] - Financial Solutions segment reported revenues of $2.6 billion, a 7.2% increase year-over-year, exceeding the estimate of $2.5 billion [4] - Operating margin for Merchant Solutions was 34.6%, down 200 basis points year-over-year, while Financial Solutions' margin increased to 48.7%, up 280 basis points [5] Balance Sheet & Cash Flow - Fiserv ended Q2 with cash and cash equivalents of $999 million, down from $1.2 billion in Q1 2025 [6] - Long-term debt increased to $28.1 billion from $27 billion in Q1 2025 [6] - The company generated $1.7 billion in net cash from operating activities and reported free cash flow of $1.2 billion [6] - Capital expenditure was $479 million, and the company repurchased 12.2 million shares for $2.2 billion during the quarter [6] Guidance - Fiserv updated its adjusted earnings per share guidance to a range of $10.15-$10.3, with the midpoint of $10.23 aligning with the Zacks Consensus Estimate [7] - The company anticipates year-over-year earnings growth of 15-17% and revised organic revenue growth outlook to approximately 10% from the previous 10-12% [7] Stock Performance - Fiserv's stock has gained 3% over the past year, underperforming the industry and the Zacks S&P 500 composite, which rose 29.3% and 16.5%, respectively [2]

Core Insights - Fiserv reported $5.2 billion in revenue for Q2 2025, an 8.4% year-over-year increase, with an EPS of $2.47 compared to $2.13 a year ago, indicating positive growth in earnings [1] - The revenue was slightly below the Zacks Consensus Estimate by -0.03%, while the EPS exceeded the consensus estimate by +2.49% [1] Revenue Breakdown - Merchant Solutions generated $2.64 billion, slightly below the average estimate of $2.69 billion [4] - Financial Solutions revenue was $2.55 billion, surpassing the average estimate of $2.52 billion [4] - Product revenue reached $1.21 billion, exceeding the estimated $1.06 billion, reflecting a significant year-over-year increase of +25.3% [4] - Corporate and Other revenue was $320 million, below the average estimate of $336 million [4] - Processing and services revenue totaled $4.3 billion, compared to the average estimate of $4.45 billion, marking a +4% year-over-year change [4] Operating Income Analysis - Corporate and Other operating income was reported at -$462 million, better than the average estimate of -$512.86 million [4] - Financial Solutions operating income was $1.24 billion, slightly below the average estimate of $1.27 billion [4] - Merchant Solutions operating income was $914 million, compared to the average estimate of $991.11 million [4] Stock Performance - Fiserv's shares have returned -3.9% over the past month, contrasting with the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Fiserv (FI) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.49%. A quarter ago, it was expected that this financial services technology company would post earnings of $2.08 per share when it actually produced earnings of $2.14, delivering a surprise of +2.88%.Over the last four qua ...

Financial Data and Key Metrics Changes - The company achieved 8% adjusted and organic revenue growth and 16% adjusted EPS growth in Q2 [5][34] - Adjusted revenue for Q2 reached $5.2 billion, with adjusted operating income growing 12% to $2.1 billion, resulting in an adjusted operating margin of 39.6% [33][34] - Free cash flow for the quarter was $1.2 billion, with expectations of approximately $5.5 billion for the full year [34][44] Business Line Data and Key Metrics Changes - In the Merchant Solutions segment, organic revenue growth was 9% in Q2, with adjusted revenue growth of 10% [35][36] - Clover revenue grew 30% in Q2, with reported payment volume growth of 8% and 11% excluding gateway conversion [11][36] - The Financial Solutions segment saw organic revenue growth of 7% in Q2, driven by strong growth in issuing and digital payments [39][40] Market Data and Key Metrics Changes - The company refined its full-year organic revenue growth guidance to approximately 10%, reflecting a slower ramp-up of product launches and economic conditions [8][45] - The company expects to return approximately 130% of free cash flow to shareholders through share repurchases, up from the previous expectation of 110% [44][45] Company Strategy and Development Direction - The company is focused on expanding its Clover platform through new products, markets, and partnerships, including a significant agreement with TD Bank Canada [14][19] - Strategic initiatives include enhancing distribution channels and advancing e-commerce capabilities within the Commerce Hub platform [21][38] - The company aims to capture significant shareholder value by providing mission-critical software and value-added solutions across various markets [8][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing the full strategic and financial benefits of their initiatives, despite some delays in product launches [8][60] - The macroeconomic environment has been uncertain, impacting the timing of product rollouts and client activity [7][78] - Management remains optimistic about the company's positioning and growth opportunities in the coming years [30][78] Other Important Information - The company repurchased 12 million shares for $2.2 billion in Q2, bringing total cash returned to shareholders over the last twelve months to nearly $6.9 billion [44] - The adjusted effective tax rate for the quarter was 18.9% to 18.5%, with expectations of approximately 19.5% for the full year [43][44] Q&A Session Summary Question: Insights on Clover Capital penetration and growth strategies - Management acknowledged low penetration levels compared to peers and discussed ongoing efforts to enhance access to capital for merchants through operational refinements [49][52] Question: Changes in merchant growth rates and margin expectations - Management clarified that the refinement in growth expectations was due to a better understanding of strategic initiatives and their rollout timing, with confidence in achieving the revised targets [57][60] Question: Details on merchant operating margins and future cadence - Management explained that the decline in merchant margins was anticipated due to acquisitions and investments in marketing and product development, with expectations for future improvements as integrations progress [85][88]

Financial Data and Key Metrics Changes - For Q2 2025, the company achieved 8% adjusted and organic revenue growth and 16% adjusted EPS growth, with an adjusted operating margin of 39.6%, an increase of 120 basis points year-over-year [5][33] - Free cash flow for the quarter was $1,200,000,000, with expectations of approximately $5,500,000,000 for the full year [34][35] - The company refined its full-year organic revenue growth guidance to approximately 10%, at the low end of the previous range of 10% to 12% [7][46] Business Line Data and Key Metrics Changes - In the Merchant Solutions segment, organic revenue growth was 9% for both the quarter and year-to-date, with Clover revenue growing 30% in Q2 [35][39] - The Financial Solutions segment saw organic revenue growth of 7% in the quarter, driven by strong growth in issuing and digital payments [40][42] - Clover's volume growth was reported at 8%, with an adjusted growth of 11% excluding the gateway conversion [10][36] Market Data and Key Metrics Changes - The company reported a significant increase in Clover's value-added services (VAS) revenue, which grew 52% [11] - The international expansion of Clover is progressing well, particularly in Brazil, Mexico, and Canada, with new partnerships enhancing market penetration [12][13] Company Strategy and Development Direction - The company is focused on expanding its Clover platform through new products, markets, and partnerships, aiming to enhance its distribution channels and drive growth [9][20] - Strategic initiatives include the launch of Clover Hospitality and partnerships with TD Bank and Adobe to enhance service offerings [14][21] - The company is also investing in its digital payment solutions and cash flow management tools to meet evolving customer needs [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing strategic and financial benefits from new product launches, despite some delays in execution [6][7] - The macroeconomic environment has been uncertain, impacting the timing of product rollouts and client implementations [78][79] - The company anticipates an acceleration in organic revenue growth in the second half of the year, particularly in the Merchant Solutions segment [46] Other Important Information - The company returned $2,200,000,000 to shareholders through share repurchases in the quarter, increasing its share repurchase guidance to approximately 130% of free cash flow [5][44] - Total debt outstanding was $29,600,000,000, with a debt to adjusted EBITDA ratio steady at 2.9 times [43][44] Q&A Session Summary Question: Insights on Clover Capital penetration - Management acknowledged that Clover Capital is underpenetrated compared to peers and discussed ongoing efforts to unlock total addressable market (TAM) through operational refinements and risk management strategies [49][52] Question: Changes in merchant growth rate expectations - Management clarified that the refinement in growth expectations is due to a combination of slower product rollouts and macroeconomic factors, not a decline in product quality [58][60] Question: Details on merchant operating margins - Management explained that the decline in merchant margins was anticipated due to acquisitions and investments in marketing and product development, which are expected to yield long-term benefits [85][88] Question: Acceleration in growth rates for the second half - Management indicated that the expected acceleration in growth rates is supported by easier year-over-year comparisons and continued expansion of Clover and Commerce Hub [91][94]

Second Quarter 2025 Financial Results July 23, 2025 This presentation includes unaudited non-GAAP financial measures. Additional information about these measures, reconciliations to the nearest GAAP financial measures and additional information about the basis of the presentation of our second quarter financial results are provided in the appendix to this presentation. © 2025 Fiserv, Inc. or its affiliates Second Quarter Highlights See Appendix for information regarding non-GAAP financial measures. All comp ...