Acquisitions and Divestitures - The company acquired OrangeData S.A. for 994million,enhancingitsinstantpaymenttransactioncapabilities[20].−Thecompanyaimstodivestbusinessesnotalignedwithitsmarketorfinancialstrategies,indicatingafocusonstrategicacquisitionsanddispositions[19].−ThecompanyacquiredMerchantOnefor302 million, enhancing its merchant distribution and sales force channels[71]. - The acquisition of Finxact, completed on April 1, 2022, was for 645million,enhancingthecompany′sdigitalbankingstrategy[164].−ThecompanyacquiredOrangeDataS.A.foranaggregatepurchasepriceof44 million, enhancing instant payment transaction capabilities[166]. Financial Performance - Total revenue for Q2 2023 was 4,756million,representinga74,450 million in Q2 2022[46]. - Operating income for Q2 2023 was 1,131million,a32860 million in Q2 2022, resulting in an operating margin of 23.8%[46]. - Net income attributable to Fiserv, Inc. was 683million,reflectinga14598 million in Q2 2022[46]. - For the six months ended June 30, 2023, total revenue was 9,303million,an88,588 million in the same period of 2022[48]. - Total revenue for 2023 was 9,303million,anincreaseof715 million or 8% compared to 2022[52]. Revenue Segmentation - Processing and services revenue was 3,924million,accountingfor82.53,696 million in the previous year[46]. - Product revenue reached 832million,whichis17.5754 million in Q2 2022[46]. - Acceptance segment revenue increased by 358millionor10294 million or 10% in the first six months of 2023, supported by growth in debit and credit processing businesses[57]. - Fintech segment revenue decreased by 19millionor22,756 million, down 6% from 2,938millioninthepreviousyear[48].−Interestexpenseincreasedto434 million in the first half of 2023, up 26% from 344millioninthesameperiodof2022[48].−Interestexpenseincreasedby90 million or 26% in the first six months of 2023 due to higher interest rates and new debt issuances[69]. Cash Flow and Capital Management - Operating cash flow for the first six months of 2023 was 2.01billion,anincreaseof111.81 billion in the first six months of 2022[84]. - The company repurchased 2.5billionofcommonstockinthefirstsixmonthsof2023,comparedto1.0 billion in the same period of 2022[87]. - Capital expenditures were approximately 7% of total revenue for the first six months of 2023, down from 8% in the same period of 2022[86]. - The company reported a net income of 784millionforthethreemonthsendedJune30,2023[204].AssetsandLiabilities−Cashandcashequivalentstotaled1.1 billion as of June 30, 2023, with an additional 1.8billionavailableundertherevolvingcreditfacility[82].−Totalcurrentassetsdecreasedto21,444 million as of June 30, 2023, down from 27,544millionattheendof2022[149].−Totalliabilitiesdecreasedto46,722 million as of June 30, 2023, compared to 52,181millionattheendof2022[149].−Thecompany’slong−termdebtincreasedto22,595 million as of June 30, 2023, compared to 20,950millionattheendof2022[149].TaxandIncome−Theeffectiveincometaxrateforthefirstsixmonthsof2023was19.21.10 for Q2 2023, up from 0.92inQ22022,and1.99 for the first six months of 2023, compared to 1.94inthesameperiodof2022[81].−NetincomeforthesixmonthsendedJune30,2023,was1,271 million, a decrease of 1.6% from 1,291millionin2022[153].MarketTrendsandStrategicInitiatives−Theglobalpaymentslandscapeisevolvingwithincreaseddigitalpaymentsande−commerce,drivingcompetitionandtheneedformodernizedtechnologysolutions[26].−Thecompany’sstrategicinitiativesincludeenhancingcustomerexperienceandoperationalefficiencyinresponsetoevolvingmarketdemands[31].−Thecompanyanticipatescontinueddemandforproductsthatenhancecustomerinteractionwithfinancialinstitutions,whichisexpectedtocreaterevenueopportunities[39].ForeignExchangeandRiskManagement−Thecompany’srevenueisprimarilydomestic,butitmonitorsforeignexchangerisksthatcouldimpactearningsduetocurrencyfluctuations[33].−Thecompanyexperiencedforeigncurrencyexchangelossesof50 million for the first six months of 2023, compared to $17 million in the same period of 2022[100].