Financial Performance - GAAP revenue increased 1% to $5.26 billion in Q3 2025, with Merchant Solutions segment growing by 5% and Financial Solutions segment declining by 3%[2] - GAAP EPS rose by 49% to $1.46 in Q3 2025, and increased by 29% to $4.83 for the first nine months of 2025[2] - Organic revenue growth was 1% in Q3 2025, with 5% growth in Merchant Solutions and a 3% decline in Financial Solutions[7] - Adjusted EPS decreased by 11% to $2.04 in Q3 2025, but increased by 6% to $6.65 for the first nine months of 2025[7] - Total revenue for Q3 2025 was $5,263 million, a 0.9% increase from $5,215 million in Q3 2024[27] - Adjusted revenue for Q3 2025 was $4,919 million, compared to $4,884 million in Q3 2024, reflecting a growth of 0.7%[38] - Net income attributable to Fiserv for Q3 2025 was $792 million, up 40.4% from $564 million in Q3 2024[31] - GAAP earnings per share attributable to Fiserv for Q3 2025 was $1.46, a 49% increase from $0.98 in Q3 2024[31] - Operating income for Q3 2025 was $1,436 million, down 10.4% from $1,602 million in Q3 2024[27] - Adjusted operating income for Q3 2025 was $1,822 million, compared to $1,962 million in Q3 2024, a decrease of 7.1%[38] - The operating margin for Q3 2025 was 27.3%, down from 30.7% in Q3 2024[38] - The company reported a total of $1,105 million in adjusted net income for Q3 2025, compared to $1,325 million in Q3 2024, a decline of 16.6%[31] - Net income for the nine months ended September 30, 2025, was $2,677 million, an increase from $2,232 million in 2024, representing a growth of 20%[44] - Adjusted revenue for the three months ended September 30, 2025, was $4,919 million, compared to $4,884 million in 2024, reflecting a growth of 1%[49] - Organic revenue for the nine months ended September 30, 2025, was $14,958 million, a 5% increase from $14,208 million in 2024[49] Cash Flow and Investments - Free cash flow was $2.88 billion in the first nine months of 2025, down from $3.34 billion in the prior year[7] - The company reported a net cash used in investing activities of $1,897 million for the nine months ended September 30, 2025, compared to $1,740 million in 2024, indicating an increase of 9%[44] - Free cash flow for the nine months ended September 30, 2025, was $2,879 million, down from $3,344 million in 2024, indicating a decrease of 14%[52] - Cash and cash equivalents at the end of September 30, 2025, were $2,765 million, down from $3,473 million at the end of 2024, a decrease of 20.3%[44] Shareholder Actions - The company repurchased 7.2 million shares for $1.0 billion in Q3 2025 and 29.1 million shares for $5.4 billion in the first nine months of 2025[7] Debt and Assets - Long-term debt increased to $28,876 million as of September 30, 2025, compared to $23,730 million at the end of 2024, marking a rise of 21.7%[47] - Total assets as of September 30, 2025, were $79,370 million, up from $77,176 million at the end of 2024, showing an increase of 2.8%[47] Future Projections - The company expects organic revenue growth of 3.5% to 4% and adjusted EPS of $8.50 to $8.60 for 2025[9] - The company projects organic revenue growth for 2025 to be between 3.5% and 4%[57] - The estimated amortization expense for acquired intangible assets in 2025 is expected to decrease by approximately 5% compared to 2024[57] Acquisitions and Recognition - In September 2025, Fiserv acquired CardFree, Inc. and Smith Consulting Group, LLC, and entered into an agreement to acquire StoneCastle Cash Management[8] - Fiserv was named the 1 global financial technology provider in the 2025 IDC FinTech Top 100 Rankings for the third consecutive year[12]
Fiserv(FISV) - 2025 Q3 - Quarterly Results