Fiserv(US:FI)2021-02-12 00:19Financial Performance - Q4 2020 - Adjusted Revenue for Q4 2020 was $3620 million, a decrease of 2% compared to $3712 million in Q4 2019[3] - Internal Revenue increased by 1% from $3493 million in Q4 2019 to $3514 million in Q4 2020[3] - Adjusted EPS increased by 16% from $112 in Q4 2019 to $130 in Q4 2020[3] Financial Performance - Full Year 2020 - Adjusted Revenue for 2020 was $13908 million, a decrease of 4% compared to $14445 million in 2019[5] - Internal Revenue remained stable at $13519 million in 2020 compared to $13544 million in 2019[5] - Adjusted EPS increased by 12% from $395 in 2019 to $442 in 2020[5] - Free Cash Flow Conversion was 121% in 2020, compared to 118% in 2019, an increase of 3 percentage points[7] - Adjusted Operating Margin increased by 170 bps from 297% in 2019 to 314% in 2020[7] Segment Performance - Internal Revenue Growth (2020) - Acceptance segment showed 0% internal revenue growth[8] - Fintech segment showed 0% internal revenue growth[8] - Payments segment showed 0% internal revenue growth[8] - Total Company showed 0% internal revenue growth[8] Segment Performance - Adjusted Operating Margin (2020) - Acceptance segment's adjusted operating margin was 254%, a decrease of 200 bps[14] - Fintech segment's adjusted operating margin was 342%, an increase of 410 bps[14] - Payments segment's adjusted operating margin was 433%, an increase of 280 bps[14] - Total Company's adjusted operating margin was 314%, an increase of 170 bps[14] 2021 Performance Outlook - Internal Revenue Growth is projected to be between 8% and 12%[17] - Adjusted EPS is projected to be between $530 and $550, representing a growth of 20% to 24%[17] - Free Cash Flow Conversion is expected to be greater than 108%[17] - Adjusted Operating Margin Expansion is expected to be greater than 250 bps[17]