FISV - Fiserv boosts year revenue growth guidance after Q2 revenue earnings beat

Fiserv ( NASDAQ: FISV ) shares are rising 3.9% in Tuesday premarket trading after the payments and financial services technology company boosted its full-year revenue growth guidance and Q2 earnings topped Wall Street expectations.

The Q2 results "put us above the high end of our full-year guidance range for organic revenue growth and at the high end of our adjusted earnings per share range on a year-to-date basis," said President and CEO Frank Bisagno.

The company increased its 2022 organic revenue growth outlook to 9%-11% from its prior range of 7%-9% and reaffirmed its FY2022 adjusted EPS guidance guidance at $6.45-6.55.

Q2 adjusted EPS of $2.96, vs. $1.55 consensus, surged from $1.40 in Q1 2022 and $1.37 in  Q2 2021.

Q2 adjusted revenue of $4.23B, exceeding the $4.06B consensus, increased from $3.91B in the prior quarter and $3.86B in the year-ago quarter.

Fiserv ( FISV ) posted 12% organic revenue growth in Q2 2022, led by 17% growth in its Acceptance segment, 7% growth in Fintech, and 8% growth in Payments.

Q2 adjusted operating income of $1.42B rose from $1.31B in the year-ago quarter, with adjusted operating margin of 33.5% slipping from 33.9% a year earlier.

Processing and services revenue of $3.70B vs. $3.4B in Q1 and $3.36B in the year-ago period.

Total expenses of $3.59B increased from $3.3B in Q1 and from $3.41B in Q2 2021.

Free cash flow was $1.26B for the first half of the year, down from $1.72B in H1 2021.

Conference call at 8:00 AM ET.

Earlier, Fiserv ( FISV ) beats Q2 consensus, raises FY2022 outlook

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