FISV - Fiserv catches a bid as Q4 results reflect resilience in tough environment

Fiserv ( NASDAQ: FISV ) stock advanced as much as 3.3% in Tuesday premarket trading after the financial services technology company turned in Q4 earnings and revenue, each climbing Q/Q and Y/Y, despite a challenging environment for merchants across the board.

For 2023, it expects organic revenue growth of 7% to 9%. Full-year adjusted EPS is expected to be $7.25-$7.40, representing growth of 12% to 14%, compared with the $7.28 average analyst estimate.

Q4 adjusted EPS of $1.91, matching the consensus, rose from $1.63 in Q3 and from $1.57 in the year-ago quarter. Revenue of $4.63B, exceeding the $4.35B consensus, accelerated from $4.52B in the prior quarter and from $4.26B a year earlier.

It posted 12% organic revenue growth during the quarter, driven by 16% growth in the Acceptance segment, 8% growth in the Fintech segment and 10% growth in the Payments segment.

Adjusted operating income was $1.71B, up from $1.51B in Q3 and from $1.43B in Q4 2021. Adjusted operating margin came in at 39.2% vs. 35.2% in Q3 and 35.6% in Q4 2021.

Expenses totaled $3.45B compared with $3.66B in Q3 and $3.72B in the year-earlier period.

Earlier, Fiserv Non-GAAP EPS of $1.91 in-line, revenue of $4.36B beats by $10M .

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