The global provider of payment and financial services technology, Fiserv posted its financial numbers for the fourth quarter and full year of 2021 today. During Q4 of 2021, Fiserv’s GAAP revenue spiked 11% to $4.26 billion.
The jump was driven by a growth of nearly 18% in the Acceptance segment, 4% in the Fintech segment and almost 9% in the Payment segment. For the full year 2021, Fiserv’s GAAP revenue reached $16.23 billion, which is 9% higher compared to the prior year.
The company posted a jump of 21% in adjusted EPS for the recent quarter. GAAP earnings per share came in at $0.50 for Q4 and $1.99 for the full year of 2021.
“We are pleased with our fourth-quarter results as we delivered another quarter of strong organic revenue and adjusted EPS growth,” said Frank Bisignano, the President and Chief Executive Officer of Fiserv. “For 2021, Fiserv had another successful year of delivering on our growth agenda, attaining the high end of our original organic revenue growth outlook and coming in well above our original adjusted EPS outlook, all while investing in the business to fuel further growth as we innovate to provide value for our clients.”
Earlier this week, Fiserv announced that the company is planning to acquire Finxact, one of the fastest-growing firms in the digital banking ecosystem.
Outlook for 2022
In 2022, the financial services provider is expecting organic revenue growth of 7% to 9%. Moreover, the Nasdaq-listed company is expecting adjusted earnings per share in the range of $6.40 to $6.55.
“We believe our agility and the strength of our assets continue to enhance our position as the operating system for commerce and money movement across our client base of banks, credit unions, fintech and businesses ranging from SMB's to mid-market to large enterprises. We expect this operational strength and balance sheet flexibility to support high single-digit organic revenue growth and double-digit adjusted EPS growth in 2022,” Bisignano added.
