Fiserv’s Adjusted Revenues Jump 10% in Q3 2021

Nasdaq-listed global provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and financial services technology solutions, Fiserv announced its financial numbers for Q3 of 2021 today. The company saw a jump of nearly 10% in its adjusted revenue. Other metrics including internal revenue growth and adjusted earnings per share also increased substantially.

In the recent quarter, Fiserv’s adjusted revenues touched $3.96 billion. Adjusted earnings per share (EPS) spiked 23% to $1.47 during the mentioned period. The company’s adjusted operating margin climbed 130 basis points to 34.2% in Q3 of 2021.

During the last three months, Fiserv repurchased nearly 3.2 million shares of common stock for $365 million. For the first nine months of 2021, the financial services technology solutions provider repurchased a total of 13.4 million shares of common stock for $1.57 billion.

“GAAP revenue for the company increased 10% to $4.16 billion in the third quarter of 2021 compared to the [period] last year, with 18% growth in the Acceptance segment, 5% growth in the Fintech segment, and 6% growth in the Payments segment. GAAP revenue for the company increased 9% to $11.97 billion in the first nine months of 2021 compared to the [period] last year, with 17% growth in the Acceptance segment, 4% growth in the Fintech segment, and 5% growth in the Payments segment,” Fiserv mentioned.

In Q3 of 2021, Fiserv announced the selection of New Jersey as a location for its expansion.

Outlook

In the recent announcement, Fiserv increased its EPS outlook to a range of $5.55 to $5.60. In contrast, the company tightened its full-year outlook for internal revenue growth to 11%. "We posted another strong quarter of double-digit adjusted revenue and adjusted EPS growth as we continue to invest in organic and inorganic growth and demonstrate unmatched Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term," said Frank Bisignano, President and Chief Executive Officer of Fiserv.

"Given our strong financial results year to date and increased visibility in the fourth quarter, we are tightening our internal revenue growth and adjusted EPS outlook," Bisignano added.

In June 2021, Deutsche Bank partnered with Fiserv for a joint venture to facilitate payment acceptance in Germany.