Fiserv, Inc. reported its financial results for the fourth quarter and full year of 2024. The company achieved a 7% increase in GAAP revenue for both Q4 and the full year, reaching $5.25 billion in the fourth quarter and $20.46 billion for the year. This growth was driven by 11% growth in the Merchant Solutions segment and 3% growth in the Financial Solutions segment. GAAP earnings per share (EPS) increased by 13% to $1.64 for Q4 and by 8% to $5.38 for the full year, despite non-cash impairment and pension settlement charges. Operating margins improved for both segments, with the Merchant Solutions segment reaching 39.2% in Q4 and 37.0% for the year.

The company also reported strong non-GAAP results, with adjusted revenue growing 7% for both the fourth quarter and the full year, totaling $4.90 billion and $19.12 billion, respectively. Organic revenue growth was 13% for Q4 and 16% for the full year, driven by significant growth in the Merchant Solutions segment. Adjusted EPS grew by 15% to $2.51 in Q4 and by 17% to $8.80 for the full year. Fiserv repurchased 6.1 million shares for $1.3 billion in Q4 and 33.9 million shares for $5.5 billion in 2024. For 2025, Fiserv expects organic revenue growth of 10% to 12% and adjusted EPS growth of 15% to 17%, reflecting continued success in its Merchant and Financial Solutions initiatives.