Fiserv Q1 2025 Results Summary

Fiserv reported first quarter GAAP revenue of $5.13 billion, up 5% year-over-year, with organic revenue growth of 7%. GAAP EPS rose 22% to $1.51, and adjusted EPS grew 14% to $2.14. Adjusted revenue reached $4.79 billion, and adjusted operating margin expanded to 37.8%.

Segment results:
- Merchant Solutions revenue increased 5% to $2.37 billion, with 8% organic growth. Operating margin was 34.2%.
- Financial Solutions revenue rose 6% to $2.42 billion, with a 47.5% operating margin.

Free cash flow for the quarter was $371 million, compared to $454 million last year. The company repurchased 9.7 million shares for $2.2 billion.

Fiserv completed four acquisitions in Q1, including Payfare (Canada), CCV Group (Netherlands), and announced deals for Pinch Payments (Australia) and Money Money (Brazil).

Full-year 2025 outlook remains unchanged:
- Organic revenue growth: 10%–12%
- Adjusted EPS: $10.10–$10.30, up 15%–17%

Management cited continued execution, large client wins, and strategic acquisitions as key drivers of growth.