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Fiserv — Apr 24, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000798354-25-000102
Open on SEC.gov ↗
Showing in the filing
Adjusted earnings per share outlook
“$10.10 - $10.30”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 7
Organic revenue growth outlook for FY2025
“10% to 12%”
Postage reimbursements for FY2025
“(0.5)%”
Adjusted revenue for FY2025
“9.5% - 11.5%”
Currency impact for FY2025
“1.5%”
Acquisition adjustments for FY2025
“(1.0)%”
Amortization expense with respect to acquire… for FY2025
“decrease approximately 5% compared to the amount incurred in 2024”
Adjusted earnings per share outlook for FY2025
“$10.10 - $10.30”
Exhibit 99.1 · the passage around this item
… earlier in the release
2024 GAAP net income attributable to Fiserv $ 3,131  Adjustments: Merger and integration costs 1 81  Severance costs 157  Amortization of acquisition-related intangible assets 2 1,420  Non wholly-owned entity activities 3 100  Impairment of equity method investments 4 635  Non-cash settlement charge for terminated pension plans 5 147  Tax impact of adjustments 6 (548) 2024 adjusted net income $ 5,123  Weighted average common shares outstanding - diluted 582.1  2024 GAAP earnings per share attributable to Fiserv - diluted $ 5.38  Adjustments - net of income taxes: Merger and integration costs 1 0.11  Severance costs 0.22  Amortization of acquisition-related intangible assets 2 1.95  Non wholly-owned entity activities 3 0.14  Impairment of equity method investments 4 0.85  Non-cash settlement charge for terminated pension plans 5 0.16  2024 adjusted earnings per share $ 8.80  2025 adjusted earnings per share outlook $10.10 - $10.30 2025 adjusted earnings per share growth outlook 15% - 17% In millions, except per share amounts, unaudited. Earnings per share is calculated using actual, unrounded amounts. See pages 3-4 for disclosures related to the use of non-GAAP financial measures. 14 News Release Fiserv, Inc. Full Year Forward-Looking Non-GAAP Financial Measures (cont.) 1 Represents acquisition and related integration costs incurred in connection with acquisitions. Merger and integration costs associated with integration activities primarily include $23 million of third-party professional service fees, $22 million of share-based compensation, and $14 million related to a legal settlement. 2 Represents amortization of intangible assets acquired through acquisition, including customer relationships, software/technology and trade names. This adjustment does not exclude the amortization of other intangible assets such as contract costs (sales commissions and deferred conversion costs), capitalized and purchased software, financing costs and debt discounts. 3 Represents the company’s share of amortization of acquisition-related intangible assets at its unconsolidated affiliates, as well as the minority interest
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.