Fiserv — Jul 23, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000798354-25-000161
Showing in the filing
Amortization expense (acquired intangible assets) change
“decrease approximately 5% compared to the amount incurred in 2024”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 8
Organic revenue growth outlook for FY2025
“approximately 10%”
Adjusted earnings per share outlook for FY2025
“$10.15 to $10.30”
Consecutive years of double-digit adjusted e… for FY2025
“40th consecutive year of double-digit adjusted earnings per share growth”
Anticipated annual effective tax rate for FY2025
“19.5%”
Adjusted revenue for FY2025
“10.0%”
Currency impact for FY2025
“1.0%”
Acquisition adjustments for FY2025
“(1.0)%”
Amortization expense (acquired intangible as… for FY2025
“decrease approximately 5% compared to the amount incurred in 2024”
Exhibit 99.1 · the passage around this item
… earlier in the release
Growth 2025 Revenue 10.0% Postage reimbursements —% 2025 Adjusted revenue 10.0% Currency impact 1.0% Acquisition adjustments (1.0)% Divestiture adjustments —% 2025 Organic revenue ~ 10% Adjusted Earnings Per Share - The company’s adjusted earnings per share outlook for 2025 excludes certain non-cash or other items such as non-cash intangible asset amortization expense associated with acquisitions; non-cash impairment charges; merger and integration costs; severance costs; gains or losses from the sale of businesses, certain assets and investments; and certain discrete tax benefits and expenses. The company estimates that amortization expense in 2025 with respect to acquired intangible assets will decrease approximately 5% compared to the amount incurred in 2024. Other adjustments to the company’s financial measures that were incurred in 2024 and for the three and six months ended June 30, 2025 are presented in this news release; however, they are not necessarily indicative of adjustments that may be incurred throughout the remainder of 2025 or beyond. Estimates of these impacts and adjustments on a forward-looking basis are not available due to the variability, complexity and limited visibility of these items. 14 News Release Fiserv, Inc. Full Year Forward-Looking Non-GAAP Financial Measures (cont.) The company’s adjusted earnings per share growth outlook for 2025 is based on 2024 adjusted earnings per share performance. 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.