FISERV INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
FISV$63.32-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In millions, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue: | |||
| Processing and services (1) | $15,630 | $14,460 | $13,307 |
| Product | 3,463 | 3,277 | 2,919 |
| Total revenue | 19,093 | 17,737 | 16,226 |
| Expenses: | |||
| Cost of processing and services | 5,332 | 5,771 | 6,084 |
| Cost of product | 2,338 | 2,221 | 2,044 |
| Selling, general and administrative | 6,576 | 6,059 | 5,810 |
| Net gain on sale of businesses and other assets | (167) | (54) | — |
| Total expenses | 14,079 | 13,997 | 13,938 |
| Operating income | 5,014 | 3,740 | 2,288 |
| Interest expense, net | (976) | (733) | (693) |
| Other (expense) income, net | (140) | (94) | 71 |
| Income before income taxes and (loss) income from investments in unconsolidated affiliates | 3,898 | 2,913 | 1,666 |
| Income tax provision | (754) | (551) | (363) |
| (Loss) income from investments in unconsolidated affiliates | (15) | 220 | 100 |
| Net income | 3,129 | 2,582 | 1,403 |
| Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests | 61 | 52 | 69 |
| Net income attributable to Fiserv, Inc. | $3,068 | $2,530 | $1,334 |
| Net income attributable to Fiserv, Inc. per share: | |||
| Basic | $5.02 | $3.94 | $2.01 |
| Diluted | $4.98 | $3.91 | $1.99 |
| Shares used in computing net income attributable to Fiserv, Inc. per share: | |||
| Basic | 611.7 | 642.3 | 662.6 |
| Diluted | 615.9 | 647.9 | 671.6 |
(1)Includes processing and other fees charged to related party investments accounted for under the equity method of $178 million, $201 million and $203 million for the years ended December 31, 2023, 2022 and 2021, respectively (see Note 19).
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