FISERV INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Processing and services (1) | $16,637 | $15,630 | $14,460 |
| Product | 3,819 | 3,463 | 3,277 |
| Total revenue | 20,456 | 19,093 | 17,737 |
| Expenses: | |||
| Cost of processing and services | 5,363 | 5,332 | 5,771 |
| Cost of product | 2,650 | 2,338 | 2,221 |
| Selling, general and administrative | 6,564 | 6,576 | 6,059 |
| Net gain on sale of businesses and other assets | — | (167) | (54) |
| Total expenses | 14,577 | 14,079 | 13,997 |
| Operating income | 5,879 | 5,014 | 3,740 |
| Interest expense, net | (1,195) | (976) | (733) |
| Other expense, net | (178) | (140) | (94) |
| Income before income taxes and (loss) income from investments in unconsolidated affiliates | 4,506 | 3,898 | 2,913 |
| Income tax provision | (641) | (754) | (551) |
| (Loss) income from investments in unconsolidated affiliates | (685) | (15) | 220 |
| Net income | 3,180 | 3,129 | 2,582 |
| Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests | 49 | 61 | 52 |
| Net income attributable to Fiserv, Inc. | $3,131 | $3,068 | $2,530 |
| Net income attributable to Fiserv, Inc. per share: | |||
| Basic | $5.41 | $5.02 | $3.94 |
| Diluted | $5.38 | $4.98 | $3.91 |
| Shares used in computing net income attributable to Fiserv, Inc. per share: | |||
| Basic | 578.7 | 611.7 | 642.3 |
| Diluted | 582.1 | 615.9 | 647.9 |
(1)Includes processing and other fees charged to related party investments accounted for under the equity method of $137 million, $178 million and $201 million for the years ended December 31, 2024, 2023 and 2022, respectively (see Note 19).
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