Fiserv Q1 2024 10-Q Filed
Ticker: FISV · Form: 10-Q · Filed: 2024-04-24T00:00:00.000Z
Sentiment: neutral
Topics: quarterly-report, financials, debt
Related Tickers: FISV
TL;DR
**FISERV Q1 2024 10-Q FILED: Revenue & Debt Details Released**
AI Summary
Fiserv Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance for the first quarter of 2024, comparing it to the same period in 2023. Key financial segments like Processing and Services, and Product revenue are presented, alongside information on various senior notes due in 2025, 2027, 2030, and 2031.
Why It Matters
This filing provides investors with the latest financial performance data for Fiserv, Inc., crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2024 Q1 — Reporting Period (First quarter of 2024)
- 2023-01-01 to 2023-03-31 — Prior Year Period (Comparison period for Q1 2024)
- 2024-01-01 to 2024-03-31 — Current Year Period (Reporting period for Q1 2024)
Key Players & Entities
- FISERV INC (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240424 (date) — Filing Date
- 600 N. VEL R. PHILLIPS AVENUE (address) — Business and Mail Address
- MILWAUKEE (city) — Business and Mail City
- WI (state) — Business and Mail State
- 53203 (zip_code) — Business and Mail Zip Code
- 4148795000 (phone_number) — Business Phone Number
- Senior Notes Due 2027 (debt) — Debt Instrument
- Senior Notes Due 2030 (debt) — Debt Instrument
FAQ
What was Fiserv's revenue for the Processing and Services segment in Q1 2024?
The filing indicates revenue for the Processing and Services segment for the period January 1, 2024 to March 31, 2024, but the specific dollar amount is not provided in this header snippet.
How does Fiserv's Q1 2024 Product revenue compare to Q1 2023?
The filing lists Product revenue for both the period January 1, 2024 to March 31, 2024, and January 1, 2023 to March 31, 2023, but the specific dollar amounts are not detailed in this header.
What is the maturity date of the Senior Notes mentioned in the filing?
The filing mentions Senior Notes due in 2025, 2027, 2030, and 2031.
What is the filing date of this 10-Q report?
The 10-Q report was filed on April 24, 2024.
What is the fiscal year end for Fiserv Inc.?
Fiserv Inc.'s fiscal year ends on December 31.
From the Filing
0000798354-24-000100.txt : 20240424 0000798354-24-000100.hdr.sgml : 20240424 20240424071920 ACCESSION NUMBER: 0000798354-24-000100 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 95 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FISERV INC CENTRAL INDEX KEY: 0000798354 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 391506125 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38962 FILM NUMBER: 24866714 BUSINESS ADDRESS: STREET 1: 600 N. VEL R. PHILLIPS AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53203 BUSINESS PHONE: 4148795000 MAIL ADDRESS: STREET 1: 600 N. VEL R. PHILLIPS AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53203 10-Q 1 fisv-20240331.htm 10-Q fisv-20240331 FALSE 2024 Q1 0000798354 12/31 P9M P1Y P1Y P1Y 0000798354 2024-01-01 2024-03-31 0000798354 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000798354 fisv:SeniorNotesDue2027Member 2024-01-01 2024-03-31 0000798354 fisv:SeniorNotesDue2030Member 2024-01-01 2024-03-31 0000798354 fisv:SeniorNotesDue2025Member 2024-01-01 2024-03-31 0000798354 fisv:ThreePointZeroPercentSeniorNotesDue2031Member 2024-01-01 2024-03-31 0000798354 fisv:FourPointFivePercentSeniorNotesDue2031Member 2024-01-01 2024-03-31 0000798354 2024-04-19 xbrli:shares 0000798354 fisv:ProcessingAndServicesMember 2024-01-01 2024-03-31 iso4217:USD 0000798354 fisv:ProcessingAndServicesMember 2023-01-01 2023-03-31 0000798354 us-gaap:ProductMember 2024-01-01 2024-03-31 0000798354 us-gaap:ProductMember 2023-01-01 2023-03-31 0000798354 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0000798354 us-gaap:EquityMethodInvesteeMember fisv:RelatedPartyFeesMember 2024-01-01 2024-03-31 0000798354 us-gaap:EquityMethodInvesteeMember fisv:RelatedPartyFeesMember 2023-01-01 2023-03-31 0000798354 us-gaap:ForeignExchangeContractMember 2024-01-01 2024-03-31 0000798354 us-gaap:ForeignExchangeContractMember 2023-01-01 2023-03-31 0000798354 us-gaap:TreasuryLockMember 2024-01-01 2024-03-31 0000798354 us-gaap:TreasuryLockMember 2023-01-01 2023-03-31 0000798354 2024-03-31 0000798354 2023-12-31 0000798354 us-gaap:CustomerRelatedIntangibleAssetsMember 2024-03-31 0000798354 us-gaap:CustomerRelatedIntangibleAssetsMember 2023-12-31 0000798354 us-gaap:OtherIntangibleAssetsMember 2024-03-31 0000798354 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0000798354 2022-12-31 0000798354 2023-03-31 0000798354 fisv:MerchantsUtilizingCloverCapitalCashAdvanceProgramMember 2024-03-31 0000798354 fisv:MerchantsUtilizingCloverCapitalCashAdvanceProgramMember 2023-12-31 0000798354 fisv:ForeignBanksAndAlliancePartnersMember 2024-03-31 0000798354 fisv:ForeignBanksAndAlliancePartnersMember 2023-12-31 0000798354 fisv:MerchantCreditLossesMember 2024-01-01 2024-03-31 0000798354 fisv:MerchantCreditLossesMember 2023-01-01 2023-03-31 0000798354 fisv:MerchantCreditLossesMember 2024-03-31 0000798354 fisv:MerchantCreditLossesMember 2023-12-31 0000798354 srt:ScenarioForecastMember 2024-01-01 2024-12-31 0000798354 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember us-gaap:RevenueFromContractWithCustomerMember 2024-01-01 2024-03-31 xbrli:pure 0000798354 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember us-gaap:RevenueFromContractWithCustomerMember 2023-01-01 2023-03-31 0000798354 us-gaap:OperatingSegmentsMember fisv:MerchantSegmentMember fisv:SmallBusinessMember 2024-01-01 2024-03-31 0000798354 us-gaap:OperatingSegmentsMember fisv:MerchantSegmentMember fisv:SmallBusinessMember 2023-01-01 2023-03-31 0000798354 fisv:EnterpriseMember us-gaap:OperatingSegmentsMember fisv:MerchantSegmentMember 2024-01-01 2024-03-31 0000798354 fisv:EnterpriseMember us-gaap:OperatingSegmentsMember fisv:MerchantSegmentMember 2023-01-01 2023-03-31 0000798354 us-gaap:OperatingSegmentsMember fisv:MerchantSegmentMember fisv:ProcessingMember 2024-01-01 2024-