Fiserv Inc. Q2 2024 10-Q Filed

Ticker: FISV · Form: 10-Q · Filed: 2024-07-25T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, debt, quarterly-report

Related Tickers: FISV

TL;DR

FISERV 10-Q FILED: Q2 RESULTS IN, DEBT DETAILS OUT.

AI Summary

Fiserv Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance for the second quarter and the first half of the year, including revenue from its Processing and Services segment. Specific details on debt instruments like Senior Notes due 2027 and 2030 are also provided.

Why It Matters

This filing provides investors with an update on Fiserv's financial health and operational performance, crucial for understanding the company's trajectory in the business services sector.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt obligations, which can indicate financial leverage and associated risks.

Key Numbers

20240630 — Period End Date (Indicates the end of the reporting period for the 10-Q.)
2024-01-01 to 2024-06-30 — Year-to-Date Period (Covers the first six months of the fiscal year for financial reporting.)
2024-04-01 to 2024-06-30 — Second Quarter Period (Covers the financial performance for the second quarter of 2024.)

Key Players & Entities

FISERV INC (company) — Filer of the 10-Q
20240630 (date) — Period of report
600 N. VEL R. PHILLIPS AVENUE (address) — Company's business and mail address
MILWAUKEE (city) — Company's headquarters city
WI (state) — Company's headquarters state
4148795000 (phone_number) — Company's business phone number
fisv:SeniorNotesDue2027Member (debt_instrument) — Specific debt mentioned
fisv:SeniorNotesDue2030Member (debt_instrument) — Specific debt mentioned
fisv:ProcessingAndServicesMember (segment) — Key business segment reported

FAQ

What is the primary business segment for which Fiserv Inc. reported financial data in this 10-Q?

Fiserv Inc. reported financial data for its 'Processing and Services' segment for the periods ending June 30, 2024, and June 30, 2023.

What specific debt instruments are mentioned in the filing for the period ending June 30, 2024?

The filing mentions several senior notes, including Senior Notes Due 2027, Senior Notes Due 2030, Senior Notes Due 2025, Three Point Zero Percent Senior Notes Due 2031, and Four Point Five Percent Senior Notes Due 2031.

What is the filing date of this 10-Q report?

This 10-Q report was filed on July 25, 2024.

What is the fiscal year end for Fiserv Inc.?

Fiserv Inc.'s fiscal year ends on December 31.

What is the SIC code for Fiserv Inc.?

The Standard Industrial Classification (SIC) code for Fiserv Inc. is 7389, which falls under SERVICES-BUSINESS SERVICES, NEC.

From the Filing

0000798354-24-000156.txt : 20240725 0000798354-24-000156.hdr.sgml : 20240725 20240725070636 ACCESSION NUMBER: 0000798354-24-000156 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 98 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240725 DATE AS OF CHANGE: 20240725 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: 241139774 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-20240630.htm 10-Q fisv-20240630 FALSE 2024 Q2 0000798354 12/31 P6M P1Y P1Y P1Y 558 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:EUR iso4217:SGD iso4217:CAD iso4217:GBP iso4217:BRL fisv:noncontrolling_interest 0000798354 2024-01-01 2024-06-30 0000798354 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0000798354 fisv:SeniorNotesDue2027Member 2024-01-01 2024-06-30 0000798354 fisv:SeniorNotesDue2030Member 2024-01-01 2024-06-30 0000798354 fisv:SeniorNotesDue2025Member 2024-01-01 2024-06-30 0000798354 fisv:ThreePointZeroPercentSeniorNotesDue2031Member 2024-01-01 2024-06-30 0000798354 fisv:FourPointFivePercentSeniorNotesDue2031Member 2024-01-01 2024-06-30 0000798354 2024-07-19 0000798354 fisv:ProcessingAndServicesMember 2024-04-01 2024-06-30 0000798354 fisv:ProcessingAndServicesMember 2023-04-01 2023-06-30 0000798354 fisv:ProcessingAndServicesMember 2024-01-01 2024-06-30 0000798354 fisv:ProcessingAndServicesMember 2023-01-01 2023-06-30 0000798354 us-gaap:ProductMember 2024-04-01 2024-06-30 0000798354 us-gaap:ProductMember 2023-04-01 2023-06-30 0000798354 us-gaap:ProductMember 2024-01-01 2024-06-30 0000798354 us-gaap:ProductMember 2023-01-01 2023-06-30 0000798354 2024-04-01 2024-06-30 0000798354 2023-04-01 2023-06-30 0000798354 2023-01-01 2023-06-30 0000798354 fisv:RelatedPartyFeesMember us-gaap:EquityMethodInvesteeMember 2024-04-01 2024-06-30 0000798354 fisv:RelatedPartyFeesMember us-gaap:EquityMethodInvesteeMember 2023-04-01 2023-06-30 0000798354 fisv:RelatedPartyFeesMember us-gaap:EquityMethodInvesteeMember 2024-01-01 2024-06-30 0000798354 fisv:RelatedPartyFeesMember us-gaap:EquityMethodInvesteeMember 2023-01-01 2023-06-30 0000798354 us-gaap:ForeignExchangeContractMember 2024-04-01 2024-06-30 0000798354 us-gaap:ForeignExchangeContractMember 2023-04-01 2023-06-30 0000798354 us-gaap:ForeignExchangeContractMember 2024-01-01 2024-06-30 0000798354 us-gaap:ForeignExchangeContractMember 2023-01-01 2023-06-30 0000798354 us-gaap:TreasuryLockMember 2024-04-01 2024-06-30 0000798354 us-gaap:TreasuryLockMember 2023-04-01 2023-06-30 0000798354 us-gaap:TreasuryLockMember 2024-01-01 2024-06-30 0000798354 us-gaap:TreasuryLockMember 2023-01-01 2023-06-30 0000798354 2024-06-30 0000798354 2023-12-31 0000798354 us-gaap:CustomerRelatedIntangibleAssetsMember 2024-06-30 0000798354 us-gaap:CustomerRelatedIntangibleAssetsMember 2023-12-31 0000798354 us-gaap:OtherIntangibleAssetsMember 2024-06-30 0000798354 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0000798354 2022-12-31 0000798354 2023-06-30 0000798354 fisv:CloverCapitalMember 2024-06-30 0000798354 fisv:CloverCapitalMember 2023-12-31 0000798354 fisv:ForeignBanksAndAlliancePartnersMember 2024-06-30 0000798354 fisv:ForeignBanksAndAlliancePartnersMember 2023-12-31 0000798354 fisv:MerchantsUtilizingCloverCapitalCashAdvanceProgramMember 2024-06-30 0000798354 fisv:MerchantsUtilizingCloverCapitalCashAdvanceProgramMember 2023-12-31 0000798354 fisv:MerchantCreditLossesMember 2024-04-01 2024-06-30 0000798354 fisv:MerchantCreditLossesMember 2023-04-01 2023-06-30 0000798354 fisv:MerchantCreditLossesMember 2024-01-01 2024-06-30 00007