Fiserv, Inc.

Strong Financial Performance: Fiserv, Inc. reported a 7% organic revenue growth in the first quarter and a 14% increase in adjusted earnings per share (EPS), demonstrating solid operational execution despite a dynamic economic landscape. The company reaffirms its commitment to achieving approximately $5.5 billion in free cash flow for 2025.

Growth Challenges and Supply Dynamics: The company faced headwinds in the Clover business due to specific timing factors such as a leap year affecting prior periods and a difficult comparison due to a large term fee in last year's first quarter. Additionally, Canadian market dynamics related to travel spending negatively impacted volume growth, raising concerns about potential idiosyncratic risks in other international markets.

Clover Expansion and International Market Penetration: Clover's revenue grew significantly at 27%, with payment volume growth at an annualized 8%. Fiserv aims to achieve $3.5 billion revenue from Clover by year-end and expects increasing penetration of Value-Added Services (VAS) to 25%. The company is actively expanding Clover into new international markets, including Brazil and Australia, with strong partner relationships leading to deeper market engagement.