How Does Fiserv Make its Money?
Fiserv is a leading global financial technology company providing payment processing, financial services technology, and banking solutions. Following its 2019 merger with First Data, the company became one of the largest fintech providers in the world. Fiserv processes billions of transactions annually through its Clover point-of-sale platform, merchant acquiring services, and core banking technology. The company serves financial institutions, merchants, and businesses across more than 100 countries.
Fiserv (FI) Business Model
Fiserv operates in the financial technology sector. Below is a summary of Fiserv’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Fiserv’s 2024 fiscal year filings with the SEC.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Fiserv Competitors
Fiserv’s key competitors and comparable public companies in the financial technology sector include Visa, Mastercard, Block (Square), and PayPal. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Fiserv stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Merchant Solutions (Clover, Payments) | $10,200 | $9,300 | +9.7% |
| Financial Solutions (Core Banking, Digital) | $9,600 | $9,100 | +5.5% |
| Total Revenue | $19,800 | $18,400 | +7.6% |
Merchant Solutions (Clover, Payments) — 52% of Revenue
Financial Solutions (Core Banking, Digital) — 48% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $19,800 | $18,400 |
| Cost of Revenue | $8,600 | $8,200 |
| Gross Profit | $11,200 | $10,200 |
| Operating Expenses | $5,500 | $5,200 |
| Operating Income | $5,700 | $5,000 |
| Net Income | $3,700 | $3,100 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 56.6%
- Operating Margin: 28.8%
- Revenue Growth: 7.6%
Is Fiserv Profitable?
Yes, Fiserv is profitable. The company reported net income of $3,700 on total revenue of $19,800. With an operating margin of 28.8%, Fiserv demonstrates solid profitability for the financial technology sector. The gross margin of 56.6% reflects Fiserv’s pricing power and cost structure.
What to Watch
- Clover point-of-sale platform growth and competition with Square (Block) and Toast
- Financial institution migration to cloud-based core banking platforms
- International expansion of merchant acquiring services
- Continued operating margin expansion through First Data synergies
Fiserv (FI) Financial Summary
Fiserv (FI) is a financial technology company that generated $19,800 in total revenue in fiscal year 2024. Revenue grew 7.6% year-over-year. The company earned $3,700 in net income, making it profitable. For a deeper look at Fiserv’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.