Strong Start to Fiscal Year 2025
Fiserv, Inc. reported total company organic revenue growth of 7%, adjusted earnings per share up 14%, and an adjusted operating margin increase of 200 basis points.
Clover Revenue Growth
Clover revenue grew by 27% in the first quarter, with an annualized payment volume growth of 8%. The company expects to achieve $3.5 billion in revenue for Clover by year-end.
Merchant Solutions Segment Performance
The Merchant Solutions segment posted 8% organic revenue growth with adjusted operating margin increasing 10 basis points to 34.2%.
Strategic Acquisitions
Fiserv, Inc. announced four strategic acquisitions outside the United States, including Payfair, CCV Group, Pinch Payments, and MoneyMoney, to enhance its global footprint and capabilities.
Expansion of Financial Institution Partnerships
Added 33 new financial institutions as merchant partners in the U.S. in Q1, marking an acceleration from last year.
New Product Launches
Introduced Clover Hospitality, a point of sale system for high-end restaurants, and continued expansion of Cash Flow Central, a key growth product for financial institutions.