Strong Revenue and Earnings Growth
Fiserv reported an 8% adjusted and organic revenue growth for the second quarter and a significant 16% adjusted EPS growth.
Record Shareholder Returns
The company returned $2.2 billion to shareholders by repurchasing 12.2 million shares in the quarter, a 26% increase over Q1.
Clover Revenue Growth
Clover revenue grew by 30% in Q2, driven by strong VAS penetration and new partnerships. The company remains on track to achieve $3.5 billion in Clover revenue for the year.
Expansion in Canada
The agreement with TD Bank Canada significantly increases Fiserv's presence, allowing joint service to new TD merchant clients via the Clover platform.
Financial Solutions Growth
Financial Solutions segment saw 7% organic revenue growth, driven by strong performances in issuing and digital payments business lines.