Net Profit Margin
since 2005
Calculation
Fiserv Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Fiserv, Inc.1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 8.22% | = | 100 | × | 1,334) | ÷ | 16,226) |
| Dec 31, 2020 | 6.45% | = | 100 | × | 958) | ÷ | 14,852) |
| Dec 31, 2019 | 8.77% | = | 100 | × | 893) | ÷ | 10,187) |
| Dec 31, 2018 | 20.38% | = | 100 | × | 1,187) | ÷ | 5,823) |
| Dec 31, 2017 | 21.88% | = | 100 | × | 1,246) | ÷ | 5,696) |
| Dec 31, 2016 | 16.89% | = | 100 | × | 930) | ÷ | 5,505) |
| Dec 31, 2015 | 13.55% | = | 100 | × | 712) | ÷ | 5,254) |
| Dec 31, 2014 | 14.88% | = | 100 | × | 754) | ÷ | 5,066) |
| Dec 31, 2013 | 13.46% | = | 100 | × | 648) | ÷ | 4,814) |
| Dec 31, 2012 | 13.63% | = | 100 | × | 611) | ÷ | 4,482) |
| Dec 31, 2011 | 10.88% | = | 100 | × | 472) | ÷ | 4,337) |
| Dec 31, 2010 | 12.00% | = | 100 | × | 496) | ÷ | 4,133) |
| Dec 31, 2009 | 11.68% | = | 100 | × | 476) | ÷ | 4,077) |
| Dec 31, 2008 | 12.01% | = | 100 | × | 569) | ÷ | 4,739) |
| Dec 31, 2007 | 11.19% | = | 100 | × | 439) | ÷ | 3,922) |
| Dec 31, 2006 | 9.90% | = | 100 | × | 450) | ÷ | 4,544) |
| Dec 31, 2005 | 12.72% | = | 100 | × | 516) | ÷ | 4,059) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin of Fiserv Inc. from 2005 to 2021 is characterized by three distinct operational phases: a period of stability, a phase of significant margin expansion, and a subsequent period of margin compression coinciding with rapid revenue growth.
- Stability Period (2005–2011)
- During this interval, the net profit margin remained relatively consistent, fluctuating within a narrow range between 9.90% and 12.72%. Revenue and net income exhibited modest growth, with profitability remaining stable despite minor annual variations.
- Profitability Expansion (2012–2017)
- A sustained upward trend in efficiency is observed starting in 2012. The net profit margin rose from 13.63% to a peak of 21.88% in 2017. This period reflects a strong correlation between increasing revenue and a disproportionately higher increase in net income, suggesting improved operational leverage and cost management.
- Revenue Scaling and Margin Compression (2018–2021)
- Beginning in 2019, a significant divergence occurred between revenue growth and profitability margins. While revenue expanded aggressively, increasing from 5.82 billion dollars in 2017 to 16.23 billion dollars in 2021, the net profit margin experienced a sharp decline, falling to 6.45% by 2020 before a slight recovery to 8.22% in 2021. This pattern indicates that the costs associated with the rapid increase in scale significantly impacted the bottom-line percentage.
Overall, while the absolute net income in 2021 remained higher than in the 2005-2011 period, the efficiency of converting revenue into profit decreased substantially following the massive expansion of the revenue base after 2017.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Fiserv Inc., net profit margin, long-term trends, comparison to competitors
| Fiserv Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 8.22% | 11.69% | 30.55% | 1.27% | 23.29% | -2.02% | 10.01% | 21.41% | 36.45% | 33.96% | -33.75% | -11.72% | 19.16% | 3.90% | 18.02% | -6.54% |
| Dec 31, 2020 | 6.45% | 11.52% | 40.88% | — | 22.02% | -4.07% | 7.59% | 23.78% | 30.96% | 25.94% | -106.75% | -7.83% | 0.74% | 2.62% | 18.03% | -13.25% |
| Dec 31, 2019 | 8.77% | 11.06% | 26.42% | — | 42.33% | -4.61% | 12.22% | 22.95% | 31.18% | 28.05% | — | -2.82% | 8.36% | 18.11% | 15.84% | -14.82% |
| Dec 31, 2018 | 20.38% | 9.76% | 28.69% | — | 16.17% | — | 10.97% | 20.31% | 15.02% | 9.60% | — | -6.51% | 1.22% | -1.02% | 13.86% | -14.99% |
| Dec 31, 2017 | 21.88% | 9.37% | 23.20% | — | 10.50% | — | 7.27% | 18.76% | 23.57% | 24.74% | — | -12.30% | 2.14% | -7.71% | 5.01% | -26.01% |
| Dec 31, 2016 | 16.89% | 11.82% | 19.96% | — | 11.18% | — | 14.86% | 20.86% | 19.69% | 24.03% | — | -16.39% | -0.71% | -32.49% | 11.01% | -24.94% |
| Dec 31, 2015 | 13.55% | 9.28% | 13.13% | — | 14.83% | — | 16.14% | 8.71% | 13.03% | 26.00% | — | -17.78% | -4.89% | -19.73% | 10.08% | -31.48% |
| Dec 31, 2014 | 14.88% | 9.23% | 6.47% | — | 10.05% | — | 12.96% | 20.13% | 25.42% | 28.62% | — | -37.86% | -5.70% | -26.28% | 12.59% | -36.79% |
| Dec 31, 2013 | 13.46% | 10.80% | 7.15% | — | 11.25% | — | 16.52% | 20.57% | 28.08% | 29.38% | — | -7.38% | -8.87% | -17.36% | 12.63% | -43.55% |
| Dec 31, 2012 | 13.63% | 8.58% | 18.91% | — | 33.17% | — | 15.89% | 19.08% | 23.03% | 26.89% | — | 0.29% | -0.51% | -15.32% | 10.39% | — |
| Dec 31, 2011 | 10.88% | 8.33% | 19.75% | — | 6.28% | — | 14.83% | 16.46% | 33.10% | 23.99% | — | — | 3.89% | — | 14.42% | — |
| Dec 31, 2010 | 12.00% | 7.71% | 20.39% | — | 13.52% | — | 14.85% | 16.61% | 30.02% | 22.87% | — | — | 6.18% | — | 17.17% | — |
| Dec 31, 2009 | 11.68% | 6.86% | 13.12% | — | -17.58% | — | 14.02% | 14.05% | 24.93% | 24.05% | — | — | 4.03% | — | 12.33% | — |
| Dec 31, 2008 | 12.01% | 6.68% | 24.35% | — | -178.51% | — | 11.90% | 15.52% | 29.26% | 24.61% | — | — | 2.45% | — | 14.21% | — |
| Dec 31, 2007 | 11.19% | 5.79% | 22.92% | — | 18.34% | — | 10.55% | 16.46% | 27.51% | 23.75% | — | — | 0.10% | — | 10.76% | — |
| Dec 31, 2006 | 9.90% | 5.34% | 19.64% | — | 9.61% | — | 10.38% | 17.80% | 28.45% | 23.51% | — | — | 9.19% | — | 2.26% | — |
| Dec 31, 2005 | 12.72% | 5.50% | 30.66% | — | 3.71% | — | 8.71% | 18.73% | 30.80% | 24.46% | — | — | 4.16% | — | -1.56% | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Fiserv Inc., net profit margin, long-term trends, comparison to sector (software & services)
| Fiserv Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2021 | 8.22% | 25.12% |
| Dec 31, 2020 | 6.45% | 20.08% |
| Dec 31, 2019 | 8.77% | 21.61% |
| Dec 31, 2018 | 20.38% | 12.10% |
| Dec 31, 2017 | 21.88% | 15.36% |
| Dec 31, 2016 | 16.89% | 16.49% |
| Dec 31, 2015 | 13.55% | 14.57% |
| Dec 31, 2014 | 14.88% | 18.21% |
| Dec 31, 2013 | 13.46% | 20.55% |
| Dec 31, 2012 | 13.63% | 18.62% |
| Dec 31, 2011 | 10.88% | 20.48% |
| Dec 31, 2010 | 12.00% | 19.41% |
| Dec 31, 2009 | 11.68% | 17.17% |
| Dec 31, 2008 | 12.01% | 16.67% |
| Dec 31, 2007 | 11.19% | 15.91% |
| Dec 31, 2006 | 9.90% | 15.65% |
| Dec 31, 2005 | 12.72% | 15.06% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Fiserv Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Fiserv Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 8.22% | 23.48% |
| Dec 31, 2020 | 6.45% | 19.76% |
| Dec 31, 2019 | 8.77% | 19.73% |
| Dec 31, 2018 | 20.38% | 18.59% |
| Dec 31, 2017 | 21.88% | 17.77% |
| Dec 31, 2016 | 16.89% | 17.58% |
| Dec 31, 2015 | 13.55% | 18.32% |
| Dec 31, 2014 | 14.88% | 19.33% |
| Dec 31, 2013 | 13.46% | 20.15% |
| Dec 31, 2012 | 13.63% | 20.07% |
| Dec 31, 2011 | 10.88% | 20.71% |
| Dec 31, 2010 | 12.00% | 20.19% |
| Dec 31, 2009 | 11.68% | 14.45% |
| Dec 31, 2008 | 12.01% | 15.07% |
| Dec 31, 2007 | 11.19% | 15.71% |
| Dec 31, 2006 | 9.90% | 16.26% |
| Dec 31, 2005 | 12.72% | 16.64% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).