Operating Profit Margin
since 2005
Calculation
Fiserv Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 14.10% | = | 100 | × | 2,288) | ÷ | 16,226) |
| Dec 31, 2020 | 12.47% | = | 100 | × | 1,852) | ÷ | 14,852) |
| Dec 31, 2019 | 15.79% | = | 100 | × | 1,609) | ÷ | 10,187) |
| Dec 31, 2018 | 30.10% | = | 100 | × | 1,753) | ÷ | 5,823) |
| Dec 31, 2017 | 26.90% | = | 100 | × | 1,532) | ÷ | 5,696) |
| Dec 31, 2016 | 26.25% | = | 100 | × | 1,445) | ÷ | 5,505) |
| Dec 31, 2015 | 24.95% | = | 100 | × | 1,311) | ÷ | 5,254) |
| Dec 31, 2014 | 23.88% | = | 100 | × | 1,210) | ÷ | 5,066) |
| Dec 31, 2013 | 22.04% | = | 100 | × | 1,061) | ÷ | 4,814) |
| Dec 31, 2012 | 23.56% | = | 100 | × | 1,056) | ÷ | 4,482) |
| Dec 31, 2011 | 22.97% | = | 100 | × | 996) | ÷ | 4,337) |
| Dec 31, 2010 | 24.36% | = | 100 | × | 1,007) | ÷ | 4,133) |
| Dec 31, 2009 | 23.20% | = | 100 | × | 946) | ÷ | 4,077) |
| Dec 31, 2008 | 18.78% | = | 100 | × | 890) | ÷ | 4,739) |
| Dec 31, 2007 | 18.61% | = | 100 | × | 730) | ÷ | 3,922) |
| Dec 31, 2006 | 16.38% | = | 100 | × | 744) | ÷ | 4,544) |
| Dec 31, 2005 | 18.36% | = | 100 | × | 745) | ÷ | 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
- Operating Income
- Operating income exhibited a generally upward trend from 2005 through 2021. Starting at 745 million USD in 2005, it saw fluctuations but maintained growth overall, reaching 2288 million USD by 2021. Notably, operating income increased steadily from 2013 to 2018, peaking at 1753 million USD. Although there was a slight decline in 2019 to 1609 million USD, it rebounded strongly through 2020 and 2021, with a significant rise in 2021.
- Revenue
- Revenue demonstrated considerable variability over the observed period. From 2005 to 2014, revenue increased modestly from 4059 million USD to around 5254 million USD. After 2014, it showed steady increases until 2018, reaching 5823 million USD. Between 2018 and 2019, a substantial jump occurred, more than doubling to 10187 million USD in 2019. Revenue continued to grow strongly in 2020 and 2021, culminating at 16226 million USD by the end of the period. This sharp growth in the later years suggests significant business expansion or acquisitions.
- Operating Profit Margin
- The operating profit margin fluctuated throughout the years. It started at 18.36% in 2005 and showed some variability early on, peaking at 30.1% in 2018. Between 2008 and 2018, the margin generally trended upward, indicating improving operational efficiency or profitability. However, from 2018 to 2019, there was a marked decline to 15.79%, followed by a further reduction in 2020 to 12.47%. A slight recovery is observed in 2021 with the margin increasing to 14.1%, though still below prior peaks. This decline in margin despite increasing revenue suggests possible margin compression, likely due to higher costs or changes in business mix.
- Overall Analysis
- Over the entire period, both revenue and operating income expanded significantly, especially in the later years. The rapid increase in revenue from 2019 onward points to major growth drivers, potentially through acquisitions or organic growth in new markets. However, the drop in operating profit margin during this time indicates that profitability did not keep pace with revenue growth, which may reflect increased operational expenses, integration costs, or shifts in business segments. The operating income growth trend remains positive despite margin pressures, reflecting the scale effect accompanying revenue increases.
Comparison to Competitors
Fiserv Inc., operating profit margin, long-term trends, comparison to competitors
| Fiserv Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac 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 | 14.10% | 15.08% | 36.76% | 26.07% | -10.58% | 38.40% | 25.95% | 41.59% | 37.58% | -26.66% | -7.15% | 2.14% | 4.36% | 17.48% | -5.76% |
| Dec 31, 2020 | 12.47% | 14.69% | 32.93% | 24.06% | -30.34% | 22.86% | 28.34% | 37.03% | 35.57% | -107.41% | -5.25% | 1.74% | 4.40% | 16.83% | -13.85% |
| Dec 31, 2019 | 15.79% | 14.59% | 29.25% | 21.05% | — | 21.86% | 27.33% | 34.14% | 34.26% | — | -1.87% | 4.03% | 1.22% | 15.48% | -16.42% |
| Dec 31, 2018 | 30.10% | 14.04% | 31.45% | 18.53% | — | 19.99% | 25.10% | 31.77% | 34.34% | — | -5.68% | 2.25% | -1.63% | 11.54% | -14.15% |
| Dec 31, 2017 | 26.90% | 12.60% | 29.69% | 16.67% | — | 19.01% | 26.95% | 24.82% | 33.69% | — | -10.21% | 0.77% | -5.25% | 12.76% | -24.00% |
| Dec 31, 2016 | 26.25% | 13.82% | 25.51% | 13.49% | — | 19.24% | 26.46% | 23.65% | 34.02% | — | -13.79% | 1.72% | -30.41% | 13.10% | -22.77% |
| Dec 31, 2015 | 24.95% | 13.48% | 18.83% | 16.77% | — | 16.39% | 17.60% | 19.41% | 36.29% | — | -14.39% | -2.71% | -16.55% | 11.88% | -27.38% |
| Dec 31, 2014 | 23.88% | 13.49% | 9.95% | 13.07% | — | 20.52% | 29.16% | 31.97% | 38.56% | — | -36.00% | -7.03% | -22.24% | 12.09% | -32.69% |
| Dec 31, 2013 | 22.04% | 14.27% | 10.42% | 12.94% | — | 21.74% | 29.56% | 34.38% | 39.49% | — | -4.70% | -3.63% | -15.61% | 12.56% | -43.07% |
| Dec 31, 2012 | 23.56% | 13.00% | 26.80% | 15.96% | — | 24.89% | 28.35% | 29.52% | 36.92% | — | 1.53% | -1.55% | -15.42% | 10.82% | — |
| Dec 31, 2011 | 22.97% | 12.69% | 26.07% | 10.47% | — | 20.55% | 26.15% | 38.83% | 33.78% | — | — | 5.88% | — | 13.86% | — |
| Dec 31, 2010 | 24.36% | 12.62% | 26.13% | -3.09% | — | 18.72% | 24.98% | 38.57% | 33.79% | — | — | 8.83% | — | 13.33% | — |
| Dec 31, 2009 | 23.20% | 11.41% | 23.44% | -14.50% | — | 18.51% | 21.43% | 34.85% | 35.79% | — | — | 5.92% | — | 15.31% | — |
| Dec 31, 2008 | 18.78% | 11.90% | 28.72% | -151.48% | — | 16.42% | 21.19% | 37.23% | 34.97% | — | — | 2.71% | — | 16.39% | — |
| Dec 31, 2007 | 18.61% | 11.62% | 27.16% | 19.68% | — | 18.06% | 23.85% | 36.23% | 33.20% | — | — | -0.72% | — | 9.74% | — |
| Dec 31, 2006 | 16.38% | 10.10% | 21.41% | 15.14% | — | 18.50% | 23.89% | 37.20% | 32.93% | — | — | 6.49% | — | 2.69% | — |
| Dec 31, 2005 | 18.36% | 12.35% | 37.05% | 8.94% | — | 24.17% | 25.72% | 36.60% | 34.09% | — | — | 3.70% | — | -5.34% | — |
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).