Stock Analysis on Net
Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 28, 2022.

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Fiserv Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income attributable to Fiserv, Inc.1 ÷ Total Fiserv, Inc. shareholders’ equity1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
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Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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 analysis of the financial data reveals several notable trends and patterns over the observed period.

Net Income Attributable to Fiserv, Inc.
The net income exhibits fluctuations with a general upward trend from 2005 through 2017. Starting at 516 million USD in 2005, net income experienced modest decreases in the subsequent two years, reaching a low of 439 million USD in 2007. From 2008 onward, net income generally increased, peaking at 1,246 million USD in 2017. After this peak, there was a decline in net income during 2018 and 2019, dipping to 893 million USD in 2019. The figures rebounded in 2020 and 2021 to 958 million USD and 1,334 million USD respectively, suggesting a recovery and renewed growth in profitability.
Total Fiserv, Inc. Shareholders’ Equity
This metric shows steady growth from 2,466 million USD in 2005 to a peak around 3,585 million USD in 2013. However, from 2013 to 2016, shareholders’ equity declined significantly to 2,541 million USD. Notably, there is a dramatic increase to 32,979 million USD in 2019, with subsequent small decreases in the following years to 32,330 million USD in 2020 and 30,952 million USD in 2021. This sharp increase post-2018 is a substantial departure from prior trends and indicates major changes in the company’s capital structure or significant equity contributions/acquisitions during that period.
Return on Equity (ROE)
ROE percentages fluctuate considerably over the years. Between 2005 and 2014, ROE remained mostly stable, ranging from approximately 15% to 23%, with an upward trajectory towards the end of this range. From 2014 to 2018, ROE rose sharply, peaking at an exceptionally high 51.77% in 2018. Following this peak, there is a substantial drop to 2.71% in 2019, with only slight improvements observed through 2020 and 2021 at 2.96% and 4.31% respectively. This considerable decrease in ROE corresponds with the large increase in shareholders’ equity during the same period, indicating that net income growth did not keep pace with the equity base expansion, resulting in diminished efficiency in generating returns on equity.

In summary, the company experienced steady net income growth and a stable shareholder equity base through much of the period until a significant shift occurred around 2018-2019. The extraordinary increase in shareholders’ equity coupled with a comparatively smaller net income led to a sharp decline in ROE, reflecting lower profitability efficiency relative to equity. The recovery in net income in 2020 and 2021 was not sufficient to restore ROE to previous levels, suggesting ongoing impacts from the changes in equity structure or operational dynamics during the later years.

Comparison to Competitors

Fiserv Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Fiserv Inc. Accenture PLC Adobe Inc. Cadence Design Systems Inc. CrowdStrike Holdings Inc. Fair Isaac Corp. 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
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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., ROE, long-term trends, comparison to sector (software & services)

Microsoft Excel
Fiserv Inc. Software & Services
Dec 31, 2021
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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., ROE, long-term trends, comparison to industry (information technology)

Microsoft Excel
Fiserv Inc. Information Technology
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
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Dec 31, 2015
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Dec 31, 2012
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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).