Stock Analysis on Net
Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

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

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Fiserv Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported 0.21 0.20 0.13 0.52 0.55
Adjusted 0.21 0.20 0.13 0.49 0.54
Liquidity Ratio
Current Ratio
Reported 1.03 1.04 1.08 1.11 1.02
Adjusted 1.07 1.08 1.12 1.38 1.44
Solvency Ratios
Debt to Equity
Reported 0.69 0.64 0.66 2.60 1.79
Adjusted 0.59 0.55 0.57 1.81 1.36
Debt to Capital
Reported 0.41 0.39 0.40 0.72 0.64
Adjusted 0.37 0.36 0.36 0.64 0.58
Financial Leverage
Reported 2.46 2.31 2.35 4.91 3.77
Adjusted 2.06 1.94 1.95 3.32 2.74
Profitability Ratios
Net Profit Margin
Reported 8.22% 6.45% 8.77% 20.38% 21.88%
Adjusted 4.89% 6.81% 10.08% 20.29% 18.66%
Return on Equity (ROE)
Reported 4.31% 2.96% 2.71% 51.77% 45.62%
Adjusted 2.16% 2.64% 2.63% 32.78% 27.72%
Return on Assets (ROA)
Reported 1.75% 1.28% 1.15% 10.54% 12.11%
Adjusted 1.05% 1.36% 1.35% 9.87% 10.11%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Fiserv Inc. adjusted total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Fiserv Inc. adjusted current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Fiserv Inc. adjusted debt-to-equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Fiserv Inc. adjusted debt-to-capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Fiserv Inc. adjusted financial leverage ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Fiserv Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Fiserv Inc. adjusted ROE improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Fiserv Inc. adjusted ROA improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Fiserv Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Revenue 16,226 14,852 10,187 5,823 5,696
Total assets 76,249 74,619 77,539 11,262 10,289
Activity Ratio
Total asset turnover1 0.21 0.20 0.13 0.52 0.55
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenue2 16,303 14,938 10,365 5,662 5,765
Adjusted total assets3 76,262 74,639 77,466 11,638 10,647
Activity Ratio
Adjusted total asset turnover4 0.21 0.20 0.13 0.49 0.54

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).

1 2021 Calculation
Total asset turnover = Revenue ÷ Total assets
= 16,226 ÷ 76,249 = 0.21

2 Adjusted revenue. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted total asset turnover = Adjusted revenue ÷ Adjusted total assets
= 16,303 ÷ 76,262 = 0.21

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Fiserv Inc. adjusted total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Current assets 18,870 16,219 17,046 2,224 1,975
Current liabilities 18,295 15,637 15,727 2,010 1,938
Liquidity Ratio
Current ratio1 1.03 1.04 1.08 1.11 1.02
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 18,925 16,267 17,085 2,242 1,990
Adjusted current liabilities3 17,710 15,091 15,235 1,630 1,386
Liquidity Ratio
Adjusted current ratio4 1.07 1.08 1.12 1.38 1.44

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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,870 ÷ 18,295 = 1.03

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2021 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 18,925 ÷ 17,710 = 1.07

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Fiserv Inc. adjusted current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 21,237 20,684 21,899 5,959 4,900
Total Fiserv, Inc. shareholders’ equity 30,952 32,330 32,979 2,293 2,731
Solvency Ratio
Debt to equity1 0.69 0.64 0.66 2.60 1.79
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 21,974 21,280 22,642 6,337 5,266
Adjusted total equity3 36,981 38,498 39,692 3,505 3,881
Solvency Ratio
Adjusted debt to equity4 0.59 0.55 0.57 1.81 1.36

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).

1 2021 Calculation
Debt to equity = Total debt ÷ Total Fiserv, Inc. shareholders’ equity
= 21,237 ÷ 30,952 = 0.69

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2021 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 21,974 ÷ 36,981 = 0.59

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Fiserv Inc. adjusted debt-to-equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 21,237 20,684 21,899 5,959 4,900
Total capital 52,189 53,014 54,878 8,252 7,631
Solvency Ratio
Debt to capital1 0.41 0.39 0.40 0.72 0.64
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 21,974 21,280 22,642 6,337 5,266
Adjusted total capital3 58,955 59,778 62,334 9,842 9,147
Solvency Ratio
Adjusted debt to capital4 0.37 0.36 0.36 0.64 0.58

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).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 21,237 ÷ 52,189 = 0.41

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2021 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 21,974 ÷ 58,955 = 0.37

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Fiserv Inc. adjusted debt-to-capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total assets 76,249 74,619 77,539 11,262 10,289
Total Fiserv, Inc. shareholders’ equity 30,952 32,330 32,979 2,293 2,731
Solvency Ratio
Financial leverage1 2.46 2.31 2.35 4.91 3.77
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 76,262 74,639 77,466 11,638 10,647
Adjusted total equity3 36,981 38,498 39,692 3,505 3,881
Solvency Ratio
Adjusted financial leverage4 2.06 1.94 1.95 3.32 2.74

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).

1 2021 Calculation
Financial leverage = Total assets ÷ Total Fiserv, Inc. shareholders’ equity
= 76,249 ÷ 30,952 = 2.46

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 76,262 ÷ 36,981 = 2.06

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Fiserv Inc. adjusted financial leverage ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Fiserv, Inc. 1,334 958 893 1,187 1,246
Revenue 16,226 14,852 10,187 5,823 5,696
Profitability Ratio
Net profit margin1 8.22% 6.45% 8.77% 20.38% 21.88%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 798 1,017 1,045 1,149 1,076
Adjusted revenue3 16,303 14,938 10,365 5,662 5,765
Profitability Ratio
Adjusted net profit margin4 4.89% 6.81% 10.08% 20.29% 18.66%

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).

1 2021 Calculation
Net profit margin = 100 × Net income attributable to Fiserv, Inc. ÷ Revenue
= 100 × 1,334 ÷ 16,226 = 8.22%

2 Adjusted net income. See details »

3 Adjusted revenue. See details »

4 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenue
= 100 × 798 ÷ 16,303 = 4.89%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Fiserv Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Fiserv, Inc. 1,334 958 893 1,187 1,246
Total Fiserv, Inc. shareholders’ equity 30,952 32,330 32,979 2,293 2,731
Profitability Ratio
ROE1 4.31% 2.96% 2.71% 51.77% 45.62%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 798 1,017 1,045 1,149 1,076
Adjusted total equity3 36,981 38,498 39,692 3,505 3,881
Profitability Ratio
Adjusted ROE4 2.16% 2.64% 2.63% 32.78% 27.72%

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).

1 2021 Calculation
ROE = 100 × Net income attributable to Fiserv, Inc. ÷ Total Fiserv, Inc. shareholders’ equity
= 100 × 1,334 ÷ 30,952 = 4.31%

2 Adjusted net income. See details »

3 Adjusted total equity. See details »

4 2021 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total equity
= 100 × 798 ÷ 36,981 = 2.16%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Fiserv Inc. adjusted ROE improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Fiserv, Inc. 1,334 958 893 1,187 1,246
Total assets 76,249 74,619 77,539 11,262 10,289
Profitability Ratio
ROA1 1.75% 1.28% 1.15% 10.54% 12.11%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 798 1,017 1,045 1,149 1,076
Adjusted total assets3 76,262 74,639 77,466 11,638 10,647
Profitability Ratio
Adjusted ROA4 1.05% 1.36% 1.35% 9.87% 10.11%

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).

1 2021 Calculation
ROA = 100 × Net income attributable to Fiserv, Inc. ÷ Total assets
= 100 × 1,334 ÷ 76,249 = 1.75%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 798 ÷ 76,262 = 1.05%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Fiserv Inc. adjusted ROA improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.