Fiserv (FISV) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. This marks a shift from the prior trend of sequential increases.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. This marks a shift from the prior trend of sequential increases.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+9.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.5B | +9.8% |
| Sep 30, 2022 | $4.5B | +8.5% |
| Dec 31, 2022 | $4.6B | +8.8% |
| Mar 31, 2023 | $4.5B | +9.9% |
Revenue performance
The sequential revenue decrease contrasts with a solid year-over-year improvement. The company's top line softened from the prior quarter while still showing expansion from a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. Relative to the same quarter a year earlier, revenue was higher, reflecting sustained annual growth despite the sequential dip.
What to watch
Monitor whether the sequential decline marks a temporary pause or a broader trend shift in revenue momentum.