Fiserv Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,480	3,131	3,068	2,530	1,334
Depreciation & Amortization	3,161	3,095	3,121	3,169	3,196
Other Amortization	46	43	41	43	52
Loss (Gain) From Sale of Assets	-120	-	-167	-54	-
Asset Writedown & Restructuring Costs	-	-	-	-	15
Loss (Gain) From Sale of Investments	-74	-	-	-	-
Loss (Gain) on Equity Investments	7	724	70	-147	-66
Stock-Based Compensation	357	367	342	323	239
Other Operating Activities	-786	-391	-401	-502	-241
Change in Accounts Receivable	-123	-169	23	-770	-358
Change in Accounts Payable	878	426	-54	511	303
Change in Unearned Revenue	16	70	155	58	77
Change in Other Net Operating Assets	-780	-665	-1,036	-543	-517
Operating Cash Flow	6,062	6,631	5,162	4,618	4,034
Operating Cash Flow Growth	-8.58%	28.46%	11.78%	14.48%	-2.73%
Capital Expenditures	-1,763	-1,569	-1,388	-1,479	-1,160
Cash Acquisitions	-820	-	-13	-988	-848
Divestitures	-	-	234	246	-
Investment in Securities	717	-34	102	109	378
Other Investing Activities	-654	-801	-3	-	-
Investing Cash Flow	-2,520	-2,404	-1,068	-2,112	-1,630
Short-Term Debt Issued	-	278	-	1,837	1,741
Long-Term Debt Issued	6,504	6,783	5,567	1,624	6,435
Total Debt Issued	6,504	7,061	5,567	3,461	8,176
Short-Term Debt Repaid	-370	-	-1,456	-	-
Long-Term Debt Repaid	-3,955	-5,396	-3,015	-3,315	-7,881
Total Debt Repaid	-4,325	-5,396	-4,471	-3,315	-7,881
Net Debt Issued (Repaid)	2,179	1,665	1,096	146	295
Issuance of Common Stock	62	97	101	149	140
Repurchase of Common Stock	-5,899	-5,837	-4,827	-2,677	-2,786
Other Financing Activities	-174	-90	-726	-96	610
Financing Cash Flow	-3,832	-4,165	-4,356	-2,478	-1,741
Foreign Exchange Rate Adjustments	99	-32	33	-41	-27
Net Cash Flow	-191	30	-229	-13	636
Free Cash Flow	4,299	5,062	3,774	3,139	2,874
Free Cash Flow Growth	-15.07%	34.13%	20.23%	9.22%	-11.49%
Free Cash Flow Margin	20.29%	24.75%	19.77%	17.70%	17.71%
Free Cash Flow Per Share	7.83	8.70	6.13	4.84	4.28
Cash Interest Paid	-	1,153	879	703	648
Cash Income Tax Paid	-	1,169	1,219	709	666
Levered Free Cash Flow	4,534	4,455	4,366	3,488	3,146
Unlevered Free Cash Flow	5,421	5,185	4,952	3,911	3,529
Change in Working Capital	-9	-338	-912	-744	-495

Updated Feb 10, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.