Fiserv Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,215	3,490	3,180	3,129	2,582	1,403
Depreciation & Amortization	3,259	3,207	3,138	3,162	3,212	3,248
Stock-Based Compensation	351	357	367	342	323	239
Other Adjustments	-707	-983	284	-559	-755	-361
Change in Receivables	131	-123	-169	23	-770	-358
Changes in Accounts Payable	717	878	426	-54	511	303
Changes in Unearned Revenue	-34	16	70	155	58	77
Changes in Other Operating Activities	-492	-780	-665	-1,036	-543	-517
Operating Cash Flow	6,013	6,062	6,631	5,162	4,618	4,034
Operating Cash Flow Growth	-6.75%	-8.58%	28.46%	11.78%	14.48%	-2.73%
Capital Expenditures	-1,886	-1,763	-1,569	-1,388	-1,479	-1,160
Sale of Property, Plant & Equipment	187	-	-	-	-	-
Purchases of Investments	-52	-81	-155	-39	-52	-256
Proceeds from Sale of Investments	764	756	61	5	23	519
Payments for Business Acquisitions	-504	-820	-	-13	-988	-848
Proceeds from Business Divestments	-	-	-	234	246	-
Other Investing Activities	-194	-612	-741	133	138	115
Investing Cash Flow	-1,796	-2,520	-2,404	-1,068	-2,112	-1,630
Short-Term Debt Issued	-2,959	-370	278	-1,456	1,837	1,741
Net Short-Term Debt Issued (Repaid)	-2,959	-370	278	-1,456	1,837	1,741
Long-Term Debt Issued	6,137	6,504	6,783	5,567	1,624	6,435
Long-Term Debt Repaid	-3,633	-3,955	-5,396	-3,015	-3,315	-7,881
Net Long-Term Debt Issued (Repaid)	2,504	2,549	1,387	2,552	-1,691	-1,446
Issuance of Common Stock	50	62	97	101	149	140
Repurchase of Common Stock	-3,787	-5,899	-5,837	-4,827	-2,677	-2,786
Net Common Stock Issued (Repurchased)	-3,737	-5,837	-5,740	-4,726	-2,528	-2,646
Other Financing Activities	-1,242	-174	-90	-726	-96	610
Financing Cash Flow	-5,382	-3,832	-4,165	-4,356	-2,478	-1,741
Effect of Exchange Rate Changes on Cash and Cash Equivalents	46	99	-32	33	-41	-27
Net Cash Flow	-1,119	-191	30	-229	-13	636
Free Cash Flow	4,127	4,299	5,062	3,774	3,139	2,874
Free Cash Flow Growth	-4.00%	-15.07%	34.13%	20.23%	9.22%	-11.49%
FCF Margin	19.57%	20.29%	24.75%	19.77%	17.70%	17.71%
Free Cash Flow Per Share	7.62	7.83	8.70	6.13	4.84	4.28
Levered Free Cash Flow	4,309	7,217	6,196	5,003	4,435	3,580
Unlevered Free Cash Flow	6,001	6,269	6,443	4,883	4,792	3,740

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.