v3.24.1.u1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 4,883 $ 4,547
Selling, general and administrative 1,697 1,604
Net loss on sale of businesses and other assets 0 4
Total expenses 3,702 3,613
Operating income 1,181 934
Interest expense, net (261) (202)
Other expense, net (7) (20)
Income before income taxes and loss from investments in unconsolidated affiliates 913 712
Income tax provision (153) (124)
Loss from investments in unconsolidated affiliates (8) (12)
Net income 752 576
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 17 13
Net income attributable to Fiserv, Inc. $ 735 $ 563
Net income attributable to Fiserv, Inc. per share:    
Basic (in dollars per share) $ 1.24 $ 0.90
Diluted (in dollars per share) $ 1.24 $ 0.89
Shares used in computing net income attributable to Fiserv, Inc. per share:    
Basic (in shares) 590.9 626.9
Diluted (in shares) 594.8 631.3
Processing and services    
Revenue [1] $ 4,000 $ 3,673
Cost of goods sold and services 1,354 1,405
Product    
Revenue 883 874
Cost of goods sold and services $ 651 $ 600
[1] Includes processing and other fees charged to related party investments accounted for under the equity method of $40 million and $46 million for the three months ended March 31, 2024 and 2023, respectively (see Note 19).

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