v3.24.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 5,107 $ 4,756 $ 9,990 $ 9,303
Selling, general and administrative 1,697 1,696 3,394 3,300
Net loss on sale of businesses and other assets 0 0 0 4
Total expenses 3,679 3,625 7,381 7,238
Operating income 1,428 1,131 2,609 2,065
Interest expense, net (285) (232) (546) (434)
Other expense, net (5) (26) (12) (46)
Income before income taxes and (loss) income from investments in unconsolidated affiliates 1,138 873 2,051 1,585
Income tax provision (221) (181) (374) (305)
(Loss) income from investments in unconsolidated affiliates (8) 3 (16) (9)
Net income 909 695 1,661 1,271
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 15 12 32 25
Net income attributable to Fiserv, Inc. $ 894 $ 683 $ 1,629 $ 1,246
Net income attributable to Fiserv, Inc. per share:        
Basic (in dollars per share) $ 1.53 $ 1.11 $ 2.78 $ 2.01
Diluted (in dollars per share) $ 1.53 $ 1.10 $ 2.76 $ 1.99
Shares used in computing net income attributable to Fiserv, Inc. per share:        
Basic (in shares) 582.7 615.4 586.8 621.2
Diluted (in shares) 585.4 619.2 590.1 625.3
Processing and services        
Revenue [1] $ 4,140 $ 3,924 $ 8,140 $ 7,597
Cost of goods sold and services 1,343 1,351 2,697 2,756
Product        
Revenue 967 832 1,850 1,706
Cost of goods sold and services $ 639 $ 578 $ 1,290 $ 1,178
[1] Includes processing and other fees charged to related party investments accounted for under the equity method of $36 million and $45 million for the three months ended June 30, 2024 and 2023, respectively, and $76 million and $91 million for the six months ended June 30, 2024 and 2023, respectively (see Note 19).

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