Fiserv

Fiserv’s revenue is predominantly processing and services (about 81% in 2024), tied to accounts and transactions under high‑renewal contracts. That creates steady, recurring cash flows with modest cyclicality to consumer activity.

Secular adoption of electronic payments and software‑enabled financial services supports mid‑ to high‑single‑digit organic growth through cycles. 2025 guidance for roughly 10% organic revenue growth and consistent adjusted EPS growth further supports visibility, though merchant growth optics can fluctuate with macro and competitive dynamics.