The following is a summary of the Fiserv, Inc. (FI) Q4 2023 Earnings Call Transcript:

Financial Performance:

Fiserv recorded a successful 2023 with an organic revenue growth of 12%, over 200 basis points of adjusted operating margin expansion, and 16% growth in adjusted earnings per share generating free cash flow of $4 billion.
In Q4 2023, adjusted revenue growth of 6% to $4.6 billion, with an adjusted operating income growth of 10% to $1.9 billion, leading to an adjusted operating margin of 40.7%.
For the full year 2023, the adjusted operating margin rose to 37.3% with Fiserv’s adjusted EPS increasing 16% to $7.52.
Decreased its debt to adjusted EBITDA ratio to 2.7 times, within the company’s targeted leverage range.
For 2024, projects an adjusted EPS of $8.55 to $8.70, indicating 14%-16% growth over 2023 and anticipates organic revenue growth of 15% to 17%.

Business Progress:

Progress was reported in Merchant Solutions and Financial Solutions segments with notable integration potential to cater to merchant customers and offer new financial services.
Expanded presence in various markets including EMEA, Asia-Pacific and Latin America, and also in the energy sector.
Nearly 20 large e-commerce merchants were added to their debit network and several clients were signed for their NOW Network in the Financial Solutions segment.
Plans to extend the customer base of Clover platform, targeting its revenue to reach $3.5 billion by 2025 and $4.5 billion by 2026.
Initiated the process of applying for a bank license that will assist in sponsorship of merchant acquiring, supporting smaller banks lacking sponsorship.
Plans to continue a defined capital allocation strategy in 2024, maintaining a robust balance sheet, along with share repurchases and strategic acquisitions.
Anticipates softer macro environment and a modestly slower GDP for 2024.