$FISV reported 3rd Q earnings last week; below is a short summary of their results.

h/t - stratosphere

h/t - Quartr App

h/t - @slt_research

Stats:

■GAAP Revenue up 9% in Q and YTD

■GAAP EPS up 17% in Q and 80% YTD

■Organic revenue growth up 11% in Q and YTD

■Company raises 2022 organic revenue growth outlook to 11% and adjusted EPS outlook to $6.48 to $6.55

GAAP revenue grew 9% to $4.52B in the 3rd Q YoY, with growth of:

Acceptance - 9%

Fintech - 1%

Payments - 10%

Other stats:

% Adjusted margins grew to 35.2% in 3rd Q, and 40 bps to 33.6% YTD

💵free cash flow was down $2.11B YTD, compared to $2.29B for same period last year

💻 FISV bought 7.6M shares for $750 million in the 3rd Q, and 17.9M shares for $1.8B YTD

Below is Robert Hau on Clover and the continued growth of the platform.

Here is Robert Hau, CFO on Carat and the opportunity the company sees in front of it.

And finally here is some analysis on the tone of the analyst call from

Q3 2022:

■ The # of positive words: 171

■ The # of negative words: 35

■ The ratio of positive over negative words: 4.885714285714286

All in all, a good quarter in a difficult environment. Clover continues to shine, and Carat appears ready to deliver for the company.

Long $FISV