Fiserv, Inc. (FISV) Q4 2022 Earnings Call Transcript

Fiserv, Inc. (NASDAQ:FISV) Q4 2022 Earnings Conference Call February 7, 2023 8:00 AM ET

Company Participants

Julie Chariell - Senior Vice President, Investor Relations

Frank Bisignano - Chairman, President & Chief Executive Officer

Bob Hau - Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - JPMorgan

Lisa Ellis - MoffettNathanson

Dave Koning - Baird

Ramsey El-Assal - Barclays

Timothy Chiodo - Credit Suisse

Darrin Peller - Wolfe Research

Bryan Keane - Deutsche Bank

Dave Togut - Evercore ISI

Operator

Welcome to the Fiserv Fourth Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode until the question-and-answer session begins following the presentation. As a reminder, today's call is being recorded.

At this time, I will turn the call over to Julie Chariell, Senior Vice President of Investor Relations at Fiserv.

Julie Chariell

Thank you and good morning. With me today on the call are Frank Bisignano, our Chairman, President and Chief Executive Officer; and Bob Hau, our Chief Financial Officer.

Our earnings release and supplemental materials for the quarter and full year are available on the Investor Relations section of fiserv.com. Please refer to these materials for an explanation of the non-GAAP financial measures discussed on this call, along with a reconciliation of those measures to the nearest applicable GAAP measures. Unless otherwise stated, performance references are year-over-year comparisons.

Our remarks today will include forward-looking statements about, among other matters, expected operating and financial results and strategic initiatives. Forward-looking statements may differ materially from actual results and are subject to a number of risks and uncertainties. You should refer to our earnings release for a discussion of these risk factors.

And now over to Frank.

Frank Bisignano

Thank you, Julie. And thank you all for joining us today to discuss the strong ending to a pivotal year at Fiserv. 2022 marked a year of great progress for us with better-than-expected growth against the challenging backdrop. The integration of First Data and Fiserv wrapped up in the first half and we are entering 2023 with a focus on growth and operational excellence to drive quality and productivity to the next level.

We laid out a plan for our merchant segment that includes extending Clover's leadership and are on pace to achieve our 2025 objectives. We won awards for our new enterprise omnichannel solution, Carat, and continue to roll out this unified commerce platform with a leading number of value-added services.