Q2 Financial Outcomes for 2022
Fiserv, a leading global provider of financial services technology solutions, reported robust financial results for the second quarter and the first half of 2025. The company's financial performance demonstrated solid revenue and earnings growth, improved operating margins, and significant organic expansion.
Key highlights include a 7% increase in GAAP revenue to $10.65 billion for the first six months of 2025, compared to the prior year period. Adjusted revenue grew 8% to $5.20 billion in the second quarter and 7% to $9.98 billion in the first six months. Organic revenue growth was 8% in both the second quarter and the first six months, driven by a 9% increase in the Merchant Solutions segment and a 7%/6% growth in the Financial Solutions segment.
Adjusted earnings per share increased 16% to $2.47 in Q2 and 15% to $4.61 for the first six months. Adjusted operating margin rose 120 basis points to 39.6% in Q2 and 150 basis points to 38.7% in the first half of 2025, reflecting improved profitability. The Merchant Solutions segment had adjusted operating margins of 34.6% in Q2 2025, compared to 36.6% in 2024, while the Financial Solutions segment showed margins of 48.7% in Q2 2025 versus 45.9% in 2024, indicating operational leverage improvements in Financial Solutions.
These growth figures indicate that Fiserv is prioritizing its Merchant Solutions and Financial Solutions segments, with strategic emphasis on expanding its merchant services and financial technology offerings. The consistent margin increase and focus on organic growth suggest a strategy aimed at scalable profitability and market expansion within these core segments.
Meanwhile, Adecco Group, a global leader in Human Resource solutions, also demonstrated strong growth. LHH Recruitment Solutions and Akkodis, two of Adecco's divisions, showed increases of 12% and 14% respectively. June exit rate was 4%, and July volumes are modestly above Q2 levels. Gross profit increased by 7% organically year-over-year, with Permanent Placement fees increasing by 38%.
Denis Machuel, the group CEO, expressed that the company made progress in several important areas, including the Akkodis integration, market share performance, and strong performance in LHH Recruitment Solutions and digital ventures. However, he also acknowledged the need for further performance improvement to reach the company's full potential.
The company implemented an investment plan with agility, leading to a 400 basis points improvement in relative revenue growth sequentially. Adecco secured €20 million in synergies for 2022, anticipating a year-end run-rate of +€40 million from the acquisition of AKKA. The APAC region showed a strong performance with a 14% increase. The EBITA margin excluding one-offs is 3.5%, as anticipated. Gross margin stands at 21.1%, an increase of 100 basis points, driven by portfolio shift, positive mix, and pricing.
For further inquiries, investors can contact Adecco's investor relations at [email protected] or +41 (0)44 878 88 88. The press office can be reached at [email protected] or +41 (0)44 878 87 87.
Fiserv, with its focus on expanding its merchant services and financial technology offerings, is considering permanent placement of financial experts to bolster its business operations, looking to invest in long-term growth and profitability in its core segments. Adecco Group, on the other hand, has shown significant increase in Permanent Placement fees, indicating a successful recruitment strategy that could potentially be applied to further enhance its human resource solutions division.
