- Adjusted operating margin expanded to 39.6% in Q2, up 120 basis points from prior year.
- Financial Solutions segment grew 7% organically in Q2, led by issuing and digital payments growth.
- Fiserv delivered 8% adjusted and organic revenue growth in Q2 2025, with 16% adjusted EPS growth year-over-year.
- Free cash flow was $1.2 billion in Q2 and $1.5 billion for the first half of 2025, with an expected full year of approximately $5.5 billion.
- Merchant Solutions operating margin declined 200 basis points to 34.6% due to investments and acquisitions, while Financial Solutions margin expanded to 48.7%.
- Merchant Solutions segment grew 9% organically in Q2, with 10% adjusted revenue growth, driven by Clover and Commerce Hub.
- Share repurchases totaled $2.2 billion in Q2, with guidance increased to approximately 130% of free cash flow for 2025.
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- Adjusted EBITDA was $64 million, representing a 16% margin and $18 million above the midpoint of guidance.
- GAAP net income was $6.5 million, a significant improvement from a $12.1 million net loss in Q2 2024.
- Marketing spend was $79.8 million, up 10.4% year-over-year but declined as a percentage of revenue to 19.4%.
- Quarterly active customers increased 24% year-over-year to over 8.5 million.
- Remitly reported Q2 2025 revenue of $411.9 million, up 34% year-over-year, exceeding guidance by $28 million.
- Send volume grew 40% to $18.5 billion, with send volume per active customer increasing a record 12% year-over-year.
- Stock-based compensation was $38.1 million, 9.2% of revenue, down 288 basis points from prior year.
- Technology and development expenses grew 15% year-over-year but improved as a percentage of revenue.
- Transaction expenses were $143.8 million or 34.9% of revenue, with provision for transaction losses at $28 million due to a fraud incident.
- Earnings per share (EPS) for the quarter was $1.76, a 21% increase from the prior quarter.
- Net interest income increased by $6.7 million or about 10% quarter over quarter, driven by loan growth and lower funding costs.
- Net interest margin (NIM) expanded by 15 basis points to 3.83%, marking the seventh consecutive quarter of margin expansion.
- Non-interest expenses were flat at $43.1 million with some offsetting movements in payroll taxes, professional fees, IT project costs, licensing, and other expenses.
- Non-interest expense was flat at $43.1 million, with some offsetting movements in compensation, professional fees, IT project costs, licensing, and other expenses.
- Non-interest income declined by $1 million primarily due to a one-time income recognition in the prior quarter.
- Provision expense increased to $6.4 million due to loan growth, macroeconomic factors, and a $2.4 million reserve for a single non-performing loan.
- Second quarter loans increased by $271 million or 4.3%, and core deposits rose by $342 million or 5.3%.
- Tangible book value per share increased by more than 4% to $68.44, the tenth consecutive quarter of book value accretion.
- Total revenue grew 8% quarter over quarter to $76.2 million, and net income rose more than 15% to $18.8 million.
- Total revenue grew 8% quarter over quarter to $76.2 million, with net income rising over 15% to $18.8 million.
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