Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly financial data for 2020 and 2019 was as follows:



(In millions, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
2020
Total revenue	$	3,769	$	3,465	$	3,786	$	3,832	$	14,852
Cost of processing and services	1,635		1,466		1,387		1,353		5,841
Cost of product	532		454		481		504		1,971
Selling, general and administrative expenses	1,404		1,377		1,412		1,459		5,652
(Gain) loss on sale of businesses	(431)		3		(36)		—		(464)
Total expenses	3,140		3,300		3,244		3,316		13,000
Operating income	629		165		542		516		1,852
Net income	377		9		276		313		975
Net income attributable to Fiserv, Inc.	392		2		264		300		958
Comprehensive (loss) income attributable to Fiserv, Inc.	(239)		169		77		744		751
Net income attributable to Fiserv, Inc. per share: (1)
Basic	$	0.58	$	—	$	0.39	$	0.45	$	1.42
Diluted	$	0.57	$	—	$	0.39	$	0.44	$	1.40

2019 (2)
Total revenue	$	1,502	$	1,512	$	3,128	$	4,045	$	10,187
Cost of processing and services	624		617		1,204		1,571		4,016
Cost of product	174		168		413		538		1,293
Selling, general and administrative expenses	341		343		1,137		1,463		3,284
Gain on sale of businesses	(10)		—		—		(5)		(15)
Total expenses	1,129		1,128		2,754		3,567		8,578
Operating income	373		384		374		478		1,609
Net income	225		223		225		241		914
Net income attributable to Fiserv, Inc.	225		223		198		247		893
Comprehensive income attributable to Fiserv, Inc.	207		115		12		446		780
Net income attributable to Fiserv, Inc. per share: (1)
Basic	$	0.58	$	0.57	$	0.34	$	0.36	$	1.74
Diluted	$	0.56	$	0.56	$	0.33	$	0.36	$	1.71

(1)Net income attributable to Fiserv, Inc. per share in each period is calculated using actual, unrounded amounts.

(2)Includes the results of First Data from July 29, 2019, the date of acquisition.