Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly financial data for 2019 and 2018 was as follows:



(In millions, except per share data)	First Quarter			Second Quarter		Third Quarter		Fourth Quarter			Full Year
2019⁽¹⁾
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
Income from continuing operations	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 - continuing operations: ⁽²⁾
Basic	$	0.58		$	0.57	$	0.34	$	0.36		$	1.74
Diluted	$	0.56		$	0.56	$	0.33	$	0.36		$	1.71

2018
Total revenue	$	1,440		$	1,420	$	1,412	$	1,551		$	5,823
Cost of processing and services	568			560		568		628			2,324
Cost of product	191			179		181		194			745
Selling, general and administrative expenses	305			320		305		298			1,228
(Gain) loss on sale of businesses	(232		)	3		2		—			(227		)
Total expenses	832			1,062		1,056		1,120			4,070
Operating income	608			358		356		431			1,753
Income from continuing operations	423			251		227		286			1,187
Net income attributable to Fiserv, Inc.	423			251		227		286			1,187
Comprehensive income attributable to Fiserv, Inc.	421			241		214		298			1,174
Net income attributable to Fiserv, Inc. per share - continuing operations: ⁽²⁾
Basic	$	1.02		$	0.61	$	0.56	$	0.72		$	2.93
Diluted	$	1.00		$	0.60	$	0.55	$	0.71		$	2.87


⁽¹⁾	Includes the results of First Data from July 29, 2019, the date of acquisition.

⁽²⁾

Net income attributable to Fiserv, Inc. per share - continuing operations in each period is calculated using actual, unrounded amounts.