What trends are visible in FI's quarterly earnings?

Fiserv's net income has shown a seasonal pattern with fluctuations due to economic factors and business cycles. Here are the key trends observed in the recent three years: 1. **Growth Trend**: The net income has generally increased over the past three years, from $695 million in Q1 2023 to $969 million in Q3 2023. 2. **Seasonal Variations**: There is a noticeable seasonal pattern with higher earnings in the third quarter and a decline in the first quarter. This could be due to factors such as increased business activity in the summer months or one-time expenses in the winter months. 3. **Economic Sensitivity**: The net income has been affected by economic conditions, with a decrease in Q4 2023 compared to Q3 2023, which may indicate a slowdown in the economy or specific industry challenges. 4. **Stability**: Despite the seasonal fluctuations, the company has maintained a relatively stable net income trend, which is a positive sign for its financial health and ability to generate consistent returns for investors. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |FI|FI.N|Fiserv|2022 Q1|114.46540880503144|6.82E8|169| |FI|FI.N|Fiserv|2022 Q2|114.43661971830986|6.09E8|169| |FI|FI.N|Fiserv|2022 Q3|10.538116591928251|4.93E8|169| |FI|FI.N|Fiserv|2022 Q4|124.78873239436619|7.98E8|169| |FI|FI.N|Fiserv|2023 Q1|-15.542521994134898|5.76E8|169| |FI|FI.N|Fiserv|2023 Q2|14.12151067323481|6.95E8|169| |FI|FI.N|Fiserv|2023 Q3|96.55172413793103|9.69E8|169| |FI|FI.N|Fiserv|2023 Q4|11.403508771929824|8.89E8|169| |FI|FI.N|Fiserv|2024 Q1|30.555555555555557|7.52E8|169| |FI|FI.N|Fiserv|2024 Q2|30.79136690647482|9.09E8|169|