What caused FI's Q3 earnings to exceed forecasts?

Fiserv's Q3 earnings exceeded forecasts due to several key factors:

1. **Organic Revenue Growth**: Fiserv has seen a strong organic revenue growth, driven by increases in both Merchant Solutions and Financial Solutions. This growth is a result of strategic initiatives and the expansion of existing client relationships.
2. **New Business Wins**: The company has reported new business wins, which have contributed to the growth in revenue and earnings.
3. **Efficient Operations**: Fiserv's efficient operations have enabled the company to manage costs effectively, which has positively impacted its net margin and return on equity.
4. **Technological Innovation**: Fiserv's focus on technological innovation has positioned it well to capitalize on the growing demand for digital payment solutions, which has been a key growth driver.

In summary, Fiserv's Q3 earnings exceeded forecasts due to strong organic revenue growth, new business wins, efficient operations, and technological innovation. These factors have collectively contributed to the company's robust financial performance.