First Data posted 3Q/15 revenue of $2.9 billion, up 5% year-on-year (YOY). Segment revenue, which modifies consolidated revenue for pass-through items and other impacts, was $1.8 billion for the quarter, up 4% YOY, or up 7% excluding currency impacts.
For the third quarter, the net loss attributable to First Data was $126 million, a $109 million improvement from the $235 million loss in the prior year period.
4Q/13: $2.8 billion
1Q/14: $2.6 billion
2Q/14: $2.8 billion
3Q/14: $2.8 billion
4Q/14: $2.9 billion
1Q/15: $2.7 billion
2Q/15: $2.9 billion
3Q/15: $2.9 billion
Source: First Data
Global Business Solutions (GBS) provides retail point-of-sale merchant acquiring and eCommerce services. Segment revenue for 3Q/15 was $1.0 billion, up 2% versus the prior year period, or up 6% on a constant currency basis.
Global Financial Solutions (GFS) provides credit and retail private-label card processing, output services and next-generation offerings. Segment revenue for 3Q/15 was $391 million, up 3% versus the prior year period, or up 9% on a constant currency basis.
Network & Security Solutions (NSS) provides a wide range of network services such as Electronic Funds Transfer (EFT) Network Solutions, Stored Value Network Solutions, and Security and Fraud Management Solutions. Segment revenue for 3Q/15 was $374 million, up 9% versus the prior year period. Revenue growth in the quarter was primarily driven by transaction growth in EFT Network Solutions, growth in merchant security solutions and increased stored value volume.
For data, background and forecasts on First Data: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
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