Fiserv (FI) 8-K Other Events

Exhibit 12

Fiserv, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

	Three Months Ended March 31,		Year Ended December 31,
	2015		2014		2013		2012		2011		2010
Earnings calculation:
Income from continuing operations before income taxes and income from investment in unconsolidated affiliate	$	274	$	1,047	$	898	$	881	$	723	$	786
Interest on indebtedness		41		164		164		174		188		198
Estimated interest component of rental expense		9		36		35		37		38		37
Total adjusted earnings	$	324	$	1,247	$	1,097	$	1,092	$	949	$	1,021
Fixed charges:
Interest on indebtedness	$	41	$	164	$	164	$	174	$	188	$	198
Estimated interest component of rental expense		9		36		35		37		38		37
Total fixed charges	$	50	$	200	$	199	$	211	$	226	$	235
Ratio of earnings to fixed charges		6.5		6.2		5.5		5.2		4.2		4.3

Note: Interest component of rental expense estimated to be 1/3 of rental expense.