First Data Q2 profit falls 16%

Results included $0.04 of Concord integration expenses as well as $0.02 of other charges. Revenue grew 3% to $2.6 billion and operating margin was 21.5%.

During the quarter, 7.9 million shares were repurchased for $304 million at an average price of $38.47, leaving an authorized $1.6 billion in the company's buyback program.

"We continue to deliver on our strategy to process any payment, from any device, at any time, to any account. We generated strong results in the second quarter, and with the Concord integration activities almost behind us, we are very excited about the rest of the year," said Charlie Fote, chairman and chief executive officer.