Fiserv (NASDAQ:FISV) Posts Earnings Results

Fiserv (NASDAQ:FISV) posted its quarterly earnings data on Thursday. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07), Briefing.com reports. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business’s revenue for the quarter was down 4.1% compared to the same quarter last year.

Here are the key takeaways from Fiserv’s conference call:

• Fiserv lowered its 2026 outlook, now expecting organic revenue growth of -1% to flat, adjusted operating margins of 31%-31.5%, and adjusted EPS of $7.20-$7.40. The revision reflects Argentina-related weakness, delayed client implementations and enterprise ramps, slower growth initiatives, hardware headwinds, divestitures, and incremental technology spending.
• Clover’s underlying momentum remained solid, with GPV growth of 9% reported and 11% excluding a gateway conversion, while revenue grew 13% excluding attrition and non-recurring items. Management maintained its medium-term outlook for 10%-15% GPV growth and 15%-20% revenue growth.
• Second-quarter results showed pressure across the business, with total adjusted revenue down 4%, Merchant Solutions operating income down 14%, and Financial Solutions operating income down 27%. Financial Solutions revenue declined 8%, primarily because of unfavorable comparisons to higher non-recurring revenue in the prior year.
• Fiserv generated $1.1 billion of second-quarter free cash flow, repurchased approximately $100 million of stock, and expects roughly 90% free-cash-flow conversion for 2026. Proceeds from planned divestitures are expected to support a combination of shareholder returns and debt reduction.
• New CEO Takis Georgakopoulos is conducting a broad portfolio review to assess whether each product is best-in-class and strategically defensible, potentially leading to additional divestitures or alternative ownership structures. The company is also investing more than $100 million in the second half to improve Financial Solutions’ infrastructure, resiliency, and cybersecurity while targeting at least $500 million of Project Elevate savings.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $54.11 on Friday. Fiserv has a 12-month low of $47.04 and a 12-month high of $140.42. The company has a market cap of $28.85 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.52 and a beta of 0.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average price of $51.85 and a 200 day moving average price of $56.79.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in FISV. Brighton Jones LLC lifted its stake in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Summit Securities Group LLC bought a new position in shares of Fiserv in the 4th quarter worth about $54,000. Finally, DV Equities LLC bought a new position in shares of Fiserv in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FISV shares. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial dropped their price objective on Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a report on Friday, July 24th. TD Cowen cut their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $60.00 price target (down from $70.00) on shares of Fiserv in a research report on Thursday, July 9th. Finally, Mizuho reduced their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.57.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv partnered with Stuut Technologies to bring agentic AI to enterprise accounts receivable. The initiative combines Fiserv’s Commerce Hub and SnapPay with Stuut’s automation technology and could support longer-term growth in B2B payments and working-capital solutions. Fiserv and Stuut Partner to Bring Agentic AI to Enterprise Receivables
• Positive Sentiment: UW Credit Union selected Fiserv’s DNA core-processing platform, expanding an existing relationship and providing a new customer win for Fiserv’s Financial Solutions business. UW Credit Union Selects DNA from Fiserv
• Neutral Sentiment: MoneyPass Group began operating as an independent network and cash-infrastructure company after the close of its joint venture involving Fiserv. The transaction clarifies the business structure, but the near-term financial effect was not specified. MoneyPass Group Launches as an Independent Network
• Negative Sentiment: Fiserv reported second-quarter adjusted EPS of $1.84, below estimates near $1.90-$1.91 and down from $2.47 a year earlier. Revenue was also below expectations and declined year over year, while margin pressure weighed on profitability. FISV Q2 Earnings Miss Estimates
• Negative Sentiment: Management cut 2026 adjusted EPS guidance to $7.20-$7.40 from $8.00-$8.30 and revised organic revenue expectations to a 1% decline to flat, versus prior growth of 1%-3%. Delayed client projects, weaker Argentine conditions, softer hardware sales and higher technology investment were cited as key factors. Fiserv’s New CEO Resets Guidance as Headwinds Hit Growth

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.