Fiserv (NASDAQ:FISV) Announces Quarterly Earnings Results

Fiserv (NASDAQ:FISV) issued its earnings results on Tuesday. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09, FiscalAI reports. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Fiserv updated its FY 2026 guidance to 8.000-8.300 EPS.

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

• Q4 adjusted revenue was $4.9 billion (flat) with adjusted operating income of $1.7 billion (34.9% margin); full-year revenue was $19.8 billion (+4%) and adjusted EPS was $8.64, while 2026 guidance calls for organic revenue growth of 1%–3% and adjusted EPS of $8.00–$8.30.
• Management says it is executing the One Fiserv plan — adding senior talent, investing in client-first service, AI-enabled product upgrades, and platform resiliency (on track by mid-2026) — and will provide more detail at an investor day on May 14.
• Clover momentum continued: Clover revenue finished 2025 at $3.3 billion (+23%), value‑added services now ~27% of Clover revenue, international launches and partnerships (ADP, Homebase, SMCC, TD) expanded distribution, and management expects GPV +10%–15% in 2026 (ex gateway conversion) with medium‑term revenue growth target of 15%–20%.
• Financial Solutions underperformed in Q4 with organic and adjusted revenue down ~2% and adjusted operating margin falling to 42.2% (from 51.7%) due to incremental vendor and headcount investments to improve client experience, with management warning of first‑half 2026 headwinds before stabilization.
• Cash generation and disciplined capital allocation remain strong: 2025 free cash flow was $4.44 billion (≈93% conversion), the company repurchased ~$200M of stock, paid down >$1B of debt, finished the year at ~3x leverage with a target of 2.5x–3x, and completed the StoneCastle acquisition to add stablecoin custody and new merchant cash management capabilities.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $62.06 on Thursday. Fiserv has a one year low of $57.79 and a one year high of $238.59. The firm has a market cap of $33.74 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The firm’s 50 day simple moving average is $66.07 and its 200-day simple moving average is $96.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.03.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Fiserv to a “hold” rating in a report on Tuesday, January 27th. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a report on Thursday, October 30th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $91.00 price target on shares of Fiserv in a research report on Thursday, October 30th. Finally, UBS Group decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.97.

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $3,507,063,000. Geode Capital Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $854,215,000. Norges Bank purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $555,964,000. Capital World Investors raised its stake in shares of Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Fiserv during the fourth quarter worth $250,877,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Q4 EPS beat and upbeat market reaction — Fiserv reported adjusted Q4 EPS above Street estimates and management framed results as evidence the OneFiserv restructuring is stabilizing the business, which has lifted investor sentiment. Why Fiserv Stock Is Racing Higher Today
• Positive Sentiment: Strategic pivot / FY26 outlook — Management presented a “transition year” narrative and set FY2026 EPS guidance (range), emphasizing product modernization (OneFiserv) and cost discipline; that cautious but constructive outlook helped lift the stock. Why Fiserv (FISV) Is Up 7.7% After Q4 Beat And 2026 Cautious Outlook Pivot
• Positive Sentiment: Short-interest profile improved vs mid‑January — Short interest fell from ~20.1M to ~16.74M shares (about 3.1% of float, ~2 days to cover on avg. volume), removing some near‑term short-pressure. (data reported 2/10)
• Neutral Sentiment: Mixed top-line and pocketed weakness — Revenue metrics were mixed across segments (merchant/financial solutions); some outlets report modest revenue growth while others show year‑over‑year declines, leaving investors focused on whether core growth accelerates. Fiserv Sees Restaurant and Retail Softness as Revenues Climb 4%
• Neutral Sentiment: Earnings-call detail / transition commentary — The Q4 earnings call reiterated execution progress but emphasized a transition year and near-term headwinds (consumer spending mix, platform migrations), which makes medium-term visibility the key watch item. Fiserv Inc (FISV) Q4 2025 Earnings Call Highlights
• Negative Sentiment: Analysts trimming targets / neutral ratings — UBS and Stephens cut price targets to $70 (neutral/equal weight) and B. Riley trimmed its target to $72/reaffirmed neutral, signalling caution from the sell‑side and capping upside. FISV: Fiserv price target lowered by UBS
• Negative Sentiment: Strategic/legal headwinds flagged — Coverage noted that the turnaround is weighed by Fiserv’s push around ServiceNow/AI initiatives and ongoing investor lawsuits, which raise execution and litigation risk for the recovery thesis. Fiserv Turnaround Weighed By ServiceNow AI Push And Investor Lawsuits
• Negative Sentiment: Notable institutional selling — Reports show Matrix Asset Management sold Fiserv after an unexpected miss in a prior period, signaling some institutional skepticism and potential additional selling pressure. Matrix Asset Management Sold Fiserv (FISV)

About Fiserv

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.