Fiserv (NASDAQ:FISV) Releases Quarterly Earnings Results

Fiserv (NASDAQ:FISV) released its quarterly earnings results 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s revenue was down 4.1% on a year-over-year basis.

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

FISV stock remained flat at $54.11 during trading hours on Thursday. 19,606,180 shares of the company’s stock were exchanged, compared to its average volume of 7,895,143. The company’s fifty day moving average is $51.89 and its 200-day moving average is $56.88. Fiserv has a 12-month low of $47.04 and a 12-month high of $140.42. The company has a market capitalization of $28.85 billion, a PE ratio of 9.17, a PEG ratio of 1.56 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Key Stories Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv partnered with Stuut Technologies to bring agentic artificial intelligence to enterprise accounts-receivable workflows, potentially expanding its Commerce Hub and SnapPay offerings and improving long-term growth opportunities. Fiserv and Stuut Partner to Bring Agentic AI to Enterprise Receivables
• Positive Sentiment: UW Credit Union selected Fiserv’s DNA core-processing platform, extending the company’s relationship with a major credit union and supporting its financial-solutions pipeline. UW Credit Union Selects DNA from Fiserv
• Neutral Sentiment: MoneyPass Group began operating as an independent company following the close of a previously announced joint venture involving Fiserv. The transaction could sharpen the network’s strategic focus, although its 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 $1.89-$1.91 and down from $2.47 a year earlier. Revenue fell about 4% year over year to approximately $5.29 billion, while margin pressure further weakened 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 growth from its prior forecast of 1%-3% growth. Delayed client projects, weaker Argentine conditions and softer hardware sales were cited as headwinds. Fiserv’s New CEO Resets Guidance
• Negative Sentiment: Weakness affected both major segments, with Merchant Solutions revenue slipping and Financial Solutions revenue declining more sharply. The reset also raises concerns about execution under new CEO Takis Georgakopoulos and reinforces investor focus on leadership turnover and activist pressure. Fiserv Falls as Q2 Weakness Triggers Forecast Cut

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade 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 is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC increased its position in shares of Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after acquiring an additional 98 shares during the period. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the period. SkyView Investment Advisors LLC grew its stake in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after purchasing an additional 198 shares in the last quarter. WFA of San Diego LLC acquired a new position in Fiserv during the 2nd quarter worth $55,000. Finally, Hilton Capital Management LLC increased its holdings in Fiserv by 7.1% during the 2nd quarter. Hilton Capital Management LLC now owns 5,145 shares of the business services provider’s stock worth $887,000 after purchasing an additional 340 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of several research reports. Loop Capital cut their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Barclays assumed coverage on shares of Fiserv in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price target for the company. Truist Financial cut their price objective on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. B. Riley Financial reduced their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.57.

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.