Fiserv (NASDAQ:FISV) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Fiserv (NASDAQ:FISV) posted 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 for the quarter 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 Stock Performance

Shares of NASDAQ:FISV remained flat at $54.11 during mid-day trading on Thursday. 19,606,180 shares of the company were exchanged, compared to its average volume of 7,895,143. The stock has a fifty day moving average of $51.89 and a 200 day moving average of $56.88. Fiserv has a 1-year low of $47.04 and a 1-year high of $140.42. The company has a market cap of $28.85 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.56 and a beta of 0.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

Trending Headlines about 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

In other news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC raised its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. Schnieders Capital Management LLC. raised its holdings in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares during the period. Jump Financial LLC bought a new position in Fiserv in the second quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of a number of research reports. Truist Financial cut their target price 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. Mizuho dropped their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Loop Capital reduced their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Six 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.