Fiserv (NASDAQ:FISV) Releases Earnings Results, Misses Expectations By $0.07 EPS

Fiserv (NASDAQ:FISV) released its earnings results on Thursday. The business services provider reported $1.84 earnings per share 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%. The firm’s quarterly revenue 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 Stock Performance

Shares of NASDAQ FISV remained flat at $54.11 on Thursday. 19,664,673 shares of the stock were exchanged, compared to its average volume of 7,895,152. 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. Fiserv has a one year low of $47.04 and a one year high of $140.42. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $51.89 and its 200 day moving average is $56.88.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FISV shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price objective (down from $70.00) on shares of Fiserv in a research report on Thursday, July 9th. Wells Fargo & Company set a $56.00 target price on Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a report on Friday, June 5th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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 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 Activity

In related news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of 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 available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Large investors have recently modified their holdings of the company. WFA of San Diego LLC purchased a new stake in Fiserv during the second quarter worth approximately $55,000. Tripletail Wealth Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. Miller Capital Partners Inc. acquired a new stake in Fiserv in the fourth quarter valued at $32,000. Triumph Capital Management bought a new stake in shares of Fiserv in the 4th quarter worth about $35,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $43,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.