Fiserv, Inc. (FISV)
NASDAQ:FISV
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Fiserv
(NASDAQ:FISV)
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Rating:63Neutral
Price Target:
$51.00
▼(-20.28% Downside)
Action:Reiterated
Date:06/16/26
The score is driven primarily by mixed fundamentals: solid profitability and cash generation are offset by the recent TTM revenue drop, softer margins, weaker free-cash-flow momentum, and higher leverage. Technically, the stock is in a pronounced downtrend despite oversold readings. Valuation is a key offset with a low P/E, while the earnings call supports a cautious recovery narrative (Q2 trough, H2 improvement) but near-term segment weakness remains.
Positive Factors
Diversified recurring revenue model
Fiserv’s revenue comes from multiple recurring streams—merchant acquiring, issuer processing, core banking software and value‑added services—providing durable cash flow. Contractual software/processing fees and high client stickiness limit volatility and support steady revenue over multi‑year horizons.
Negative Factors
Sharp recent revenue decline
A pronounced TTM revenue drop materially weakens scale economics and raises uncertainty about sustainable top‑line growth. Persistent declines compress operating leverage, constrain reinvestment, and heighten execution risk until revenue trends stabilize or new growth drivers scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue model
Fiserv’s revenue comes from multiple recurring streams—merchant acquiring, issuer processing, core banking software and value‑added services—providing durable cash flow. Contractual software/processing fees and high client stickiness limit volatility and support steady revenue over multi‑year horizons.
Read all positive factors
Fiserv Key Performance Indicators (KPIs)
Fiserv (FISV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.68B
Dividend YieldN/A
Average Volume (3M)6.97M
Price to Earnings (P/E)8.0
Beta (1Y)0.53
Revenue Growth1.87%
EPS Growth3.79%
CountryUS
Employees38,000
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.91
Shares Outstanding533,253,970
10 Day Avg. Volume6,356,538
30 Day Avg. Volume6,968,547
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)1.43
Price to Sales (P/S)1.74
P/FCF Ratio8.49
Enterprise Value/Market Cap1.92
Enterprise Value/Revenue2.61
Enterprise Value/Gross Profit4.49
Enterprise Value/Ebitda6.97
Forecast
1Y Price Target
$68.81Price Target Upside7.57% Upside
Rating ConsensusHold
Number of Analyst Covering22
EPS Forecast (FY)8.12
Revenue Forecast (FY)$20.04B
Fiserv Business Overview & Revenue Model
Company Description
Fiserv, Inc. is a global provider of technology solutions for payments and financial services. Its operations are structured into three primary segments: Acceptance, Fintech, and Payments. The Acceptance segment enables businesses to process trans...
How the Company Makes Money
Fiserv primarily makes money by charging recurring and usage-based fees for payment processing and financial-services technology provided to banks/credit unions and merchants. Key revenue streams include: (1) Merchant acquiring and commerce soluti...
Fiserv Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: the company reported modest top‑line declines and meaningful near‑term margin pressure driven by nonrecurring comparables, segment declines (notably Processing and Banking), and continued elevated attrition in core banking. Offsetting these near‑term financial headwinds are clear operational improvements (faster issue resolution, fewer major incidents), strong product traction (Finxact, Clover growth, CommerceHub), strategic partnerships, AI‑led efficiency initiatives (Project Elevate) and disciplined capital actions. Management reiterated modest full‑year revenue growth guidance (1%–3%) and mid‑single‑digit Merchant growth while expecting Financial Solutions to be flat to slightly down, and they emphasized that the second half of 2026 and 2027 should show clearer financial benefits from current investments.Positive Updates
Total Company Revenue and EPS
Q1 adjusted revenue of $4.68B, only -2.4% YoY and in line with guidance; Q1 adjusted EPS of $1.79. Company reaffirmed 2026 adjusted EPS guidance of $8.00–$8.30.
Negative Updates
Organic Revenue Decline and Segment Headwinds
Total company organic revenue down 3.6% in Q1; Merchant organic revenue down 1% and Financial Solutions organic revenue down 6%, reflecting near‑term top‑line pressure.
Read all updates
Q1-2026 Updates
Positive
Negative
Total Company Revenue and EPS
Q1 adjusted revenue of $4.68B, only -2.4% YoY and in line with guidance; Q1 adjusted EPS of $1.79. Company reaffirmed 2026 adjusted EPS guidance of $8.00–$8.30.
Read all positive updates
Company Guidance
The company reiterated full‑year 2026 guidance calling for organic revenue growth of 1%–3% (adjusted revenue growth 1%–3%), with Merchant Solutions growing mid‑single digits and Financial Solutions flat to slightly down, expecting Q2 to be the trough (FS down at the high end of mid‑single digits in Q2); adjusted EPS of $8.00–$8.30 on ~530 million weighted average shares; full‑year adjusted operating margin of ~34% (H1 ~31%–32%, H2 ~35%–36% with Q4 the high point); capital expenditures roughly flat with 2025; free cash flow conversion ~90% of adjusted net income; and year‑end gross debt/adjusted EBITDA ~3.0x (Q1 finished below 3.2x). For context, Q1 results that informed the outlook included adjusted revenue $4.68B (‑2.4% YoY), adjusted operating income $1.4B (29.7% margin), organic revenue down 3.6%, adjusted EPS $1.79 (Q1 adjusted tax rate 11% with full‑year guidance 19%–19.5%), free cash flow $259M, and 3.3 million shares repurchased for ≈$200M.Fiserv Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.09B | 21.19B | 20.46B | 19.09B | 17.74B | 16.23B |
| Gross Profit | 12.25B | 12.58B | 12.44B | 11.42B | 9.74B | 8.10B |
| EBITDA | 7.90B | 8.96B | 8.84B | 8.02B | 6.83B | 5.56B |
| Net Income | 3.20B | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 80.55B | 80.13B | 77.18B | 90.89B | 83.87B | 76.25B |
| Cash, Cash Equivalents and Short-Term Investments | 829.00M | 798.00M | 1.24B | 1.20B | 902.00M | 835.00M |
| Total Debt | 29.31B | 29.12B | 24.96B | 23.24B | 21.54B | 21.24B |
| Total Liabilities | 54.33B | 54.32B | 49.49B | 60.22B | 52.18B | 44.30B |
| Stockholders Equity | 26.20B | 25.79B | 27.07B | 29.86B | 30.83B | 30.95B |
Cash Flow | ||||||
| Free Cash Flow | 4.16B | 4.34B | 5.06B | 3.77B | 3.14B | 2.87B |
| Operating Cash Flow | 6.04B | 6.10B | 6.63B | 5.16B | 4.62B | 4.03B |
| Investing Cash Flow | -1.82B | -3.00B | -2.40B | -1.07B | -2.11B | -1.63B |
| Financing Cash Flow | -5.38B | -3.40B | -4.17B | -4.36B | -2.48B | -761.00M |
Fiserv Technical Analysis
Negative
63.97
Price Trends
57.39
Negative
58.81
Negative
75.90
Negative
Market Momentum
-1.54
Positive
31.11
Neutral
18.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FISV, the sentiment is Negative. The current price of 63.97 is above the 20-day moving average (MA) of 55.09, above the 50-day MA of 57.39, and below the 200-day MA of 75.90, indicating a bearish trend. The MACD of -1.54 indicates Positive momentum. The RSI at 31.11 is Neutral, neither overbought nor oversold. The STOCH value of 18.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FISV.
Fiserv Risk Analysis
Fiserv disclosed 36 risk factors in its most recent earnings report. Fiserv reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fiserv Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $9.11B | 18.07 | 24.03% | 1.25% | 8.44% | 21.74% | |
76 Outperform | $16.76B | 15.09 | 40.06% | 1.63% | 8.19% | 40.01% | |
75 Outperform | $24.72B | 10.88 | 14.79% | 1.46% | 6.55% | -3.10% | |
73 Outperform | $47.87B | 14.45 | 31.77% | 2.58% | 4.85% | 6.19% | |
66 Neutral | $19.97B | 14.40 | 15.03% | 2.78% | -0.55% | -3.97% | |
63 Neutral | $28.68B | 8.02 | 12.51% | ― | 1.87% | 3.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FISV
Fiserv
49.83
-113.61
-69.51%
BR
Broadridge Financial Solutions
143.88
-90.07
-38.50%
CTSH
Cognizant
51.05
-27.01
-34.60%
INFY
Infosys
11.97
-6.13
-33.87%
JKHY
Jack Henry & Associates
129.29
-48.35
-27.22%
WIT
Wipro
2.37
-0.53
-18.28%
Fiserv Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Fiserv Announces Cash Tender Offers for Senior Notes
Positive
Jun 16, 2026
On June 16, 2026, Fiserv, Inc. launched cash tender offers for any and all of its outstanding 5.150% Senior Notes due 2027 and 4.400% Senior Notes due 2049, covering $750 million and $2 billion in principal, respectively. The consideration for eac...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Fiserv Promotes Takis Georgakopoulos to Chief Executive Officer
Positive
Jun 15, 2026
On June 12, 2026, Michael P. Lyons resigned as chief executive officer and director of Fiserv, Inc., with the company stressing his departure was not due to disagreements and limiting his payout to accrued salary without severance or accelerated e...
Executive/Board ChangesShareholder Meetings
Fiserv Shareholders Back Board, Pay and Governance Status Quo
Neutral
May 22, 2026
At its annual meeting of shareholders held on May 21, 2026, Fiserv investors elected eleven directors to serve until the next annual meeting, signaling continued support for the company’s existing board composition. Shareholders also approve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.