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Fiserv
(NASDAQ:FISV)
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Rating:62Neutral
Price Target:
$57.00
▲(11.72% Upside)
Action:Reiterated
Date:06/24/26
The score is most constrained by weakening recent financial trends (sharp TTM revenue decline, margin compression, weaker FCF momentum) and strongly bearish technicals (price below all key moving averages with negative MACD). Offsetting these are an attractive low P/E valuation and a balanced earnings outlook that reiterates modest growth with expected H2 margin recovery, though execution risk remains elevated.
Positive Factors
Strong product platforms (Clover, Finxact, CommerceHub)
Fiserv's expanding platform portfolio demonstrates durable, recurring revenue levers: Clover drives merchant GPV and value‑added services, Finxact accelerates modern core wins and account growth, and CommerceHub shows rapid transaction gains. Together they deepen client stickiness and cross‑sell potential, supporting sustainable revenue mix improvements and higher‑margin service uptake over the next several quarters.
Negative Factors
Sharp TTM revenue decline and margin compression
A pronounced TTM revenue drop coupled with meaningful EBITDA margin erosion reflects structural headwinds beyond seasonality. Lapping of prior nonrecurring revenue and segment downturns can depress top‑line visibility and profit leverage for multiple quarters, making margin recovery contingent on sustained execution and product mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong product platforms (Clover, Finxact, CommerceHub)
Fiserv's expanding platform portfolio demonstrates durable, recurring revenue levers: Clover drives merchant GPV and value‑added services, Finxact accelerates modern core wins and account growth, and CommerceHub shows rapid transaction gains. Together they deepen client stickiness and cross‑sell potential, supporting sustainable revenue mix improvements and higher‑margin service uptake over the next several quarters.
Read all positive factors
Fiserv Key Performance Indicators (KPIs)
Fiserv (FISV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.76B
Dividend YieldN/A
Average Volume (3M)8.24M
Price to Earnings (P/E)9.1
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. Volume5,849,879
30 Day Avg. Volume8,240,533
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$65.44Price Target Upside28.27% Upside
Rating ConsensusHold
Number of Analyst Covering23
EPS Forecast (FY)8.11
Revenue Forecast (FY)$20.03B
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:Aug 06, 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
Positive
51.02
Price Trends
52.17
Positive
55.06
Negative
62.68
Negative
Market Momentum
0.71
Negative
57.91
Neutral
70.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FISV, the sentiment is Positive. The current price of 51.02 is below the 20-day moving average (MA) of 51.84, below the 50-day MA of 52.17, and below the 200-day MA of 62.68, indicating a neutral trend. The MACD of 0.71 indicates Negative momentum. The RSI at 57.91 is Neutral, neither overbought nor oversold. The STOCH value of 70.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $17.81B | 16.34 | 40.06% | 2.62% | 8.19% | 40.01% | |
77 Outperform | $10.94B | 21.51 | 24.03% | 1.58% | 8.44% | 21.74% | |
76 Outperform | $24.93B | 11.88 | 14.94% | 2.82% | 5.64% | -5.39% | |
75 Outperform | $48.17B | 14.45 | 33.03% | 4.71% | -0.64% | 5.69% | |
65 Neutral | $19.08B | 14.54 | 15.58% | 1.11% | -0.12% | -7.87% | |
62 Neutral | $28.76B | 9.13 | 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
54.35
-81.80
-60.08%
BR
Broadridge Financial Solutions
157.34
-86.11
-35.37%
CTSH
Cognizant
55.17
-14.61
-20.94%
INFY
Infosys
12.25
-3.73
-23.34%
JKHY
Jack Henry & Associates
156.53
-11.41
-6.79%
WIT
Wipro
2.05
-0.53
-20.67%
Fiserv Corporate Events
Business Operations and StrategyExecutive/Board Changes
Fiserv Announces Leadership Transition in Financial Solutions Business
Neutral
Jul 7, 2026
On July 7, 2026, Fiserv President Dhivya Suryadevara resigned for “good reason,” with her departure from the president role effective the same day and her continued employment in a non-executive capacity through July 31, 2026 to suppor...
Private Placements and Financing
Fiserv Completes €1 Billion Eurobond Senior Notes Offering
Positive
Jun 23, 2026
On June 23, 2026, Fiserv, Inc. completed a public eurobond offering totaling €1 billion, issuing €500 million of 3.750% Senior Notes due 2030 and €500 million of 4.250% Senior Notes due 2034, under its long-standing indenture str...
Private Placements and Financing
Fiserv Announces €1 Billion Senior Notes Offering
Positive
Jun 17, 2026
On June 16, 2026, Fiserv, Inc. entered into an underwriting agreement with a syndicate of major international banks to issue €500 million of 3.750% Senior Notes due 2030 and €500 million of 4.250% Senior Notes due 2034 in a registered ...
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.