Fiserv (FISV)
NASDAQ:FISV
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Fiserv
(NASDAQ:FISV)
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Rating:69Neutral
Price Target:
$69.00
▲(7.86% Upside)
Action:ReiteratedDate:05/05/26
The score is driven primarily by strong financial performance (revenue growth and free cash flow strength), tempered by elevated leverage and near-term operating pressure discussed on the earnings call. Valuation is supportive with a low P/E, while technicals are mixed given improvement versus short-term averages but weakness versus the 200-day trend.
Positive Factors
Free Cash Flow Strength
Fiserv's sustained, large free cash flow (≈$6.1B in 2025) underpins durable financial flexibility: it funds organic investment, share repurchases and transformation programs while enabling debt paydown or strategic M&A. Strong cash conversion supports multi-year execution of One Fiserv and capital returns.
Negative Factors
Rising Leverage
Debt rising to ~$29B pushes leverage higher and reduces financial flexibility if growth or margins disappoint. Higher gross debt increases refinancing and interest rate exposure, constraining capital allocation options and amplifying execution risk over the next several quarters if free cash flow eases or costs persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Fiserv's sustained, large free cash flow (≈$6.1B in 2025) underpins durable financial flexibility: it funds organic investment, share repurchases and transformation programs while enabling debt paydown or strategic M&A. Strong cash conversion supports multi-year execution of One Fiserv and capital returns.
Read all positive factors
Fiserv (FISV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.59B
Dividend YieldN/A
Average Volume (3M)6.17M
Price to Earnings (P/E)11.1
Beta (1Y)0.58
Revenue Growth3.60%
EPS Growth17.25%
CountryUS
Employees38,000
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)6.36
Shares Outstanding534,777,500
10 Day Avg. Volume5,753,930
30 Day Avg. Volume6,173,086
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 Cap1.84
Enterprise Value/Revenue2.92
Enterprise Value/Gross Profit4.92
Enterprise Value/Ebitda6.89
Forecast
1Y Price Target
$72.94Price Target Upside14.02% Upside
Rating ConsensusHold
Number of Analyst Covering21
EPS Forecast (FY)8.1
Revenue Forecast (FY)$20.09B
Fiserv Business Overview & Revenue Model
Company Description
Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring a...
How the Company Makes Money
Fiserv primarily generates revenue by charging customers for payment processing and financial-technology services across its two reportable segments: Merchant Solutions and Financial Solutions. In Merchant Solutions, the company earns money from c...
Fiserv Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| 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
83
Very Positive
Balance Sheet
68
Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.19B | 20.46B | 19.09B | 17.74B | 16.23B |
| Gross Profit | 12.58B | 12.44B | 11.42B | 9.74B | 8.10B |
| EBITDA | 8.96B | 8.84B | 8.02B | 6.83B | 5.56B |
| Net Income | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
Balance Sheet | |||||
| Total Assets | 80.13B | 77.18B | 90.89B | 83.87B | 76.25B |
| Cash, Cash Equivalents and Short-Term Investments | 798.00M | 1.24B | 1.20B | 902.00M | 835.00M |
| Total Debt | 29.12B | 24.96B | 23.24B | 21.54B | 21.24B |
| Total Liabilities | 54.32B | 49.49B | 60.22B | 52.18B | 44.30B |
| Stockholders Equity | 25.79B | 27.07B | 29.86B | 30.83B | 30.95B |
Cash Flow | |||||
| Free Cash Flow | 4.34B | 5.06B | 3.77B | 3.14B | 2.87B |
| Operating Cash Flow | 6.10B | 6.63B | 5.16B | 4.62B | 4.03B |
| Investing Cash Flow | -3.00B | -2.40B | -1.07B | -2.11B | -1.63B |
| Financing Cash Flow | -3.40B | -4.17B | -4.36B | -2.48B | -761.00M |
Fiserv Technical Analysis
Positive
63.97
Price Trends
59.12
Positive
62.52
Positive
94.14
Negative
Market Momentum
0.67
Negative
69.43
Neutral
94.86
Negative
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 63.97 is above the 20-day moving average (MA) of 57.27, above the 50-day MA of 59.12, and below the 200-day MA of 94.14, indicating a neutral trend. The MACD of 0.67 indicates Negative momentum. The RSI at 69.43 is Neutral, neither overbought nor oversold. The STOCH value of 94.86 is Negative, 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 3 New Risks
1.
The One Fiserv action plan may not generate the benefits that we anticipate. Q4, 2025
2.
We make significant investments in emerging, innovative areas of financial services and technology that may not achieve expected returns. Q4, 2025
3.
We use artificial intelligence in our business, and challenges with properly managing its use could result in legal liability or reputational harm. Q4, 2025
Fiserv Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $11.01B | 26.50 | 23.75% | 1.25% | 8.41% | 25.60% | |
73 Outperform | $49.75B | 14.68 | 31.77% | 2.58% | 4.85% | 6.19% | |
71 Outperform | $24.57B | 11.05 | 14.79% | 1.46% | 6.55% | -3.10% | |
69 Neutral | $33.59B | 11.12 | 13.65% | ― | 3.60% | 17.25% | |
69 Neutral | $17.79B | 17.10 | 41.06% | 1.63% | 8.19% | 40.01% | |
66 Neutral | $22.09B | 14.82 | 15.03% | 2.78% | -0.55% | -3.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FISV
Fiserv
62.81
-122.14
-66.04%
BR
Broadridge Financial Solutions
153.85
-75.72
-32.98%
CTSH
Cognizant
51.86
-24.42
-32.01%
INFY
Infosys
12.24
-5.10
-29.39%
JKHY
Jack Henry & Associates
152.52
-17.15
-10.11%
WIT
Wipro
1.99
-0.78
-28.29%
Fiserv Corporate Events
Business Operations and StrategyExecutive/Board Changes
Fiserv Grants CEO Supplemental Equity to Drive Transformation
Positive
Feb 20, 2026
On February 18, 2026, the independent directors of Fiserv awarded Chief Executive Officer Michael P. Lyons a supplemental equity package of performance share units and restricted stock units, underscoring the board’s view of his central role...
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.