Fiserv, Inc. (FISV)
NASDAQ:FISV
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Fiserv
(NASDAQ:FISV)
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Rating:61Neutral
Price Target:
$59.00
▼(-7.77% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by deteriorating recent financial trends (sharp TTM revenue decline, some margin compression, higher leverage, and weaker FCF momentum) and bearish technicals (price below all major moving averages with negative momentum). These are partially offset by a relatively reasonable valuation (P/E ~13) and an earnings-call outlook that, while modest and near-term pressured, includes reaffirmed guidance, expected H2 margin improvement, strong FCF conversion targets, and continued product/operational progress.
Positive Factors
Strong cash generation
Fiserv generates large, recurring operating cash flow (TTM OCF ~$6.0B; FCF ~$4.2B) and historically high conversion, providing durable funding for capex, buybacks, and strategic investments. Sizeable cash flow supports stability through cycles and funds multi-year transformation efforts.
Negative Factors
Sharp revenue deterioration
A pronounced TTM revenue decline indicates meaningful top-line erosion that impairs scale benefits, lowers pricing leverage, and reduces cross-sell runway. Persistent or repeated declines weaken network effects in payments and make long-term margin recovery and investment payback harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Fiserv generates large, recurring operating cash flow (TTM OCF ~$6.0B; FCF ~$4.2B) and historically high conversion, providing durable funding for capex, buybacks, and strategic investments. Sizeable cash flow supports stability through cycles and funds multi-year transformation efforts.
Read all positive factors
Fiserv (FISV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.46B
Dividend YieldN/A
Average Volume (3M)6.28M
Price to Earnings (P/E)13.1
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. Volume6,871,042
30 Day Avg. Volume6,282,321
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 Cap1.93
Enterprise Value/Revenue2.79
Enterprise Value/Gross Profit4.81
Enterprise Value/Ebitda6.94
Forecast
1Y Price Target
$70.55Price Target Upside10.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
EPS Forecast (FY)8.14
Revenue Forecast (FY)$20.05B
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)
| % 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 | 8.49B | 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
Neutral
63.97
Price Trends
57.91
Negative
60.71
Negative
82.03
Negative
Market Momentum
-0.99
Negative
49.01
Neutral
77.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FISV, the sentiment is Neutral. The current price of 63.97 is above the 20-day moving average (MA) of 57.53, above the 50-day MA of 57.91, and below the 200-day MA of 82.03, indicating a bearish trend. The MACD of -0.99 indicates Negative momentum. The RSI at 49.01 is Neutral, neither overbought nor oversold. The STOCH value of 77.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $9.96B | 23.14 | 24.03% | 1.25% | 8.44% | 21.74% | |
73 Outperform | $25.00B | 11.05 | 14.79% | 1.46% | 6.55% | -3.10% | |
73 Outperform | $50.51B | 16.29 | 31.77% | 2.58% | 4.85% | 6.19% | |
72 Outperform | $17.41B | 17.10 | 40.06% | 1.63% | 8.19% | 40.01% | |
66 Neutral | $22.59B | 14.82 | 15.03% | 2.78% | -0.55% | -3.97% | |
61 Neutral | $30.46B | 13.08 | 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
57.13
-103.01
-64.32%
BR
Broadridge Financial Solutions
150.49
-82.42
-35.39%
CTSH
Cognizant
52.75
-24.73
-31.92%
INFY
Infosys
12.67
-5.00
-28.28%
JKHY
Jack Henry & Associates
140.19
-39.32
-21.91%
WIT
Wipro
2.01
-0.74
-26.80%
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.