Fiserv snížil výhled na rok 2026: organický růst tržeb čeká na úrovni -1 % až 0 % a EPS činí 7,20–7,40 USD. Ve 2. čtvrtletí organické tržby klesly o 5 % a upravená provozní marže spadla na 31,8 % z 39,6 %.
Key Takeaways Fiserv cut 2026 organic growth guidance to negative 1% to flat and EPS guidance to $7.20-$7.40.FISV's Q2 organic revenues fell 5%, while adjusted operating margin dropped to 31.8% from 39.6%.Clover GPV rose 9%, while Fiserv generated $1.1 billion in second-quarter free cash flow. Fiserv, Inc. (FISV - Free Report) reset near-term expectations after a weaker second quarter and a reduced 2026 outlook. Adjusted earnings, revenues and margins all moved lower from the prior-year period, while organic revenue declined across both operating segments.
The investor question is whether this reflects a temporary disruption or a more persistent execution problem. Clover growth and healthy cash generation provide offsets, but the revised guidance and weaker profitability keep pressure on the near-term earnings picture.
Fiserv's Q2 Miss Shows Broad-Based WeaknessAdjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 by 2.7% and declined 26% year over year. Adjusted revenues were $4.96 billion, while organic revenues fell 5% in the second quarter.
The weakness was not confined to one business. Organic revenues declined 1% in Merchant Solutions and 8% in Financial Solutions, showing that the quarter's pressure extended across both operating segments rather than reflecting a single isolated shortfall.
Guidance Cut Resets FISV's 2026 BaselineFiserv lowered its 2026 organic revenue growth outlook to negative 1% to flat from the prior 1%-3% range. Adjusted earnings guidance was reduced to $7.20-$7.40 per share from $8-$8.30.
The company also cut its adjusted operating margin outlook to 31%-31.5% from about 34%. The new ranges point to materially lower revenue growth and profitability expectations than management had outlined earlier in the year.
Financial Solutions Deepens Fiserv's DragFinancial Solutions revenues fell 8% to $2.36 billion in the second quarter. Operating income declined to $912 million from $1.24 billion, while the segment's operating margin contracted to 38.7% from 48.7%.
The pressure is relevant in a competitive financial-technology market. Fidelity National Information Services, Inc. (FIS - Free Report) provides digital, core and payments technology to financial institutions, while Global Payments Inc. (GPN - Free Report) offers payments technology, point-of-sale software and commerce-enablement solutions through its Merchant Solutions business.
Fiserv's Cost Base Intensifies Margin PressureAdjusted operating income declined to $1.58 billion from $2.06 billion, and adjusted operating margin fell to 31.8% from 39.6%. The decline shows that weaker revenues were accompanied by a much sharper compression in profitability.
The quarter included $187 million of One Fiserv transformation program expenses, $40 million of severance costs and $23 million of merger and integration costs. These items added to company-wide pressure even as management continued its broader operating transformation.
Clover and Cash Flow Offer FISV CounterweightsClover remained a counterweight to the broader slowdown. Reported gross payment volume, or GPV, increased 9%, while value-added services revenues rose 10%. Value-added services penetration also improved to 25% from 24% a year earlier.
Fiserv generated $1.1 billion of free cash flow in the second quarter, equal to 112% of adjusted net income. That cash generation gives the company financial flexibility while it works through weaker revenue growth and margin pressure.
FISV's Ratings Reinforce a Cautious Near-Term ViewThe lowered outlook, weaker profitability and downward estimate revisions support a cautious near-term view. The Zacks Consensus Estimate for current-year earnings has fallen 10.5% over the past four weeks.
FISV currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Value Score of A points to favorable value characteristics, but the Growth Score of D and Momentum Score of D indicate weaker growth and price-momentum traits. The VGM Score of C reflects a mixed combined profile, while the Zacks Rank suggests a less favorable near-term setup despite the stronger Value Score.
Dudley & Shanley Inc. lessened its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,558 shares of the business services provider’s stock after selling 33,365 shares during the period. Fiserv makes up about 0.8% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 29th largest position. Dudley & Shanley Inc.’s holdings in Fiserv were worth $5,423,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in Fiserv in the fourth quarter worth about $25,000. Private Wealth Asset Management LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Insider Activity at Fiserv In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms have recently weighed in on FISV. Keefe, Bruyette & Woods cut their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday. Citigroup reiterated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Loop Capital reduced their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Robert W. Baird set a $78.00 target price on shares of Fiserv in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.60.
Read Our Latest Analysis on FISV
Fiserv News Roundup Here are the key news stories impacting Fiserv this week:
Positive Sentiment: Despite lowering its target, Susquehanna maintained a “positive” rating and set an $85 target, implying substantial potential upside from recent levels. Keefe, Bruyette & Woods also retained an “outperform” rating with a $65 target. Benzinga analyst ratings Positive Sentiment: Recent insider activity has been supportive, with several company executives and directors reportedly purchasing FISV shares rather than selling them. This may signal that insiders view the selloff as excessive, although it does not offset the weaker operating outlook. Neutral Sentiment: JPMorgan reduced its price target from $62 to $60 and moved to a “neutral” rating, while TD Cowen cut its target from $63 to $55 and assigned a “hold” rating. The targets remain above the recent share price, but the reductions indicate lower near-term confidence. Benzinga analyst ratings Neutral Sentiment: New CEO Takis Georgakopoulos is attempting to reset expectations, with management emphasizing technology investment and a potential recovery in 2027. Investors may view the longer-term rebound opportunity positively, but it depends on improved execution and renewed client spending. Fiserv’s New CEO Resets Guidance as Headwinds Hit Growth Negative Sentiment: Fiserv missed second-quarter earnings and revenue expectations. Adjusted EPS was $1.84, below estimates and down from $2.47 a year earlier, while revenue declined year over year amid margin pressure. FISV Q2 Earnings Miss Estimates on Margin Pressure Negative Sentiment: Management cut 2026 adjusted EPS guidance to $7.20–$7.40 from $8.00–$8.30 and changed its organic revenue forecast from 1%–3% growth to flat or down 1%. Delayed client projects, weaker Argentine conditions, softer hardware sales and increased technology spending are weighing on results. FISV Q2 Earnings Call Resets Outlook Fiserv Price Performance Shares of FISV opened at $52.41 on Monday. The firm has a fifty day moving average price of $51.77 and a 200-day moving average price of $56.70. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $27.95 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.64 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $140.42.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 7.3 earnings per share for the current year.
Fiserv Company Profile (Free Report)
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.
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Fiserv snížil celoroční výhled tržeb a marže po slabších vyhlídkách pro druhou polovinu roku. Ve 2. čtvrtletí měl upravené tržby 4,96 miliardy USD a upravený EPS 1,84 USD.
Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardFiserv NASDAQ: FISV reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently assumed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
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3 Tech ETFs That Could Bounce Back After the AI Selloff“This unfortunately is a transition year with noise,” Georgakopoulos said during the company’s earnings call. He said the updated outlook reflects the company’s “most accurate assessment” of client timelines and near-term operating conditions, rather than a structural change to its business.
Second-Quarter Results and Segment Performance Total second-quarter adjusted revenue was $4.96 billion, down 4% from a year earlier, while organic revenue declined 5%. Recurring revenue grew 2% and represented 84% of adjusted revenue, according to Chief Financial Officer Paul Todd.
Block’s Pivot to Profits and AI Is Turning HeadsAdjusted operating income totaled nearly $1.6 billion, producing an adjusted operating margin of 31.8%. Adjusted earnings per share were $1.84, and free cash flow reached $1.1 billion, representing 112% conversion. Todd said foreign-exchange rates in Latin America reduced adjusted EPS by $0.07 year over year.
Fiserv’s Merchant Solutions segment reported adjusted and organic revenue declines of 1%. Small-business volume grew 2%, with the company citing the anniversary of its CCV acquisition as a factor in the lower growth rate compared with the first quarter. Enterprise transactions rose 8%.
Clover revenue increased 2% on a reported basis. Excluding higher non-recurring revenue in the second quarter of 2025, Clover revenue would have increased 11%, Todd said. Excluding attrition, Clover revenue would have grown 13%. Clover GPV grew 9% as reported and 11% excluding a gateway conversion.
Merchant Solutions adjusted operating income declined 14% to $781 million, and the segment’s adjusted operating margin was 30%.
Financial Solutions adjusted and organic revenue each declined 8%, primarily reflecting higher non-recurring revenue in the year-earlier period. Within the segment, payment platform transactions increased 5%, while consumer payment platform transactions fell 1% as growth in Zelle was offset by slower Bill Pay activity. Global accounts on file increased 4%, and overall accounts and positions, including fintech, grew 6%.
Financial Solutions adjusted operating income fell 27% to $912 million, with an adjusted operating margin of 38.7%.
Updated 2026 Outlook Fiserv now expects full-year organic revenue growth in a range of negative 1% to flat, compared with its prior expectations for stronger second-half growth. Adjusted revenue is expected to decline between 1.5% and 0.5% for the full year. The company expects adjusted operating margin of 31% to 31.5% and adjusted EPS of $7.20 to $7.40.
For the second half, Fiserv expects adjusted revenue growth of about 2%, including a low-single-digit decline in the third quarter followed by mid-single-digit growth in the fourth quarter.
About 2 percentage points of second-half impact from delays in newly contracted revenue and enterprise client ramps. About 1 percentage point of impact from lower key-product and other revenue, including hardware. About 1 percentage point of impact from Argentina anticipation revenue. About 1 percentage point of impact from divestitures. Todd said the company expects to recognize the “vast majority” of delayed revenue, but at a later date. Georgakopoulos cited one large client whose planned September or October launch was delayed as the client undergoes a merger or acquisition process.
Argentina anticipation revenue reduced second-quarter adjusted revenue growth by 90 basis points and adjusted operating margin by 60 basis points, Todd said. Fiserv also cited softer expected hardware sales in its merchant business, following elevated hardware sales over the prior two years.
The company plans to invest more than $100 million incrementally in technology infrastructure during the second half, particularly within Financial Solutions. The investment will focus on infrastructure and cybersecurity, with the company aiming to improve platform stability, resiliency and client service.
Portfolio Review, Technology Strategy and Client Wins Georgakopoulos said Fiserv is expanding its review of businesses, products and capital commitments. The company has decided to divest its student loan servicing and managed ATM businesses and to exit unprofitable small-business and fuel segments in India. One of the two previously announced divestitures closed Aug. 5, and the other is expected to close in the third quarter.
The company plans to use divestiture proceeds for a combination of capital returns and debt reduction. Fiserv ended the quarter with gross debt-to-adjusted EBITDA below 3.2 times and continues to target approximately 3 times leverage by year-end.
Georgakopoulos said the review will extend beyond lower-growth businesses to assess whether individual products are best-in-class and whether Fiserv has the ability to compete effectively in each area. He said the company would consider alternatives for products where it does not see a clear path to compete, while seeking to avoid disruption to clients.
Fiserv said it has completed the identification phase of Project Elevate, its effort to identify at least $500 million in savings opportunities, and is prioritizing the largest initiatives. The company remains committed to about 50 basis points of annual adjusted operating-margin expansion beginning in 2027 and more than 200 basis points of total expansion from Project Elevate by 2029.
On the product front, the company said Western Alliance Bank went live on Clover, bringing the number of top 100 U.S. banks working with the platform to nearly 40. Its partnership with TD in Canada continues to expand, with Fiserv planning to convert TD’s existing merchant portfolio beginning in 2027. Fiserv also said Clover Practice Pay merchants have approximately 20% higher average volumes than its average small-business merchant.
In Financial Solutions, UW Credit Union selected Fiserv’s DNA platform as its future core banking system, while Flagstar Bank selected Finxact as the foundation of its core modernization strategy. Fiserv said Finxact positions and accounts grew more than 75% and noted that more than 100 financial institutions have shown interest in its agentOS offering since its announcement.
Fiserv also announced a strategic partnership with Mastercard to integrate Mastercard Merchant Cloud into Fiserv Commerce Hub. Georgakopoulos said the integration is expected to take a couple of quarters and is intended to expand the companies’ combined capabilities in enterprise payments.
About Fiserv (NASDAQ:FISV)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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Fiserv oznámil zisk na akcii 1,84 USD, což je pod odhadem 1,89 USD, a tržby 4,96 miliardy USD také zaostaly za očekáváním. Akcie letos klesly asi o 19,4 %.
Fiserv (FISV - Free Report) came out with quarterly earnings of $1.84 per share, missing the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.65%. A quarter ago, it was expected that this financial services technology company would post earnings of $1.57 per share when it actually produced earnings of $1.79, delivering a surprise of +14.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fiserv, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $4.96 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.74%. This compares to year-ago revenues of $5.2 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fiserv shares have lost about 19.4% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Fiserv?While Fiserv has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fiserv was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.16 on $5.26 billion in revenues for the coming quarter and $8.13 on $20.04 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Usio Inc (USIO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Usio Inc's revenues are expected to be $23.61 million, up 18.3% from the year-ago quarter.
MoneyPass Group začala fungovat jako nezávislá síť a společnost pro cash infrastrukturu po uzavření společného podniku Bridgeport Partners a Fiserv. Provozuje více než 37 000 ATM a slouží více než 160 milionům držitelů karet.
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- MoneyPass Group today began operating as an independent company following the close of the previously announced joint venture between Bridgeport Partners, a specialist private equity firm focused on financial technology, and Fiserv, Inc. (NASDAQ: FISV), a global leader uniting commerce and finance. The new company brings together the MoneyPass Network, ATM Managed Services and Cash Intelligence businesses to provide ATM and cash management services to financial institutions, fintechs, ATM operators, and merchants across the United States.
MoneyPass Group is a network and cash infrastructure company helping clients manage cash access, ATM operations and surcharge-free ATM connectivity at national scale. The company operates one of the nation’s largest surcharge-free ATM networks, spanning more than 37,000 ATM locations and serving more than 160 million cardholders.
MoneyPass Group is led by Chief Executive Officer Erik Wichita, who brings 30 years of leadership at Fiserv, with Don Layden, Executive Partner at Bridgeport Partners and a payments and ATM veteran, serving as Executive Chairman.
"Today MoneyPass Group stands on its own, with the scale of a market leader, the focus of an independent company and the support of both Bridgeport Partners and Fiserv," said Wichita. "We are focused on investing in the products and people to make us faster, more agile and even more valuable to the financial institutions we serve, while delivering the reliability, security and service that their customers depend on every day."
Bridgeport Partners holds a 51% controlling ownership stake in MoneyPass Group, bringing focused leadership, deep sector relationships and decades of experience scaling fintech and financial infrastructure businesses. Bridgeport intends to support continued investment in the company’s products, technology and commercial organization. Fiserv holds a 49% ownership stake and will continue to support the company through its technology expertise, industry knowledge, client relationships and referral network.
“MoneyPass Group brings together the network, operating capabilities and software required to manage cash access at national scale,” said Derek Horton, Partner at Bridgeport Partners. “It has the scale Fiserv built, now paired with the focus of a standalone company and the support of both owners. With Erik and Don's leadership, Bridgeport will invest in the products, technology and commercial organization to build on that foundation.”
As part of the transaction, MoneyPass Group and Fiserv have entered into long-term commercial agreements that provide continuity of service for existing clients and give clients of both companies access to a broad range of complementary solutions.
“We are proud of what these businesses have achieved as part of Fiserv and look forward to supporting their continued growth through our ownership stake and long-term commercial relationship,” said Andrew Gelb, Co-Head of Financial Solutions at Fiserv. “MoneyPass Group is well positioned for its next chapter, and clients of both Fiserv and MoneyPass Group will continue to have access to the best of both companies.”
Weil, Gotshal & Manges LLP served as legal counsel to Bridgeport Partners. Foley & Lardner LLP served as legal counsel to Fiserv. Capital One, N.A. provided debt financing in connection with the transaction. FTI Consulting provided carve-out advisory services.
About MoneyPass Group
MoneyPass Group is an independent network and cash infrastructure company serving banks, credit unions, fintechs and ATM operators nationwide. Formed in 2026 from Fiserv’s MoneyPass Network, ATM Managed Services and Cash Intelligence businesses, the company combines one of the nation’s largest surcharge-free ATM networks with end-to-end ATM managed services and enterprise cash management software. MoneyPass Group is majority owned (51%) and managed by Bridgeport Partners, with Fiserv holding a 49% ownership stake. Learn more at moneypassgroup.com.
About Bridgeport Partners
Bridgeport Partners is a specialist private equity firm that partners with founders, management teams and corporate owners of established financial technology companies. The firm’s principals bring more than four decades of collective experience leading, scaling, and investing in banking and payments technology and services. Through deep sector relationships, operational expertise, and access to talent and strategic resources, Bridgeport helps management teams accelerate growth and build differentiated, long-term value. More information can be found at bgptpartners.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.
Společnost Fiserv uzavřela strategické partnerství se Stuut Technologies, aby pomocí AI automatizovala B2B pohledávky a procesy order-to-cash pro způsobilé podnikové finance. Cílem je méně manuální práce a lepší přehled o cash flow.
MILWAUKEE, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced a strategic partnership with Stuut Technologies to help eligible enterprise finance teams modernize manual, fragmented B2B receivables processes where available. The collaboration brings together Fiserv’s Commerce Hub, Fiserv’s global payments platform, and SnapPay®, its order-to-cash solution, with Stuut’s AI-enabled automation capabilities to support collections, cash application, payments, disputes, and deductions, subject to applicable requirements and implementation timelines.
Under the agreement, Commerce Hub will serve as the payment processing foundation for Stuut’s platform, while SnapPay will integrate Stuut’s technology to help automate accounts receivable and B2B payment workflows for eligible organizations where available. Together, the companies plan to deliver an integrated set of capabilities designed to help organizations reduce manual work, support working capital management, and improve visibility into cash flow and customer payment activity.
"Businesses are increasingly looking for ways to improve customer experiences while optimizing working capital,” said Jackson McIntosh, SVP, Payments Value Added Services at Fiserv. "Together with Stuut, we are combining our payment and receivables expertise with AI innovation, helping our clients streamline order-to-cash workflows, support productivity gains, improve operational efficiency and deliver greater value."
Founded in 2024, Stuut helps B2B enterprises use agentic AI to transform manual, error-prone order-to-cash processes. Its AI agent has collected more than $2 billion in B2B invoices, growing adoption of the platform.
"By combining Stuut’s AI agent with Commerce Hub and SnapPay, we are giving finance teams a next-generation solution to help modernize order-to-cash operations," said Tarek Alaruri, CEO and Co-Founder of Stuut. "Together with Fiserv’s scale and payments technology, we are providing the foundation to bring these capabilities to more enterprise customers."
About Stuut
Stuut Technologies is an AI platform that automates accounts receivable work for enterprises. Its AI agent executes collections, cash application, credit, payments, disputes and deductions while learning customer behavior and working within existing ERP systems. Stuut helps finance teams improve cash flow, reduce DSO and eliminate manual work, with deployments completed in days. The platform integrates with SAP, Oracle, NetSuite, Microsoft Dynamics 365 and other major financial systems and supports global operations. Founded by Tarek Alaruri, Adam Chaarawi and Ben Winter, Stuut is backed by Andreessen Horowitz, Activant Capital, Khosla Ventures and other leading investors.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.
Media Relations:
Torrie Miers
Director, Communications - Merchant Solutions
Fiserv, Inc.
+1-470-669-5181 [email protected]
Analysts on Wall Street project that Fiserv (FISV - Free Report) will announce quarterly earnings of $1.89 per share in its forthcoming report, representing a decline of 23.5% year over year. Revenues are projected to reach $5.05 billion, declining 2.8% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Fiserv metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Adjusted Revenue- Financial Solutions' should arrive at $2.39 billion. The estimate points to a change of -6.3% from the year-ago quarter.
The consensus estimate for 'Adjusted Revenue- Merchant Solutions' stands at $2.65 billion. The estimate suggests a change of +0.2% year over year.
The consensus among analysts is that 'Revenue- Product' will reach $1.11 billion. The estimate points to a change of -8.2% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Processing and services' will reach $4.22 billion. The estimate points to a change of -2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Corporate and Other' should come in at $337.98 million. The estimate indicates a year-over-year change of +5.6%.
The collective assessment of analysts points to an estimated 'Adjusted Revenue- Financial Solutions- Banking' of $596.25 million. The estimate points to a change of -4.6% from the year-ago quarter.
Analysts predict that the 'Adjusted Revenue- Financial Solutions- Issuing' will reach $801.92 million. The estimate indicates a year-over-year change of -8.5%.
Analysts expect 'Adjusted Revenue- Merchant Solutions- Processing' to come in at $274.51 million. The estimate suggests a change of -3% year over year.
Analysts' assessment points toward 'Adjusted Revenue- Merchant Solutions- Enterprise' reaching $586.60 million. The estimate suggests a change of -0.1% year over year.
The average prediction of analysts places 'Adjusted Revenue- Merchant Solutions- Small Business' at $1.83 billion. The estimate suggests a change of +2.9% year over year.
The combined assessment of analysts suggests that 'Adjusted Revenue- Financial Solutions- Digital Payments' will likely reach $987.94 million. The estimate indicates a year-over-year change of -6%.
Analysts forecast 'Operating income- Financial Solutions' to reach $970.85 million. Compared to the current estimate, the company reported $1.24 billion in the same quarter of the previous year.
View all Key Company Metrics for Fiserv here>>>
Fiserv shares have witnessed a change of +5.8% in the past month, in contrast to the Zacks S&P 500 composite's +3.5% move. With a Zacks Rank #4 (Sell), FISV is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Fiserv čeká za 2. čtvrtletí tržby 5,1 miliardy USD, tedy pokles o 2,8 % meziročně, a zisk 1,89 USD na akcii. Provozní zisk segmentu merchant solutions má klesnout o 13,4 %.
Key Takeaways FISV's Q2 revenues is projected at $5.1 billion, down 2.8% from the year-ago quarter's actual.Clover expansion may lift merchant solutions revenues, but operating income is expected to fall 13.4%.Financial solutions revenues may drop 6.3%, while segment operating income is forecast to slide 22%. Fiserv, Inc. (FISV - Free Report) is scheduled to release second-quarter 2026 results on Aug. 6, before market open.
FISV has outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average negative surprise of 0.4%.
Fiserv’s Q2 ExpectationsThe Zacks Consensus Estimate for revenues is $5.1 billion, relative to the year-ago quarter’s $5.2 billion. The consensus mark suggests a 2.8% fall from the year-ago quarter’s actual. While merchant solutions is expected to deliver slightly elevated revenues from the year-ago quarter, the top line is likely to have been weakened by the sharp fall in financial solutions’ revenues.
The consensus estimate for merchant solutions revenues is pinned at $2.6 billion, hinting at a marginal uptick from the year-ago quarter’s actual. We expect the primary growth factor to have been Clover platform expansion. Healthcare and Professional Services launched in March 2026 showed progress, which we anticipate to have continued in the second quarter of 2026 as well.
The Zacks Consensus Estimate for merchant solutions operating income is $791.4 million against the year-ago quarter’s $914 million. It reflects a sharp 13.4% year-over-year decline. Rising personnel costs, driven by client-facing workforce expansion and higher operating expenses incurred to fund investments, are the prominent reasons that are likely to have led to this cut.
For financial solutions, the consensus estimate for revenues is pegged at $2.4 billion, suggesting a 6.3% year-over-year decline. We anticipate non-recurring project and implementation fees to have led to this downturn.
The Zacks Consensus Estimate for the financial solutions segment’s operating income is pegged at $970.9 million, while it logged $1.2 billion in the year-ago quarter. This underscores a sizable 22% year-over-year slide from the year-ago quarter’s actual. Growing expenses associated with funding core improvements, Finxact infrastructure, Vision Next and CashFlow Central are likely to have affected the operating income.
The consensus estimate for earnings is pinned at $1.89 per share, suggesting a 23.5% year-over-year tailspin from the year-ago quarter’s actual of $2.47. Incremental expenses from investments fueling long-term client growth are expected to have affected the bottom line.
What Our Model Says About FISVOur proven model does not conclusively predict an earnings beat for Fiserv this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Fiserv has an Earnings ESP of -0.20% and a Zacks Rank of 4 (Sell) at present.
Stocks to ConsiderHere are some stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Thomson Reuters (TRI - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $1.9 billion, hinting at a 7.3% increase from the year-ago quarter’s actual. For earnings, the consensus estimate is pegged at 96 cents per share, suggesting a 9.1% rally from the year-ago quarter’s reported number. Over the four trailing quarters, the company has an average earnings surprise of 3.1%.
TRI has an Earnings ESP of +2.35% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to announce second-quarter 2026 results on Aug. 5.
Dave Inc. (DAVE - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $169.8 million, suggesting a 28.9% jump from the year-ago quarter’s actual. For earnings, the consensus mark is $3.69 per share, indicating 17.5% growth. DAVE beat the consensus estimate for earnings in the trailing four quarters, with an average surprise of 45.8%.
DAVE has an Earnings ESP of +1.42% and a Zacks Rank of 2 at present. The company is scheduled to declare second-quarter 2026 results on Aug. 5.
Fiserv a Mastercard oznámily globální partnerství, které propojí Mastercard Merchant Cloud s Fiserv Commerce Hub a nabídne obchodníkům integrované služby napříč online, mobilem i prodejnami.
MILWAUKEE and PURCHASE, N.Y., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, and Mastercard today announced a strategic global partnership to help eligible enterprise merchants simplify commerce through an expanded suite of integrated value-added services. The companies will integrate Mastercard Merchant Cloud into Fiserv Commerce Hub, bringing together their complementary strengths to give merchants a single connection to Mastercard’s advanced services across online, mobile and in-store channels.
For merchants operating across multiple geographies and sales channels, the partnership brings together Fiserv merchant acquiring capabilities with Mastercard advanced merchant services in an integrated platform experience. Merchants, and enterprise platforms may access payment acceptance and value-added services through a single, integrated experience. The combined capabilities are designed to help eligible merchants innovate faster, expand into new markets and support the future of commerce.
“Enterprise merchants are increasingly looking for ways to simplify complex payment ecosystems while delivering consistent experiences across channels and markets,” said Sanjay Saraf, Chief Product and Technology Officer, Merchant Solutions at Fiserv. “By integrating Mastercard Merchant Cloud with Commerce Hub, we are expanding the commerce capabilities available to eligible merchants through an integrated platform designed to help streamline operations, support market expansion and manage payment performance, subject to availability and applicable requirements.”
“Merchants shouldn’t have to choose between leading in today’s market and preparing for tomorrow’s,” said Chiro Aikat, co-president, Americas, Mastercard. “By bringing Mastercard’s advanced merchant services into Fiserv Commerce Hub, including capabilities that will help power the next era of agentic commerce, we’re giving merchants innovation that helps them grow and stay ahead of a rapidly changing digital economy.”
“Together, Fiserv and Mastercard are helping merchants address the growing complexity of commerce,” said Lia Cao, Chief Revenue Officer, Merchant Solutions at Fiserv. “This partnership combines complementary strengths to offer expanded capabilities for eligible enterprise merchants while supporting access to additional markets, customers and commerce opportunities, where available.”
The partnership marks the latest chapter in Mastercard and Fiserv’s broader work to advance the future of commerce. Across merchant acquiring, issuing, digital assets, value-added services and agentic commerce, the companies have collaborated to help businesses and financial institutions deliver more secure, scalable and innovative payment experiences. The companies will continue to explore additional technology integrations and commerce capabilities designed to support evolving merchant and consumer payment needs, subject to product readiness, applicable requirements and implementation timelines.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Media Relations:
Torrie Miers
Director, Communications - Merchant Solutions
Fiserv, Inc.
+1-470-669-5181 [email protected]
Aktivistický investor Jana Partners tlačí na Fiserv, aby provedl formální přezkum celého portfolia společnosti a obnovil představenstvo. Fiserv za posledních 12 měsíců ztratil více než polovinu hodnoty.
SummaryCompaniesJana wants to see a formal and comprehensive review at FiservFund blames board for failing to attract and retain talentJana dials up pressure after months of behind-the-scenes talksNEW YORK, July 30 (Reuters) - Activist investor Jana Partners is ratcheting up pressure on payments company Fiserv (FISV.O), opens new tab, pushing it to launch a formal review of its entire portfolio rather than sell assets piecemeal, according to a letter seen by Reuters on Thursday.
The New York-based hedge fund, which has been invested in Fiserv since late 2025, praised the company for reportedly considering a sale of its debit network assets.
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But in a letter to the board and new CEO, Jana's managing partner and portfolio manager Scott Ostfeld said it now wants management to go further and review the entire portfolio, arguing that asset sales could restore credibility with investors and boost the stock price.
Jana also reiterated its position that Fiserv needs new directors to address governance issues.
A representative for Jana declined to comment beyond the contents of the letter.
Fiserv did not immediately respond to a request for comment.
FISERV HAS LOST HALF ITS VALUE OVER PAST YEARAfter months of private negotiations with Milwaukee-headquartered Fiserv, Jana is becoming more vocal, having first discussed its hopes for the company publicly in early June and now following up with the more pointed letter to the company.
Fiserv has a market value of nearly $30 billion but has lost more than half of its value in the last 12 months with its stock price closing at $55.63 on Wednesday.
The announcement last month by CEO Mike Lyons, who had been in the top job for only a year, that he was leaving to run Truist Financial Corporation (TFC.N), opens new tab added to the stock's decline.
In the letter, Jana blamed management turnover and unspecified and ongoing missteps for making investors skittish. It singled out the board for failing to attract and keep talented top executives and said new blood was needed in the boardroom to fix these problems.
Most critical, however, was the need to publicly announce a comprehensive review, the letter said.
In July, the Wall Street Journal reported that big banks, including JPMorgan Chase (JPM.N), opens new tab and Bank of America (BAC.N), opens new tab, held preliminary and tentative discussions to possibly buy Fiserv's debit network assets. No deal has been announced.
Fiserv announced smaller efforts earlier this year including partnering with Bridgeport Partners to form a joint venture spinning off its ATM managed services, cash logistics and MoneyPass networks. And it sold its Education Solutions student loan servicing business to Infinite Computer Solutions.
Jana, which has experience in pushing financial sector companies to perform better, previously said it believes Fiserv can help banks and credit unions adopt artificial intelligence tools in their own businesses, including through a recently announced collaboration with OpenAI.
Three years ago, Jana successfully pushed Fiserv competitor Fidelity National Information Services (FIS.N), opens new tab to separate its Worldpay payments business.
The hedge fund is currently pushing for a big share buyback and breakup at holding company Markel Group (MKL.N), opens new tab and a sale of digital banking platform Alkami Technology (ALKT.O), opens new tab.
Reporting by Svea Herbst-Bayliss; Editing by Joe Bavier
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Dhivya Suryadevara rezignovala na post prezidentky Fiserv v úterý 7. července s odkazem na klauzuli „good reason“ v nabídce. Ve firmě zůstane jako neexekutivní zaměstnanec do 31. července kvůli hladkému předání.
Dhivya Suryadevara resigned as president of Fiserv on Tuesday (July 7), the company said in a filing with the Securities and Exchange Commission (SEC).
Suryadevara resigned for “good reason” under her offer letter, her resignation is effective Tuesday, and she will remain a non-executive officer employee through July 31 to enable an orderly transition of her duties, according to the filing.
According to the offer letter dated Aug. 28, 2025, and included in Fiserv’s Annual Report on Form 10-K for the year ended Dec. 31, 2025, “good reason” events include a material reduction in base salary or annual incentive compensation target, a material adverse change to duties or responsibilities, or a change to the company’s CEO.
Fiserv announced June 15 that Mike Lyons stepped down as CEO and member of the board of directors to become CEO of Truist. The company also said it appointed Takis Georgakopoulos, who was its co-president leading Technology and Merchant Solutions, as CEO and as a member of the board of directors, effective June 15.
About eight months earlier, the company announced in an October press release that Georgakopoulos and Suryadevara would serve as co-presidents, effective Dec. 1, 2025, with Suryadevara serving as the head of Financial Solutions, Sales and Operations.
Suryadevara joined Fiserv at that time. Immediately prior to that, Suryadevara served as CEO of Optum Financial and Optum Insight at UnitedHealth Group.
When Suryadevara discussed artificial intelligence and banks with PYMNTS CEO Karen Webster in June, PYMNTS reported that Suryadevara also held senior leadership roles at Stripe and General Motors before joining UnitedHealth Group and then Fiserv.
Fiserv also announced in its Tuesday filing with the SEC that it appointed Andrew Gelb and Srini Krish as interim leaders of the company’s Financial Solutions business, effective immediately.
Gelb joined Fiserv in 2014 and is the company’s executive vice president and chief operating officer, Financial Solutions. Krish joined Fiserv in 2014 and is the company’s head of technology and operations, Financial Solutions.
When announcing Lyons’ departure in a June 15 press release, Fiserv said that it reaffirmed the outlook for the full year 2026 that it provided on May 5. The outlook called for organic revenue growth of 1% to 3% and adjusted earnings per share of $8 to $8.30 for 2026.
Akcie Fiserv v předobchodní fázi vyskočily o více než 6 % poté, co zpráva uvedla, že několik velkých amerických bank zvažovalo koupi její debetní sítě. Zájem souvisí s rostoucím významem platební infrastruktury.
Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company's debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players.
According to The Wall Street Journal, JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group have in recent months held preliminary discussions about a potential acquisition of a payments network owned by Fiserv.
The discussions remain tentative, and there is no certainty that a transaction will materialize.
The report said several banks that reviewed the opportunity have already concluded they are unlikely to proceed.
Reuters also reported that some institutions expressed concerns that such a deal could trigger opposition from lawmakers, regulators, and merchant groups.
The reported discussions underscore how aggressively traditional banks are searching for new ways to strengthen their position in the fast-changing payments industry.
The sector has faced mounting competition from fintech companies and digital assets as the Trump administration has taken a more supportive stance toward financial innovation and cryptocurrencies.
Owning payment infrastructure could provide banks with greater control over transaction processing while potentially creating new revenue opportunities.
The interest in Fiserv's network is also tied to long-running debates over debit-card interchange fees.
Under the Durbin amendment, a provision of the 2010 Dodd-Frank Act, large banks face limits on the debit-card fees they can collect from merchants when transactions are routed through outside payment networks.
However, banks that own a payments network are exempt from those caps, making ownership of such infrastructure strategically valuable.
Interchange fees are paid by merchants whenever consumers use debit cards and largely flow to the financial institutions issuing those cards.
The Federal Reserve regulates these fees for banks with more than $10 billion in assets.
Banks have long argued that reduced interchange income forced them to scale back free checking accounts and debit-card rewards programs after the Durbin rules took effect.
Merchant groups, meanwhile, maintain that lower fees have helped reduce costs for businesses and ultimately benefited consumers through lower prices.
Fiserv owns the STAR and Accel debit-payment networks, which process debit card transactions across the United States.
According to the company's website, the STAR Network routes debit, ATM, and e-commerce transactions between consumers, merchants, and financial institutions.
The network serves more than 115 million debit-card holders through over 2,800 financial institutions.
The payments infrastructure has become increasingly valuable as banks seek to strengthen their competitive positions in digital payments.
The reported takeover interest comes during a difficult period for Fiserv.
The company has faced significant pressure over the past year, with its shares falling roughly 70% from year-earlier levels before Tuesday's rally.
Fiserv a provozovatelé čerpacích stanic včetně BP varovali americké partnery, aby neprodávali nelegální vapy, jinak jim hrozí vysoké pokuty. Mastercard i CardConnect zpřísňují kontroly transakcí.
A photo illustration of a One Tank disposable vape device with American branding reflects how some products marketed as "made in the USA" have emerged as Chinese manufacturers adapt to a U.S.... Purchase Licensing Rights, opens new tab Read more
CompaniesLONDON, July 3 (Reuters) - Payments platform Fiserv (FISV.O), opens new tab and service station operators including BP (BP.L), opens new tab have warned their U.S. partners and store owners not to deal in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters show.
A coalition of state and city law enforcement officials in the U.S. is pressuring shippers, e-commerce platforms and payment networks in a bid to clamp down on a booming market in illegal vapes worth $9 billion or more in annual sales according to some estimates.
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Backed by attorneys general from states including California, Illinois and Arizona as well as authorities from the city of New York, the District of Columbia and Puerto Rico, the crackdown has in recent weeks helped secure a ban on vapes by Shopify (SHOP.TO), opens new tab. Mastercard (MA.N), opens new tab has also warned its partners that it would investigate if they enabled illegal vape transactions on its network.
Now, the documents seen by Reuters show, this stricter approach to illegal vape sales is gathering pace.
"BP has learned that MasterCard has begun issuing... compliance violation notices to merchants throughout the industry for processing sales transactions for illegal electronic nicotine delivery system products," BP wrote in an undated notice to its gas station operators.
The notice seen by Reuters said that selling illegal vapes was also a violation of a store's agreement with BP.
Gas station operators Marathon Petroleum (MPC.N), opens new tab and Valero (VLO.N), opens new tab issued similar notices warning that Mastercard or similar firms could issue mid-six-figure fines for a single violation or revoke their card processing services. Valero's notice was dated June 17.
CardConnect, a payment technology provider and subsidiary of Fiserv (FISV.O), opens new tab, issued a notice to its partners stating that vape sales must comply with all relevant laws or risk "corrective action".
The notice said that CardConnect would send out a message warning all merchants using its services not to sell vapes lacking authorisation from the U.S. Food and Drug Administration.
The FDA has granted only 45 vaping products authorisation to market legally, but unauthorised brands are sold illegally nationwide both online and face-to-face in locations including convenience stores and bodegas.
Fiserv, BP, Marathon and Valero did not immediately respond to requests for comment. Friday was a public holiday in the United States.
Reporting by Emma Rumney; Editing by Joe Bavier
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Fiserv oznámil rezignaci CEO Michaela Lyonse, který přechází do Truist. Firma se přitom stále vzpamatovává po loňském propadu zisku a snížení celoročního výhledu.
The bank software and payments company Fiserv (FISV +1.84%) recently stunned investors by announcing that its chief executive officer, Michael Lyons, had resigned. The move is not due to a disagreement at the company, according to a Securities and Exchange Commission filing, but rather that Lyons is set to become the next CEO of Truist, a super-regional bank with roughly $549 billion in assets.
The move caught investors off guard not only because Lyons joined the company at the beginning of 2025, but also because Lyons and the rest of the team at Fiserv have been trying to engineer a major turnaround after the company reported surprisingly poor earnings last year, sending the stock plummeting.
Is Lyons' departure a major red flag?
Image source: Getty Images.
Why the change comes at a bad time Any major leadership change needs careful evaluation, but Lyons' departure comes at a particularly unsettling time, given the challenges Fiserv has faced.
The company has been one of the dominant players in providing core banking processing technology that powers many banks' daily back-end operations. Fiserv also owns the Clover point-of-sale payments platform, which many small businesses use.
In its third-quarter earnings results reported last October, Fiserv missed earnings estimates by about 23% and then cut its full-year forecast by about 16% in an earnings surprise that BTIG analyst Andrew Harte called "shockingly bad" at the time.
The stock fell by more than 40% after the report and is down by more than 70% during the past year.
It turns out that past management had been over-inflating growth numbers at Clover and charging excessive fees. There were also issues in the core processing business, an area typically considered woefully outdated at a time when banks must embrace technology.
Revenue in Fiserv's banking segment declined 7% year over year.
Although things were bad after that dismal earnings report, the silver lining was that investors believed most of the mismanagement had occurred under former CEO Frank Bisignano, who is now commissioner of the U.S. Social Security Administration.
Bullish investors believed a new management team, with Lyons at the helm, recognized the mistakes made and could correct them. After all, Fiserv still holds significant market share and has long-term customer contracts, making the stock a potentially compelling turnaround story.
Lyons' departure is certainly not a good sign Although Lyons' departure isn't necessarily a dealbreaker for the stock, it's certainly not a good sign.
I obviously don't know what is going through Lyons' head, but the biggest red flag I see is that Fiserv highly incentivized Lyons with a $70 million pay package that included some $56 million in equity awards spread out over several years.
However, based on Fiserv's proxy statement, a significant part of Lyons' total pay package is based on performance stock units (PSUs) tied to metrics such as total shareholder return, organic revenue growth, and adjusted earnings per share.
At Truist, Lyons will receive a base salary of $1.3 million per year, similar to the one he received at Fiserv. Lyons will also receive a long-term incentive award of $12 million for 2026, 40% of which is performance-based.
Lyons will also receive replacement awards to compensate for the money he is leaving on the table at Fiserv, so it seems as if the banking veteran will be made whole. But this raises the question of whether Lyons believed he would have an easier time getting his performance-based incentives at Truist than at Fiserv.
Truist has not exactly had an easy time either. Since the SunTrust and BB&T merger that created Truist in 2019, the stock has been deemed a disaster by most bank investors.
TFC data by YCharts
In fact, many investors believed Truist might be acquired by another bank before Lyons was hired.
The silver lining Looking at the situation from an optimistic perspective, it's possible Lyons simply wanted to be the CEO of a super-regional bank, given that he's spent most of his career climbing the ranks at PNC Financial Services Group, a direct peer of Truist.
The other good news for Fiserv investors is that the company named Takis Georgakopoulos as its new CEO. Georgakopoulos had served in various senior roles since joining the company in 2024, notably as chief operating officer.
While investors liked Lyons, they might have been more excited about Georgakopoulos, who is somewhat of a legend in the world of payments.
Before to Fiserv, Georgakopoulos spent 17 years at JPMorgan Chase, where he played a pivotal role in building JPMorgan's global payments business, which now processes more than $10 trillion in daily volume. He also ran the unit for seven years.
Investors have a lot of confidence in Georgakopoulos's abilities and knowledge of payments. Ultimately, although the Fiserv story is not dead, I see Lyons' departure as a major red flag and recommend that investors reevaluate their thesis before doing anything else.
