MILWAUKEE, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for August 2026, revealing a continued divide between consumer spending and consumer visits. While small business sales increased 1.3% year over year, foot traffic declined for the tenth consecutive month as consumers spent more per visit and remained selective in where and how often they made purchases.
The seasonally adjusted Fiserv Small Business Index remained at 145 in August. Overall sales rose +1.3% year over year but slipped -0.2% compared to July. Average tickets were up +3.0% year over year, helping offset a -1.8% decline in transactions.
“For many small business categories, August reinforces a trend we’ve seen throughout much of the year: consumers are still spending, but they're making fewer trips and becoming more deliberate with their purchases,” said Prasanna Dhore, Chief Data Officer, Fiserv. “With traffic declining and households continuing to prioritize value, each customer visit matters more for small businesses.”
Key Takeaways
Foot traffic pressure persists across Restaurants
Restaurant spending remained largely flat as fewer visits weighed on growth. Food Services and Drinking Places sales fell -0.3% year over year but grew +0.3% compared to July. Average tickets rose +2.6% year over year, while transactions fell -2.9%. Limited-Service Restaurants saw the steepest decline, with sales down -2.5% year over year as transactions fell -4.2%. Full-Service Restaurants performed better, with sales up +0.9% year over year as visits declined only -0.7%.
Gasoline sales climbed while grocery sales slipped
Gas Station sales rose +15.1% year over year and +1.4% month over month. Average tickets rose +16.3% year over year as oil markets continued to react to geopolitical pressures. Transactions fell -1.2% year over year, a signal that consumers are filling up less often. Food and Beverage Retailer sales softened, with sales down -1.4% year over year and -1.1% month over month. Lower demand and value seeking pushed average grocery tickets down -1.2% year over year.
Retail growth slowed
Total Retail sales rose +0.6% year over year as foot traffic grew +0.7%. However, momentum was challenged month over month, as sales fell -0.8% and foot traffic declined 0.6%. Despite inflation pressures, average tickets have remained nearly flat across Retail this year, suggesting that consumers continue to seek value and manage spending. Gasoline Stations and Building Materials were the only Retail subsectors with growth over July, while year-over-year growth was broadly achieved across many Retail categories.
Essentials again outpaced discretionary spending
Essentials grew +1.8% year over year, about twice the +0.9% growth in Discretionary spending. This was largely due to foot traffic erosion from Discretionary categories (-2.0% year over year) at twice the pace of essentials (-1.0%). Average tickets were up evenly across both areas. Goods and Services each grew +1.3% year over year, but for different reasons. Goods growth came primarily from foot traffic growth of +0.7%, while Services leaned entirely on higher prices. Average tickets for Services grew +3.9% while transactions fell -2.7%.
To access the full Fiserv Small Business Index, visit fiserv.com/FiservSmallBusinessIndex.
About the Fiserv Small Business Index®
Published in the first week of each month, the Fiserv Small Business Index is based on aggregated consumer spending activity across the U.S. small business economy. Unlike surveys or sentiment data, the Index uses point-of-sale data from card, cash and check transactions made in stores and online at approximately 2 million U.S. small businesses, including hundreds of thousands that use the Clover point-of-sale and business management platform.
Benchmarked to 2019, the Fiserv Small Business Index measures consumer spending and includes a transaction index that tracks customer traffic. A simple interface lets users view data by region, state and business type using North American Industry Classification System (NAICS) categories. With detailed industry classifications, the Index covers 56 standardized level-6 national industries across 26 subsectors and 13 sectors, helping users track sales trends and understand the forces shaping the U.S. small business economy.
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.
For more information contact:
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Fiserv remains a 'Strong Buy,' with pessimism priced in and significant asset value, notably in Clover. Activist pressure and potential asset sales, including the debit card network, could unlock value and catalyze a re-rating. Recent results show margin compression and revenue declines, but margin recovery and revenue growth are expected in late 2026 and 2027.
Bank of Nova Scotia purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 67,972 shares of the business services provider’s stock, valued at approximately $3,334,000.
Other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in Fiserv by 16.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after purchasing an additional 25,477 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $1,996,000. Strs Ohio purchased a new position in shares of Fiserv in the 4th quarter worth about $11,255,000. Vanguard Group Inc. bought a new position in Fiserv during the fourth quarter valued at about $3,507,063,000. Finally, North Star Investment Management Corp. purchased a new stake in Fiserv during the fourth quarter worth about $1,098,000. Institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance Fiserv stock opened at $52.44 on Wednesday. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 3.98 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $51.49 and a 200 day simple moving average of $55.71. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $138.85.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year. Insider Buying and Selling In related news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $78.00 price target on shares of Fiserv in a research note on Wednesday, May 6th. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a research note on Friday, June 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $53.00 target price (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a “neutral” rating and issued a $54.00 target price on shares of Fiserv in a research note on Friday, August 7th. Finally, Morgan Stanley set a $59.00 price target on Fiserv in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.20.
Check Out Our Latest Research Report on Fiserv
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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MILWAUKEE, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in an upcoming investor conference in September.
Takis Georgakopoulos, Chief Executive Officer, and Paul Todd, Chief Financial Officer, will represent Fiserv at the Goldman Sachs 2026 Communacopia + Technology Conference at 5:25 p.m. ET on September 10, 2026
Live webcasts and archived replays will be available on the investor relations section of the Fiserv website at investors.fiserv.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. At the intersection of banking and commerce, 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, eCommerce, 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.
Bank of New York Mellon Corp acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,511,244 shares of the business services provider’s stock, valued at approximately $123,177,000. Bank of New York Mellon Corp owned approximately 0.47% of Fiserv as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in FISV. Stonebridge Capital Advisors LLC boosted its position in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC grew its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares during the period. SkyView Investment Advisors LLC lifted its stake in Fiserv by 2.9% in the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after acquiring an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv Stock Performance NASDAQ:FISV opened at $52.58 on Monday. The company has a market capitalization of $27.96 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.95 and a beta of 0.80. The stock’s 50 day moving average price is $51.33 and its 200 day moving average price is $55.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.09.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year. Analyst Ratings Changes A number of equities research analysts have commented on the company. Morgan Stanley set a $59.00 price objective on Fiserv in a research report on Friday, August 7th. UBS Group set a $60.00 target price on Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $54.00 price target on shares of Fiserv in a report on Friday, August 7th. Finally, Barclays set a $52.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $74.20.
Check Out Our Latest Stock Analysis on Fiserv
Insiders Place Their Bets In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by company insiders.
About Fiserv (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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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.
Key Takeaways Fiserv trades at 6.5X forward earnings, far below its 15.1X five-year median and major benchmarks.FISV's 2026 revenue is estimated at $19.6B, with EPS seen falling 14.2% year over year to $7.41.Clover's payment volume rose 9%, while Fiserv generated $1.1B in second-quarter free cash flow. Fiserv, Inc. (FISV - Free Report) trades at a steep discount to its own history and major benchmarks, but the low multiple comes as growth and profitability weaken. The value case therefore depends on whether operating pressure eases enough to support a recovery.
Second-quarter results showed lower adjusted revenues, earnings and margins, while management reduced its 2026 outlook. Clover growth and free cash flow provide offsets, but leverage and weaker estimate trends keep execution risk elevated.
Fiserv's Valuation Signals a Deep DiscountFiserv trades at 6.5X forward 12-month earnings, well below 18.8X for its Zacks sub-industry, 18.0X for the Zacks Business Services sector and 20.5X for the S&P 500. That spread gives value-focused investors a clear reason to examine the stock.
The discount is also pronounced against FISV's own history. Its five-year median forward multiple is 15.1X, placing the shares well below their historical valuation norm.
Image Source: Zacks Investment Research
Weak 2026 Growth Clouds FISV's Value CaseThe Zacks Consensus Estimate for 2026 revenues is $19.6 billion, down 0.8% from 2025. The consensus estimate for earnings is $7.41 per share, implying a 14.2% year-over-year decline from $8.64.
Management lowered its 2026 organic revenue growth outlook to negative 1% to flat and cut adjusted earnings guidance to $7.20-$7.40 per share. That backdrop raises the risk that the valuation discount persists until operating trends improve.
Fiserv's Margins Show the Core Execution RiskSecond-quarter adjusted operating margin contracted to 31.8% from 39.6% a year earlier, while adjusted earnings fell 26% to $1.84 per share. The decline shows that profitability pressure is not limited to softer revenues.
Financial Solutions was a major pressure point, with adjusted operating margin falling to 38.7% from 48.7%. Fiserv also competes with Fidelity National Information Services, Inc. (FIS - Free Report) , a financial technology provider to financial institutions and businesses. Global Payments Inc. (GPN - Free Report) serves merchants with payments technology and software solutions. That rivalry raises the importance of execution and cost discipline.
Clover Gives FISV a Long-Term Growth LeverClover remained a relative bright spot in the second quarter. Reported gross payment volume increased 9%, while volume rose 11% excluding the gateway conversion.
Value-added services revenues increased 10%, and penetration improved to 25% from 24% a year ago. Fiserv also said 38 of the top 100 U.S. financial institutions are referring Clover, supporting opportunities to deepen merchant relationships and recurring revenues.
Fiserv's Cash Flow and Leverage Shape the Trade-OffFiserv generated $1.1 billion of free cash flow in the second quarter and repurchased 1.7 million shares for $100 million. First-half repurchases totaled five million shares for $300 million, showing that the company continued returning capital despite weaker earnings.
Balance-sheet risk remains meaningful. Fiserv's debt-to-equity ratio is 0.99 versus 0.52 for the industry, while goodwill and intangibles represented 60% of total assets in 2025. Those figures keep leverage and balance-sheet risk central to the value debate.
FISV's Ratings Favor Value Over Growth and MomentumFiserv's discount is substantial, but current operating trends make it difficult to treat valuation alone as a buy signal. A wait-and-see stance is more consistent with weak 2026 growth, margin pressure and elevated leverage.
FISV carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fiserv carries a Value Score of A, Growth Score of D, Momentum Score of D and VGM Score of C. The Style Scores complement the Zacks Rank, so the favorable value profile does not override the #5 Rank. The mix highlights attractive valuation but weaker growth and momentum characteristics, favoring patience until earnings estimate trends improve.
BlackRock Inc. bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,399,822 shares of the business services provider’s stock, valued at approximately $2,079,711,000. BlackRock Inc. owned about 7.95% of Fiserv as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Kimelman & Baird LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.
Analysts Set New Price Targets A number of research analysts have weighed in on FISV shares. Barclays set a $52.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th. Rothschild & Co Redburn dropped their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Finally, Susquehanna decreased their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.17.
Read Our Latest Research Report on Fiserv Fiserv Stock Performance NASDAQ FISV opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.88 and a beta of 0.80. The company’s fifty day moving average is $51.39 and its two-hundred day moving average is $55.96. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $140.42.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.
Insider Activity In other news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.
About Fiserv (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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Algebris UK Ltd. bought a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 205,954 shares of the business services provider’s stock, valued at approximately $10,070,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Vanguard Group Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $3,507,063,000. Dodge & Cox purchased a new position in Fiserv in the fourth quarter worth $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv in the second quarter worth $2,079,711,000. State Street Corp bought a new position in Fiserv in the fourth quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC purchased a new stake in Fiserv during the fourth quarter valued at about $854,215,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Insiders Place Their Bets In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by company insiders.
Fiserv Stock Performance NASDAQ:FISV opened at $52.08 on Thursday. The firm has a market cap of $27.69 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $140.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day moving average price of $51.39 and a 200-day moving average price of $55.96. Fiserv (NASDAQ:FISV – Get Free Report) last issued its 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 firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the company. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Morgan Stanley set a $59.00 target price on Fiserv in a research report on Friday, August 7th. Mizuho cut their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Stephens reiterated an “equal weight” rating and set a $57.00 price target on shares of Fiserv in a research report on Tuesday, August 11th. Finally, B. Riley Financial decreased their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.17.
Read Our Latest Stock Report on FISV
Fiserv 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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SAN DIEGO, Aug. 13, 2026 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that an update in the lawsuit that was filed for certain investors in shares of Fiserv, Inc. (NYSE: FI). Investors who purchased shares of Fiserv, Inc. (NYSE: FI) prior to February 2024 and continue to hold any of those NYSE: FI shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
Key Takeaways Fiserv trades at 6.08X forward earnings, well below its sub-industry's 18.65X multiple.FISV cut 2026 adjusted EPS guidance to $7.20-$7.40 as organic revenue guidance also fell.Fiserv's cash flow and buybacks offer support, but balance sheet and execution risks remain. Fiserv, Inc. (FISV - Free Report) presents a sharp value-versus-visibility tradeoff. The stock trades at a fraction of its historical valuation, but weaker 2026 earnings expectations, falling revenues and margin pressure make that discount harder to treat as a simple bargain.
The investment case now hinges on whether earnings expectations stabilize. Until that happens, the low multiple may reflect elevated execution risk as much as potential upside.
Fiserv's Valuation Is Hard to IgnoreFISV trades at 6.08X forward 12-month earnings, far below the Zacks sub-industry's 18.65X multiple. It also sits well under its five-year median of 15.2X, placing the shares near the low end of their recent valuation history.
Image Source: Zacks Investment Research
That discount creates clear value appeal, but it needs an earnings floor. If profit expectations continue moving lower, the multiple can remain depressed even after a large share-price decline.
FISV's Earnings Reset Raises the Bar for a ReboundSecond-quarter adjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 by 2.7%. GAAP revenue fell 4% to $5.29 billion, adjusted revenue declined 4% to $4.96 billion and organic revenue contracted 5%.
Fiserv also lowered its 2026 adjusted earnings outlook to $7.20-$7.40 per share from $8-$8.30. Organic revenue guidance moved to a range of negative 1% to flat from the prior 1-3%, raising the hurdle for a near-term rebound.
Fiserv's Cash Flow Offers a Fundamental BackstopCash generation remains a meaningful offset. Fiserv produced $1.1 billion in second-quarter free cash flow and about $1.5 billion in operating cash flow, giving the company room to fund investment while operating trends remain soft.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Capital allocation provides another layer of support. Fiserv repurchased 1.7 million shares for $100 million in the quarter and retired $1.41 billion of senior notes through tender and open-market purchases. Cash and equivalents stood at $627 million on June 30.
FISV Still Carries Balance Sheet and Execution RisksGoodwill and intangible assets represented about 60% of total assets at the end of 2025. The equity research data also show a debt-to-equity ratio of 1.03 versus an industry average of 0.84, leaving less room for execution errors.
Competition adds pressure. Global Payments Inc. (GPN - Free Report) provides payment technology and software to businesses worldwide. Block, Inc. (XYZ - Free Report) , through Square and its broader ecosystem, also targets merchant commerce and financial services. Fiserv must keep investing in technology, infrastructure and talent while trying to restore profitability.
Fiserv's Signals Point to Value With CautionThe valuation is difficult to dismiss, but the earnings reset keeps the risk-reward balance unsettled. Cash flow and capital returns provide support, while weaker growth, compressed margins and execution demands argue for more evidence that forecasts have stopped moving lower.
FISV currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Value Score of A and Momentum Score of A support the case that valuation and price-trend characteristics have appeal, but the Growth Score of F points to weak growth characteristics. The VGM Score of B is favorable on a combined basis, yet Style Scores are designed to complement the Zacks Rank. For investors considering a new position, the current mix supports patience until earnings revisions and operating performance show firmer stabilization.
Key Takeaways Fiserv cut 2026 revenue and earnings guidance after Q2 earnings and revenues missed estimates.FISV's adjusted operating margin fell to 31.8% from 39.6% as profitability weakened sharply.Fiserv's Merchant Solutions proved steadier, but its operating margin still declined to 30%. Fiserv, Inc. (FISV - Free Report) reset investor expectations after second-quarter 2026 earnings and revenues missed the Zacks Consensus Estimate and management lowered its full-year outlook. The central question is whether the setback reflects a transition-heavy year or a broader operating problem.
Management cited weaker conditions in Argentina, delayed client implementations, slower execution on growth initiatives and stepped-up technology spending. Those factors leave the recovery case dependent on better execution and margin stabilization.
FISV's Q2 Miss Resets 2026 ExpectationsAdjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 and fell 26% year over year. Adjusted revenues of $4.96 billion also missed the $5.05 billion consensus mark and declined 4%. GAAP revenues were $5.29 billion, down 4%.
Fiserv cut 2026 organic revenue growth guidance to a range of negative 1% to flat from 1-3%. Adjusted earnings guidance fell to $7.20-$7.40 per share from $8-$8.30, materially lowering the earnings base investors can expect from the transition year.
Fiserv's Margin Compression Is the Bigger WarningAdjusted operating margin contracted to 31.8% from 39.6%, while adjusted operating income fell to $1.58 billion from $2.06 billion. The size of the decline shows that profitability weakened even after excluding several transformation-related items.
GAAP operating margin dropped to 19.2% from 30.7%. The quarter included $187 million of One Fiserv transformation expenses, $40 million of severance costs and $23 million of merger and integration costs, compounding the effect of lower revenues on reported profitability.
FISV's Merchant Business Shows Relative ResilienceMerchant Solutions revenues declined 1% to $2.61 billion, compared with an 8% drop in Financial Solutions revenues to $2.36 billion. That made Merchant the steadier operating segment, but its operating margin still fell to 30% from 34.6%.
Merchant execution remains important in a competitive payments market. Global Payments Inc. (GPN - Free Report) identifies Fiserv as a competitor in merchant acquiring, while Fiserv's new partnership with Mastercard Incorporated (MA - Free Report) links Mastercard's merchant cloud with Commerce Hub. These relationships reinforce the need for Fiserv to translate platform progress into stronger profitability.
Fiserv's Cash Actions Cushion the Earnings PressureFiserv generated $2.08 billion of operating cash flow in the first half of 2026, compared with $2.31 billion a year earlier. Free cash flow was $1.36 billion, while first-half capital expenditures rose to $956 million.
The company repurchased 5 million shares for $300 million in the first half, including 1.7 million shares for $100 million in the second quarter. It also retired $1.41 billion of senior notes for $1.23 billion of consideration, showing continued active management of liquidity and the capital structure.
FISV's Signals Still Favor Near-Term CautionThe outlook reset leaves Fiserv with a difficult near-term setup despite cash generation and relative resilience in Merchant Solutions. The current-year earnings estimate has fallen 10.2% over the past four weeks, consistent with the pressure reflected in the latest results and guidance.
Fiserv currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Value Score of A and Momentum Score of A point to favorable characteristics in those styles, while the Growth Score of F signals a weak growth profile. The VGM Score of B blends those factors, but Style Scores are designed to complement the Zacks Rank. With a #4 Rank reflecting negative earnings estimate revisions, the near-term picture remains cautious even though some style measures look favorable.
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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Key Takeaways FISV now sees 2026 organic revenue growth of negative 1% to flat and adjusted EPS of $7.20-$7.40.Fiserv will invest over $100M more in second-half technology infrastructure, resiliency and cybersecurity.Clover GPV grew 9%, while FISV expects most delayed contracted revenue to be recognized later. Fiserv, Inc. (FISV - Free Report) used its second-quarter 2026 call to reset expectations, citing slower client implementations, weaker Argentina conditions and execution gaps. Chief executive officer (CEO) Takis Georgakopoulos emphasized a broader portfolio review and higher technology spending.
Adjusted EPS of $1.84 missed the Zacks Consensus Estimate of $1.89, while adjusted revenues of $4.96 billion fell short of the $5.05 billion consensus. Adjusted revenues declined 4% year over year, and organic revenues fell 5%.
FISV Cuts 2026 Outlook as Delays BuildChief financial officer Paul Todd said Fiserv now expects 2026 organic revenue growth of negative 1% to flat, adjusted EPS of $7.20 to $7.40 and adjusted operating margin of 31% to 31.5%.
Todd expects second-half adjusted revenue growth of about 2%, down from the prior 6% to 8% outlook. He sees Q3 declining at a low-single-digit rate before Q4 rises approximately mid-single digits.
Todd also said the revision reflects roughly two points of pressure from delayed contracted revenues and enterprise ramps, plus one point each from lower product and other revenues, Argentina anticipation and divestitures.
Fiserv Calls Weakness a Timing IssueGeorgakopoulos said he and Todd reviewed operating plans and major initiatives after the CEO transition. He described 2026 as a transition year and said several large client delays reflected timing rather than lost business.
Todd said recurring revenues grew 2% and represented 84% of adjusted revenues. He expects most delayed revenues to be recognized later.
A JPMorgan analyst pressed management on why the outlook changed after its June reaffirmation. Todd cited the operating review, while Georgakopoulos said one major implementation moved because the client was undergoing M&A.
FISV Raises Technology InvestmentGeorgakopoulos said Fiserv will invest more than $100 million incrementally in technology infrastructure in the second half, particularly in Financial Solutions, resiliency and cybersecurity.
Todd said the investment accounts for about 50 basis points of pressure on the revised operating margin outlook. Argentina anticipation contributes another 50 basis points, with lower revenues driving most remaining pressure.
Georgakopoulos tied the spending to faster modernization and reduced complexity, including fewer legacy platforms, versions and data centers. He cited a 70% reduction in Financial Solutions client-facing incidents.
Fiserv Broadens Its Portfolio ReviewGeorgakopoulos made capital allocation, focus and product simplification central priorities. Fiserv has moved to divest student loan servicing and managed ATM businesses and exit unprofitable SMB and fuel operations in India.
Georgakopoulos said the review will test whether each product is best-in-class and whether Fiserv has a right to win. Businesses that fall short could face alternative ownership structures or other actions.
A Wolfe Research analyst asked whether larger businesses could be included. Per Georgakopoulos, there is no predetermined size threshold, and Fiserv will prioritize areas where it cannot compete effectively or where technology commitments are disproportionate.
FISV Keeps Clover at the CenterTodd said Clover GPV grew 9%, or 11% excluding a gateway conversion. Clover revenues rose 2%, but would have increased 13% excluding anticipation and nonrecurring revenues.
As highlighted by Georgakopoulos, Clover, Commerce Hub and Finxact are areas where Fiserv is concentrating resources. He said a simpler, integrated technology structure should improve delivery speed and client experience.
A Wells Fargo analyst questioned weaker hardware expectations. Todd called hardware a meaningful second-half headwind tied to elevated prior-year sales, while Georgakopoulos said Fiserv had not seen a material change in new merchant additions.
Fiserv Leaves the Call Focused on 2027Management's closing posture centered on execution, technology stability and a more disciplined portfolio. Georgakopoulos emphasized urgency, simpler product architecture and accountability across Merchant and Financial Solutions.
Todd maintained that the lower second-half growth outlook is not structural. Fiserv continues to expect approximately 50 basis points of annual adjusted operating margin expansion beginning in 2027 and double-digit annual adjusted EPS growth from 2027 through 2029.
Zacks Signals Remain MixedFISV currently carries a Zacks Rank #4 (Sell). Its Value Score of A and Momentum Score of A are favorable, while the Growth Score of D is weaker; the combined VGM Score is B.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Score framework gives A and B grades the strongest standing, but the Zacks Rank remains the primary signal. A Zacks Rank #4 reflects unfavorable earnings-estimate revision trends, so favorable Value, Momentum and VGM scores do not override that caution. The Zacks Rank can change as analyst estimates are revised following the reported results.
GAAP revenue decreased 3% year to date and 4% in the quarter;GAAP EPS decreased 33% year to date and 37% in the quarter;Adjusted revenue decreased 3% year to date and 4% in the quarter;Adjusted EPS decreased 21% year to date and 26% in the quarter;Company updates 2026 organic revenue and adjusted EPS outlook MILWAUKEE, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today reported financial results for the second quarter of 2026. Second Quarter 2026 GAAP Results GAAP revenue for the company was $5.29 billion in the second quarter of 2026, a decrease of 4% compared to the second quarter of 2025.
Total Company Adjusted Revenue: $4.96 billion in Q2, a decrease of 4% year-over-year.Total Company Organic Revenue: Decreased 5% in Q2 compared to the prior yea
Five weeks into Takis Georgakopoulos’ tenure as CEO, Fiserv used the first quarterly report under its new leader to reset expectations for 2026. The payments and banking technology provider lowered its full-year revenue and earnings guidance Thursday, pointing to delayed client projects, weaker conditions in Argentina and softer hardware sales. It also plans to spend more than $100 million on technology infrastructure and cybersecurity during the second half.
Georgakopoulos, a former JPMorgan executive who joined Fiserv in late 2024, said the company’s second-quarter results were consistent with its forecasts. What changed was its view of the next six months.
Fiserv now expects organic revenue to decline 1% or remain flat in 2026. Adjusted earnings per share are expected to range from $7.20 to $7.40. The company had reaffirmed its second-half outlook as recently as June 15.
In his opening remarks, Georgakopoulos divided the change into three areas. Economic conditions in Argentina deteriorated while some client-controlled implementation schedules moved more slowly than expected. Fiserv also fell behind schedule on some internal growth initiatives. Finally, management decided to increase spending on technology, infrastructure and cybersecurity, primarily in its Financial Solutions business.
CFO Paul Todd later put numbers around the revision. Compared with Fiserv’s previous forecast of 6% to 8% adjusted revenue growth in the second half, delayed contracted revenue and slower enterprise client launches reduced the outlook by about 2 percentage points. Lower product revenue, including hardware, accounted for another point. Argentina and planned business sales each contributed roughly another point.
During the analyst discussion, Georgakopoulos said the client delays reflected timing rather than lost business. He cited a large customer that had been scheduled to go live in September or October but needed more time because it was completing a merger.
“There’s nothing fundamentally changing in terms of the deal, in terms of the size of the deal, just the timing moves out by a quarter,” he said. “So we believe that these numbers that we have is an accurate assessment, derisked and does not impact the momentum that we see in 4Q and beyond.”
Fiserv reported second-quarter revenue of $5.29 billion, down 4% from a year earlier. Net income fell to $630 million from $1.03 billion while earnings per share declined 37% to $1.17. Adjusted revenue decreased 4% to $4.96 billion and adjusted earnings per share fell 26% to $1.84. Adjusted operating margin narrowed to 31.8% from 39.6%. The company generated $1.1 billion in quarterly free cash flow.
The decline wasn’t uniform across the business. Merchant Solutions organic revenue slipped 1%, with Clover revenue rising 2% on a reported basis. When Fiserv excluded weaker revenue from Argentina and unusually high one-time revenue a year earlier, Clover revenue grew 13%. Clover payment volume increased 9%.
Financial Solutions had a more difficult quarter. Organic and adjusted revenue each declined 8%, partly because the year-earlier period included more one-time revenue. Digital Payments revenue fell 6%, Issuing declined 10% and Banking organic revenue decreased 10%. Management said underlying transaction and account trends remained generally stable.
Hardware created another complication. Fiserv sold elevated amounts of equipment during the previous two years, making further growth harder. Georgakopoulos said the company hasn’t seen a material change in new merchant acquisition and views the hardware slowdown as temporary.
The new CEO is also reviewing Fiserv’s wide product portfolio. He said the company will invest behind products that can compete with the strongest alternatives in the market and consider other options where it can’t. Fiserv has already divested or moved to divest its student loan servicing and managed ATM businesses. It’s also leaving unprofitable merchant segments in India.
For Georgakopoulos, the immediate priority is getting the basics right. As he described what clients want during the call: “They want platforms that work. They want us to deliver what we promised. They want good customer service.”
Key Takeaways Fiserv's Q2 revenues miss estimates and adjusted EPS fell 26% y/y and missed estimates.Merchant revenues fell 1%, but operating margin contracted sharply to 30% from 34.6%.Financial Solutions revenues dropped 8%, and Fiserv cut its 2026 adjusted EPS outlook. Fiserv, Inc. (FISV - Free Report) reported dismal second-quarter 2026 results.
Fiserv's adjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 by 2.7%. Adjusted earnings declined 26% from the year-ago quarter as profitability contracted sharply.
GAAP revenues of $4.96 billion missed the consensus mark of $5.05 billion by a slight margin and decreased 10% year over year. Organic revenues fell 5%, with declines across both operating segments.
FISV's Revenue Mix Reflects Broad-Based PressureAdjusted revenues were $4.96 billion, down 4% from the prior-year quarter. The gap between GAAP and adjusted revenues reflected $329 million of postage reimbursements compared with $320 million a year earlier.
Processing and services revenues totaled $4.29 billion, nearly flat from $4.30 billion in the year-ago quarter. Product revenues dropped to $1 billion from $1.21 billion, accounting for most of the reported revenue decline.
For the first six months of 2026, adjusted revenues decreased 3% to $9.64 billion. Organic revenues declined 4%, indicating that the weakness extended beyond the second quarter.
Fiserv's Merchant Segment Shows Relative ResilienceMerchant Solutions revenues decreased 1% year over year to $2.61 billion. Organic revenues in the segment also declined 1%, making Merchant the more stable of the company’s two operating businesses.
Merchant operating income fell to $781 million from $914 million. The segment’s operating margin contracted to 30% from 34.6%, showing that modest revenue pressure was accompanied by a steeper decline in profitability.
First-half Merchant revenues decreased 1% to $4.98 billion. Operating income for the six months dropped to $1.41 billion from $1.72 billion, while the operating margin declined to 28.3% from 34.4%.
FISV's Financial Solutions Business Weighs on GrowthFinancial Solutions revenues fell 8% to $2.36 billion from $2.55 billion in the prior-year quarter. Organic revenues declined at the same 8% rate after acquisition adjustments.
Operating income in the segment decreased to $912 million from $1.24 billion. The operating margin narrowed to 38.7% from 48.7%, creating a significant drag on consolidated earnings performance.
For the first half, Financial Solutions revenues declined 6% to $4.66 billion. Organic revenues fell 7%, while operating income decreased to $1.79 billion from $2.39 billion.
Fiserv's Cost Base Compresses Company-Wide MarginsGAAP operating income declined to $1.02 billion from $1.70 billion. The GAAP operating margin fell to 19.2% from 30.7%, reflecting higher expenses despite lower revenues.
Adjusted operating income was $1.58 billion, down from $2.06 billion, while the adjusted operating margin contracted to 31.8% from 39.6%. The quarter included $187 million of One Fiserv transformation program expenses, $40 million of severance costs, and $23 million of merger and integration costs.
GAAP earnings declined 37% to $1.17 per share. Net income attributable to Fiserv fell to $627 million from $1.03 billion. A gain from early debt extinguishment partly offset the effects of transformation costs, severance and acquisition-related amortization.
FISV's Cash Flow & Capital Actions Remain ActiveNet cash provided by operating activities totaled $2.08 billion in the first six months of 2026, down from $2.31 billion a year earlier. The free cash flow declined to $1.36 billion from $1.55 billion as capital expenditures increased to $956 million.
Fiserv repurchased 1.7 million shares for $100 million during the quarter. First-half repurchases totaled 5 million shares for $300 million.
It retired $1.41 billion of senior notes through a cash tender offer and open-market purchases for total consideration of $1.23 billion.
Fiserv Cuts 2026 Outlook After Q2 WeaknessThe company lowered 2026 organic revenue growth between negative 1% and flat compared with the preceding quarter’s 1-3%. The company also lowered its adjusted earnings outlook to $7.20-$7.40 per share from the preceding quarter’s $8-$8.30.
Management said that growth in overall volumes, transactions and accounts, along with recurring revenue growth, supported the underlying performance. Fiserv reiterated its expected medium-term growth rates despite reducing its 2026 targets.
The company also completed the formation of MoneyPass Group in August. The joint venture encompasses its MoneyPass Network, ATM Managed Services and Cash Intelligence businesses, with Fiserv retaining a minority ownership interest.
Fiserv carries a Zacks Rank #4 (Sell) at present.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
IQV registered adjusted earnings of $3.15 per share, rising 12.1% year over year and beating the Zacks Consensus Estimate of $3.02 by 4.3%. Revenues of $4.36 billion increased 8.7% and topped the consensus mark of $4.29 billion by 1.6%.
CPAY reported adjusted earnings per share of $7, growing 36% year over year and surpassing the Zacks Consensus Estimate of $6.60 by 6.1%. Revenues increased 21% to $1.33 billion, beating the consensus mark by 2.6%.
Fiserv Inc (NYSE:FI) shares fell more than 3% on Thursday after the payments and financial technology company lowered its 2026 outlook, while second quarter adjusted earnings and revenue came in below Wall Street expectations.
Fiserv now expects full-year 2026 organic revenue to be between a 1% decline and flat, compared with its previous forecast for growth of 1% to 3%.
The company also cut its adjusted earnings per share outlook to $7.20 to $7.40 from $8.00 to $8.30 previously.
Fiserv reported adjusted earnings per share of $1.84 for the second quarter, below Wall Street estimates of $1.89 to $1.92. Adjusted revenue was $4.96 billion, down 4% from a year earlier and slightly below expectations of about $5.05 billion.
On a GAAP basis, revenue was $5.29 billion in the quarter, also down 4% year over year. GAAP earnings per share was $1.17, down 37% from the prior-year period.
GAAP revenue in the Merchant Solutions segment declined 1% in the quarter, while Financial Solutions revenue fell 8%. GAAP operating margin was 19.2%, compared with 30.7% a year earlier. Merchant Solutions operating margin was 30.0%, down from 34.6%, while Financial Solutions operating margin fell to 38.7% from 48.7%.
“Our business continues to be supported by volume growth and strong positions in attractive markets,” Fiserv CEO Takis Georgakopoulos said in a statement.
“Our recurring revenue base is durable, client demand for our strategic platforms remains strong, and we are improving execution, enhancing our technology and are committed to long-term shareholder value.”
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 (FISV - Free Report) reported $4.96 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 4.5%. EPS of $1.84 for the same period compares to $2.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.05 billion, representing a surprise of -1.74%. The company delivered an EPS surprise of -2.65%, with the consensus EPS estimate being $1.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fiserv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted Revenue- Financial Solutions: $2.36 billion compared to the $2.39 billion average estimate based on seven analysts. The reported number represents a change of -7.7% year over year.Adjusted Revenue- Merchant Solutions: $2.61 billion versus $2.65 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.Revenue- Product: $1 billion versus the four-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of -17.5%.Revenue- Processing and services: $4.29 billion compared to the $4.22 billion average estimate based on four analysts. The reported number represents a change of -0.3% year over year.Revenue- Corporate and Other: $329 million versus $337.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.Adjusted Revenue- Financial Solutions- Banking: $578 million versus $596.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.5% change.Adjusted Revenue- Financial Solutions- Issuing: $784 million compared to the $801.92 million average estimate based on two analysts. The reported number represents a change of -10.5% year over year.Adjusted Revenue- Merchant Solutions- Processing: $264 million compared to the $274.51 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year.Adjusted Revenue- Merchant Solutions- Enterprise: $584 million compared to the $586.6 million average estimate based on two analysts. The reported number represents a change of -0.5% year over year.Adjusted Revenue- Merchant Solutions- Small Business: $1.76 billion compared to the $1.83 billion average estimate based on two analysts. The reported number represents a change of -0.8% year over year.Adjusted Revenue- Financial Solutions- Digital Payments: $993 million compared to the $987.94 million average estimate based on two analysts. The reported number represents a change of -5.5% year over year.Operating loss- Corporate and Other: $-678 million compared to the $-408.41 million average estimate based on two analysts.View all Key Company Metrics for Fiserv here>>>
Shares of Fiserv have returned +6.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Index Dow Jones -0,06 % na 54315,54 b. S&P 500 +0,12 % na 7732,97 b. Nasdaq Composite +0,17 % na 26407,84 b.
Nejsledovanější americké indexy se v úvodu čtvrtečního obchodování vyvíjejí smíšeně, a to před zítřejším zveřejněním zprávy z amerického trhu práce. Vyšší ceny ropy zároveň zvýšily obavy z inflace a vedly k růstu výnosů dluhopisů.
Pokračuje výsledková sezóna, mimo jiné své výsledky reportovaly společnosti: Sandisk (-6,2 %), Western Digital (-12 %), AppLovin (-20 %), MercadoLibre (-7,2 %), Figma (-16 %), Duolingo (-15 %) a Honeywell Aerospace (-21 %). Podrobnosti naleznete v jednotlivých zprávách. Výsledky softwarové společnosti Datadog (-17 %) v samostatné zprávě připravujeme.
Daří se akciím těžební společnosti Occidental Petroleum (+5,7 %) po zveřejnění výsledků za 2Q. Zisk na akcii překonal průměrný odhad analytiků a společnost vykázala silný hotovostní tok díky výborným výsledkům segmentu midstream. Očištěný zisk na akcii dosáhl 2,40 USD, tedy výrazně nad odhady 1,87 USD a volný hotovostní tok z pokračujících činností před změnami pracovního kapitálu činil 3,0 mld. USD.
V problémech se nadále nachází zprostředkovatel plateb Fiserv (-7,2 %). Společnost s výsledky za 2Q výrazně snížila výhled očištěného zisku na akcii pro celý letošní rok. Nová prognóza zaostala za průměrným odhadem analytiků. Zároveň výsledky samotné nesplnily očekávání trhu. Očištěné výnosy dosáhly 4,96 mld. USD, pod odhady 5,05 mld. USD a organický růst výnosů činil -5 % při konsensu -2,96 %. Očištěný zisk na akcii dosáhl 1,84 USD, trh odhadoval 1,91 USD. Společnost v celém roce očekává očištěný zisk na akcii v rozmezí 7,20 až 7,40 USD (dříve 8,00 až 8,30 USD), zatímco konsenzus analytiků činil 8,11 USD.
Zprostředkovatel online objednávek a rozvozových služeb jídla, potravin a dalšího zboží DoorDash (+0,6 %) zveřejnil výsledky za 2Q. Tržby i očištěný zisk EBITDA překonaly očekávání analytiků, zatímco volný hotovostní tok zaostal za odhady.
Index S&P 500 +0,12 % na 7732,97 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +0,6 % Reality -0,5 % Informační technologie +0,2 % Základní materiály -0,4 % Průmysl +0,2 % Finanční sektor -0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Parker-Hannifin Corp (PH) +9,2 % Honeywell Aerospace (HONA) -21 % Motorola Solutions (MSI) +8,3 % AppLovin Corp (APP) -20 % Occidental Petroleum Corp (OXY) +5,7 % Datadog (DDOG) -17 % Ralph Lauren Corp (RL) +5,6 % Western Digital Corp (WDC) -12 % Fox Corp (FOX) +4,7 % Fiserv (FISV) -7,2 % Zdroj: Bloomberg
HomeIndustriesBankingEarnings ResultsEarnings ResultsFinancial-services company cuts full-year earnings outlook, acknowledges organic revenue growth could be negative for 2026Aug. 6, 2026, 8:36 a.m. ET
Fiserv cut its full-year outlook on Thursday in the latest disappointing development for investors in the financial-services company.
The company, which caters to merchants and financial institutions with offerings such as payment-processing and banking tools, has now signaled that organic revenue growth could turn negative for this year. Fiserv’s FISV new full-year forecast calls for organic revenue growth in the range of negative 1% to flat. The prior forecast was for positive growth of 1% to 3%.
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.
On August 05, 2026, Fiserv Inc (FISV) shares fell 3.0% to a current price of $54.11. The stock has seen a 52-week range of $47.04 to $140.42, reflecting signifi
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.
Payments/financial services technology company Fiserv has teamed with accounts receivable automation firm Stuut Technologies.
With this collaboration, the companies will help eligible enterprise finance teams modernize manual and “fragmented” B2B receivables processes where available, Fiserv said in a Wednesday (Aug. 4) news release.
“Businesses are increasingly looking for ways to improve customer experiences while optimizing working capital,” Jackson McIntosh, senior vice president for payments value added services at Fiserv, said in the release.
“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 artificial intelligence (AI) to transform AI to transform “manual, error-prone” order-to-cash processes. The release said the company’s AI agent has collected more than $2 billion in B2B invoices.
With this collaboration, the companies will join Fiserv’s Commerce Hub, global payments platform and SnapPay order-to-cash solution with Stuut’s AI-enabled automation capabilities.
This combination is designed to “support collections, cash application, payments, disputes, and deductions, subject to applicable requirements and implementation timelines,” the release said.
Commerce Hub will act as the payment processing foundation for Stuut’s platform, while SnapPay will embed Stuut’s technology to, where available, help automate accounts receivable and B2B payment workflows for eligible enterprises.
PYMNTS wrote earlier this year about the “AI upgrade” happening to accounts receivable (AR) departments, a change that is “about what the systems now know” rather than just speed.
“Traditional AR reporting works as a lagging indicator: Teams compile aging reports at month’s end, categorize overdue invoices by days past due, and assess risk using historical averages or static credit scores,” that report said.
AI models integrated with enterprise resource planning (ERP) systems can now predict the likelihood of a specific invoice being paid late before it goes out, employing structured data such as payment history and invoice size, as well as unstructured data like sentiment from customer emails and dispute frequency.
“Purpose-built AR platforms take this further by applying a behavioral layer on top of ERP data. Rather than treating each transaction as an isolated event, these systems incorporate historical payment patterns to guide next steps automatically,” the report added. “A short payment is typically recorded as a variance in an ERP, an exception to be investigated.”
A purpose-built AR platform applies contextual intelligence: It understands the customer’s behavior and keeps the cash flowing, Lee An Schommer, chief product officer for Billtrust, said in an interview with PYMNTS.
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 >>>> .
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a global leader in payments and financial technology, today announced that UW Credit Union, one of the nation's leading credit unions, has selected DNA® from Fiserv as its future core processing platform. The decision expands UW Credit Union's relationship with Fiserv and provides a modern foundation to support growth, operational efficiency and enhanced member experience.
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.
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]
MILWAUKEE, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for July 2026, showing modest small business sales growth as higher average tickets offset softer foot traffic and selective consumer spending. Sales increased 1.6% year over year, marking the second-strongest annual growth rate of 2026, as consumers spent more per visit while remaining selective in discretionary purchases.
The seasonally adjusted Fiserv Small Business Index remained at 145 in July. Growth was driven by higher average tickets, which rose +3.2% year over year. Transactions, or foot traffic, decreased (-1.6%) year over year, marking the ninth consecutive month of declines, while holding essentially flat month over month (+0.1%).
“July’s results reinforce a consistent theme in 2026: small businesses are still growing, but growth is increasingly dependent on higher tickets rather than stronger traffic,” said Prasanna Dhore, Chief Data Officer, Fiserv. “Consumers remain engaged, particularly in select retail categories, but continued pressure in restaurants and the shift toward value-oriented spending show households are being more selective with where and how they spend.”
Key Takeaways
Restaurant traffic stayed under pressure
Food Services and Drinking Places sales slipped -0.8% year over year and -0.4% month over month, as average tickets rose +2.8% year over year but transactions fell -3.6%. Limited-Service Restaurants continued to lag, with sales down -3.4% year over year on a large drop in transactions (-5.3%); Full-Service Restaurants held comparatively steady, edging up +0.6% year over year.
Gasoline eased while grocery steadied
Gas Station sales remained elevated (+14.2% year over year) but declined -0.5% month over month as average tickets (+15.4% year over year) remained elevated. Meanwhile, grocery spending appeared to be focused on value with sales rising +0.6% year over year on higher transactions (+1.3%), even as average tickets fell (-0.7%).
Retail kept its footing on stronger traffic
Total retail sales increased +1.9% year over year, supported by transaction growth of +2.2% year over year even as average tickets declined -0.3%. Consumers leaned into value and lifestyle categories, with Sporting Goods and Hobby Retailers (+5.6%), Clothing and Accessories (+2.1%), and Health and Personal Care Retailers (+3.6%) all performing well year over year, suggesting households remained willing to spend selectively.
The tug-of-war between needs and wants continued
Essentials grew +2.0% year over year, outpacing Discretionary (+1.3%), though both saw transactions decline. The clearer story was Goods versus Services. Goods sales rose +2.0% year over year, driven entirely by activity. Transactions increased +2.0% and average tickets were flat compared to 2025. Services grew +1.4% year over year, with average tickets up +4.4% even as transactions fell -2.9%.
To access the full Fiserv Small Business Index, visit fiserv.com/FiservSmallBusinessIndex.
About the Fiserv Small Business Index®
The Fiserv Small Business Index is published during the first week of every month and differentiated by its direct aggregation of consumer spending activity within the U.S. small business ecosystem. Rather than relying on survey or sentiment data, the Fiserv Small Business Index is derived from point-of-sale transaction data, including card, cash, and check transactions in-store and online across approximately 2 million U.S. small businesses, including hundreds of thousands leveraging the Clover point-of-sale and business management platform.
Benchmarked to 2019, the Fiserv Small Business Index provides a numeric value measuring consumer spending, with an accompanying transaction index measuring customer traffic. Through a simple interface, users can access data by region, state, and/or across business types categorized by the North American Industry Classification System (NAICS). Featuring the most detailed classification available, the Fiserv Small Business Index provides visibility into 56 standardized level-6 national industries across 26 subsectors and 13 sectors, allowing users to track sales trends with precision and understand the diverse dynamics shaping the U.S. small business economy.
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.
For more information contact:
Media Relations:
Chase Wallace
Director, Communications
+1 470-481-2555 [email protected]
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
Calls For Comprehensive Review of Entire Asset Portfolio
Believes Further Board Change Needed
, /PRNewswire/ -- JANA Partners ("JANA") today announced that it has sent a letter to the Board of Directors (the "Board") of Fiserv, Inc. (Nasdaq: FISV) ("Fiserv" or the "Company") calling on the Company to conduct a comprehensive strategic review of its entire portfolio and implement Board changes to address persistent governance issues.
The full text of the letter is as follows:
July 30, 2026
Board of Directors
Fiserv, Inc. (the "Company")
600 N. Vel R. Phillips Avenue
Milwaukee, WI 53203
Attention: Takis Georgakopoulos, Chief Executive Officer
Ladies & Gentlemen,
JANA Partners Management, LP ("we" or "us") are writing to express our support for the Company's reported decision to explore a sale of its debit network assets and to call upon the Board to take two further steps: first, to expand that process into a formal and comprehensive review of the Company's entire portfolio; and second, to implement additional Board change to address ongoing concerns regarding stewardship.
Following a highly tumultuous period for Fiserv that saw a dramatic earnings reset and a nearly 80% decline in its stock price from its 2025 highs, we invested in the Company on the basis that a turnaround could return it to its historical 'compounder' model and that there is significant untapped value embedded in its portfolio of assets, many of which would command a value well in excess of where Fiserv trades in the public market. While we remain supportive of Fiserv's turnaround plan, management turnover and continued missteps have widened Fiserv's discount to its intrinsic value. We believe divestitures would significantly reduce that discount while at the same time help restore credibility with investors. Given Fiserv's large and diverse collection of assets, we are convinced that a comprehensive review, rather than a piecemeal, asset-by-asset approach, is the best way to unlock value.
Additionally, while we have been supportive of recent Board changes at Fiserv, they have unfortunately proven insufficient to remediate the Company's governance issues. Recent failures in executive talent retention and attraction, including allowing senior executives to tie their own employment agreements to the continued service of the CEO, have further damaged the Board's standing with investors. As such, we believe the Company requires further Board change.
We appreciate our constructive dialogue and look forward to the Board's prompt response.
Sincerely,
Scott Ostfeld
Managing Partner & Portfolio Manager
Disclaimer
This press release and the opinions herein are for general information only, and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security, a recommendation to purchase or sell any security, or legal, financial, tax, investment, or other advice. Funds managed by JANA currently beneficially own and have other economic interests in shares of the Company. These funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume such funds may from time to time sell all or a portion of their respective holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares, subject to applicable law. Consequently, JANA's beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to their respective views of the Company's business, prospects, or valuation (including the market price of the Company's shares), including without limitation, other investment opportunities available to them, concentration of positions in the portfolios managed by them, conditions in the securities markets and general economic and industry conditions. JANA reserves the right to change any of their respective opinions expressed herein at any time as they deem appropriate and disclaim any obligation to notify the market or any other party of any such change, except as required by law.
About JANA Partners
JANA Partners was founded in 2001 by Barry Rosenstein. JANA invests in undervalued public companies and engages with management teams and boards to unlock value for shareholders.
Contacts
Media
Jonathan Gasthalter/Deanna Spaulding
Gasthalter & Co.
[email protected]
(212) 257-4170
Bradley Foster & Sargent Inc. CT trimmed its stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,342 shares of the business services provider’s stock after selling 16,491 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Fiserv were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in FISV. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter worth approximately $25,000. Private Wealth Asset Management LLC bought a new stake in Fiserv during the 4th quarter valued at $25,000. American National Bank & Trust bought a new stake in Fiserv during the 4th quarter valued at $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $27,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Stock Performance NASDAQ FISV opened at $51.02 on Monday. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $144.05. The company has a fifty day simple moving average of $52.21 and a two-hundred day simple moving average of $57.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $27.21 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.43 and a beta of 0.82.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.
Analyst Ratings Changes Several research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial reduced their price objective on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research note on Friday. Finally, Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.57.
Get Our Latest Research Report on FISV
Insider Transactions at Fiserv In other news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.
About Fiserv (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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Dimensional Fund Advisors LP reduced its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,816,152 shares of the business services provider’s stock after selling 127,005 shares during the quarter. Dimensional Fund Advisors LP owned about 0.53% of Fiserv worth $157,113,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FISV. WFA of San Diego LLC bought a new stake in Fiserv in the second quarter valued at $55,000. Oakworth Capital Inc. bought a new position in Fiserv in the 4th quarter worth $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv in the 4th quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $27,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Fiserv In related news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth Several brokerages recently issued reports on FISV. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays assumed coverage on Fiserv in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price objective on the stock. Wells Fargo & Company set a $56.00 target price on Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, TD Cowen lowered their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $76.57.
View Our Latest Research Report on Fiserv
Fiserv Price Performance Shares of FISV opened at $51.02 on Monday. The stock has a market cap of $27.21 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $144.05. The firm’s 50-day simple moving average is $52.21 and its two-hundred day simple moving average is $57.67.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts anticipate that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.
Fiserv 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.
See Also Five stocks we like better than Fiserv RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).
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Shares of Fiserv, Inc. (NASDAQ:FISV – Get Free Report) have earned an average rating of “Hold” from the thirty-six ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $76.7667.
FISV has been the topic of several recent analyst reports. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a report on Friday, June 5th. Truist Financial set a $58.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Finally, B. Riley Financial decreased their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th.
View Our Latest Report on FISV
Insider Buying and Selling at Fiserv In other news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of FISV. Tema ETFs LLC raised its stake in shares of Fiserv by 16.2% in the second quarter. Tema ETFs LLC now owns 11,809 shares of the business services provider’s stock worth $579,000 after purchasing an additional 1,645 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Fiserv by 16.9% during the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock worth $8,638,000 after purchasing an additional 25,477 shares during the period. Fulton Bank N.A. boosted its position in Fiserv by 22.3% in the second quarter. Fulton Bank N.A. now owns 29,492 shares of the business services provider’s stock valued at $1,447,000 after buying an additional 5,386 shares during the last quarter. Atlas Brown Inc. acquired a new position in Fiserv in the 2nd quarter worth approximately $232,000. Finally, Legacy Wealth Asset Management LLC increased its holdings in Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after buying an additional 195 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv Stock Down 0.8% Fiserv stock opened at $50.22 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.42 and a beta of 0.82. Fiserv has a 1-year low of $47.04 and a 1-year high of $144.18. The business has a fifty day moving average price of $52.36 and a 200-day moving average price of $57.89.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts forecast that Fiserv will post 8.13 EPS for the current fiscal year.
Fiserv Company Profile (Get 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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SummaryFiserv's nearly 70% share price decline reflects management missteps and unrealistic expectations rather than a permanent deterioration of its underlying business.While there is stiff competition in the payments industry, Clover and value-added services provide a credible path to long-term value creation.Recent insider purchases indicate confidence that the selloff has become disconnected from intrinsic value.Assuming management successfully stabilizes operations, the market appears to be pricing the company well below its intrinsic value. DNY59/iStock via Getty Images
Fiserv (FISV), a major financial services company, has suffered a brutal 70% decline in its stock price over the past year. While this staggering drop usually suggests a deterioration in the company’s competitive market position, former CEO Michael
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of FISV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
MILWAUKEE, July 21, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a global leader in payments and financial technology, today announced it will serve as the exclusive embedded financial services and payments provider for Datavault AI, Inc. (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset tokenization technologies. Fiserv will embed banking, payments, and card programs directly into Datavault AI-powered marketplaces and exchanges.
Through its Embedded Finance platform, Fiserv will enable banking, payments, and digital asset programs for Datavault AI and its customers. The relationship will allow Datavault AI to activate commerce inside its marketplaces while drawing on Fiserv’s scale and proven infrastructure across banking, payments, and card issuing – giving buyers, sellers, athletes, and sponsors seamless access to financial services in the digital environments where they already engage.
“Embedded finance is transforming how businesses create value by bringing trusted financial services directly into the digital experiences where customers already engage,” said Sunil Sachdev, Head of Embedded Finance and Digital Assets at Fiserv. “We’re proud to work with Datavault AI to enable financial services through its platform - giving participants simpler access to banking and payments while helping Datavault AI deliver more value and deepen customer relationships.”
Datavault AI’s NIL Exchange will be a digital marketplace that enables high school and college athletes, where permitted by applicable rules and law, to monetize their name, image, and likeness (“NIL”). Datavault AI will work with universities and other agencies to place athletes in the marketplace to receive NIL payments from sponsors. Under the program, Fiserv will enable payment wallets and associated debit cards through its platform, giving participating athletes a simple, no-cost way to receive, manage, and access funds earned through sponsor relationships.
“Embedding financial services directly into our exchanges connects commerce and payment in a single environment,” said Nathaniel T. Bradley, CEO of Datavault AI. “Athletes on our NIL Exchange are expected to gain a simple, no-cost way to receive and manage their NIL earnings, and participants on the Information Data Exchange can gain trusted financial infrastructure behind every transaction.”
Fiserv will also support the Information Data Exchange®, Datavault AI’s patented platform for buying and selling data assets, by enabling demand deposit accounts and card capabilities for buyers and sellers. The capability streamlines purchase and sale transactions on the exchange and extends Datavault AI’s ability to connect data-asset commerce with trusted financial services infrastructure.
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 Datavault AI
Datavault AI™ (NASDAQ: DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. Datavault AI’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Sciences and Data Sciences divisions.
Datavault AI’s Acoustic Sciences division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless, high-definition sound transmission technologies with intellectual property covering audio timing, synchronization, and multi-channel interference cancellation. The Data Science division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization.
Datavault AI’s platform serves multiple industries, including high-performance computing software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® enables Digital Twins and the licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata, fostering responsible AI with integrity. Datavault AI’s technology suite is fully customizable and offers AI- and machine-learning-based automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.
Datavault AI is headquartered in Philadelphia, PA. Learn more about Datavault AI at dvlt.ai Investor information is available at ir.datavaultsite.com. Technology news and insights are published at dvlt.ai/insights.
California Public Employees Retirement System lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 927,715 shares of the business services provider’s stock after selling 119,918 shares during the period. California Public Employees Retirement System owned 0.17% of Fiserv worth $51,766,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in Fiserv during the 2nd quarter worth about $55,000. Oakworth Capital Inc. purchased a new position in Fiserv during the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the fourth quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling In other news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.
Fiserv Price Performance FISV stock opened at $51.68 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a one year low of $47.04 and a one year high of $167.39. The stock has a market cap of $27.56 billion, a PE ratio of 8.76, a P/E/G ratio of 1.42 and a beta of 0.82. The firm has a 50 day simple moving average of $52.49 and a two-hundred day simple moving average of $58.12.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts predict that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades FISV has been the subject of a number of analyst reports. Rothschild & Co Redburn cut their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Mizuho lowered their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. UBS Group set a $65.00 price target on shares of Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and an average target price of $77.23.
View Our Latest Stock Analysis on Fiserv
Fiserv 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.
Featured Stories Five stocks we like better than Fiserv The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
It's mergers & acquisitions day at the fintech market.
Reports that privately held companies Stripe and Advent, and maybe publicly traded Block (XYZ +3.66%), too, have offered to buy PayPal Holdings (PYPL +16.40%) for $53 billion sent that stock flying 17.1% higher through 11 a.m. ET Wednesday.
These same rumors may be lifting Fiserv (FISV +2.64%) shares, which are up 4.7%.
Image source: Getty Images.
Buying PayPal CNBC reports that Stripe, Advent, and Block have offered to acquire PayPal for $60.50 per share, nearly 28% above PayPal's closing price last night. Not all the details of the transaction are clear, none of the companies reportedly involved are commenting on the report -- and it could be that no merger will happen. Nevertheless, PayPal investors are clearly excited at the prospect.
So are Fiserv investors.
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What a PayPal buyout might mean for Fiserv Why? Just take a look at the numbers.
PayPal and Fiserv aren't direct competitors, with PayPal being a more consumer-facing financial services company (B2C) facilitating payments among peers, while Fiserv operates more on the back end, running the plumbing of financial transactions and processing payments among businesses (B2B). That said, the industry is the same, and the valuations are similar -- and Fiserv looks like an even more attractive takeover target than PayPal.
At today's share price, PayPal stock costs only 8.9 times trailing (and forward) earnings. Fiserv is cheaper at just 8.4x trailing earnings, and a mere 6.2x forward earnings. According to analysts polled by S&P Global Market Intelligence, both companies have similar projected growth rates of 5.8% over the next five years.
Long story short, if Stripe and Advent think PayPal's a buy at 8.9x earnings, there's every reason to believe they, or someone else, may soon reach the same conclusion about Fiserv -- and offer to buy it, too.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block and PayPal. The Motley Fool recommends the following options: short September 2026 $47.50 calls on PayPal. The Motley Fool has a disclosure policy.
MILWAUKEE, July 14, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, will announce its second quarter financial results before the market opens on Thursday, August 6, 2026. The company will discuss its results in a live webcast at 7 a.m. CT (8 a.m. ET) on August 6, 2026. The webcast, along with supplemental financial information, can be accessed on the investor relations section of the Fiserv website at investors.fiserv.com. A replay will be available approximately one hour after the conclusion of the live webcast.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. At the intersection of banking and commerce, 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, eCommerce, 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.
SummaryFiserv remains a cautious Buy with a $100 price target, reflecting attractive risk-reward despite ongoing turnaround uncertainty and high leverage.FI's FiservOne turnaround plan focuses on client-centricity, platform consolidation, Clover expansion, innovation, and disciplined capital allocation, but execution risk remains elevated.Management is prioritizing investments in technology and people, accepting near-term margin compression to restore long-term growth and client retention.While fundamentals remain weak, healthy volume trends signal underlying business resilience, but position sizing should remain conservative. GummyBone/iStock Editorial via Getty Images
I wrote an article about Fiserv (FISV) after the stock crashed by 50% in November. I gave Fiserv a cautious Buy rating and advised investors to slowly accumulate. Almost 8 months have passed, and the stock
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FISV over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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.
Fiserv (FISV +1.74%) was serving up modest gains for its shareholders on Tuesday. The veteran fintech's stock climbed largely due to a media report that management was in discussions with several banks about selling one of its business units. This lifted the stock by nearly 2%, on a day when the benchmark S&P 500 index dipped by 0.5%.
Fed by fees After market close on Monday, Reuters published an article stating that Fiserv had engaged in talks with several lenders about selling STAR Network, its debit card processing unit. Citing an unnamed "source familiar with the matter," the news agency wrote that the banks engaged in discussions include Bank of America, JPMorgan Chase, Wells Fargo, and PNC.
Image source: Getty Images.
STAR Network is essentially the "pipes" of a system that routes debit transactions among banks, transacting customers, and merchants selling purchased goods and services. Reuters quoted Fiserv data indicating the company serves over 115 million debit card holders via the network. Its tally of serviced financial institutions is over 2,800.
The Reuters article comes on the heels of a story published in The Wall Street Journal earlier on Monday. The WSJ, citing unidentified "people familiar with the matter," wrote that the banks have a strong motive to own STAR Network, as it could allow them an exemption from debit-card fee caps enshrined in federal law.
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Banking on a turnaround Neither article stated how much the sale of STAR Network might bring to Fiserv, so at this point, any potential deal is rank speculation. Yet if accurate, these reports indicate that the company is attempting to slim down and rationalize its business after a period of struggle, so it's little wonder investors greeted the news so positively. This is certainly a development worth monitoring.
Wells Fargo is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy.