Fiserv (NASDAQ:FISV) Announces Quarterly Earnings Results

Fiserv (NASDAQ:FISV) posted its earnings results on Tuesday. The business services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.03, Zacks reports. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. The firm’s revenue was down 1.3% compared to the same quarter last year.

Here are the key takeaways from Fiserv’s conference call:

• Revenue trends stabilized in Q3, with organic revenue flat year over year after the Q2 trough. Fiserv expects both Merchant Solutions and Financial Solutions to return to organic growth in Q4, with merchant revenue projected to grow 6%–8%.
• Banking attrition appears to be improving, with revenue-based core losses down 17% year to date and client wins up more than 50%. Management expects these gains to begin benefiting revenue in 9–12 months, although current banking revenue still reflects prior-period attrition.
• Fiserv increased its Project Elevate savings target to $1 billion from $500 million, supporting a long-term goal of approximately 37% adjusted operating margin. Savings are expected to be weighted toward periods beyond 2027 as the company consolidates technology, exits non-core products, and deploys AI.
• The company plans to resume share repurchases with $500 million in buybacks during Q4, while targeting year-end gross leverage of approximately 3 times. Potential proceeds from non-core asset transactions could also be used for additional buybacks and debt reduction.
• Q3 adjusted revenue declined 1% to $4.85 billion, while Merchant Solutions organic revenue fell 2% and Financial Solutions banking organic revenue declined 5%. GAAP EPS was also reduced by a $12.04-per-share non-cash goodwill impairment charge tied to the sustained decline in Fiserv’s share price and market capitalization.

Fiserv Stock Up 11.2%

NASDAQ:FISV traded up $5.82 during midday trading on Tuesday, hitting $57.75. 5,233,928 shares of the company were exchanged, compared to its average volume of 7,491,877. Fiserv has a fifty-two week low of $43.87 and a fifty-two week high of $70.41. The company has a market capitalization of $30.71 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 4.78 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $48.63 and a 200 day simple moving average of $54.68.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Citigroup decreased their target price on Fiserv from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. UBS Group set a $60.00 target price on Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $56.00 target price on Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $60.38.

Key Fiserv News

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv reported third-quarter adjusted EPS of $1.75, exceeding the $1.72 analyst consensus, while revenue of $4.85 billion was in line with estimates. The company affirmed its 2026 organic-revenue and adjusted-EPS outlook. Fiserv Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its Project Elevate cost-savings target to $1 billion from $500 million and expects to repurchase $500 million of stock in the fourth quarter. These actions could support future margins and per-share earnings. Fiserv Reports Third Quarter 2026 Results
• Positive Sentiment: The stock’s valuation appeared attractive to some investors, and Michael Burry reportedly retained Fiserv while viewing the payments sector as undervalued amid Global Payments transaction speculation. Michael Burry Says Global Payments Buyout Math Means Fiserv Stock Could Hit $100
• Neutral Sentiment: Fiserv plans to eliminate approximately 3,000 employee and contractor positions under its new CEO. The restructuring may improve efficiency, but execution and workforce-disruption risks could affect results. Fiserv Cuts 3,000 Employees and Contractor Jobs
• Negative Sentiment: GAAP EPS was a loss of $11.17 because of a $6.45 billion charge. Adjusted EPS fell from $2.04 a year earlier, while GAAP revenue declined about 1% and organic revenue was flat. Fiserv Takes $6.45 Billion Charge as Margins Shrink
• Negative Sentiment: The Merchant Solutions segment, including Clover, drove much of the operating-profit decline as margins contracted, highlighting pressure on the company’s core payments business. Fiserv Q3 Key Metrics

Insider Activity

In other news, Director Lance Fritz acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost 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. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.