Fiserv
Runs merchant commerce and financial technology across payments, banking, and card processing.
Something off on this page? Send us feedback.
Profile
Provides merchant acquiring, Clover point-of-sale software, enterprise payment orchestration, and account, digital-banking, debit-network, and card-processing technology for financial institutions. Most revenue comes from recurring account- and transaction-based fees under multi-year contracts, with the United States and Canada supplying most revenue.
Runs two linked financial-technology businesses. Merchant Solutions combines acquiring and processing with Clover point-of-sale and business-management tools for small businesses, plus Commerce Hub and omnichannel payment orchestration for enterprises. Financial Solutions supplies banks, credit unions, corporations, and public agencies with deposit and loan account processing, digital banking, debit networks, bill payment, card issuing, and embedded-finance infrastructure.
Earns primarily account- and transaction-based processing fees under multi-year contracts, giving the model a recurring-revenue base. Operations span major global regions, but most revenue comes from the United States and Canada. Execution centers on integrating merchant and financial platforms while modernizing service and infrastructure under One Fiserv. Payment delivery depends on reliable systems, partner institutions, card networks, and compliance with banking, privacy, money-transmission, and network rules.
Company facts
Categories
Key statistics
Year to date −18.9% · Average volume (30d) 7.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Truist Financial | Target | $52 | $53 | |
| Aug 7, 2026 | Goldman Sachs | Reiterate | Neutral | $60 | $54 |
| Aug 7, 2026 | Morgan Stanley | Target | $65 | $59 | |
| Aug 7, 2026 | UBS | Reiterate | Neutral | $65 | $60 |
| Aug 7, 2026 | RBC Capital | Reiterate | Outperform | $75 | $65 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.91 | $1.84 | −3.7% | $5.04B | $4.96B | −1.5% | 0.00% |
| May 5, 2026Q1 FY26 | $1.57 | $1.79 | +14.0% | $4.73B | $4.68B | −1.1% | −2.04% |
| Feb 10, 2026Q4 FY25 | $1.90 | $1.99 | +4.7% | $4.90B | $4.90B | −0.1% | −0.77% |
| Oct 29, 2025Q3 FY25 | $2.64 | $2.04 | −22.7% | $5.35B | $5.26B | −1.5% | −7.66% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.13B | $5.52B | $5.26B | $5.28B | $5.03B | $5.29B | |
| Gross profit | $3.06B | $3.41B | $3.10B | $3.02B | $2.72B | $1.02B | |
| Operating income | $1.40B | $1.70B | $1.44B | $1.17B | $838.0M | $1.02B | |
| Net income | $851.0M | $1.03B | $792.0M | $811.0M | $571.0M | $627.0M | |
| Diluted EPS | $1.51 | $1.86 | $1.46 | $1.51 | $1.07 | $1.17 | |
| Gross margin | 59.6% | 61.8% | 58.9% | 57.1% | 54.2% | 19.2% | |
| Operating margin | 27.2% | 30.7% | 27.3% | 22.2% | 16.7% | 19.2% |
Fiscal years (4-quarter sums)FY21 $16.23B · FY22 $17.74B · FY23 $19.09B · FY24 $20.46B · FY25 $21.19B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $627.0M · Total debt $27.89B · Total assets $80.89B · Shareholders' equity $26.90B
Dividends
No dividends on record.
Ownership
Shares outstanding 533.25M · Float 531.02M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dodge & Cox | 50.19M | 9.41% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 42.40M | 7.95% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 33.11M | 6.21% | 13F | Aug 13, 2026 |
| State Street Corp | 23.83M | 4.47% | 13F | Aug 7, 2026 |
| Harris Associates L P | 22.21M | 4.17% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Lance M. Fritz | director | +10,000 | $51.95 |
| Jun 17, 2026 | Paul M. Todd | officer: Chief Financial Officer | +10,060 | $49.70 |
| Jun 17, 2026 | Wafaa Mamilli | director | +2,960 | $50.59 |
| Jun 16, 2026 | Gordon M. Nixon | director | +7,500 | $49.57 |
| Jun 16, 2026 | Harry DiSimone | director | +2,088 | $48.41 |
Peers
- FIS
Largest direct rival in bank core processing, issuer services, and digital payments.
- Global Payments
Closest pure-merchant peer in acquiring, ISV distribution, and enterprise commerce.
- Jack Henry & Associates
Dominant rival for community bank and credit union core processing in the US.
- Block
Primary SMB POS and merchant ecosystem rival to Clover across retail and restaurant.
- Toast
Restaurant-dedicated POS rival challenging Clover for the largest restaurant vertical share.
- Shift4 Payments
Integrated payments rival in hospitality, stadiums, and large restaurant chains.
- PayPal
Digital wallet and e-commerce payment platform competing in merchant acquiring and online checkout.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fiserv | $53.30 | +0.24% | $28.36B | 10.2 | 7.2 | 1.4 | −10.0% |
| FIS | $41.31 | −0.33% | $21.42B | 6.3 | 6.5 | 1.7 | +29.1% |
| Global Payments | $91.82 | +0.02% | $22.79B | — | 6.2 | 2.2 | +61.5% |
| Jack Henry & Associates | $169.73 | −0.01% | $12.06B | 24.4 | 23.1 | 4.8 | +4.7% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Toast | $35.48 | +0.97% | $20.39B | 45.1 | 22.8 | 3.0 | +23.1% |
| Shift4 Payments | $44.50 | +1.23% | $4.00B | 75.2 | 6.6 | 0.8 | −35.4% |
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| Median | 34.7 | 9.7 | 2.0 | +9.3% |