Fiserv, Inc.

Fiserv, Inc.

FISV

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Market Cap$30.16B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fiserv, Inc.Fiserv, Inc.9.5-17%1.41.2

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Q1 headline performance (in-line; transition year) - Adjusted revenue: $4.68B, -2.4% YoY, in line with guidance (hit by lapping higher nonrecurring revenue from last year). - Adjusted operating margin: 29.7% (in-line with “just below 30%” expectation). - Adjusted EPS: $1.79; effective tax rate 11% in quarter due to release of a tax valuation allowance, giving a +$0.17 EPS benefit (timing-related; full-year tax rate guidance unchanged at 19%–19.5%). - Free cash flow: $259M, expected seasonality (Q1 is the lowest FCFE quarter). - Share repurchase: 3.3M shares (~$200M) during the quarter.
Segment trends: Merchant stable/mixed; Financial Solutions pressured by nonrecurring & banking attrition - Merchant Solutions: Adjusted revenue flat (organic -1%). Clover revenue +6% (excluding nonrecurring, management implies mid-teens growth). - Clover GPV: grew >9% reported; ~12% excluding gateway conversion (conversion “run-off” means reported vs ex-gap growth convergence ahead). - Value-added services (VAS): 27% of Clover revenue, +18% YoY, driven by software + Clover Capital. - Argentina macro headwind: lower inflation/interest rates hurt merchant revenue in Argentina; management says it was largely offset below the line by lower interest expense. - Financial Solutions: organic -6%, adjusted -5% vs expectations (below mid-single digits decline originally targeted at the high end but still broadly consistent). - Issuing: organic -6%, adjusted -5%; comparative headwind tied to nonrecurring “output solutions” in last year’s periods (especially impacting Q2 comps). - Banking: organic -6%, adjusted -4%; management reiterates core attrition remains above long-term target. - Digital Payments: revenue down ~5%; Zelle +18%; BillPay down high single digits. - Financial Solutions operating income/margin: $877M, -24%, margin 38.1% vs 47.5% prior year.
2026 guidance (reiterated): revenue modest, margin recovery back-half, EPS supported by leverage/cost actions - Adjusted revenue growth: +1% to +3% organic and +1% to +3% adjusted (assumes stable macro). - 2Q called out as trough for YoY revenue decline; Financial Solutions expected to decline at high end of mid-single digits in Q2. - Adjusted EPS: $8.00–$8.30 (weighted average share count ~530M). - Adjusted operating margin: ~34% for the year; 1H ~31%–32%, 2H ~35%–36% with Q4 the peak. - Capex: roughly flat vs 2025; free cash flow conversion ~90% of adjusted net income.

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$69.79

Target Price by Analysts

26.7% upsideFiserv Target Price DetailsTarget Price
$191.17

Current Fair Value

247.1% upside

Undervalued by 247.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$30.16 Billion
Enterprise Value$59.48 Billion
Dividend Yield$- (-)
Earnings per Share$6.34
Beta0.84
Outstanding Shares535,400,000

Return

Return on Equity16.95%ROE
Return on Assets5.51%
Return on Invested Capital10.54%

Valuation & Multiples

P/E Ratio9.46P/E Ratio
PEG-28.76PEG
Price to Sales1.41Price to Sales
Price to Book Ratio1.15Price to Book Ratio
Enterprise Value to Revenue2.82
Enterprise Value to EBIT9.88
Enterprise Value to Net Income13
Total Debt to Enterprise0.51
Debt to Equity1.15Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$1.57
Average shareholder expectation
Revenue Estimate
$4.73 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 22, 2026
EPS Estimate
$1.92
Average shareholder expectation
Revenue Estimate
$5.05 B
Average shareholder expectation

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership

No data available for the latest quarter.

ESG Score

No data

About Fiserv, Inc.

CEO: Jeffery Yabuki

Relevant Senate Committees

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC and is a key player in defining cryptocurrencies as digital commodities. This is directly relevant to Fiserv as a financial technology company involved in payment processing and potentially offering crypto solutions.

Judiciary

This committee oversees antitrust laws and intellectual property. Given Fiserv's large presence in the consolidating fintech sector, potential antitrust scrutiny and intellectual property protections are highly relevant to its strategic operations and mergers.

Banking, Housing, and Urban Affairs

This committee is the primary regulator for the financial system, including the Fed and SEC. It directly influences bank capital requirements and cryptocurrency regulation, which are core areas for Fiserv's financial technology, payment processing, and core banking solutions.

Commerce, Science, and Transportation

With vast jurisdiction over interstate commerce, the FCC, and FTC, this committee directly impacts Fiserv through privacy laws, data security regulations, and general oversight of 'Big Tech' and telecommunications, all crucial to Fiserv's data processing and fintech operations.

Homeland Security and Governmental Affairs

This committee increasingly regulates emerging risks like Artificial Intelligence in financial markets, which directly impacts Fiserv's fintech solutions and operations within the financial sector. It also influences federal contracting, a potential revenue stream.