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Fiserv
(NASDAQ:FISV)
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Rating:67Neutral
Price Target:
$50.00
â–¼(-4.65% Downside)
Action:Downgraded
Date:08/06/26
The score is primarily supported by solid underlying financial quality (strong margins and consistent free-cash-flow generation) and a low earnings multiple. Offsetting this are cautious, lowered near-term growth/margin expectations from the latest earnings call and an elevated leverage profile, while technicals are only mildly supportive given the stock remains below longer-term moving averages.
Positive Factors
Recurring Revenue Base
The high recurring-revenue mix provides Fiserv with a durable base of contracted and processing-related income. This supports visibility through changing transaction conditions, strengthens client retention economics, and creates an ongoing platform for cross-selling software and value-added services.
Negative Factors
Revenue Growth Contraction
The revenue decline and lowered full-year outlook show that Fiserv is currently facing weaker demand, timing effects, and execution pressure across key businesses. If subdued growth persists, it can limit operating leverage, reduce investment capacity, and delay realization of longer-term earnings targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Revenue Base
The high recurring-revenue mix provides Fiserv with a durable base of contracted and processing-related income. This supports visibility through changing transaction conditions, strengthens client retention economics, and creates an ongoing platform for cross-selling software and value-added services.
Read all positive factors
Fiserv Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows operating profit for each business segment to reveal which areas are most profitable, where margins are expanding or contracting, and how segment-level performance affects overall earnings and capital allocation decisions.
Shows operating profit for each business segment to reveal which areas are most profitable, where margins are expanding or contracting, and how segment-level performance affects overall earnings and capital allocation decisions.
Data provided by:
The Fly
The FlyFiserv (FISV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.26B
Dividend Yield0.49%
Average Volume (3M)6.95M
Price to Earnings (P/E)8.7
Beta (1Y)0.50
Revenue Growth-1.17%
EPS Growth-13.24%
CountryUS
Employees38,000
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.22
Shares Outstanding531,766,700
10 Day Avg. Volume6,814,102
30 Day Avg. Volume6,951,122
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)1.43
Price to Sales (P/S)1.74
P/FCF Ratio8.58
Enterprise Value/Market Cap2.21
Enterprise Value/Revenue2.57
Enterprise Value/Gross Profit5.44
Enterprise Value/Ebitda7.20
Forecast
1Y Price Target
$60.00Price Target Upside14.42% Upside
Rating ConsensusHold
Number of Analyst Covering22
EPS Forecast (FY)7.24
Revenue Forecast (FY)$19.55B
Fiserv Business Overview & Revenue Model
Company Description
Fiserv, Inc. is a global provider of technology solutions for payments and financial services. Its operations are structured into three primary segments: Acceptance, Fintech, and Payments. The Acceptance segment enables businesses to process trans...
How the Company Makes Money
Fiserv primarily makes money by charging clients (financial institutions and merchants) for technology platforms and transaction processing that enable payments and banking operations. Key revenue streams generally include: (1) Merchant acceptance...
Fiserv Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: strong cash generation, meaningful commercial wins (Clover, Commerce Hub, Finxact), operational improvements (incident reduction) and balance-sheet actions are clear positives. However, notable near-term headwinds — including Argentina macro effects, delayed client implementations, hardware market softness, and incremental H2 investments that reduce margins — led to lowered H2 and full-year revenue/margin expectations. Management frames much of the weakness as timing/transition related and is pursuing portfolio review and targeted investments to drive medium-term improvement.Positive Updates
Strong Free Cash Flow and Conversion
Generated $1.1 billion in free cash flow in Q2 with free cash flow conversion of 112% for the quarter and a target of ~90% conversion for 2026 and beyond, supporting deleveraging and capital return.
Negative Updates
Revenue Declines and Lowered Full-Year Guidance
Q2 total company adjusted and organic revenue were $4.96 billion, down 4% and 5% year-over-year respectively; updated full-year organic revenue guidance narrowed to -1% to flat and adjusted operating margin to 31.0%–31.5%, reflecting weaker H2 expectations.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Free Cash Flow and Conversion
Generated $1.1 billion in free cash flow in Q2 with free cash flow conversion of 112% for the quarter and a target of ~90% conversion for 2026 and beyond, supporting deleveraging and capital return.
Read all positive updates
Company Guidance
Fiserv updated 2026 guidance calling for second‑half adjusted revenue to grow about 2% (Q3 down low‑single digits, Q4 up ~mid‑single digits), which implies full‑year organic revenue of –1% to flat and adjusted revenue of about –1.5% to –0.5%; adjusted operating margin is expected to be ~31.0%–31.5% and adjusted EPS $7.20–$7.40. Management said the margin outlook reflects roughly 50 bps of incremental H2 technology/infrastructure investment, ~50 bps from Argentina anticipation and ~150–200 bps from lower/timed revenue, and they will invest >$100M in H2; capex is expected in the high‑single‑digits % of adjusted revenue and free‑cash‑flow conversion is targeted at ~90% for the year (Q2 FCF was $1.1B with 112% conversion; Q2 adjusted operating margin was 31.8% and Q2 adjusted EPS was $1.84). On capital and longer‑term targets they finished the quarter with gross debt/EBITDA below ~3.2x (targeting ~3x year‑end), repurchased 1.7M shares (~$100M) this quarter, issued $1B of eurobonds, have identified $500M+ of Project Elevate savings, and reaffirmed medium‑term goals of ~50 bps annual margin expansion starting 2027, >200 bps Project Elevate margin improvement by 2029 and double‑digit adjusted EPS CAGR for 2027–2029; merchant‑specific targets include Clover GPV growth of 10%–15% ex gateway conversion, mid‑single‑digit reported Clover revenue in 2026 and 15%–20% medium‑term Clover revenue growth.Fiserv Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.87B | 21.19B | 20.46B | 19.09B | 17.74B | 16.23B |
| Gross Profit | 9.85B | 12.58B | 12.44B | 11.42B | 9.74B | 8.10B |
| EBITDA | 7.45B | 8.96B | 8.84B | 8.02B | 6.83B | 5.56B |
| Net Income | 2.80B | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 80.89B | 80.13B | 77.18B | 90.89B | 83.87B | 76.25B |
| Cash, Cash Equivalents and Short-Term Investments | 627.00M | 798.00M | 1.24B | 1.20B | 902.00M | 835.00M |
| Total Debt | 27.89B | 29.12B | 24.96B | 23.24B | 21.54B | 21.24B |
| Total Liabilities | 53.96B | 54.32B | 49.49B | 60.22B | 52.18B | 44.30B |
| Stockholders Equity | 26.90B | 25.79B | 27.07B | 29.86B | 30.83B | 30.95B |
Cash Flow | ||||||
| Free Cash Flow | 3.93B | 4.30B | 5.06B | 3.77B | 3.14B | 2.87B |
| Operating Cash Flow | 5.83B | 6.06B | 6.63B | 5.16B | 4.62B | 4.03B |
| Investing Cash Flow | -1.72B | -2.52B | -2.40B | -1.07B | -2.11B | -1.63B |
| Financing Cash Flow | -5.05B | -3.83B | -4.17B | -4.36B | -2.48B | -761.00M |
Fiserv Technical Analysis
Negative
52.44
Price Trends
50.20
Negative
51.23
Negative
56.19
Negative
Market Momentum
-1.39
Negative
40.01
Neutral
65.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FISV, the sentiment is Negative. The current price of 52.44 is above the 20-day moving average (MA) of 46.64, above the 50-day MA of 50.20, and below the 200-day MA of 56.19, indicating a bearish trend. The MACD of -1.39 indicates Negative momentum. The RSI at 40.01 is Neutral, neither overbought nor oversold. The STOCH value of 65.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FISV.
Fiserv Risk Analysis
Fiserv disclosed 36 risk factors in its most recent earnings report. Fiserv reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fiserv Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $18.68B | 17.07 | 40.25% | 2.43% | 8.53% | 35.29% | |
81 Outperform | $10.47B | 21.39 | 23.49% | 1.61% | 6.66% | 11.84% | |
75 Outperform | $43.48B | 13.80 | 32.90% | 4.88% | -0.64% | 5.69% | |
74 Outperform | $26.67B | 12.70 | 14.94% | 2.20% | 5.64% | -5.39% | |
70 Outperform | $17.55B | 5.21 | 22.57% | 5.05% | 18.26% | 2280.55% | |
67 Neutral | $24.26B | 8.74 | 10.77% | 0.49% | -1.17% | -13.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FISV
Fiserv
45.63
-76.92
-62.77%
BR
Broadridge Financial Solutions
165.45
-62.02
-27.27%
CTSH
Cognizant
59.20
-5.68
-8.75%
FIS
Fidelity National Info
34.04
-30.79
-47.50%
INFY
Infosys
10.73
-5.54
-34.05%
JKHY
Jack Henry & Associates
149.31
-0.60
-0.40%
Fiserv Corporate Events
Executive/Board Changes
Fiserv Announces Leadership Transition in Legal Executive Roles
Neutral
Sep 22, 2026
On September 16, 2026, Fiserv, Inc. announced that Adam L. Rosman resigned as Chief Administrative Officer and Chief Legal Officer, with his departure effective September 30, 2026. The leadership transition places Eric C. Nelson, currently General...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.