EarningsQ2 2026 Earnings Report
MX:FISV Q2 2026 EPS Results
Actual EPS$33.30
Consensus EPS$34.56
Beat/MissMissed by -$1.27
One Year Ago EPS$44.70
MX:FISV Q2 2026 Revenue Results
Actual Revenue$95.76B
Expected Revenue$91.19B
Beat/MissBeat by +$4.57B
YoY Revenue Growth-4.06%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:FISV Upcoming Earnings
Fiserv's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:FISV Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
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.Company Guidance
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.
Recurring Revenue Stability
Recurring revenue grew 2% in Q2 and represents ~84–85% of total adjusted revenue, providing a stable revenue base despite headline declines.
Clover GMV and Revenue Momentum
Clover GPV grew 9% reported (11% ex gateway conversion); Clover revenue grew 2% reported, would have been ~11% excluding higher nonrecurring 2025 revenue and ~13% excluding anticipation; medium-term Clover GPV target 10–15% and Clover revenue target 15–20%.
Operational Improvements and Stability
Reported a 70% reduction in Financial Solutions client-facing incidents and completed merchant platform modernizations (Commerce Hub) that have driven a dramatic increase in enterprise pipeline.
Strategic Partnerships and Commercial Wins
Signed strategic Commerce Hub partnership with Mastercard; Western Alliance Bank went live on Clover (adding nearly 40 of top 100 banks working with Clover), TD Canada partnership scaling Clover across 1,000+ branches, Restaurant Depot digital activation, and multiple core/Finxact wins (e.g., UW Credit Union, Flagstar expansion).
Finxact and Embedded Finance Traction
Finxact positions and accounts grew over 75%; pipeline in embedded finance strong; agentOS interest expanded to 100+ institutions, and CashFlow Central pipeline remains large with implementation timelines reduced ~50% vs. a year ago.
Healthy Margin and Profitability Metrics
Q2 adjusted operating margin was 31.8% and adjusted operating income totaled nearly $1.6 billion; segment operating income included $781 million for Merchant Solutions and $912 million for Financial Solutions.
Balance Sheet Actions and Capital Allocation
Finished quarter with gross debt/EBITDA below 3.2x, completed a $1.4 billion tender and $1.2 billion in repurchases (open market + tender), repurchased 1.7 million shares for ~$100 million, and issued $1 billion in eurobonds to lower cost of capital; Project Elevate identified at least $500 million of savings opportunities.
MX:FISV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed