FISV

MKT CAP:$33B

Fiserv, Inc.

Market Cap

$33B

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$60.55-$5.04 (-7.68%)

Apr 24, 2026

Company Details

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acqu...

CEO

Michael Patrick Lyons

IPO Date

Sep 25, 1986

Website

www.fiserv.com

Key Metrics TTM

Revenue

$21.2B

+5.3% YoY

Net Income

$3.5B

EPS (Diluted)

$6.34

Free Cash Flow

$4.3B

Revenue / Share

$39.47

Gross Margin

59.4%

Operating Margin

26.9%

Net Margin

16.4%

FCF Margin

20.4%

P/S

1.5x

P/E

9.3x

Earnings Reports

FY 2025

Feb 19, 2026

$21.2BEPS $6.34

Q4 2025

Feb 19, 2026

$5.3BEPS $1.51

Q3 2025

Oct 30, 2025

$5.3B+0.9%EPS $1.46

Q2 2025

Jul 24, 2025

$5.5B+8.0%EPS $1.86

Q1 2025

Apr 25, 2025

$5.1B+5.1%EPS $1.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$1.4B	$638M	$372M
Q3 17	$1.4B	$654M	$370M
Q1 18	$1.4B	$681M	$608M
Q2 18	$1.4B	$681M	$358M
Q3 18	$1.4B	$663M	$356M
Q4 18	$1.6B	$729M	$431M
Q1 19	$1.5B	$704M	$373M
Q2 19	$1.5B	$727M	$384M
Q4 23	$4.9B	$3.1B	$1.4B
Q1 24	$4.9B	$2.9B	$1.2B
Q2 24	$5.1B	$3.1B	$1.4B
Q3 24	$5.2B	$3.2B	$1.6B
Q1 25	$5.1B	$3.1B	$1.4B
Q2 25	$5.5B	$3.4B	$1.7B
Q3 25	$5.3B	$3.1B	$1.4B
Q4 25	$5.3B	$3.0B	$1.2B

Valuation

Quarter	P/S	P/E
Q2 17	4.5x	28.2x
Q3 17	4.8x	29.2x
Q1 18	5.1x	25.5x
Q2 18	5.3x	26.6x
Q3 18	5.6x	28.2x
Q4 18	5.0x	24.3x
Q1 19	6.0x	35.4x
Q2 19	9.1x	56.3x
Q4 23	8.4x	49.8x
Q1 24	7.2x	45.0x
Q2 24	5.1x	31.0x
Q3 24	5.2x	33.9x
Q1 25	6.0x	40.1x
Q2 25	4.5x	28.0x
Q3 25	3.3x	21.9x
Q4 25	1.7x	10.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	$228M	$168M
Q3 17	$324M	$252M
Q1 18	$372M	$295M
Q2 18	$241M	$149M
Q3 18	$368M	$274M
Q4 18	$571M	$474M
Q1 19	$373M	$275M
Q2 19	$206M	$94M
Q4 23	$1.6B	$1.2B
Q1 24	$831M	$411M
Q2 24	$1.3B	$993M
Q3 24	$2.2B	$1.8B
Q1 25	$648M	$313M
Q2 25	$1.7B	$1.2B
Q3 25	$1.8B	$1.3B
Q4 25	$2.0B	$1.5B

Capital Expenditures

Quarter	CapEx
Q2 17	$60M
Q3 17	$72M
Q1 18	$77M
Q2 18	$92M
Q3 18	$94M
Q4 18	$97M
Q1 19	$98M
Q2 19	$112M
Q4 23	$354M
Q1 24	$420M
Q2 24	$348M
Q3 24	$402M
Q1 25	$335M
Q2 25	$479M
Q3 25	$507M
Q4 25	$442M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	+1.7%	+1.3%
Q3 17	+1.4%	+1.9%
Q1 18	+0.6%	-21.2%
Q2 18	+1.9%	+3.2%
Q3 18	+1.9%	+4.1%
Q4 18	+10.8%	+8.7%
Q1 19	+4.3%	+35.7%
Q2 19	+6.5%	+6.2%
Q4 23	+248.2%	+228.7%
Q1 24	+214.8%	+230.5%
Q2 24	+240.0%	+225.9%
Q3 24	+244.9%	+220.3%
Q1 25	+4.3%	+7.6%
Q2 25	+13.0%	+3.2%
Q3 25	+3.1%	+4.0%
Q4 25	+1.3%	+13.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$17M	1.2%
Q3 17	$15M	1.1%
Q1 18	$19M	1.3%
Q2 18	$17M	1.2%
Q3 18	$18M	1.3%
Q4 18	$19M	1.2%
Q1 19	$19M	1.3%
Q2 19	$15M	1.0%
Q4 23	$67M	1.4%
Q1 24	$86M	1.8%
Q2 24	$99M	1.9%
Q3 24	$88M	1.7%
Q1 25	$124M	2.4%
Q2 25	$91M	1.6%
Q3 25	$87M	1.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q2 17	$276M
Q3 17	$284M
Q1 18	$305M
Q2 18	$320M
Q3 18	$305M
Q4 18	$298M
Q1 19	$341M
Q2 19	$343M
Q4 23	$1.6B
Q1 24	$1.7B
Q2 24	$1.7B
Q3 24	$1.6B
Q1 25	$1.7B
Q2 25	$1.7B
Q3 25	$1.8B
Q4 25	$1.7B

Revenue Segments

Quarter	Processing And Services	Product
Q2 24	$4.1B	$967M
Q3 24	$4.2B	$978M
Q1 25	$4.0B	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$863M	$0	$863M
Q2 22	$883M	$0	$883M
Q3 22	$893M	$0	$893M
Q4 22	$902M	$0	$902M
Q1 23	$1.0B	$0	$1.0B
Q2 23	$441M	$0	$441M
Q3 23	$720M	$0	$720M
Q4 23	$1.2B	$0	$1.2B
Q1 24	$596M	$0	$596M
Q2 24	$609M	$0	$609M
Q3 24	$617M	$0	$617M
Q4 24	$1.2B	$0	$1.2B
Q1 25	$641M	$0	$641M
Q2 25	$532M	$0	$532M
Q3 25	$884M	$0	$884M
Q4 25	$798M	$0	$798M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	433M	-1.3%	-4.1%
Q3 17	429M	-0.8%	-3.7%
Q1 18	422M	-1.7%	-4.1%
Q2 18	416M	-1.2%	-5.0%
Q3 18	412M	-1.1%	-4.8%
Q4 18	405M	-1.8%	-5.7%
Q1 19	399M	-1.4%	-5.3%
Q2 19	400M	+0.1%	-4.0%
Q4 23	603M	+50.8%	+46.3%
Q1 24	595M	-1.3%	+47.0%
Q2 24	585M	-1.6%	+46.7%
Q3 24	577M	-1.5%	+44.4%
Q1 25	565M	-2.1%	-6.3%
Q2 25	553M	-2.1%	-7.1%
Q3 25	542M	-2.0%	-7.4%
Q4 25	537M	-0.9%	-6.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	$60.3K	23K
Q3 17	$60.9K	23K
Q1 18	$60.0K	24K
Q2 18	$59.2K	24K
Q3 18	$58.8K	24K
Q4 18	$64.6K	24K
Q1 19	$62.6K	24K
Q2 19	$63.0K	24K
Q4 23	$117.1K	42K
Q1 24	$116.3K	42K
Q2 24	$121.6K	42K
Q3 24	$124.2K	42K
Q1 25	$135.0K	38K
Q2 25	$145.2K	38K
Q3 25	$138.5K	38K
Q4 25	$139.1K	38K

Revenue / Employee