FISERV INCFISV
FISERV INC Financial Overview 2021–2025
Updated Aug 8, 2026Fiserv repurchased $5.6 billion in common stock during FY2025, highlighting a capital return engine that the market valued at just 10.6x earnings and a share price of $67.17 at the close of that year. The payments provider has historically leaned on its Clover platform and strategic acquisitions to drive scale, but abrupt margin contraction and executive turnover now threaten its operational consistency.
The company’s top line expanded steadily over a multi-year period, as revenue grew from $16.2 billion in FY2021 to $21.2 billion in FY2025. Profitability initially followed suit, peaking at $5.9 billion in operating income in FY2024 on the back of aggressive cost synergies. However, the financial narrative fractured in FY2025 when operating income slipped 1% year-over-year as heavy expenses from the "One Fiserv" transformation plan outpaced a 4% top-line expansion.
Those internal cost pressures compounded into fundamental deterioration in the first half of the following year. By Q2 2026, revenue declined 4% and operating income plummeted 40% year-over-year due to lower product sales and ballooning personnel costs. Alongside the financial weakness, the company has suffered rapid leadership instability—cycling through three chief executives between early 2025 and mid-2026—forcing a strategic reset amidst a deteriorating bottom line.
Recent Developments (Q1 and Q2 2026)
Operational turnover accelerated in the first half of 2026 as executive departures coincided with continued margin compression. Following the sudden resignation of CEO Michael P. Lyons in June 2026, newly appointed chief Takis Georgakopoulos took the helm just weeks before President Dhivya Suryadevara abruptly exited in July 2026. This leadership transition occurred alongside a weak Q1 2026, where operating margins contracted to 18.3% from 27.2%. This contraction pushed operating income down 34% year-over-year to $918 million on $5.03 billion in total revenue. Despite a $154 million pre-tax gain on early debt extinguishment in Q2 2026, net income still fell 39% for the period.
Bulls can argue that at 8.2x earnings as of August 7, 2026, the stock price of $51.68 largely prices in the current distress. Bears will counter that lower product sales and elevated transformation expenses could drive further fundamental downside before a turnaround materializes.
What to watch: progress on the planned divestiture of the student loan servicing business; margin stabilization under new CEO Takis Georgakopoulos.
Rev
$21.19B
FY2025
NI
$3.48B
FY2025
EPS
$6.36
FY2025
OCF
$6.06B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All FISV Financial Metrics(58)
Income Statement
Balance Sheet
- Cash & ST Investments
- Total Assets
- Current Assets
- Cash
- Receivables
- Prepaid & Other
- PP&E
- Goodwill
- Intangibles
- Other Non-current
- Total Liabilities
- Current Liabilities
- Accounts Payable
- Accrued Liabilities
- Short-Term Debt
- Deferred Revenue
- Long-Term Debt
- Other Non-current Liab.
- Equity
- Retained Earnings
- Accumulated OCI
- APIC
- Treasury Stock
- NCI
- Total L&E
Cash Flow
Recent SEC Filings
FISERV INC 8-K Report, Financial Results (Aug 6, 2026)
Fiserv, Inc. (FISV) has filed an 8-K report on August 6, 2026, to announce its financial results for the quarter ended June 30, 2026. While the 8-K itself is brief, it incorporates by reference a press release (Exhibit 99.1) containing the detailed financial performance for the period. Investors should refer to this attached press release for comprehensive information regarding revenue, profitability, and other key financial metrics. This filing serves as a notification to the market that Fiserv has disclosed its quarterly performance. Investors and analysts will be scrutinizing the press release for details on the company's operational efficiency, growth drivers, and any forward-looking statements or guidance provided by management. The inclusion of the press release as an exhibit is standard practice for this type of announcement and is crucial for understanding the company's current financial standing and future outlook.
FISERV INC 8-K Report, Executive Changes (Jul 7, 2026)
Fiserv, Inc. (FISV) has announced a significant leadership change with the resignation of Dhivya Suryadevara as President, effective July 7, 2026. The resignation is stated to be for "good reason" as per her offer letter and severance policies, suggesting potential contractual obligations and payouts for Ms. Suryadevara. She will remain with the company in a non-executive capacity through July 31, 2026, to ensure a smooth handover of her responsibilities. In response to this departure, Fiserv has appointed Andrew Gelb and Srini Krish as interim co-leaders of the Financial Solutions business. Mr. Gelb, currently EVP and COO of Financial Solutions, has extensive experience within the company, including leading issuer solutions. Mr. Krish, Head of Technology and Operations for Financial Solutions, brings deep expertise in technology, operations, and previously served as the global CIO. This interim appointment aims to maintain stability and operational continuity within a key business segment during this transition period.
FISERV INC 8-K Report, Material Agreement (Jun 23, 2026)
Fiserv, Inc. (FISV) has announced the successful closing of a substantial debt offering, issuing €1 billion in aggregate principal amount of senior notes. This includes €500 million in 3.750% Senior Notes due 2030 and €500 million in 4.250% Senior Notes due 2034. The net proceeds from this offering are expected to be used for general corporate purposes. The issuance was conducted under existing indenture agreements, with specific supplemental indentures established for each note series. The new notes carry interest rates of 3.750% and 4.250% respectively, with maturities in 2030 and 2034. The company retains the option to redeem these notes under certain conditions, including a "par call" option prior to maturity. Notably, in the event of a "change of control triggering event," Fiserv is obligated to offer to repurchase these notes at 101% of their principal amount, plus accrued interest, providing a degree of protection to noteholders.
FISERV INC 8-K Report, Material Agreement (Jun 17, 2026)
Fiserv, Inc. (FISV) has announced a significant debt financing transaction through an Underwriting Agreement dated June 16, 2026. The company is set to issue €1,000,000,000 in aggregate principal amount of senior notes, comprised of €500,000,000 of 3.750% Senior Notes due 2030 and €500,000,000 of 4.250% Senior Notes due 2034. This public offering is being facilitated by a syndicate of underwriters led by Citigroup Global Markets Limited, J.P. Morgan Securities plc, TD Global Finance unlimited company, and Wells Fargo Securities International Limited. This move indicates Fiserv's strategy to strengthen its capital structure and potentially fund ongoing operations, strategic initiatives, or refinance existing debt. The offering is expected to close on June 23, 2026, subject to standard closing conditions. Investors should note the specific coupon rates and maturity dates of these new notes, which will become part of Fiserv's outstanding debt obligations.
FISERV INC 8-K Report, Regulation FD Disclosure (Jun 16, 2026)
Fiserv, Inc. (FISV) has announced the commencement of a cash tender offer for all of its outstanding 5.150% Senior Notes due 2027 and 4.400% Senior Notes due 2049. This move suggests a proactive approach by Fiserv to manage its existing debt obligations, potentially optimizing its capital structure or taking advantage of current market conditions. Investors should note that the success of this tender offer is contingent on the completion of a new euro-denominated senior notes offering, indicating a refinancing strategy is in play.
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