01—Abstract
Summary
Summary of the 8-K filed November 3, 2026. Cited figures are marked; the original filing is the authoritative source.
Fiserv, Inc. reported its third quarter 2026 financial results on November 3, 2026.
The company announced a significant non-cash goodwill impairment charge of $6.45 billiona, leading to a substantial GAAP net loss of $(5,941) million, or $(11.17) per share. Despite this GAAP impact, adjusted earnings per share (EPS) came in at $1.75. Total GAAP revenue declined 1% year-over-year to $5.20 billion, while organic revenue remained flat for the quarter, driven by stable performance in Financial Solutions and a slight decline in Merchant Solutions.
Operationally, Fiserv is seeing positive signs such as reduced net attrition in banking and progress on client wins. The company has also raised its 'Project Elevate' cost savings target to $1 billionb and announced plans to repurchase $500 million of its common stock in the fourth quarter of 2026. Fiserv reaffirmed its full-year 2026 outlook for organic revenue and adjusted EPS, indicating confidence in its strategic initiatives and expected revenue acceleration.
02—Key points
Key Highlights
- Significant $6.45 billion non-cash goodwill impairment charge impacting GAAP results.
- Adjusted EPS of $1.75 for the third quarter, demonstrating underlying operational profitability.
- GAAP revenue down 1% to $5.20 billion; organic revenue was flat for Q3 2026.
- Financial Solutions segment revenue was flat, while Merchant Solutions segment revenue declined 1% year-over-year on an organic basis.
- Company raised its 'Project Elevate' cost savings target to $1 billion from $500 million.
- Fiserv plans to repurchase $500 million of its common stock in the fourth quarter of 2026.
- Full-year 2026 organic revenue and adjusted EPS outlook reaffirmed.
03—Questions
Frequently Asked Questions
What is the reason for the significant GAAP net loss in the third quarter?
The substantial GAAP net loss of $(5,941) million, or $(11.17) per share, is primarily due to a non-cash goodwill impairment charge of $6.45 billion recorded in the quarter. This charge reflects a reassessment of the carrying value of goodwill, impacted by factors such as sustained decreases in the company's share price and market capitalization.
How is the company's underlying business performing despite the GAAP loss?
Underlying business performance is better reflected in the adjusted figures. Adjusted earnings per share (EPS) was $1.75 for the third quarter, and adjusted revenue was $4.85 billion. Organic revenue was flat, indicating stable performance when excluding the impact of currency, acquisitions, and divestitures. The company also noted a 2% growth in Financial Solutions organic revenue.
What are the key strategic initiatives Fiserv is undertaking?
Fiserv is focusing on driving efficiency and innovation through its 'Project Elevate' initiative, which has seen its cost savings target raised to $1 billion. The company is also embracing an 'AI-everywhere' mindset to improve products and operations. These efforts are aimed at simplifying the organization and delivering differentiated client value.
What is the company's outlook and capital allocation plan for the near future?
Fiserv has reaffirmed its full-year 2026 outlook for organic revenue and adjusted EPS. Furthermore, the company plans to return capital to shareholders by repurchasing $500 million of its common stock in the fourth quarter of 2026, signaling confidence in its financial position and future prospects.
04—Continue