Fiserv (NASDAQ:FISV) Announces Earnings Results, Beats Expectations By $0.03 EPS

Fiserv (NASDAQ:FISV) posted its quarterly earnings data on Tuesday. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03, Zacks reports. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.85 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. Fiserv’s revenue was down 1.3% compared to the same quarter last year.

Here are the key takeaways from Fiserv’s conference call:

• Revenue trends stabilized in Q3, with organic revenue flat year over year after the Q2 trough. Fiserv expects both Merchant Solutions and Financial Solutions to return to organic growth in Q4, with merchant revenue projected to grow 6%–8%.
• Banking attrition appears to be improving, with revenue-based core losses down 17% year to date and client wins up more than 50%. Management expects these gains to begin benefiting revenue in 9–12 months, although current banking revenue still reflects prior-period attrition.
• Fiserv increased its Project Elevate savings target to $1 billion from $500 million, supporting a long-term goal of approximately 37% adjusted operating margin. Savings are expected to be weighted toward periods beyond 2027 as the company consolidates technology, exits non-core products, and deploys AI.
• The company plans to resume share repurchases with $500 million in buybacks during Q4, while targeting year-end gross leverage of approximately 3 times. Potential proceeds from non-core asset transactions could also be used for additional buybacks and debt reduction.
• Q3 adjusted revenue declined 1% to $4.85 billion, while Merchant Solutions organic revenue fell 2% and Financial Solutions banking organic revenue declined 5%. GAAP EPS was also reduced by a $12.04-per-share non-cash goodwill impairment charge tied to the sustained decline in Fiserv’s share price and market capitalization.

Fiserv Trading Up 12.5%

NASDAQ FISV opened at $58.40 on Wednesday. The stock has a market capitalization of $31.06 billion, a P/E ratio of 11.21, a P/E/G ratio of 5.19 and a beta of 0.85. The business has a 50 day simple moving average of $48.74 and a 200 day simple moving average of $54.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv has a one year low of $43.87 and a one year high of $70.41.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets set a $48.00 price target on Fiserv and gave the company a “market perform” rating in a research report on Tuesday, October 27th. Susquehanna lowered their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 21st. Finally, B. Riley Financial decreased their target price on shares of Fiserv from $66.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, September 28th. Five analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.58.

Key Stories Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv reported third-quarter adjusted EPS of $1.75, slightly ahead of the $1.72 consensus, and reaffirmed its 2026 outlook. The company doubled its Project Elevate savings target to $1 billion from $500 million and plans to buy back $500 million of shares in the fourth quarter. Fiserv third-quarter results
• Positive Sentiment: Fiserv’s October Small Business Index showed sales up 2.3% year over year, the strongest annual gain since July 2025, offering a constructive signal for payments activity ahead of the holiday season. Fiserv Small Business Index
• Neutral Sentiment: Goldman Sachs raised its price target, while cautioning that a full turnaround will take time—suggesting improved expectations but continued execution risk. Goldman Sachs price target and turnaround outlook
• Negative Sentiment: Results were weak beneath the adjusted-earnings beat: organic revenue was flat, reported revenue declined about 1%, and adjusted EPS fell from $2.04 a year earlier. A $6.45 billion goodwill impairment drove a large GAAP loss, while pressure in Merchant Solutions weighed on profitability. Fiserv earnings and impairment analysis
• Negative Sentiment: Fiserv has cut about 3,000 employee and contractor positions since June. The reductions may support savings, but also underscore the scale of the company’s restructuring and the challenges behind its turnaround. Reuters report on job cuts

Insider Transactions at Fiserv

In other Fiserv news, Director Lance Fritz purchased 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.