Loading
Sentiment · FY2026 Q2
Revenue declined 2% with EPS of $1.79 down 29% as Fiserv navigated the trough of its One Fiserv reset, with Financial Solutions organic revenue declining 6%. Clover grew 6% reported but mid-teens excluding nonrecurring comparisons, and management reiterated full-year FY2026 guidance of $8.00-$8.30 EPS unchanged. Project Elevate AI efficiencies began delivering measurable cost savings, though client attrition remained elevated as the strategic pivot continued.
Revenue Growth | Demand | Competitive Dynamics | Guidance Reliability | Product Launch | Geographic Expansion | Margin | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 5 | 1 | 2 | 1 | |||
| 2025Q1 | 5 | 4 | 3 | 3 | 2 | 2 | ||
| 2025Q2 | 5 | 1 | 3 | 1 | 1 | 1 | ||
| 2025Q3 | 3 | 1 | 3 | 1 | ||||
| 2025Q4 | 8 | 3 | 3 | 1 | 1 | 1 | 1 | |
| 2026Q1 | 6 | 2 | 5 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4 | 5 | 5 | 3 | 8 | 6 |
| Demand | 5 | 4 | 3 | 2 | ||
| Competitive Dynamics | 1 | 3 | 1 | 1 | 3 | 5 |
| Guidance Reliability | 3 | 3 | 1 | |||
| Product Launch | 2 | 1 | 1 | 2 | ||
| Geographic Expansion | 3 | 1 | 1 | |||
| Margin | 2 | 1 | 1 | 1 | ||
| Macroeconomic | 1 | 2 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.25B | +6.8% | $1.64 | +13.9% | 31.8% | 17.9% | $1.82B |
| FY2025 Q1 | $5.13B | +5.1% | $1.51 | +21.8% | 27.2% | 16.6% | $313M |
| FY2025 Q2 | $5.52B | +8.0% | $1.86 | +21.6% | 30.7% |
| 18.6% |
| $1.19B |
| FY2025 Q3 | $5.26B | +0.9% | $1.46 | +49.0% | 27.3% | 15.0% | $1.30B |
| FY2025 Q4 | $5.28B | +0.6% | $1.51 | -7.9% | 22.2% | 15.3% | $1.53B |
| FY2026 Q1 | $5.03B | -2.0% | $1.07 | -29.1% | 16.7% | 11.4% | $145M |
| FY2026 Q2 | $5.29B | -4.1% | $1.17 | -37.1% | 19.2% | 11.8% | $1.61B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tien-Tsin Huang | JPMorgan | 7 (29%) |
| Darrin Peller | Wolfe Research | 6 (17%) |
| Tim Chiodo | UBS | 6 (0%) |
| Will Nance | Goldman Sachs | 5 (40%) |
| Harshita Rawat | Bernstein | 5 (20%) |
| James Faucette | Morgan Stanley | 5 (0%) |
| Dan Dolev | Mizuho Securities | 5 (0%) |
| Jason Kupferberg | Wells Fargo | 5 (40%) |
| Dave Koning | Robert W. Baird | 5 (40%) |
| Jamie Friedman | Susquehanna | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 7 (29%) |
| UBS | 1 | 6 (0%) |
| Wells Fargo | 2 | 6 (33%) |
| Wolfe Research | 1 |
What FISV and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And through partnership with Fiserv and Blossom Mastercard One credential will be more easily accessible to community banks and credit unions.”
Mastercard is partnering with Fiserv to distribute Mastercard One credential to community banks and credit unions.
| 6 (17%) |
| Robert W. Baird | 1 | 5 (40%) |
| Morgan Stanley | 1 | 5 (0%) |
| Goldman Sachs | 1 | 5 (40%) |
| Mizuho Securities | 1 | 5 (0%) |
“even acquiring Smith Consulting to really drive value-added services to our depository partners, again, is another piece.”
Fiserv acquired Smith Consulting to drive value-added services to its depository (bank/credit-union) clients.
“Through integration with StoneCastle, we remain on track to launch Clover Savings, our merchant cash management program before the end of Q2.”
Fiserv is integrating its StoneCastle acquisition to launch Clover Savings, a merchant cash-management product, before the end of Q2.
“Truliant Federal Credit Union, a $5 billion-plus North Carolina-based institution chose to move to our debit processing platform.”
Truliant Federal Credit Union chose to migrate to Fiserv's debit processing platform, a Financial Solutions payments win.
“Nicolet National Bank, a $16 billion Wisconsin-based bank, is adopting our Premier Core with its Midwest One acquisition.”
Nicolet National Bank is adopting Fiserv's Premier Core in connection with its MidwestOne acquisition, a core-banking win.
“Key new business wins in Financial Solutions included OceanFirst Bank, which is a $14.5 billion Northeast regional bank that is growing rapidly through its announced acquisition of Flushing Bank.”
OceanFirst Bank extended its Fiserv premier core agreement and committed to additional products, a Financial Solutions new-business win.
“we remain on track to enable TD Merchant Solutions to provide Clover's product offering, processing and servicing to its clients in second half of the year.”
Fiserv is on track to power TD Merchant Solutions with Clover product, processing and servicing in Canada in the second half of the year.
“We expanded our long-standing digital money movement relationship with PNC Bank to include cash flow central AR/AP Services for their small businesses.”
PNC expanded its existing Fiserv relationship to add CashFlow Central AR/AP services for its small-business clients, a win for Fiserv's Financial Solutions.
“We also announced our largest agent bank partnership in our history with Western Alliance Bank, which has more than $90 billion in assets and expands our reach with merchants across the Western U.S.”
Fiserv signed its largest-ever agent bank partnership with Western Alliance Bank, extending merchant-acquiring distribution across the Western U.S.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FISV Fiserv, Inc. | 3 | -2.0% | |
| ACN Accenture | 8 | +8.3% | |
| BR Broadridge Financial Solutions | 8 | +7.8% | |
| CDW CDW | 8 | +9.3% | |
| CTSH Cognizant | 8 | +5.8% | |
| EPAM EPAM Systems | 8 | +7.6% | |
| FIS Fidelity National Information Services | 7 | +30.1% | |
| IBM International Business Machines Corporation | 8 | +9.5% | |
| IT Gartner | 8 | +2.0% | |
| JKHY Jack Henry & Associates | 8 | +8.7% | |
| LDOS Leidos | 7 | +3.6% |