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FISVFiserv, Inc.
$50.86$27.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FISV logo

Fiserv, Inc.

FISV
NASDAQ · IT Services
$50.86
At close - Sep 8, 4:00 PM EDT - USD
Market Cap$27.12B
P/E8.0x
52W High$136.60
Volume15M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Compression and Leverage Cloud Fiserv's Outlook

Fiserv's recent financial performance reveals a concerning trajectory: revenue growth has turned negative (-4.1% in Q2 2026) and gross margins have collapsed from 61.2% in Q2 2024 to 19.2% in Q2 2026, indicating severe cost pressures or a mix shift. While the ...

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FISV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-66% Peers

P/E is 66% below peer median

03

Market leadership

RS 30 · Lag

Laggard (Underperforming 70% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth decelerated from 7.4% in Q2 2024 to -4.1% in Q2 2026, while gross margin plummeted from 61.2% to 19.2% over the same period, signaling severe pricing or cost structure issues.

Analyst Consensus+22.8% target
Buy(61 analysts)
33 Buy28 Hold0 Sell

The Bull Case

Upside Catalysts

Fintech and payments leader

Fiserv is a global fintech and payments company with comprehensive solutions for banking, merchant acquiring, and point-of-sale, positioning it well in the growing digital payments space.

Undervalued stock opportunity

The stock's significant decline from previous highs presents a potential buying opportunity, with a trailing P/E of 10.25 and forward P/E of 7.99 indicating undervaluation.

Strategic acquisitions driving growth

Fiserv's rapid growth has been fueled by strategic acquisitions, such as First Data and Citicorp Information Resources, enhancing its capabilities and market reach.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FISV-22.46%
S&P 500 (^GSPC)+12.12%
1-Year Return
FISV-62.38%
S&P 500 (^GSPC)+18.05%
3-Year Return
FISV-58.17%
S&P 500 (^GSPC)+67.69%
5-Year Return
FISV-56.53%
S&P 500 (^GSPC)+62.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
8.0x
Forward P/EExpansion
7.0x
EV/EBITDA0th %ile
6.3x
FCF YieldCash Flow
16.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.0x
26.7x
0th· Low
EV/EBITDA
6.3x
12.8x
0th· Low
Price/FCF
6.2x
21.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$158.57+211.8%
Base (Fair)$276.49+421.7%
Bull$404.56+695.4%
$158.57 Bear$276.49 Base$404.56 Bull
Current Market Price: $50.86
Trades at a 81.6% discount to Base DCF ($276.49)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$21.19B+3.6% YoY
Net income
$3.48B+11.1% YoY
Free cash flow
$4.34B-14.2% YoY
Operating margin
26.9%-1.9 pts YoY
ROIC (TTM)8.1%
Avg ROIC 5Y-
ROE (TTM)13%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$1.84-3.7%
vs $1.91
$5.0B-1.5%
vs $5.0B
Q2 2026
May 5, 2026
$1.79+14.0%
vs $1.57
$4.7B-1.1%
vs $4.7B
Q1 2026
Feb 10, 2026
$1.99+4.7%
vs $1.90
$4.9B-0.1%
vs $4.9B
Q4 2025
Oct 29, 2025
$2.04-22.7%
vs $2.64
$5.3B-1.5%
vs $5.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·6d ago
Fiserv Small Business Index Shows YoY Sales Growth in August as Consumers Continue to Spend More on Fewer Visits

MILWAUKEE, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for August 2026, revealing a continued divide between consumer spending and consumer visits.

GlobeNewsWire·Aug 27, 2026
Fiserv to Present at Upcoming Investor Conference

MILWAUKEE, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in an upcoming investor conference in September.

Defense World·Aug 26, 2026
Bank of Nova Scotia Makes New $3.33 Million Investment in Fiserv, Inc. $FISV

Bank of Nova Scotia purchased a new stake in Fiserv, Inc. (NASDAQ: FISV) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,972 shares of the business services provider's stock, valued at approximately $3,334,000. Other large investors also recently

Seeking Alpha·Aug 25, 2026
Fiserv: Potential Asset Sales, Activists, And Clover Outweigh Missteps

Fiserv remains a 'Strong Buy,' with pessimism priced in and significant asset value, notably in Clover. Activist pressure and potential asset sales, including the debit card network, could unlock value and catalyze a re-rating. Recent results show margin compression and revenue declines, but margin recovery and revenue growth are expected in late 2026 and 2027.

Filtered for Fiserv, Inc.More Headlines
04

Compare before deciding

Benchmark FISV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Fiserv, Inc. (FISV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FISV logoFISVFiserv, Inc.Current
$50.86$27.12B8.023.6%16.42%13.01%—
FIS logoFISFidelity National Information Services, Inc.
$39.42$20.38B52.565.43%27.15%22.56%—
GPN logoGPNGlobal Payments Inc.
$89.42$22.2B15.34-23.75%-9.38%-3.99%—
JKHY logoJKHYJack Henry & Associates, Inc.
$159.83$11.36B25.617.21%19.85%23.49%—
V logoVVisa Inc.
$368.64$688.27B36.1411.69%50.78%61.26%—
MA logoMAMastercard Incorporated
$570.89$504.42B34.5616.53%46.34%232.28%—

Compare FISV vs Peers

Fiserv, Inc. (FISV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FIS

Most directly comparable listed peer for FISV.

Scale Benchmark

vs JPM

Larger-name benchmark to compare FISV against a more recognizable public peer.

Peer Set

Compare Top 5

vs FIS, GPN, JKHY, V

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FISV SEC Filings & Documents

Fiserv, Inc. (FISV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 7, 2026·SEC

Material company update

Jun 23, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 7, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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FISV Frequently Asked Questions

Fiserv, Inc. (FISV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fiserv, Inc.'s revenue?

Fiserv, Inc. (FISV) reported $20.87B in revenue for fiscal year 2025. This represents a 2273% increase from $879.4M in 1996.

How fast is Fiserv, Inc. growing?

Fiserv, Inc. (FISV) grew revenue by 3.6% over the past year. Growth has been modest.

Is FISV profitable?

Yes, Fiserv, Inc. (FISV) is profitable, generating $2.80B in net income for fiscal year 2025 (16.4% net margin).

Dividend & Returns
What is FISV's return on equity?

Fiserv, Inc. (FISV) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.

What is Fiserv, Inc.'s free cash flow?

Fiserv, Inc. (FISV) generated $3.93B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FISV back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →