Upside case
Bull case
$89+85.9%
FISV would need investors to value it at roughly 11x earnings — about 5x more generous than today's 6x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Fiserv, Inc. (FISV) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
60
analysts
35 bullish · 0 bearish · 60 covering FISV
Strong Buy
0
Buy
35
Hold
25
Sell
0
Strong Sell
0
Consensus Target
$71
+48.7% vs today
Scenario Range
$43 – $89
Model bear to bull value window
Coverage
60
Published analyst ratings
Valuation Context
5.9x
Forward P/E · Market cap $25.6B
FISV price targets
Three scenarios for where FISV stock could go
Current
~$48
Confidence
61 / 100
Updated
Jun 18, 2026
Where we are now
Current · $48
Bear
$43
Base
$68
Bull
$89
Market caseClosest to today
Base case
$68+41.1%
At 8x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$43-11.1%
If investor confidence fades or macro conditions deteriorate, a 1x multiple contraction could push FISV down roughly 11% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Fiserv, Inc.
FISV · NASDAQTechnologyInformation Technology ServicesDecember year-end
Fiserv is a global financial technology company that provides payment processing and banking solutions to merchants, financial institutions, and businesses. It generates revenue primarily through transaction fees from merchant payment processing (~40% of revenue), technology services for banks and credit unions (~35%), and card processing services (~25%). The company's competitive advantage lies in its massive scale — processing billions of transactions annually — and its deeply integrated Clover point-of-sale ecosystem that creates switching costs for merchants.
Market Cap
$25.6B
Revenue TTM
$21.1B
Net Income TTM
$3.2B
Net Margin
15.2%
FISV Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+1.1%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 2025
EPS
$2.47/$2.43
Revenue
$5.5B/$5.2B
Q4 2025
EPS
$2.04/$2.64
Revenue
$5.3B/$5.3B
Q1 2026
EPS
$1.99/$1.90
Revenue
$4.9B/$4.9B
Q2 2026
EPS
$1.79/$1.57
Revenue
$4.7B/$4.7B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $2.47/$2.43 | +1.6% | $5.5B/$5.2B | +6.2% |
| Q4 2025 | $2.04/$2.64 | -22.7% | $5.3B/$5.3B | -1.5% |
| Q1 2026 | $1.99/$1.90 | +4.7% | $4.9B/$4.9B | -0.1% |
| Q2 2026 | $1.79/$1.57 | +14.0% | $4.7B/$4.7B | -1.1% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$21.9B
+3.8% YoY
FY2
$22.4B
+2.5% YoY
EPS Outlook
FY1
$7.52
+25.7% YoY
FY2
$7.96
+5.9% YoY
Trailing FCF (TTM)$4.0B
FCF Margin: 19.0%
Next Earnings
July 22, 2026
Expected EPS
$1.92
Expected Revenue
$5.0B
FISV beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
FISV Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $20.5B
Product Mix
Latest annual revenue by segment or product family
Processing And Services
81.3%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Processing And Services is the largest disclosed segment at 81.3% of FY 2024 revenue, with no year-over-year comparison yet.
FISV Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $78 — implies +62.8% from today's price.
Upside to Fair Value
62.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FISV
7.5x
vs
S&P 500
24.4x
69% discount
vs Technology Trailing P/E
FISV
7.5x
vs
Technology
29.0x
74% discount
vs FISV 5Y Avg P/E
Today
7.5x
vs
5Y Average
30.7x
75% discount
Forward PE
5.9x
S&P 500
18.8x
-69%
Technology
22.3x
-74%
5Y Avg
—
—
Trailing PE
7.5x
S&P 500
24.4x
-69%
Technology
29.0x
-74%
5Y Avg
30.7x
-75%
PEG Ratio
0.21x
S&P 500
1.66x
-87%
Technology
1.51x
-86%
5Y Avg
—
—
EV/EBITDA
6.1x
S&P 500
15.2x
-60%
Technology
16.6x
-63%
5Y Avg
13.0x
-53%
Price/FCF
5.9x
S&P 500
20.7x
-72%
Technology
19.2x
-69%
5Y Avg
19.8x
-70%
Price/Sales
1.2x
S&P 500
3.1x
-61%
Technology
2.4x
-50%
5Y Avg
4.0x
-70%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | FISV | S&P 500 | Technology | 5Y Avg FISV |
|---|---|---|---|---|
| Forward PE | 5.9x | 18.8x-69% | 22.3x-74% | — |
| Trailing PE | 7.5x | 24.4x-69% | 29.0x-74% | 30.7x-75% |
| PEG Ratio | 0.21x | 1.66x-87% | 1.51x-86% | — |
| EV/EBITDA | 6.1x | 15.2x-60% | 16.6x-63% | 13.0x-53% |
| Price/FCF | 5.9x | 20.7x-72% | 19.2x-69% | 19.8x-70% |
| Price/Sales | 1.2x | 3.1x-61% | 2.4x-50% | 4.0x-70% |
| Dividend Yield | — | 1.91% | 1.11% | — |
FISV trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolFISV Financial Health
Verdict
Strong
FISV generates $4.0B in free cash flow at a 19.0% margin — returns 23.0% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$21.1B
Revenue Growth
TTM vs prior year
+1.9%
Gross Margin
Gross profit as a share of revenue
60.8%
Operating Margin
Operating income divided by revenue
24.4%
Net Margin
Net income divided by revenue
15.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$5.98
Free Cash Flow (TTM)
Cash generation after capex
$4.0B
FCF Margin
FCF as share of revenue — the primary cash quality signal
19.0%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
8.1%
ROA
Return on assets, trailing twelve months
4.0%
Cash & Equivalents
Liquid assets on the balance sheet
$798M
Net Debt
Total debt minus cash
$28.3B
Debt Serviceability
Net debt as a multiple of annual free cash flow
7.1× FCF
~7.1 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
12.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
23.0%
Dividend
—
Buyback
23.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$5.9B
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
535M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageFISV Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Earnings outlook cut
Fiserv stock plunged significantly after the company cut its full-year outlook, indicating underperformance.
Medium
Valuation uncertainty
Despite DCF models suggesting significant upside, market price divergence raises concerns about valuation accuracy.
Medium
Acquisition risks
Rapid growth through acquisitions, such as Citicorp Information Resources, may introduce integration and execution risks.
Lower
Market sentiment volatility
Algorithmic projections and analyst targets show mixed sentiment, with potential for bearish scenarios.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why FISV Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
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.
Bullish re-rating potential
With new leadership and improved execution, the stock could re-rate toward a bull case target of $85, driven by operational turnaround and investor confidence.
Strong free cash flow
Acquisitions like First Data have bolstered Fiserv's free cash flow, providing financial flexibility and supporting future growth initiatives.
Core processing and digital solutions
Fiserv's core processing systems and digital financial solutions, including the Clover merchant platform, are key drivers of its competitive advantage in the fintech sector.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
FISV Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$47.86
52W Range Position
0%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$47.37
+1.0% from the low
52-Week High
$177.36
-73.0% from the high
1 Month
-15.53%
3 Month
-16.12%
YTD
-27.0%
1 Year
-70.3%
3Y CAGR
-26.3%
5Y CAGR
-15.0%
10Y CAGR
-1.0%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
FISV vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
5.9x
vs 18.4x median
-68% below peer median
Revenue Growth
+3.8%
vs +12.0% median
-68% below peer median
Net Margin
15.2%
vs 22.9% median
-34% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FIS FISV Fiserv, Inc. | $25.6B | 5.9x | +3.8% | 15.2% | Buy | +48.7% |
FIS FIS Fidelity National Information Services, Inc. | $19.7B | 6.1x | +12.2% | 22.9% | Buy | +64.6% |
GPN GPN Global Payments Inc. | $15.8B | 4.8x | +19.3% | -8.0% | Buy | +30.8% |
JKH JKHY Jack Henry & Associates, Inc. | $9.1B | 18.4x | +6.1% | 20.6% | Buy | +53.5% |
V V Visa Inc. | $627.8B | 24.9x | +8.8% | 51.7% | Buy | +12.7% |
MA MA Mastercard Incorporated | $433.6B | 24.9x | +12.0% | 45.9% | Buy | +34.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FISV Dividend and Capital Return
FISV returns 23.0% annually — null% through dividends and 23.0% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
23.0%
Dividend + buyback return per year
Buyback Yield
23.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$5.9B
Estimated Shares Retired
123M
Approx. Share Reduction
23.0%
Shares Outstanding
Current diluted share count from the screening snapshot
535M
At 23.0%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
FAQ
7 questionsFISV Investor Questions
Common questions answered from live analyst data and company financials.
01Is Fiserv, Inc. (FISV) stock a buy or sell in 2026?
Fiserv, Inc. (FISV) is rated Buy by Wall Street analysts as of 2026. Of 60 analysts covering the stock, 35 rate it Buy or Strong Buy, 25 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $71, implying +48.7% from the current price of $48. The bear case scenario is $43 and the bull case is $89.
02What is the FISV stock price target for 2026?
The Wall Street consensus price target for FISV is $71 based on 60 analyst estimates. The high-end target is $95 (+98.5% from today), and the low-end target is $46 (-3.9%). The base case model target is $68.
03Is Fiserv, Inc. (FISV) stock overvalued in 2026?
FISV trades at 5.9x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Fiserv, Inc. (FISV) stock in 2026?
The primary risks for FISV in 2026 are: (1) Earnings outlook cut — Fiserv stock plunged significantly after the company cut its full-year outlook, indicating underperformance. (2) Valuation uncertainty — Despite DCF models suggesting significant upside, market price divergence raises concerns about valuation accuracy. (3) Acquisition risks — Rapid growth through acquisitions, such as Citicorp Information Resources, may introduce integration and execution risks. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Fiserv, Inc.'s revenue and earnings forecast?
Analyst consensus estimates FISV will report consensus revenue of $21.9B (+3.8% year-over-year) and EPS of $7.52 (+25.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $22.4B in revenue.
06When does Fiserv, Inc. (FISV) report its next earnings?
Fiserv, Inc. is expected to report its next earnings on approximately 2026-07-22. Consensus expects EPS of $1.92 and revenue of $5.0B. Over recent quarters, FISV has beaten EPS estimates 83% of the time.
07How much free cash flow does Fiserv, Inc. generate?
Fiserv, Inc. (FISV) generated $4.0B in free cash flow over the trailing twelve months — a free cash flow margin of 19.0%. FISV returns capital to shareholders through and share repurchases ($5.9B TTM).