Upside case
Bull case
$91+61.5%
FISV would need investors to value it at roughly 11x earnings — about 4x more generous than today's 7x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 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
$75
+33.0% vs today
Scenario Range
$29 – $91
Model bear to bull value window
Coverage
60
Published analyst ratings
Valuation Context
6.9x
Forward P/E · Market cap $30.0B
FISV price targets
Three scenarios for where FISV stock could go
Current
~$56
Confidence
61 / 100
Updated
May 1, 2026
Where we are now
Current · $56
Bear
$29
Base
$74
Bull
$91
Market caseClosest to today
Base case
$74+32.4%
At 9x 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
$29-48.1%
If investor confidence fades or macro conditions deteriorate, a 3x multiple contraction could push FISV down roughly 48% 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
$30.0B
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
$20.8B
-1.3% YoY
FY2
$22.1B
+6.2% YoY
EPS Outlook
FY1
$7.66
+28.2% YoY
FY2
$8.39
+9.6% YoY
Trailing FCF (TTM)$4.0B
FCF Margin: 19.0%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
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
Significantly Undervalued
Fair value est. $182 — implies +192.4% from today's price.
Upside to Fair Value
192.4%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FISV
8.9x
vs
S&P 500
25.2x
65% discount
vs Technology Trailing P/E
FISV
8.9x
vs
Technology
27.5x
68% discount
vs FISV 5Y Avg P/E
Today
8.9x
vs
5Y Average
30.7x
71% discount
Forward PE
6.9x
S&P 500
19.1x
-64%
Technology
21.7x
-68%
5Y Avg
—
—
Trailing PE
8.9x
S&P 500
25.2x
-65%
Technology
27.5x
-68%
5Y Avg
30.7x
-71%
PEG Ratio
0.25x
S&P 500
1.75x
-86%
Technology
1.47x
-83%
5Y Avg
—
—
EV/EBITDA
6.6x
S&P 500
15.3x
-57%
Technology
17.4x
-62%
5Y Avg
13.0x
-49%
Price/FCF
6.9x
S&P 500
21.3x
-68%
Technology
19.8x
-65%
5Y Avg
19.8x
-65%
Price/Sales
1.4x
S&P 500
3.1x
-55%
Technology
2.4x
-41%
5Y Avg
4.0x
-64%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | FISV | S&P 500 | Technology | 5Y Avg FISV |
|---|---|---|---|---|
| Forward PE | 6.9x | 19.1x-64% | 21.7x-68% | — |
| Trailing PE | 8.9x | 25.2x-65% | 27.5x-68% | 30.7x-71% |
| PEG Ratio | 0.25x | 1.75x-86% | 1.47x-83% | — |
| EV/EBITDA | 6.6x | 15.3x-57% | 17.4x-62% | 13.0x-49% |
| Price/FCF | 6.9x | 21.3x-68% | 19.8x-65% | 19.8x-65% |
| Price/Sales | 1.4x | 3.1x-55% | 2.4x-41% | 4.0x-64% |
| Dividend Yield | — | 1.88% | 1.18% | — |
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 19.7% 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
19.7%
Dividend
—
Buyback
19.7%
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 April 11, 2026
High Risk
Competition
Fiserv competes with major players such as PayPal, Block, and Global Payments, all of whom continuously innovate. The intense rivalry makes it difficult for Fiserv to capture additional market share, potentially limiting revenue growth.
High Risk
Security Breaches
A security breach or operational failure could severely disrupt Fiserv’s services, leading to loss of customer trust, regulatory penalties, and significant financial losses.
High Risk
Growth & Margin Pressures
Recent results show a slowdown in organic growth and notable margin compression, especially within the Financial Solutions segment. This raises concerns about the company’s ability to achieve meaningful growth and outperform peers.
High Risk
Clover Segment Performance
Clover, Fiserv’s business software arm, is a key growth driver. If it fails to deliver substantial revenue growth or improve margins, analyst estimates may be overly optimistic.
Medium
Technological Evolution
Fiserv’s technology must keep pace with a rapidly evolving marketplace to remain competitive and meet customer expectations.
Medium
Regulatory & Legislative Actions
The company is subject to U.S. and international regulations; non‑compliance could result in fines, operational restrictions, or increased costs.
Medium
Acquisitions & Integration
Success depends on identifying, completing, and integrating acquisitions and realizing their anticipated benefits; failure could erode expected synergies and growth.
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 April 11, 2026
Dominant Market Position & Sticky Base
Fiserv serves over 10,000 institutions, including roughly 95% of the top U.S. banks. Its mission‑critical systems and long‑term contracts create high retention rates, making switching costly and difficult for clients.
Durable High‑Margin Merchant & Financial Segments
The Merchant and Financial Solutions segments generate stable, recurring fee‑based cash flows. The Clover platform is identified as a key growth driver within these high‑margin segments.
Strong Free Cash Flow Generation
For FY 2025, Fiserv reported free cash flow of $4.44 billion, yielding a high FCF yield relative to peers, driven by efficient operations and robust margins.
Clover Platform & Pay‑by‑Bank Expansion
Fiserv is actively enhancing the Clover platform and launching Pay‑by‑Bank offerings, deepening client relationships and expanding service capabilities to capture additional revenue.
Undervaluation & Rebound Potential
Fiserv’s P/E is below the industry and historical averages, suggesting a discount. Analysts expect the “One Fiserv” plan and new market opportunities to drive future growth and correct the market overreaction.
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
$56.11
52W Range Position
2%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$52.91
+6.0% from the low
52-Week High
$191.91
-70.8% from the high
1 Month
-0.37%
3 Month
-6.48%
YTD
-14.5%
1 Year
-69.7%
3Y CAGR
-22.3%
5Y CAGR
-13.8%
10Y CAGR
+0.9%
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
6.9x
vs 21.3x median
-68% below peer median
Revenue Growth
-1.3%
vs +14.1% median
-109% below peer median
Net Margin
15.2%
vs 3.5% median
+333% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FIS FISV Fiserv, Inc. | $30.0B | 6.9x | -1.3% | 15.2% | Buy | +33.0% |
FIS FIS Fidelity National Information Services, Inc. | $23.8B | 7.3x | +14.7% | 3.5% | Buy | +46.6% |
GPN GPN Global Payments Inc. | $16.5B | 5.1x | +26.9% | -8.0% | Buy | +27.0% |
JKH JKHY Jack Henry & Associates, Inc. | $10.3B | 21.3x | +5.6% | 20.6% | Buy | +42.6% |
V V Visa Inc. | $611.6B | 24.4x | +12.6% | — | Buy | +13.7% |
MA MA Mastercard Incorporated | $435.4B | 25.1x | +14.1% | — | Buy | +33.5% |
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 19.3% annually — null% through dividends and 19.3% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
19.3%
Dividend + buyback return per year
Buyback Yield
19.3%
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
105M
Approx. Share Reduction
19.7%
Shares Outstanding
Current diluted share count from the screening snapshot
535M
At 19.7%/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 $75, implying +33.0% from the current price of $56. The bear case scenario is $29 and the bull case is $91.
02What is the FISV stock price target for 2026?
The Wall Street consensus price target for FISV is $75 based on 60 analyst estimates. The high-end target is $100 (+78.2% from today), and the low-end target is $62 (+10.5%). The base case model target is $74.
03Is Fiserv, Inc. (FISV) stock overvalued in 2026?
FISV trades at 6.9x 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 significantly undervalued. 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) Competition — Fiserv competes with major players such as PayPal, Block, and Global Payments, all of whom continuously innovate. (2) Security Breaches — A security breach or operational failure could severely disrupt Fiserv’s services, leading to loss of customer trust, regulatory penalties, and significant financial losses. (3) Growth & Margin Pressures — Recent results show a slowdown in organic growth and notable margin compression, especially within the Financial Solutions segment. 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 $20.8B (-1.3% year-over-year) and EPS of $7.66 (+28.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $22.1B in revenue.
06When does Fiserv, Inc. (FISV) report its next earnings?
A confirmed upcoming earnings date for FISV is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
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).