FISV
NASDAQ · USDFiserv, Inc.
Technology · Information Technology Services
CEO Takis Georgakopoulos
Employees 38,000
R&D / revenue 0.0%
Last price
$47.55+0.72%last session
Market cap
$25.3B
P/E (TTM)
9.1x
From 52w high
−80.1%
From 52w low
+8.4%
1-year return
−59.7%
RSI 14 · vs SMA200
51.8 · −14.6%
IS score
37.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
FISV SPY XLK (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe39Profitability
26Growth
78Value
59Momentum
30Risk (safety)
65Quality
36Balance sheet
74Earnings quality
Flags
Strengths
✓ FCF yield 5%+✓ Insider buying✓ Congress buying
Warnings
▲ Altman distress zone▲ Beneish M above -1.78
Observations
Moat model: Weak, Efficient ScalePiotroski 5 / 9Altman Z 1.2Beta 0.803 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
7
$2.24M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to —
Net change in institutional holders
—
— new holders, — closed
— filers hold — · — added, — trimmed
ETFETF holdings · 30 days
Net funds accumulating
+76
386 funds adding shares
310 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.5%
20-day avg 59.7%, 50-day avg 54.1%
Latest 11.2 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$21.2B
Revenue growth YoY+3.6%
Gross margin59.4%
Operating income$5.7B
Operating margin26.9%
Net income$3.5B
Net margin16.4%
EPS (diluted)$6.34
Cash flow
Operating cash flow$6.1B
Capital expenditure$1.8B
Free cash flow$4.3B
FCF conversion (FCF / OCF)71.1%
Stock-based compensation$0
FCF less SBC$4.3B
Buybacks$5.9B
Dividends$0
Balance sheet & returns
Cash & short-term investments$798.0M
Total debt$29.0B
Net debt$28.2B
Shareholders' equity$25.8B
Goodwill & intangibles$42.8B
Debt / equity1.04
ROE (TTM)10.8%
ROIC (TTM)6.5%
Operating margin by fiscal year
Revenue $16.2B (FY2021) to $21.2B (FY2025), a 6.9% CAGR.
Valuation
P/E (TTM)9.1x
EV / EBITDA7.1x
Price / sales1.21x
Price / FCF6.4x
FCF yield15.53%
Buyback yield23.33%
SBC / revenue1.8%
Price / book0.95x
Forward P/E FY20266.6x
Forward P/E FY20276.0x
Forward P/E FY20285.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $54.64 across 11 analysts last quarter is theirs, not ours.
FISV vs industry median
261 companies in Information Technology Services
FISV (TTM)Industry median
Asset turnover 0.26 vs industry 0.83 · financial leverage 3.01
Earnings delivery
Next report 2026-11-03 · consensus EPS $1.7283%
beat rate, 10 of 12 quarters
+1.7%
median EPS surprise
8
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-08-06. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| FISV Fiserv, Inc. | $25.3B | 9.1x | 10.8% | 13.4% | +3.6% | −59.7% |
| CTSH Cognizant Technology Solutio | $29.7B | 14.2x | 14.9% | 11.6% | +5.6% | +1.3% |
| BR Broadridge Financial Solutio | $19.8B | 18.1x | 40.9% | 17.9% | +8.5% | −22.3% |
| CDW CDW Corporation | $18.8B | 18.0x | 44.0% | 4.2% | +7.4% | +0.0% |
| FIS Fidelity National Informatio | $18.6B | 5.5x | 22.3% | 6.8% | +20.4% | −45.0% |
| LDOS Leidos Holdings, Inc. | $15.7B | 11.5x | 27.9% | 7.8% | +3.4% | — |
| CACI CACI International Inc | $13.6B | 25.3x | 12.8% | 5.8% | +10.9% | — |
| IT Gartner, Inc. | $13.0B | 18.4x | 113.6% | 16.4% | +0.7% | — |
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.
Recent 8-K filings
2026-09-22Officer/Director Change
2026-08-06Earnings Release; Exhibits
2026-07-07Officer/Director Change; Regulation FD
2026-06-23Material Agreement; Financial Obligation; Other Events; Exhibits
2026-06-17Material Agreement; Exhibits
2026-06-16Regulation FD; Exhibits
Context
Shares outstanding531,767,000
Free float99.6%
Institutional ownership—
Beta0.80
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$114.45 / $166.21
Large-cap Technology median P/E34.8x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where FISV sits among 38 scored companies in Information Technology Services (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | FISV | Industry percentile |
|---|---|---|
| P/E (TTM) | 9.0x | 14th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 1.02 | 44th |
| Price / sales | 1.2x | 50th |
| Price / book | 0.9x | 11th |
| Price / tangible book | — | |
| Price / free cash flow | 6.4x | 23rd |
| Price / operating cash flow | 4.3x | 15th |
| Enterprise value | $52.5B | 95th |
| EV / sales | 2.5x | 72nd |
| EV / EBITDA | 7.1x | 22nd |
| EV / EBIT | 12.6x | 52nd |
| EV / free cash flow | 13.3x | 53rd |
| Earnings yield | 11.1% | 89th |
| FCF yield | 15.6% | 81st |
| Operating cash flow yield | 23.2% | 86th |
| Graham number (per share) | $76.84 | 70th |
Profitability (TTM)
| Measure | FISV | Industry percentile |
|---|---|---|
| Gross margin | 47.2% | 81st |
| EBITDA margin | 35.6% | 97th |
| Operating margin | 21.4% | 97th |
| EBIT margin | 20.0% | 89th |
| Net margin | 13.4% | 81st |
| NOPAT margin | 17.9% | 97th |
| FCF margin | 18.9% | 81st |
| Operating cash flow margin | 28.1% | 94th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 34.8% | 84th |
| Stock comp / revenue | 1.5% | 67th |
| Effective tax rate | 16.2% | 11th |
Returns on capital
| Measure | FISV | Industry percentile |
|---|---|---|
| ROE (on average equity) | 10.7% | 41st |
| ROA | 3.4% | 49th |
| ROIC | 6.9% | 46th |
| ROCE | 7.4% | 35th |
| Return on tangible assets | 5.1% | 38th |
| Cash ROIC (OCF / invested capital) | 10.8% | 31st |
| Gross profitability (GP / assets) | 12.2% | 19th |
| ROIC, 3-yr average | 6.0% | 39th |
| ROIC, 5-yr average | 5.8% | 35th |
| ROE, 5-yr average | 10.2% | 44th |
| Incremental ROIC | -347.1% | 3rd |
Growth
| Measure | FISV | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | -1.2% | 17th |
| Revenue growth (QoQ) | 5.3% | 64th |
| Revenue CAGR, 3 yr | 4.2% | 32nd |
| Revenue CAGR, 5 yr | 6.2% | 33rd |
| Gross profit CAGR, 3 yr | -2.2% | 9th |
| Operating income CAGR, 3 yr | 2.9% | 40th |
| Net income growth (TTM YoY) | -17.1% | 18th |
| Net income CAGR, 3 yr | 3.7% | 45th |
| EPS growth (TTM YoY) | -14.5% | 18th |
| EPS CAGR, 3 yr | 8.9% | 45th |
| EPS CAGR, 5 yr | 25.3% | 82nd |
| FCF growth (TTM YoY) | -23.4% | 14th |
| FCF CAGR, 3 yr | 5.3% | 33rd |
| Operating cash flow CAGR, 3 yr | 6.7% | 47th |
| Book value CAGR, 3 yr | 1.2% | 28th |
| Dividend CAGR, 3 yr | — | |
| Sustainable growth rate | 10.7% | 25th |
Margin history & stability
| Measure | FISV | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 56.4% | 85th |
| Operating margin, 3-yr average | 26.5% | 100th |
| Net margin, 3-yr average | 15.6% | 94th |
| FCF margin, 3-yr average | 20.9% | 91st |
| Revenue stability (0-1) | 0.93 | 65th |
| Earnings stability (0-1) | 0.66 | 71st |
| Margin stability (0-1) | 0.89 | 29th |
Liquidity (latest quarter)
| Measure | FISV | Industry percentile |
|---|---|---|
| Cash & short-term investments | $627.0M | 62nd |
| Net cash (− = net debt) | −$27.3B | 3rd |
| Working capital | $1.1B | 65th |
| Current ratio | 1.04 | 16th |
| Quick ratio | 1.04 | 22nd |
| Cash ratio (cash + ST investments / current liabilities) | 0.03 | 5th |
| Defensive interval (days) | 307 days | 24th |
Leverage & solvency (latest quarter)
| Measure | FISV | Industry percentile |
|---|---|---|
| Total debt | $27.9B | 97th |
| Debt / equity | 1.04 | 58th |
| Net debt / equity | 1.01 | 64th |
| Debt / assets | 34.5% | 57th |
| Debt / capital | 50.9% | 58th |
| Debt / EBITDA | 3.76 | 78th |
| Net debt / EBITDA | 3.67 | 81st |
| Interest coverage (EBIT / interest) | 2.7x | 34th |
| Cash interest coverage | 3.8x | 26th |
| Debt payback (years of OCF) | 4.8 yrs | 76th |
| Liabilities / assets | 66.7% | 59th |
| IS credit model rating | BB- | |
| Implied credit spread (bps) | 550 | 73rd |
Efficiency
| Measure | FISV | Industry percentile |
|---|---|---|
| Asset turnover | 0.26 | 16th |
| Fixed asset turnover | 6.27 | 14th |
| Inventory turnover | — | |
| Receivables turnover | 5.2 | 41st |
| Days sales outstanding | 70 days | 61st |
| Days inventory outstanding | — | |
| Days payables outstanding | 28 days | 57th |
| Cash conversion cycle (days) | 42 days | 54th |
| Capex / revenue | 9.1% | 83rd |
| Capex / depreciation | 0.59 | 67th |
| Operating expense ratio | 0.0% | 0th |
Cash flow & earnings quality
| Measure | FISV | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 2.09 | 64th |
| FCF / net income | 1.41 | 61st |
| FCF / operating cash flow | 67.5% | 25th |
| Capex / operating cash flow | 32.5% | 75th |
| Accruals ratio | -3.8% | 65th |
| Sloan accruals ratio | -5.3% | 46th |
| Earnings quality score (0-1) | 1.00 | 50th |
Scores & forensic checks
| Measure | FISV | Industry percentile |
|---|---|---|
| IS score | 37 | 27th |
| IS profitability | 39 | 51st |
| IS growth | 26 | 9th |
| IS value | 78 | 81st |
| IS momentum | 59 | 31st |
| IS risk (safety) | 30 | 24th |
| IS quality | 65 | 57th |
| IS balance sheet | 36 | 27th |
| IS earnings quality | 74 | 86th |
| IS cash flow | 54 | 41st |
| Piotroski F-score (0-9) | 5 | 14th |
| Altman Z-score | 1.2 | 24th |
| Beneish M-score | −1.61 | 94th |
| Ohlson O-score | −7.70 | 35th |
| IS credit score | 39 | 27th |
Size (TTM)
| Measure | FISV | Industry percentile |
|---|---|---|
| Market cap | $25.3B | 89th |
| Revenue | $20.9B | 84th |
| EBITDA | $7.4B | 95th |
| Net income | $2.8B | 89th |
| Free cash flow | $4.0B | 95th |
| Total assets | $80.9B | 97th |
| Shareholders' equity | $26.9B | 95th |
| Employees | 38,000 | 65th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-09-30 | Cohen Stephanie Director |
Award / grant | 775 | — | — | 2,021 |
| 2026-09-30 | De Castro Henrique Director |
Award / grant | 720 | — | — | 7,560 |
| 2026-09-30 | Disimone Harry Director |
Award / grant | 775 | — | — | 9,420 |
| 2026-09-30 | Dufetel Celine S Director |
Award / grant | 775 | — | — | 2,021 |
| 2026-09-30 | Fritz Lance M Director |
Award / grant | 858 | — | — | 4,089 |
| 2026-09-30 | Gopal Ajei Director |
Award / grant | 831 | — | — | 3,875 |
| 2026-09-30 | Mamilli Wafaa Director |
Award / grant | 858 | — | — | 3,498 |
| 2026-09-30 | Nixon Gordon M. Director |
Award / grant | 1,107 | — | — | 2,784 |
| 2026-09-30 | Shedlin Gary Director |
Award / grant | 886 | — | — | 2,372 |
| 2026-09-30 | Yarkoni Charlotte Director |
Award / grant | 748 | — | — | 3,831 |
| 2026-09-17 | Todd Paul M Chief Financial Officer |
Tax withholding | 795 | $49.30 | $39,194 | 183,312 |
| 2026-08-07 | Fritz Lance M Director |
Open-market buy | 10,000 | $51.95 | $519,500 | 27,207 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 33 | 249,884 | — |
| Open-market buy | Acquired | 7 | 44,781 | $2.2M |
| Tax withholding | Disposed | 1 | 795 | $39,194 |
| — | Disposed | 1 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| 2025-08-01 | Tracy S Bisignano | 348 | $47,289 |
| 2025-07-22 | Frank J Bisignano | 10,542 | $1.7M |
| 2025-07-21 | Frank J Bisignano | 16,090 | $2.7M |
| 2025-07-21 | Frank J Bisignano | 834,913 | $138.1M |
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 21 trades (15 purchases) · Senate 6 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-10-09 |
| 2026-09-11 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-10-09 |
| 2026-08-10 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-07 |
| 2026-04-14 | Gilbert Cisneros | House | Sale | $1,001 - $15,000 | 2026-05-11 |
| 2026-01-29 | John Boozman | Senate | Sale | $1,001 - $15,000 | 2026-02-15 |
| 2026-01-29 | John Boozman | Senate | Sale (Full) | $1,001 - $15,000 | 2026-02-14 |
| 2025-11-21 | John Boozman | Senate | Sale | $1,001 - $15,000 | 2026-08-24 |
| 2025-11-21 | John Boozman | Senate | Sale (Partial) | $1,001 - $15,000 | 2026-08-24 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| DODGE & COX | 50,194,946 | $2.5B | 9.44% |
| BlackRock, Inc. | 42,399,822 | $2.1B | 7.97% |
| VANGUARD CAPITAL MANAGEMENT LLC | 33,107,969 | $1.6B | 6.23% |
| STATE STREET CORP | 23,830,685 | $1.2B | 4.48% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 20,826,784 | $1.0B | 3.92% |
| Capital World Investors | 16,822,013 | $825.1M | 3.16% |
| GEODE CAPITAL MANAGEMENT, LLC | 15,250,513 | $760.4M | 2.87% |
| First Eagle Investment Management, LLC | 10,857,773 | $532.6M | 2.04% |
| FEDERATED HERMES, INC. | 9,906,846 | $485.9M | 1.86% |
| FMR LLC | 9,279,407 | $455.2M | 1.75% |
| Invesco Ltd. | 7,149,523 | $350.7M | 1.34% |
| NORGES BANK | 6,768,394 | $332.0M | 1.27% |
| MORGAN STANLEY | 5,916,577 | $290.2M | 1.11% |
| FRANKLIN RESOURCES INC | 5,527,830 | $271.1M | 1.04% |
| D. E. Shaw & Co., Inc. | 4,483,791 | $219.9M | 0.84% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| None on file. | ||||||
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| 2026-04-29 | SCHEDULE 13G | Vanguard Capital Management | 7.2% | 38,408,341 |
| 2026-03-26 | SCHEDULE 13G/A | The Vanguard Group | 0.0% | 0 |
| 2026-02-13 | SCHEDULE 13G/A | Dodge & Cox | 9.2% | 49,474,622 |
| 2026-02-05 | SCHEDULE 13G/A | The Vanguard Group | 11.8% | 63,408,549 |
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.03% | $686.5M |
| VTI | 0.03% | $686.5M |
| VTSAX | 0.03% | $686.5M |
| VSMPX | 0.03% | $686.5M |
| VWNFX | 0.98% | $648.3M |
| VWNAX | 0.98% | $648.3M |
Share structure
Shares outstanding531,767,000
Float529,434,138
Free float99.6%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $16.2B | $17.7B | $19.1B | $20.5B | $21.2B |
| Cost of revenue | $8.1B | $8.0B | $7.7B | $8.0B | $8.6B |
| Gross profit | $8.1B | $9.7B | $11.4B | $12.4B | $12.6B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $5.8B | $6.1B | $6.6B | $6.6B | $6.9B |
| Operating income | $2.3B | $3.7B | $5.0B | $5.9B | $5.7B |
| EBITDA | $5.6B | $6.8B | $8.0B | $8.8B | $9.0B |
| Pretax income | $1.8B | $3.1B | $3.9B | $3.8B | $4.3B |
| Income tax | $363.0M | $551.0M | $754.0M | $641.0M | $811.0M |
| Net income | $1.3B | $2.5B | $3.1B | $3.1B | $3.5B |
| EPS, diluted | $1.99 | $3.90 | $4.98 | $5.38 | $6.34 |
| Diluted shares | 671.6M | 647.9M | 615.9M | 582.1M | 549.0M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $835.0M | $902.0M | $1.2B | $1.2B | $798.0M |
| Receivables | $2.9B | $3.6B | $3.6B | $3.7B | $4.0B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $18.9B | $27.5B | $34.8B | $23.5B | $24.7B |
| PP&E, net | $1.7B | $2.0B | $2.8B | $2.4B | $3.1B |
| Goodwill & intangibles | $50.4B | $49.2B | $48.4B | $46.5B | $42.8B |
| Total assets | $76.2B | $83.9B | $90.9B | $77.2B | $80.1B |
| Accounts payable | $593.0M | $652.0M | $449.0M | $511.0M | $5.3B |
| Total current liabilities | $18.3B | $26.5B | $33.6B | $22.2B | $23.9B |
| Long-term debt | $20.2B | $20.4B | $21.9B | $23.1B | $27.8B |
| Total liabilities | $44.3B | $52.2B | $60.2B | $49.5B | $54.3B |
| Shareholders' equity | $31.9B | $31.7B | $30.7B | $27.7B | $25.8B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $1.4B | $2.6B | $3.1B | $3.2B | $3.5B |
| Depreciation & amortization | $3.2B | $3.2B | $2.9B | $3.1B | $3.2B |
| Stock-based compensation | $239.0M | $323.0M | $342.0M | $367.0M | $0 |
| Change in working capital | −$495.0M | −$744.0M | −$912.0M | −$338.0M | −$9.0M |
| Operating cash flow | $4.0B | $4.6B | $5.2B | $6.6B | $6.1B |
| Capital expenditure | −$1.2B | −$1.5B | −$1.4B | −$1.6B | −$1.8B |
| Free cash flow | $2.9B | $3.1B | $3.8B | $5.1B | $4.3B |
| Investing cash flow | −$1.6B | −$2.1B | −$1.1B | −$2.4B | −$3.0B |
| Net debt issued / repaid | $295.0M | $146.0M | $1.1B | $1.7B | $2.2B |
| Buybacks | −$2.8B | −$2.7B | −$4.8B | −$5.8B | −$5.9B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 49.9% | 54.9% | 59.8% | 60.8% | 59.4% |
| Operating margin | 14.1% | 21.1% | 26.3% | 28.7% | 26.9% |
| Net margin | 8.2% | 14.3% | 16.1% | 15.3% | 16.4% |
| FCF margin | 17.7% | 17.7% | 19.8% | 24.7% | 20.4% |
| ROE | 4.2% | 8.2% | 10.1% | 11.0% | 13.2% |
| ROIC | 3.5% | 6.0% | 7.7% | 9.6% | 8.6% |
| ROA | 1.8% | 3.2% | 3.5% | 3.7% | 4.4% |
| Debt / equity | 0.69 | 0.70 | 0.80 | 0.92 | 1.12 |
| Interest coverage | 3.4x | 4.9x | 4.9x | 4.6x | 3.9x |
| Current ratio | 1.03 | 1.04 | 1.04 | 1.06 | 1.03 |
| Revenue growth | +9.3% | +9.3% | +7.6% | +7.1% | +3.6% |
| EPS growth | +42.9% | +97.2% | +28.5% | +5.7% | +20.5% |
| P/E at year end | 51.7x | 25.5x | 26.1x | 38.2x | 10.4x |
| EV / EBITDA at year end | 16.1x | 12.5x | 12.8x | 16.2x | 7.2x |
| FCF yield at year end | 4.17% | 4.86% | 4.71% | 4.23% | 11.99% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 35.2% | 0.0% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|
| Processing And Services | — | — | — | $16.6B |
| Processing | $11.6B | $12.6B | — | — |
| Acceptance Segment | — | — | $6.9B | — |
| Payments And Industry Products Segment | — | — | $6.7B | — |
| Product | — | — | — | $3.8B |
| Fintech Segment | — | — | $3.2B | — |
| Hardware, Print, And Card Production | $1.8B | $2.0B | — | — |
| Output Solutions Postage | $860.0M | $989.0M | — | — |
| Professional Services | $779.0M | $783.0M | — | — |
| Software Maintenance | $568.0M | $577.0M | — | — |
| License And Termination Fees | $298.0M | $435.0M | — | — |
| Product and Service, Other | $350.0M | $392.0M | — | — |
Street estimates by fiscal year
Next report 2026-11-03 · consensus EPS $1.72 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $19.5B | $19.4B – $19.7B | $7.24 | $7.18 – $7.34 | 21 | 6.6x |
| 2027 | $20.2B | $19.7B – $20.5B | $7.92 | $7.54 – $8.45 | 22 | 6.0x |
| 2028 | $20.9B | $20.6B – $21.3B | $8.90 | $7.88 – $10.08 | 9 | 5.3x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-08-06 | $1.91 | $1.84 | −3.7% | $5.0B | $5.0B | −1.5% |
| 2026-05-05 | $1.57 | $1.79 | +14.0% | $4.7B | $4.7B | −1.1% |
| 2026-02-10 | $1.90 | $1.99 | +4.7% | $4.9B | $4.9B | −0.1% |
| 2025-10-29 | $2.64 | $2.04 | −22.7% | $5.3B | $5.3B | −1.5% |
| 2025-07-23 | $2.43 | $2.47 | +1.6% | $5.2B | $5.5B | +6.2% |
| 2025-04-24 | $2.08 | $2.14 | +2.9% | $4.8B | $5.1B | +6.1% |
| 2025-02-05 | $2.48 | $2.51 | +1.2% | $5.0B | $5.3B | +6.1% |
| 2024-10-22 | $2.26 | $2.30 | +1.8% | $4.9B | $5.2B | +6.3% |
| 2024-07-24 | $2.10 | $2.13 | +1.4% | $4.8B | $5.1B | +6.1% |
| 2024-04-23 | $1.79 | $1.88 | +5.0% | $4.6B | $4.9B | +6.9% |
| 2024-02-06 | $2.15 | $2.19 | +1.9% | $4.7B | $4.9B | +4.9% |
| 2023-10-24 | $1.93 | $1.96 | +1.6% | $4.6B | $4.9B | +5.8% |
| 2023-07-26 | $1.81 | $1.81 | 0.0% | $4.5B | $4.8B | +4.7% |
| 2023-04-25 | $1.57 | $1.58 | +0.6% | $4.2B | $4.5B | +8.9% |
| 2023-02-07 | $1.91 | $1.91 | 0.0% | $4.3B | $4.6B | +6.5% |
| 2022-09-30 | $1.69 | $0.75 | −55.9% | $4.3B | $4.5B | +5.7% |
| 2022-06-30 | $1.55 | $0.92 | −40.7% | $4.1B | $4.5B | +9.4% |
| 2022-03-31 | $1.35 | $1.02 | −24.4% | $3.8B | $4.1B | +7.7% |
| 2021-12-31 | $1.56 | $0.50 | −67.8% | $4.0B | $4.3B | +5.7% |
| 2021-10-27 | $1.44 | $1.47 | +2.1% | — | $4.2B | — |
| 2021-07-27 | $1.29 | $1.37 | +6.2% | $107.8M | $4.1B | +3,656.5% |
| 2021-04-27 | $1.13 | $1.17 | +3.5% | $96.3M | $3.8B | +3,800.5% |
| 2021-02-09 | $1.29 | $1.30 | +0.8% | $88.2M | $3.8B | +4,244.7% |
| 2020-05-07 | $0.99 | $0.99 | 0.0% | $123.5M | $3.8B | +2,952.0% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $321.9M | 6,116,234 | 105,204 |
| 2026-08-24 | $267.2M | 5,063,923 | 82,779 |
| 2026-08-17 | $307.3M | 5,874,835 | 96,848 |
| 2026-08-10 | $404.5M | 7,643,240 | 117,265 |
| 2026-08-03 | $634.3M | 11,909,521 | 164,158 |
| 2026-07-27 | $377.8M | 7,015,490 | 122,806 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 48.5% | 984,305 | 2,028,306 |
| 2026-10-14 | 56.3% | 1,009,657 | 1,792,984 |
| 2026-10-13 | 62.2% | 871,907 | 1,402,726 |
| 2026-10-12 | 60.6% | 1,223,672 | 2,020,181 |
| 2026-10-09 | 52.4% | 805,232 | 1,537,606 |
| 2026-10-08 | 55.2% | 1,038,939 | 1,882,202 |
| 2026-10-07 | 56.8% | 1,097,352 | 1,932,131 |
| 2026-10-06 | 68.5% | 981,354 | 1,433,017 |
| 2026-10-05 | 58.3% | 1,284,716 | 2,202,291 |
| 2026-10-02 | 69.7% | 1,767,093 | 2,535,270 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +0.7% | 60% | 20 |
| Feb | +2.5% | 85% | 20 |
| Mar | +0.3% | 62% | 21 |
| Apr | +0.3% | 40% | 20 |
| May | +0.5% | 60% | 20 |
| Jun | +0.2% | 55% | 20 |
| Jul | +2.1% | 75% | 20 |
| Aug | +0.4% | 50% | 20 |
| Sep | −0.4% | 55% | 20 |
| Oct | −1.4% | 65% | 20 |
| Nov | +3.5% | 80% | 20 |
| Dec | +1.9% | 70% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1451.8
MFI61.3
ADX19.1
Stochastic %K / %D84.2 / 81.8
Williams %R-9.1
CCI211
TSI / signal-14.7 / -22.3
Chaikin money flow0.00
ATR$1.35
Bollinger width6.1%
Volume vs 20-day avg0.78x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$45.97 (+3.4%)
SMA 50$49.43 (−3.8%)
SMA 200$55.67 (−14.6%)
EMA 21$46.84 (+1.5%)
EMA 50$48.63 (−2.2%)
EMA 200$62.65 (−24.1%)
Bollinger upper$47.37 (+0.4%)
Bollinger lower$44.57 (+6.7%)
Parabolic SAR$44.77 (+6.2%)
Open the live chart, 110+ indicatorsAbout Fiserv, Inc.
Fiserv, Inc. is a global provider of technology solutions for payments and financial services. Its operations are structured into three primary segments: Acceptance, Fintech, and Payments. The Acceptance segment enables businesses to process transactions at the point of sale and through digital channels, offering mobile payment capabilities and robust security and fraud prevention tools. Key offerings include Carat, its omnichannel commerce platform; Clover, a cloud-native platform for point-of-sale and business management; and Clover Connect, designed for independent software vendors. This segment reaches clients via diverse distribution channels, including direct sales, agent networks, ISVs, and financial institution partnerships. The Fintech segment supports financial institutions in managing core functions like customer deposit and loan accounts, general ledgers, and central information repositories. Further services extend to digital banking, financial and risk management, specialized consulting, and item processing solutions. The Payments segment facilitates a wide array of card-based transactions, including processing for debit, credit, and prepaid cards. It also delivers security and fraud safeguards, card manufacturing, print services, and various network functionalities. Beyond cards, this segment offers digital payment solutions like bill payment, account-to-account transfers, person-to-person payments, and electronic billing, complemented by security features. Fiserv caters to a broad clientele, including businesses, banks, credit unions, other financial institutions, merchants, and corporate enterprises. Established in 1984, Fiserv, Inc. maintains its corporate headquarters in Brookfield, Wisconsin.
https://www.fiserv.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Guy Chiarello | Chief Operating Officer | $2.6M | 1960 |
| Frank J. Bisignano | Chief Executive Officer & Chairman | $1.8M | 1959 |
| James W. Cox | Head of Corporate Development | $874,342 | 1968 |
| John Gibbons | Head of Financial Institutions Group | $813,281 | 1960 |
| Robert W. Hau | Chief Financial Officer | $750,000 | 1966 |
| Adam L. Rosman | Chief Administrative Officer & Chief Legal Officer | $725,000 | 1966 |
| Chris Augustin | Chief Information Officer | — | — |
| Jennifer Manchester | Chief Human Resources Officer | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Michael P. Lyons Chief Executive Officer | 2025 | $1.2M | $55.9M | $0 | $70.3M |
| Frank J. Bisignano Former Chairman of the Board and Chief Executive Officer | 2025 | $487,879 | $25.6M | $0 | $26.4M |
| Dhivya Suryadevara Co-President | 2025 | $83,333 | $13.4M | $0 | $16.8M |
| Panagiotis (Takis) Georgakopoulos Co-President | 2025 | $1.0M | $12.9M | $0 | $13.9M |
| Robert W. Hau Former Chief Financial Officer (through October 31, 2025) | 2025 | $750,000 | $8.2M | $0 | $9.0M |
| Guy Chiarello Former Chief Operating Officer (through April 2, 2025) | 2025 | $1.0M | $7.5M | $0 | $8.5M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| None on file. | ||
Moat model
Weak · Efficient Scale · 2026-06-30Cost advantage50
Intangibles28
Switching costs48
Network effect45
Efficient scale68
Our component scores (0-100) and overall 46.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17