Fiserv, Inc.
FISV.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2026 Q1
Fiserv posted Q1 2026 results that met management’s expectations, underscoring a consciously managed period of financial pressure as the company executes its turnaround. Adjusted revenue fell 2.4% and adjusted EPS dropped 16.4% to $1.79, which included a $0.17 timing‑related tax benefit, while the firm reaffirmed full‑year guidance for 1%‑3% organic revenue growth and signaled the Q2 decline will be the year’s trough. Segment performance split, with Merchant Solutions showing mid‑teens underlying growth and a 12% rise in Clover GPV, versus a 6% organic revenue decline in Financial Solutions, and operational metrics improving—client‑inquiry resolution time down 27% YoY and high‑impact incidents nearly 60% lower.
Adjusted Revenue
$4.68B
-2.4% YoY
Adjusted EPS
$1.79
-16.4% YoY
Adjusted Operating Margin
29.7%
-810 bps YoY
Clover GPV Growth (ex-gateway)
+12% YoY
—
FY2026 Organic Revenue Growth Guidance
1% to 3%
Reaffirmed
What We're Watching
Risk
Financial Solutions Client Attrition and Service Levels
📅
Ongoing
What to Monitor
Any quantification of whether core account attrition is stabilizing or improving from the current "above long-term trend" level. Monitor for continued improvement in client service KPIs like "time to resolve" and "high-impact client incidents."
Why It Matters
This remains the primary drag on consolidated growth and the most critical execution risk. Tangible evidence of stabilization is crucial to validating the turnaround strategy and achieving the segment's "flat to slightly down" guidance.
Opportunity
Early Adoption of New Clover Verticals
📅
Next Quarter
What to Monitor
Initial adoption metrics or qualitative feedback on the PracticePay (healthcare) and Professional Services offerings. Specifically, monitor if the initial trends of higher GPV per outlet and increased SaaS attach rates are sustained and scalable.
Why It Matters
Success in these new verticals is key to diversifying Clover's revenue base, increasing its total addressable market, and providing a compelling value proposition for the eventual conversion of non-Clover "back book" merchants.
Strategic
Investor Day Outlook and "Project Elevate" Targets
📅
May 14, 2026
What to Monitor
The company's new medium-term financial algorithm (beyond 2026), and specific, quantified financial targets for Project Elevate (revenue uplift, expense reduction). Also, monitor the strategy for new client-facing AI products.
Why It Matters
This event is the new leadership team's primary opportunity to re-establish long-term credibility and provide the financial framework for achieving its goal of mid-single-digit revenue and double-digit EPS growth.
Opportunity
Launch and Initial Uptake of Clover Savings
📅
Q2 2026
What to Monitor
Confirmation of the successful launch of Clover Savings, which is on track for completion by the end of Q2. Monitor any early commentary on merchant adoption or deposit-gathering through the platform.
Why It Matters
This is the first major product integrating the StoneCastle acquisition, creating a new value-added service and revenue stream. It is a key proof point for the strategy of embedding financial services into the Clover ecosystem.
Strategic
Portfolio Rationalization / Potential Dispositions
📅
Ongoing
What to Monitor
Any announcements or commentary regarding the divestiture of non-core assets, which management explicitly stated they are "evaluating."
Why It Matters
Dispositions would signal a sharpened strategic focus, could generate cash for capital returns or debt paydown, and would simplify the business, allowing management to concentrate on core growth areas like Clover and the Financial Solutions turnaround.
