Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
vs S&P Since Q1 26
-5.9%
TRAILING MARKET
FISV -1.7% vs S&P +4.1%
Market Reaction
Did FISV Beat Earnings? Q1 2026 Results
Fiserv delivered a headline beat in Q4 2025, but the results told a more complicated story beneath the surface. The fintech giant posted adjusted EPS of $1.99, ahead of the $1.91 consensus estimate by 4.19%, while revenue of $5.28 billion cleared exp… Read more Fiserv delivered a headline beat in Q4 2025, but the results told a more complicated story beneath the surface. The fintech giant posted adjusted EPS of $1.99, ahead of the $1.91 consensus estimate by 4.19%, while revenue of $5.28 billion cleared expectations by a wide 32.59% margin, though it crept just 0.6% higher year-over-year. The real narrative was the cost of transformation: Fiserv absorbed $73.00 million in One Fiserv program expenses during the quarter, a newly minted cost category tied to a multi-year AI-enabled operational overhaul, which contributed to adjusted operating margin contracting sharply from 42.9% to 34.9%. Organic revenue growth was flat in Q4, a meaningful step down from the 4% full-year rate, with both the Merchant and Financial Solutions segments seeing margin compression. Multiple analysts trimmed price targets following the print, reflecting skepticism about the pace of recovery. Looking to 2026, Fiserv guided for organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30, a range that could represent a decline from 2025's $8.64 adjusted EPS at the low end.
Key Takeaways
- • Merchant Solutions segment organic revenue growth of 1% in Q4 and 6% for the full year
- • Financial Solutions segment organic revenue declined 2% in Q4 but grew 2% for the full year
- • Organic revenue was flat in Q4 compared to 4% growth for the full year
- • Adjusted operating margin contracted to 34.9% from 42.9% in Q4
FISV Forward Guidance & Outlook
Fiserv expects 2026 organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30. The 2026 outlook includes an estimated 0.5% currency headwind and a 0.5% benefit from acquisitions, netting to organic revenue growth of 1% to 3%. CFO Paul Todd stated that the guidance is in line with what was outlined in October and that the company's focus on disciplined investment and efficiency supports an outlook for improving financial performance as 2026 progresses. Fiserv estimates amortization expense in 2026 related to acquired intangible assets will be relatively consistent with 2025 levels.
FISV YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FISV Revenue by Segment
With YoY comparisons, source: SEC Filings
“During the fourth quarter, which marked the first full quarter executing the One Fiserv plan, the team took decisive steps and achieved several meaningful milestones and client wins, while also delivering performance in line with our expectations.”
— Mike Lyons, Q1 2026 Earnings Press Release
FISV Earnings Trends
FISV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FISV EPS Trend
Earnings per share: estimate vs actual
FISV Revenue Trend
Quarterly revenue: estimate vs actual
FISV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 BEAT FY | $1.91 | $1.99 | +4.19% | $5.28B | +32.59% |
| FY Full Year | $8.60 | $8.64 | +0.50% | $21.19B | +6.53% |
| Q2 25 BEAT | $2.43 | $2.47 | +1.65% | $5.52B | — |
| Q1 25 BEAT | $2.08 | $2.14 | +2.88% | $5.13B | — |
| Q4 24 BEAT FY | $2.48 | $2.51 | +1.21% | $5.25B | — |
| FY Full Year | — | $8.80 | — | $20.46B | — |