FISV Fiserv, Inc.
Price Chart
Executive Summary
Fiserv reported Q1 2026 GAAP EPS of $1.07, down 29% YoY, and adjusted EPS of $1.79, down 16% YoY. GAAP revenue fell 2% to $5.03B, with organic revenue declining 4% as both Merchant (-1%) and Financial Solutions (-6%) segments contracted. The company affirmed its full-year 2026 guidance for organic revenue growth of 1%-3% and adjusted EPS of $8.00-$8.30, but the broad-based revenue decline and margin compression signal ongoing operational headwinds.
Key Financial Metrics
Actionable Insight
The broad-based revenue decline and margin compression across both segments, combined with a 30% drop in free cash flow, signal structural headwinds beyond seasonal noise. The May 14 Investor Day is the next catalyst — watch for medium-term targets and progress on the One Fiserv Action Plan. The affirmed guidance provides a floor but does not offset the Q1 deterioration.
Key Facts
- GAAP revenue $5.03B, down 2% YoY; organic revenue down 4%
- GAAP EPS $1.07, down 29% YoY; adjusted EPS $1.79, down 16% YoY
- GAAP operating margin compressed to 18.3% from 27.2% YoY; adjusted operating margin fell to 29.7% from 37.8%
- Merchant Solutions organic revenue -1%; Financial Solutions organic revenue -6%
- Operating cash flow $599M vs $648M YoY; free cash flow $259M vs $371M YoY
- Company repurchased 3.3M shares for $200M in Q1
- Affirmed FY2026 guidance: organic revenue growth 1%-3%, adjusted EPS $8.00-$8.30
Financial Impact
GAAP revenue decline of 2% ($5.03B vs $5.13B), GAAP EPS decline of 29% ($1.07 vs $1.51), adjusted EPS decline of 16% ($1.79 vs $2.14), operating cash flow decline of 8% ($599M vs $648M), free cash flow decline of 30% ($259M vs $371M)
Risk Factors
- Continued organic revenue decline in Financial Solutions (-6%) could signal loss of market share or client attrition
- Operating margin compression (GAAP 18.3% vs 27.2%) driven by One Fiserv transformation costs and severance may persist
- Free cash flow decline of 30% limits capital return flexibility despite $200M in buybacks
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287513 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 2, 2026
7d ago
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Press Release
| $56.46 $55.08 | ▼ −2.44% | ▼ −1.75% | $52.72 (−6.62%) |
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May 14, 2026
26d ago
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Press Release
| $53.46 $55.33 | ▲ +3.50% | ▲ +4.72% | $52.72 (−1.38%) |
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May 14, 2026
26d ago
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Press Release
| $53.46 $55.33 | ▲ +3.50% | ▲ +4.72% | $52.72 (−1.38%) |
|
May 5, 2026
5w ago
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8-K
| $57.28 $56.11 | ▲ +2.04% | ▲ +3.43% | $52.72 (+7.96%) |
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May 5, 2026
5w ago
|
Press Release
| $57.28 $56.11 | ▲ +2.04% | ▲ +3.43% | $52.72 (+7.96%) |
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Apr 20, 2026
7w ago
|
Press Release
| $64.14 $63.26 | ▼ −1.37% | ▼ −0.72% | $52.72 (−17.80%) |
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Feb 28, 2026
14w ago
|
Institutional Cluster
| $61.85 $62.89 | ▲ +1.68% | ▲ +2.60% | $52.72 (−14.76%) |
US Market Status
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