Fiserv (FISV) Aperçu de l'action
Fiserv, Inc. fournit des solutions technologiques pour les paiements et les services financiers aux États-Unis, en Europe, au Moyen-Orient et en Afrique, en Amérique latine, dans la région Asie-Pacifique et dans le monde entier. Plus de détails
| Score flocon de neige | |
|---|---|
| Évaluation | 5/6 |
| Croissance future | 1/6 |
| Performances passées | 2/6 |
| Santé financière | 2/6 |
| Dividendes | 0/6 |
FISV Community Fair Values
Create NarrativeSee what 278 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
Fiserv, Inc. Concurrents
Historique des prix et performances
| Historique des cours de bourse | |
|---|---|
| Prix actuel de l'action | US$51.37 |
| Plus haut sur 52 semaines | US$140.19 |
| Plus bas sur 52 semaines | US$47.04 |
| Bêta | 0.80 |
| Variation sur 1 mois | 1.50% |
| Variation sur 3 mois | -10.08% |
| Variation sur 1 an | -63.31% |
| Variation sur 3 ans | -57.43% |
| Variation sur 5 ans | -56.25% |
| Évolution depuis l'introduction en bourse | 18,439.04% |
Nouvelles et mises à jour récentes
Mise à jour du récit • Aug 13
Q1 2026 FCF collapse has reset the debate from "fair value" to "distressed transformation"
Fiserv is a high-switching-cost payments infrastructure business where the original FCF recovery thesis has been invalidated by structural revenue deterioration, a 48% collapse in annualized FCF, and the emergence of SEC/DOJ investigations — the position offers minimal margin of safety at current prices. Investment Thesis The switching-cost moat in core banking and debit processing remains structurally intact, but is no longer generating the earnings required to support the equity value above $27.3B in net debt Clover small business volume continues to grow, but Argentina headwinds, hardware declines, and the collapse of high-margin license and analytics revenue have made the VAS compounding thesis insufficient to drive FCF recovery on any near-term horizon The buyback engine that was the primary EPS accretion mechanism has effectively ceased — $300M in H1 2026 versus $4.4B in H1 2025 — removing the mechanical support for the forward earnings multiple A second CEO change in twelve months, parallel SEC and DOJ investigations into 2025 earnings guidance, and a securities class action naming the current CEO have introduced categorical governance risk that cannot be modeled in a DCF and that changes the character of the investment from operational turnaround to legal overhang Base-case DCF at 9.5% WACC now implies approximately 50% downside from the $58 cost basis, with negative equity value in the bear case — the margin of safety has inverted and the thesis no longer meets the standard for holding Risk Considerations H1 2026 FCF of $1,126M annualizes to $2.25B against $27.3B in net debt; leverage converts the 48% FCF decline into near-total equity impairment under base-case assumptions, with no near-term catalyst for reversal Financial Solutions operating margin collapsed from 48% to 38% in two quarters driven by structural loss of high-margin license and analytics revenue — not transformation spend — suggesting competitive displacement rather than a temporary cost cycle SEC Enforcement and DOJ investigations into 2025 earnings guidance, alongside a federal securities class action, introduce the possibility of restatements, executive departures, or financial penalties that are unquantifiable and unhedgeable at the position level $18.5B of goodwill in eight reporting units where fair value exceeded carrying value by less than 15% at December 31, 2025 — continued margin pressure and stock price deterioration raise the probability of a material non-cash impairment charge No embedded gain, no tax friction, and no margin of safety at cost basis — capital redeployed into a position with a genuinely comfortable bear case represents a superior use of the portfolio slot
Mise à jour du récit • Aug 07
FISV: Future Upside Will Depend On Debit Network Asset Sales
Analysts have trimmed their average price targets for Fiserv by a few dollars, with cuts from firms including Goldman Sachs, Morgan Stanley, UBS, Barclays, Truist and others. These changes reflect lower revenue growth assumptions, slightly softer profit margin expectations and concerns about execution during the company’s turnaround and leadership transition.Recent updates
Mise à jour du récit • Aug 13
Q1 2026 FCF collapse has reset the debate from "fair value" to "distressed transformation"
Fiserv is a high-switching-cost payments infrastructure business where the original FCF recovery thesis has been invalidated by structural revenue deterioration, a 48% collapse in annualized FCF, and the emergence of SEC/DOJ investigations — the position offers minimal margin of safety at current prices. Investment Thesis The switching-cost moat in core banking and debit processing remains structurally intact, but is no longer generating the earnings required to support the equity value above $27.3B in net debt Clover small business volume continues to grow, but Argentina headwinds, hardware declines, and the collapse of high-margin license and analytics revenue have made the VAS compounding thesis insufficient to drive FCF recovery on any near-term horizon The buyback engine that was the primary EPS accretion mechanism has effectively ceased — $300M in H1 2026 versus $4.4B in H1 2025 — removing the mechanical support for the forward earnings multiple A second CEO change in twelve months, parallel SEC and DOJ investigations into 2025 earnings guidance, and a securities class action naming the current CEO have introduced categorical governance risk that cannot be modeled in a DCF and that changes the character of the investment from operational turnaround to legal overhang Base-case DCF at 9.5% WACC now implies approximately 50% downside from the $58 cost basis, with negative equity value in the bear case — the margin of safety has inverted and the thesis no longer meets the standard for holding Risk Considerations H1 2026 FCF of $1,126M annualizes to $2.25B against $27.3B in net debt; leverage converts the 48% FCF decline into near-total equity impairment under base-case assumptions, with no near-term catalyst for reversal Financial Solutions operating margin collapsed from 48% to 38% in two quarters driven by structural loss of high-margin license and analytics revenue — not transformation spend — suggesting competitive displacement rather than a temporary cost cycle SEC Enforcement and DOJ investigations into 2025 earnings guidance, alongside a federal securities class action, introduce the possibility of restatements, executive departures, or financial penalties that are unquantifiable and unhedgeable at the position level $18.5B of goodwill in eight reporting units where fair value exceeded carrying value by less than 15% at December 31, 2025 — continued margin pressure and stock price deterioration raise the probability of a material non-cash impairment charge No embedded gain, no tax friction, and no margin of safety at cost basis — capital redeployed into a position with a genuinely comfortable bear case represents a superior use of the portfolio slotMise à jour du récit • Aug 07
FISV: Future Upside Will Depend On Debit Network Asset Sales
Analysts have trimmed their average price targets for Fiserv by a few dollars, with cuts from firms including Goldman Sachs, Morgan Stanley, UBS, Barclays, Truist and others. These changes reflect lower revenue growth assumptions, slightly softer profit margin expectations and concerns about execution during the company’s turnaround and leadership transition.Seeking Alpha • Aug 06
Fiserv Q2: Being Greedy May Prove To Be A Big Mistake
Summary Fiserv, Inc. continues to disappoint, with Q2 2026 results showing accelerating revenue and margin declines and further guidance cuts. FISV's organic revenue shrank 5% YoY, operating margins fell 780 bps, and EPS dropped 26% versus Q2 2025, highlighting ongoing operational struggles. Management is now expecting flat to negative organic growth in 2026 and lower EPS, casting doubt on near-term turnaround prospects. Despite a low valuation, persistent revenue shrinkage, margin pressure, and management credibility issues make FISV a high-risk, non-compelling value play. Read the full article on Seeking AlphaMise à jour du récit • Jul 24
FISV: Future Upside Will Hinge On Leadership Stability And Asset Sales
Analysts have trimmed the implied fair value for Fiserv stock from about $68.48 to roughly $66.85. This reflects lower Street price targets as they weigh leadership changes, execution questions and mixed views on the company’s ability to hit medium term goals, despite generally achievable near term earnings expectations.Mise à jour du récit • Jul 09
FISV: Future Upside Will Depend On AI Execution Under New Leadership
Fiserv's updated analyst price target has moved lower by $1.48 to reflect slightly higher discount rate assumptions, modestly softer revenue growth and margin expectations, and mostly unchanged future P/E inputs cited across recent research coverage. Analyst Commentary Recent research on Fiserv reflects a wide range of views, with many firms trimming price targets while keeping neutral or market perform ratings.
Nouveau récit • Jul 02
Temporary "perfect storm" leads to opportunity to buy financial services leader for less than 5x long-term earnings
The Most Beaten Down Stock in Financial Services Are you having a bad day? Chances are Fiserv (FISV) has had it worse.
Mise à jour du récit • Jun 13
FISV: Execution Risks In AI And Stablecoin Plans Will Restrain Future Returns
The analyst fair value estimate for Fiserv has been reduced from $50 to $40 as analysts factor in lower near term revenue expectations, modestly softer margin and P/E assumptions, and a mixed backdrop of recent price target cuts and rating downgrades alongside a few incremental target increases tied to operational improvement plans. Analyst Commentary Recent Street research on Fiserv points to a more cautious tone, with several Bearish analysts trimming price targets and, in some cases, moving to more conservative ratings.Mise à jour du récit • May 30
FISV: Future Upside Will Rely On AI Execution And Margin Expansion
Analysts trimmed the Fiserv price target by about $15 to align with lower near term revenue assumptions after Q1 and a broad reset across the group, while still pointing to improving merchant feedback and slightly higher margin expectations in their updated models. Analyst Commentary Bullish Takeaways Bullish analysts see the updated models, including the US$65 price target from Morgan Stanley and the US$60 target from BMO, as reflecting a more balanced view of valuation that factors in recent revenue resets while still assigning value to Fiserv’s scale in payments and merchant acquiring.
Mise à jour du récit • May 15
FISV: Merchant Strength And Activist Actions Will Support Future Earnings Recovery
Analysts have reduced Fiserv’s fair value estimate from $107.30 to $99.18. The revision reflects a series of modest price target cuts and more cautious revenue growth assumptions, partially offset by slightly stronger projected profit margins and a lower future P/E of about 14.7x.Mise à jour du récit • May 05
Q1 2026 FCF collapse has reset the debate from "fair value" to "distressed transformation"
Fiserv is a high-switching-cost payments infrastructure business where the Q1 2026 FCF collapse has reset the debate from "fair value" to "distressed transformation" — the thesis now depends entirely on whether Project Elevate delivers FCF recovery in 2027 before leverage becomes a constraint.Mise à jour du récit • May 01
FISV: Banking Weakness And EPS Headwinds Will Constrain Future Share Performance
Fiserv's analyst price targets have been trimmed by a few dollars across multiple firms, with analysts broadly citing lower near term expectations for Banking and Financial Solutions, along with continuing constructive views on Merchant Solutions and updated assumptions for growth, margins and discount rates in their refreshed models. Analyst Commentary Recent research on Fiserv has tilted more cautious, with several bearish analysts trimming price targets and, in some cases, shifting to more neutral stances.Mise à jour du récit • Apr 16
FISV: Weaker Banking Revenues And EPS Pressure Will Challenge Future Earnings Power
Analysts have trimmed the Fiserv price target by several dollars into the mid $60s range, citing more cautious Banking revenue assumptions, expectations for a few quarters of EPS pressure, and modestly higher required returns. This comes even as models still reflect mid single digit revenue growth, slightly stronger profit margins, and a lower future P/E multiple around 9x.Mise à jour du récit • Apr 02
FISV: Merchant Execution And Activist Pressure Will Support Future Rebound Potential
Analysts have trimmed the Fiserv fair value estimate by about $1 to $107.30. This reflects a shift toward higher modeled revenue growth alongside slightly lower profit margins and a modestly reduced future P/E, as recent target cuts and neutral ratings signal more mixed expectations for the shares.Nouveau récit • Mar 27
Fiserv is a high-switching-cost payments infrastructure business at fair value under even pessimistic assumptions.
Investment Thesis Clover’s 25% VAS penetration with a clear path to 35-40%+ is a high-margin compounding engine that the market is likely underweighting relative to the noise around transformation spend Financial Solutions core banking and debit processing carry near-irreplaceable switching costs — client defection risk is structurally low regardless of competitive pressure at the margin At ~10-11x 2026 adjusted EPS, the stock prices in essentially no recovery from the guided trough — any normalization toward 38%+ adjusted margins in 2027-28 creates meaningful upside $4.3B+ in annual FCF funds ~$5-6B in annual buybacks, reducing share count ~6%/year and creating EPS growth even in a flat-revenue environment Project Elevate efficiency initiatives and AI platform investments are the right structural response to competitive pressure, and are temporary in nature rather than permanent margin impairment Risk Considerations $28.2B in net debt means FCF deterioration is amplified directly into equity value destruction — a 1.5% WACC shift moves intrinsic value by ~$25-30/share Banking segment organic revenue declined 3% in FY25 with no clear inflection catalyst; cloud-native core banking competitors (Thought Machine, Temenos, Mambu) are winning greenfield deals Fiserv cannot Operating margin has compressed ~200 bps in both FY25 and is guided to compress again in FY26 — if the margin trough extends beyond 2026, the FCF engine supporting buybacks begins to erode Clover competes directly against Square, Toast, and Stripe in adjacent verticals — any meaningful take-rate compression or merchant loss in the SMB segment would impair the primary growth thesis The proxy statement (DEF 14A) has not yet been filed; management compensation structure and insider ownership — key governance inputs — remain unverified from primary sourcesMise à jour du récit • Mar 18
FISV: Merchant Segment Execution And Activist Engagement Will Drive Rebound Potential
Fiserv's updated analyst price target edges higher to $108.32 from $107.62, reflecting modestly revised assumptions around revenue growth, profit margins, and future P/E as analysts balance cautious views on near term banking weakness with steadier expectations for merchant solutions. Analyst Commentary Recent Street research on Fiserv points to a mixed backdrop, but there are clear pockets of optimism that help explain why the updated price target moves slightly higher.Mise à jour du récit • Mar 04
FISV: Merchant Strength And Activist Pressure Will Support Rebound Potential
Our analyst price target for Fiserv has been reduced to $107.62 from $231.84 as analysts factor in lower revenue growth and profit margin assumptions, a higher discount rate, and more conservative future P/E expectations following recent updates to their payments and banking models. Analyst Commentary Recent Street research around Fiserv points to a more cautious stance on near term earnings and segment performance, but it also surfaces several areas where analysts still see potential support for the equity story.Mise à jour du récit • Feb 17
FISV: Bearish Rating Shifts And Weaker Sentiment Will Pressure Future Earnings Power
The analyst price target for Fiserv has been reduced, with recent cuts ranging from $4 to $17 as analysts factor in more cautious revenue growth, slightly lower profit margin expectations, a modestly lower discount rate, and a higher assumed future P/E multiple. Analyst Commentary Recent Street research on Fiserv points to a more cautious stance, with several bearish analysts trimming price targets and, in some cases, downgrading the shares.Mise à jour du récit • Feb 03
FISV: Slower Core Execution And Legal Scrutiny Will Pressure Earnings Power
Analysts have cut their price targets on Fiserv to a clustered range around US$77 to US$99. This reflects a more cautious stance tied to lower assumed growth, slightly higher discount rates, trimmed future P/E expectations and mixed sentiment around the pace of improvement in its core payments and banking businesses.Mise à jour du récit • Jan 20
FISV: Future Upside Will Rely On Recurring Revenue And Execution Reset
Analysts have reduced their Fiserv fair value estimate by about US$1.75 per share. This reflects lower assumed revenue growth, slightly higher discount rates, and reduced price targets across the Street that indicate a reset of expectations following recent earnings and guidance changes.Mise à jour du récit • Jan 06
FISV: Future Upside Will Rely On Durable Recurring Revenue Reset
Analysts have cut their Fiserv price targets sharply, with our fair value estimate moving from US$95.48 to US$86.50. They are resetting expectations around slower reported growth, margin pressure and a lower future P/E multiple following the Q3 earnings miss, guidance reductions and management changes.Mise à jour du récit • Dec 16
FISV: Multi-Year Reset Will Likely Pressure Margins And Earnings Power
Analysts have slashed our Fiserv fair value estimate from about $141 to $50 as they recalibrate for sharply slower revenue growth, lower sustainable margins, and a more uncertain multiyear transition period following the company’s guidance reset and management overhaul. Analyst Commentary Bearish analysts have responded to Fiserv’s reset by aggressively cutting price targets and ratings, reflecting a reassessment of the company’s structural growth profile and execution risk.Mise à jour du récit • Dec 01
FISV: Future Returns Will Rely On Durable Recurring Revenue Model
Fiserv's analyst price target has been meaningfully lowered, as analysts cite diminished growth expectations and emphasize the need for a more conservative financial outlook following recent earnings results and leadership changes. Analyst Commentary Recent analyst coverage of Fiserv following the company's earnings miss and management changes has led to swift and significant changes to price targets, ratings, and sector outlooks.Mise à jour du récit • Nov 17
FISV: Future Performance Will Depend On Evolving Recurring Revenue Strategy
Analysts have significantly reduced their price targets for Fiserv, with fair value estimates falling from approximately $107 to $96 per share. They cite sharply lower revenue growth expectations, margin pressures, and a strategic reset following a period of over-optimistic guidance and management transition.Mise à jour du récit • Nov 03
FI: Management Transition And Recurring Revenue Focus Will Support Long-Term Recovery
Analysts have sharply reduced their fair value estimate for Fiserv from approximately $178 to $107. This change reflects concerns over diminished growth prospects, margin pressure, increased discount rates, and a significant strategic reset following earnings and guidance disappointments.Article d’analyse • Nov 01
Not Many Are Piling Into Fiserv, Inc. (NYSE:FI) Stock Yet As It Plummets 47%
Fiserv, Inc. ( NYSE:FI ) shareholders that were waiting for something to happen have been dealt a blow with a 47% share...Mise à jour du récit • Oct 20
Global Digital Payments Expansion Will Drive Future Prosperity
Fiserv’s fair value estimate has decreased from $183.91 to $178.38. Analysts cite tempered growth outlooks, margin guidance reductions, and increasing competitive pressures as factors driving the lower price targets.Mise à jour du récit • Oct 06
Global Digital Payments Expansion Will Drive Future Prosperity
Analysts have lowered their price target for Fiserv from approximately $187.64 to $183.91. They cite cautious organic growth and margin outlooks, despite the company's ongoing long-term potential.Mise à jour du récit • Sep 21
Global Digital Payments Expansion Will Drive Future Prosperity
Despite near-term concerns over slower organic growth and cautious investor sentiment in the payments sector, analysts remain confident in Fiserv’s long-term compounding potential, resulting in a modest price target increase from $184.16 to $187.64. Analyst Commentary Lowered organic growth and margin guidance continues to weigh on shares, indicating fundamental softness and pressuring near-term valuation.Rendement pour les actionnaires
| FISV | US Diversified Financial | US Marché | |
|---|---|---|---|
| 7D | -7.4% | 0.2% | -0.8% |
| 1Y | -63.3% | -0.5% | 20.5% |
Rendement vs Industrie: FISV a sous-performé le secteur US Diversified Financial qui a rapporté -0.5 % au cours de l'année écoulée.
Rendement vs marché: FISV a sous-performé le marché US qui a rapporté 20.5 % au cours de l'année écoulée.
Volatilité des prix
| FISV volatility | |
|---|---|
| FISV Average Weekly Movement | 6.4% |
| Diversified Financial Industry Average Movement | 6.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Cours de l'action stable: FISV n'a pas connu de volatilité de prix significative au cours des 3 derniers mois par rapport au marché US.
Volatilité au fil du temps: La volatilité hebdomadaire de FISV ( 6% ) est restée stable au cours de l'année écoulée.
À propos de l'entreprise
| Fondée | Salariés | PDG | Site web |
|---|---|---|---|
| 1984 | 38,000 | Takis Georgakopoulos | www.fiserv.com |
Fiserv, Inc. fournit des solutions technologiques dans le domaine des paiements et des services financiers aux États-Unis, en Europe, au Moyen-Orient et en Afrique, en Amérique latine, dans la région Asie-Pacifique et à l’échelle internationale. La société exerce ses activités à travers les segments « Merchant Solutions » et « Financial Solutions ». Le segment « Merchant Solutions » propose des services d’acquisition de commerçants et de commerce numérique ; des services de paiement mobile ; des solutions de sécurité et de protection contre la fraude ; des solutions de cartes prépayées ; des logiciels en tant que service (SaaS) ; des terminaux de point de vente ; et des solutions de paiement par virement bancaire. Son segment « Financial Solutions » propose des paiements numériques, notamment des services de traitement des cartes de débit, des services de réseaux de débit, des produits de sécurité et de protection contre la fraude, le paiement de factures, les paiements de particulier à particulier et les virements de compte à compte ; des services d’émission comprenant des services de traitement des cartes de crédit, des services de traitement des cartes prépayées, des services de production de cartes, des services d’impression, le traitement des paiements publics et le traitement des prêts étudiants ; ainsi que des services bancaires, tels que le traitement des prêts à la clientèle et des comptes de dépôt, la banque numérique, la gestion financière et des risques, les services professionnels et de conseil, et les services de traitement des chèques.
Fiserv, Inc. Résumé des fondamentaux
| FISV statistiques fondamentales | |
|---|---|
| Capitalisation boursière | US$27.69b |
| Bénéfices(TTM) | US$2.80b |
| Recettes(TTM) | US$20.87b |
9.8x
Ratio P/E1.3x
Ratio P/SLe site FISV est-il surévalué ?
Voir Juste valeur et analyse de l'évaluationBénéfices et recettes
| FISV compte de résultat (TTM) | |
|---|---|
| Recettes | US$20.87b |
| Coût des recettes | US$9.14b |
| Marge brute | US$11.73b |
| Autres dépenses | US$8.93b |
| Les revenus | US$2.80b |
Derniers bénéfices déclarés
Jun 30, 2026
Prochaine date de publication des résultats
s/o
| Résultat par action (EPS) | 5.27 |
| Marge brute | 56.22% |
| Marge bénéficiaire nette | 13.42% |
| Ratio dettes/capitaux propres | 94.9% |
Quelles ont été les performances à long terme de FISV?
Voir les performances historiques et les comparaisonsAnalyse de l'entreprise et données financières
| Données | Dernière mise à jour (heure UTC) |
|---|---|
| Analyse de l'entreprise | 2026/08/20 23:53 |
| Cours de l'action en fin de journée | 2026/08/20 00:00 |
| Les revenus | 2026/06/30 |
| Revenus annuels | 2025/12/31 |
Sources de données
Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.
| Paquet | Données | Cadre temporel | Exemple de source américaine * |
|---|---|---|---|
| Finances de l'entreprise | 10 ans |
| |
| Estimations consensuelles des analystes | +3 ans |
|
|
| Prix du marché | 30 ans |
| |
| Propriété | 10 ans |
| |
| Gestion | 10 ans |
| |
| Principaux développements | 10 ans |
|
* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.
Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.
Modèle d'analyse et flocon de neige
Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github ; nous proposons également des guides sur la façon d’utiliser nos rapports et des tutoriels sur YouTube.
Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.
Indicateurs de l'industrie et du secteur
Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.
Sources des analystes
Fiserv, Inc. est couverte par 53 analystes. 29 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.
| Analyste | Institution |
|---|---|
| Jasper Hellweg | Argus Research Company |
| David Koning | Baird |
| Gary Prestopino | Barrington Research Associates, Inc. |