Fiserv Management
Management criteria checks 0/4
Fiserv's CEO is Mike Lyons, appointed in May 2025, has a tenure of less than a year. total yearly compensation is $70.34M, comprised of 1.7% salary and 98.3% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth $1.14M. The average tenure of the management team and the board of directors is 0.9 years and 1.7 years respectively.
Key information
Mike Lyons
Chief executive officer
US$70.3m
Total compensation
| CEO salary percentage | 1.73% |
| CEO tenure | less than a year |
| CEO ownership | 0.003% |
| Management average tenure | less than a year |
| Board average tenure | 1.7yrs |
Recent management updates
Recent updates
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.Fiserv: Deeply Undervalued, But Don't Expect A Sharp Rebound
Apr 06
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.
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 sourcesFISV: 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.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.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.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.
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.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.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.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.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.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.Not Many Are Piling Into Fiserv, Inc. (NYSE:FI) Stock Yet As It Plummets 47%
Nov 01
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.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.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.Why We're Not Concerned Yet About Fiserv, Inc.'s (NYSE:FI) 25% Share Price Plunge
May 16
Fiserv: Slower Clover Volumes Raise Alarms, Too Soon To Buy
Apr 24Fiserv: Still A Long-Term Winner Even Under Uncertainty
Apr 16Fiserv: Challenges In Front Of Sustaining Share Price Momentum
Mar 15Fiserv: Attractive Earnings Growth Equity Story
Feb 15Fiserv: Clover Delivers Again, But Good News Is Increasingly Priced In (Rating Downgrade)
Feb 06Fiserv: Favorable Macroeconomic Tailwinds Will Drive Steady Revenue Growth
Dec 06Fiserv: No Longer A Bargain But Still A Fairly Valued High-Quality Company
Oct 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$70m | US$1m | US$3b |
Compensation vs Market: Mike's total compensation ($USD70.34M) is above average for companies of similar size in the US market ($USD14.50M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
CEO
Mike Lyons (54 yo)
less than a year
Tenure
US$70,341,992
Compensation
Mr. Michael Patrick Lyons, also known as Mike, served as Portfolio Manager at Maverick Ventures. He served as President at Fiserv, Inc. until May 06, 2025 and serves as its Chief Executive Officer and Dire...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$70.34m | 0.0034% $ 1.1m | |
| Co-President and COO of Technology & Merchant Solutions | less than a year | US$13.94m | 0.0079% $ 2.6m | |
| Co-President and Head of Financial Solutions | less than a year | US$16.80m | 0.0053% $ 1.8m | |
| Chief Financial Officer | less than a year | US$3.82m | 0.0032% $ 1.1m | |
| Chief Administrative Officer & Chief Legal Officer | 4.8yrs | US$5.87m | 0.0095% $ 3.1m | |
| Chief Accounting Officer | 10.1yrs | no data | 0.012% $ 4.0m | |
| Chief Technology Officer | 4.8yrs | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Senior VP & Head of Investor Relations | less than a year | no data | no data | |
| Chief Communications & Marketing Officer | less than a year | no data | no data | |
| Head of Corporate Development | 9.3yrs | US$1.37m | no data | |
| Chief Human Resources Officer | 3.1yrs | no data | no data |
0.9yrs
Average Tenure
54yo
Average Age
Experienced Management: FISV's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.3yrs | US$70.34m | 0.0034% $ 1.1m | |
| Independent Chairman of the Board | less than a year | no data | 0.00047% $ 155.4k | |
| Independent Director | 2.1yrs | US$360.11k | 0.00037% $ 122.4k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.2yrs | US$372.75k | 0.0022% $ 737.5k | |
| Vice Chairman | 1yr | US$8.50m | 0.034% $ 11.4m | |
| Independent Director | 3.3yrs | US$360.11k | 0.00052% $ 172.0k | |
| Independent Director | 6.8yrs | US$360.11k | 0.0043% $ 1.4m | |
| Independent Director | 1.1yrs | US$366.50k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 8.2yrs | US$367.47k | 0.0035% $ 1.2m | |
| Independent Director | 4.8yrs | US$372.75k | 0.0013% $ 439.9k |
1.7yrs
Average Tenure
61yo
Average Age
Experienced Board: FISV's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 16:28 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fiserv, Inc. is covered by 57 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jasper Hellweg | Argus Research Company |
| David Koning | Baird |
| Gary Prestopino | Barrington Research Associates, Inc. |