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 $1.18M. 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
Fiserv: Deeply Undervalued, But Don't Expect A Sharp Rebound
Apr 06
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 sourcesNot Many Are Piling Into Fiserv, Inc. (NYSE:FI) Stock Yet As It Plummets 47%
Nov 01
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 ($USD14.14M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
CEO
Mike Lyons (54 yo)
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% $ 1.2m | |
| Co-President and COO of Technology & Merchant Solutions | less than a year | US$13.94m | 0.0079% $ 2.7m | |
| 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% $ 3.2m | |
| Chief Accounting Officer | 10.1yrs | no data | 0.012% $ 4.1m | |
| Chief Technology Officer | 4.8yrs | no data | no data | |
| Executive VP & Chief Information Officer | no data | no data | no data | |
| Senior VP & Head of Investor Relations | less than a year | no data | no data | |
| Executive VP and 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 |
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% $ 1.2m | |
| Independent Chairman of the Board | less than a year | no data | 0.00047% $ 160.3k | |
| Independent Director | 2.1yrs | US$360.11k | 0.00037% $ 126.2k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.2yrs | US$372.75k | 0.0022% $ 760.3k | |
| Vice Chairman | 1yr | US$8.50m | 0.034% $ 11.7m | |
| Independent Director | 3.3yrs | US$360.11k | 0.00052% $ 177.3k | |
| Independent Director | 6.8yrs | US$360.11k | 0.0043% $ 1.5m | |
| 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% $ 453.5k |
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 | 2026/04/20 22:46 |
| End of Day Share Price | 2026/04/20 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
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Analyst Sources
Fiserv, Inc. is covered by 56 analysts. 26 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. |