Fiserv (FISV) Stock Overview
Provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
FISV Community Fair Values
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Analyst Price Targets
Top Community Narratives
Fiserv, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$54.39 |
| 52 Week High | US$140.42 |
| 52 Week Low | US$47.04 |
| Beta | 0.80 |
| 1 Month Change | 8.00% |
| 3 Month Change | -1.70% |
| 1 Year Change | -60.21% |
| 3 Year Change | -54.71% |
| 5 Year Change | -53.15% |
| Change since IPO | 19,528.93% |
Recent News & Updates
Narrative Update • 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
Narrative Update • 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 AlphaRecent updates
Narrative Update • 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 slotNarrative Update • 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 AlphaNarrative Update • 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.Narrative Update • 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.
New Narrative • 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.
Narrative Update • 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.Narrative Update • 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.
Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.New Narrative • 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 sourcesNarrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Analysis Article • 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...Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Shareholder Returns
| FISV | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | 3.8% | -0.03% | 0.6% |
| 1Y | -60.2% | 0.7% | 19.9% |
Return vs Industry: FISV underperformed the US Diversified Financial industry which returned 0.7% over the past year.
Return vs Market: FISV underperformed the US Market which returned 19.9% over the past year.
Price Volatility
| FISV volatility | |
|---|---|
| FISV Average Weekly Movement | 6.4% |
| Diversified Financial Industry Average Movement | 6.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: FISV has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FISV's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 38,000 | Takis Georgakopoulos | www.fiserv.com |
Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through the Merchant Solutions and Financial Solutions segments. The Merchant Solutions segment offers merchant acquiring and digital commerce services; mobile payment services; security and fraud protection solutions; stored-value solutions; software-as-a-service; POS devices; and pay-by-bank solutions.
Fiserv, Inc. Fundamentals Summary
| FISV fundamental statistics | |
|---|---|
| Market cap | US$29.51b |
| Earnings (TTM) | US$2.80b |
| Revenue (TTM) | US$20.87b |
10.3x
P/E Ratio1.4x
P/S RatioIs FISV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FISV income statement (TTM) | |
|---|---|
| Revenue | US$20.87b |
| Cost of Revenue | US$9.14b |
| Gross Profit | US$11.73b |
| Other Expenses | US$8.93b |
| Earnings | US$2.80b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.27 |
| Gross Margin | 56.22% |
| Net Profit Margin | 13.42% |
| Debt/Equity Ratio | 94.9% |
How did FISV perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/14 03:06 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 53 analysts. 29 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. |