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Earnings analysis · 10-Q

FISV earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Fiserv reported Q1 2026 results with total revenue of $5.03 billion, down 2% year-over-year, and diluted EPS of $1.07, which missed analyst estimates of $1.57. The Financial segment saw a significant 5% decline, while…

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Fiserv reported Q1 2026 results with total revenue of $5.03 billion, down 2% year-over-year, and diluted EPS of $1.07, which missed analyst estimates of $1.57. The Financial segment saw a significant 5% decline, while operating income decreased 34% reflecting pressure on margins and higher costs from the One Fiserv transformation program.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

Merchant 47.2% Financial 45.8% Corporate 7.0%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$1.07
Operating margin
18.3%

What stood out

  • EPS Outperformance vs Estimates

    Reported EPS of $1.79 exceeded estimates of $1.57 by 14%.

  • Revenue Trend

    Total revenue decreased by $103 million or 2% compared to Q1 2025.

  • Operating Income Decline

    Operating income dropped 34% year-over-year, from $1.4 billion to $918 million.

  • Cost Management Issues

    Total expenses increased by 10% year-over-year, mainly driven by higher personnel and data processing costs.

  • Improved Cash Position

    Cash and cash equivalents rose to $829 million, a slight increase from the prior quarter.

  • Segment Growth in Corporate

    Corporate and Other segment revenue increased by $11 million, or 3%, compared to Q1 2025.

What to watch

  • Revenue Decline in Financial Solutions Segment

    Financial segment revenue dropped by 5%, significantly contributing to the overall revenue decrease.

  • Operating Margin Pressure

    Total operating margin decreased by 890 bps to 18.3%, impacting profitability.

  • High Capital Expenditures

    Capital expenditures increased 37% to $458 million, representing 9% of total revenue.

Management's outlook

Maintained organic revenue growth outlook of 1% to 3% for 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.