)
Fiserv (FI) investor relations material
Fiserv Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Leadership launched the One Fiserv action plan, focusing on sustainable, high-quality, recurring revenues, operational excellence enabled by AI, and client-first growth.
Four key factors drove the reset: slowing cyclical growth in Argentina, recalibration of growth assumptions, deferred investments, and deprioritization of short-term initiatives.
New leadership appointments, including Co-Presidents, CFO, and board refreshment, aim to drive execution and accountability.
Positioned as a leading global fintech at the intersection of finance and commerce, with a focus on small business platforms and innovative solutions like embedded finance and stablecoin.
Financial highlights
Q3 adjusted revenue grew 1% to $4.92B; GAAP revenue $5.26B (+1% YoY); YTD adjusted revenue $14.9B (+5% YoY); YTD GAAP revenue $15.91B (+5% YoY).
Q3 adjusted EPS was $2.04 (down 11% YoY); YTD adjusted EPS $6.65 (up 6% YoY); Q3 GAAP EPS $1.46 (up 49% YoY); YTD GAAP EPS $4.83 (up 29% YoY).
Q3 adjusted operating margin: 37% (down 320 bps YoY); YTD: 38.2% (flat YoY); Q3 GAAP operating margin: 27.3%.
Free cash flow for Q3: $1.3B; YTD: $2.9B; trailing 12 months: $4.8B; full-year expected at $4.25B.
Repurchased 7.2M shares in Q3 for $1.0B; $5.4B returned YTD; $6.7B over trailing 12 months.
Outlook and guidance
2025 organic revenue growth expected at 3.5–4%; adjusted EPS of $8.50–$8.60; adjusted operating margin expected to contract by ~200 bps.
Free cash flow for 2025 projected at ~$4.25B; CapEx expected at ~$1.8B.
2026 will be a transition year with low single-digit organic revenue growth and modestly lower adjusted EPS; double-digit adjusted EPS growth targeted from 2027.
Clover revenue for 2025 expected at $3.3B; Q4 Clover revenue growth expected at ~10%, with normalization and acceleration expected in 2027.
Next Fiserv earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Powering the Financial World
Fiserv, Inc., established in 1984, is a leading global provider of financial services technology. Its solutions enable thousands of financial institutions, businesses, and consumers to manage and move money easily and securely and they have become a vital cog in the global financial ecosystem. The company's product portfolio can be broadly categorized into payments, processing services, risk and compliance, customer and channel management, and insights and optimization.
Growth Through M&A
Fiserv's journey has been marked by a series of strategic acquisitions and product innovations, and its birth was in turn the result of two firms in 1984. The company went public just two years later, and the company has expanded its reach and services, adapting to the evolving needs of the financial industry.
It has brought together best-in-class technologies and expertise through a number of strategic acquisitions, including leading companies like First Data Corporation, CheckFree, and Open Solutions. These acquisitions have significantly broadened Fiserv's capabilities, enabling it to provide an all-encompassing suite of financial services technology solutions.
The Services
Fiserv offers a comprehensive suite of financial solutions that streamline operations and enhance security across various financial transactions. Their offerings include an array of services such as banking solutions, payment processing, risk and compliance management, and investment services, each designed to address the dynamic needs of today's financial landscape.
Their payment solutions handle billions of transactions annually, with everything from debit and credit card processing to electronic bill payments, mobile banking, and point-of-sale services. Meanwhile, their risk and compliance solutions assist businesses in mitigating financial risks, ensuring regulatory compliance, and preventing financial crimes. The banking and investment services provided by Fiserv are designed to optimize operational efficiency for financial institutions, saving money for the client and creating smoother customer experiences.
A Well Regarded Organization
Fiserv has a long history of excellence and recognition by the global financial services community. Oftentimes described as the quiet worker toiling away in the background to ensure that critical services run smoothly. The company has been listed as number one in FORTUNE Magazine's list of “World's most admired companies” numerous times. This is also highlighted by the fact that their customer includes names like JPMorgan, Wells Fargo, and Citi.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage