Fiserv (FISV) Proxy filing summary

Executive summary

• Outlined a comprehensive transformation plan, One Fiserv, focused on client service, product delivery, tech resilience, and disciplined capital allocation, aiming to reclaim a reputation as a consistent compounder in financial technology.

• Emphasized leveraging AI and data to drive revenue growth, cost efficiency, and enhanced client service across both Merchant and Financial Solutions segments.

• Announced strategic collaborations, including with OpenAI, and highlighted new products such as agentOS and agentic commerce, positioning for future growth in embedded finance and digital currencies.

• Projected mid-single digit adjusted revenue growth, double-digit EPS growth, and over $13.5 billion in free cash flow through 2029, with a focus on shareholder returns and maintaining an investment-grade balance sheet.

Voting matters and shareholder proposals

• Announced the sale of a majority stake in the ATM business for $300 million, with proceeds allocated to share repurchase and deleveraging.

• Reaffirmed commitment to capital return, primarily through share repurchases, while targeting a leverage ratio of 2.5x by 2029.

Board of directors and corporate governance

• Highlighted recent leadership changes, including new Co-Presidents and a focus on building a high-performing, engaged management team.

• Noted record-low top talent attrition and increased employee engagement year over year.