FirmAtlas
Company handbook · FISV · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
FISV · CIK 798354 · LATEST FILING: 10-Q JUN '26 · FILED AUG 7, 2026
Fiserv, Inc.
$47.55
+0.34 (+0.72%)
Close, Oct 16, 2026 · 52-week $44–129
Last fiscal year
Fiserv, Inc. reported revenue of $21.2B for the year ended Dec 31, 2025 (FY25), up 3.6% from FY24. Net income was $3.5B, operating cash flow $6.1B and free cash flow $4.3B. Source: 10-K filed Feb 19, 2026.
Market cap
$26.1B
P/E
9.3
EV/EBITDA
8.1x
P/B
1.0
ROIC
9.3%
Revenue 1Y
3.6%/yr
EPS 1Y
17.8%/yr
Shares 1Y
−6%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOTakis Georgakopoulos
HQMilwaukee, WI
AuditorDeloitte & Touche LLP
Employees38,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−0.5%
−15.4%
−25.2%
−59.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.2B deployed
Capex
$3.3B
80.3%
Acquisitions
$820M
19.7%
Operating cash flow over the period: $12.7B. Total debt changed by +$4.0B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY15).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
20,456
21,193+3.6%
20,866
YoY
+3.6%
Operating income
5,879
5,818−1.0%
4,660
Operating margin
28.7%
27.5%−1.3 pp
—
EBITDA
6,468
6,487+0.3%
—
EBITDA margin
31.6%
30.6%−1.0 pp
—
Interest expense
1,238
1,531+23.7%
—
Interest coverage
5.22x
4.24x−0.99x
—
Net income
3,131
3,480+11.1%
2,801
YoY
+11.1%
Net margin
15.3%
16.4%+1.1 pp
—
EPS (diluted, $)
5.38
6.34+17.8%
5.18
YoY
+17.8%
Balance sheet
Total assets
77,176
80,133+3.8%
80,886
Cash & short-term investments
2,993
2,802−6.4%
—
Accounts receivable
3,725
3,981+6.9%
—
Net PP&E
2,374
3,084+29.9%
—
Other assets
68,084
70,266+3.2%
—
Total liabilities
50,108
54,341+8.4%
53,982
Accounts payable
511
797+56.0%
—
Total debt
24,990
28,997+16.0%
26,679
Other liabilities
24,607
24,547−0.2%
—
Shareholders’ equity
27,068
25,792−4.7%
26,904
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
6,631
6,062−8.6%
5,831
Net income
3,180
3,490+9.7%
—
Depreciation & amortization
589
669+13.6%
—
Stock-based compensation
367
357−2.7%
—
Working capital & other
2,495
1,546−38.0%
—
Cash from investing
(2,404)
(2,520)n/m
—
Capex
(1,569)
(1,763)n/m
—
Acquisitions
0
(820)n/m
—
Investments bought
(155)
(81)n/m
—
Other investing
(680)
144n/m
—
Cash from financing
(4,165)
(3,832)n/m
—
Debt raised
6,783
6,504−4.1%
—
Debt repaid
(5,396)
(3,955)n/m
—
Shares issued
56
23−58.9%
—
Other financing
(5,608)
(6,404)n/m
—
Net change in cash
30
(191)−736.7%
—
Free cash flow (OCF − capex)
5,062
4,299−15.1%
3,926
Where the cash went
Operating cash flow
6,631
6,062−8.6%
5,831
Reinvested in the business
1,569
2,583+64.6%
—
% of operating cash flow
23.7%
42.6%
Capex
1,569
1,763+12.4%
1,905
Acquisitions
0
820n/m
—
Free cash flow
5,062
4,299−15.1%
3,926
YoY
−15.1%
Change in total debt
—
4,007
—
Cash left over
—
7,486
—
FCF conversion (FCF ÷ net income)
161.7%
123.5%−38.1 pp
—
Owner earnings
—
2,416
—
Owner earnings margin
—
11.4%
—
Returns & ratios
ROIC (all capital)
10.3%
9.3%−1.0 pp
—
ROIC (operating)
90.2%
79.5%−10.8 pp
—
Net debt / EBITDA
3.40x
4.04x+0.64x
—
Debt / equity
0.92x
1.12x+0.20x
—
ROE
11.6%
13.5%+1.9 pp
—
ROA
4.1%
4.3%+0.3 pp
—
ROCE
10.7%
10.3%−0.3 pp
—
NOPAT
5,043
4,711−6.6%
—
Invested capital (operating)
5,588
6,268+12.2%
—
Invested capital (all)
49,065
51,987+6.0%
—
Reinvestment rate
—
14.4%
—
Net debt is 4.0x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
5,263
5,284
5,027
5,292
vs year-ago quarter
Operating income
1,436
1,291
918
1,015
Net income
792
811
571
627
vs year-ago quarter
Net margin
15.0%
15.3%
11.4%
11.8%
EPS (diluted, $)
1.46
1.48
1.07
1.17
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
79,370
80,133
80,548
80,886
Cash & equivalents
2,765
2,802
2,250
2,003
Total debt
28,876
28,997
27,859
26,679
Shareholders’ equity
25,121
25,792
26,201
26,904
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,805
1,944
599
1,483
Capex
507
442
458
498
Free cash flow
1,298
1,502
141
985
vs year-ago quarter