Fiserv Q2 2026: revenue down 4.0%, adjusted EPS misses consensus
Fiserv's second quarter was weak across the board: revenue fell 4.0% to $5.29 billion, GAAP EPS dropped 37.0% to $1.17 and adjusted EPS of $1.84 came in below the $1.9472 consensus estimate. Margins compressed sharply in both segments, and the company reset its 2026 outlook to organic revenue of (1%) to 0%. Read the quarter as a demand and execution problem, not an accounting one.
1 · Expected vs. Actual
Free preview belowGAAP EPS fell 37.0% to $1.17 and adjusted EPS fell 26.0% to $1.84. That adjusted number sits about $0.11 below the $1.9472 consensus estimate, a shortfall of roughly 5.5%. Adjusted net income was $982 million, and the gap to GAAP is mostly $315 million of acquisition-related intangible amortization plus $187 million of One Fiserv transformation expenses.
Revenue was $5.29 billion, down 4.0% from $5.52 billion a year earlier, and organic revenue fell 5.0%. The mix matters: processing and services held roughly flat at $4.29 billion against $4.30 billion, while product revenue dropped to $1.00 billion from $1.21 billion. Financial Solutions did the damage, with organic revenue down 8.0% against a 1.0% decline in Merchant Solutions.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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