Fiserv Q3 2026: $6.45 billion goodwill charge wipes out GAAP profit
Fiserv's third quarter looks ugly at the bottom line and merely soft at the top: a $6.45 billion non-cash goodwill charge produced an $11.17 GAAP loss per share while adjusted EPS of $1.75 matched the $1.7523 consensus. Organic revenue was flat and adjusted operating margin fell to 31.2%. Read the charge as a valuation reset, not a cash event, and focus on margin and guidance.
1 · Expected vs. Actual
Free preview belowGAAP EPS of -$11.17 reflects a $6.45 billion non-cash goodwill impairment triggered by sustained declines in share price and market capitalization, not an operating collapse. Adjusted EPS of $1.75 landed effectively on the $1.7523 consensus and compared with $2.04 a year ago. Adjusted net income of $936 million was down from $1,105 million.
GAAP revenue was $5.20 billion, down 1% from $5.26 billion a year ago, and organic revenue was flat. The mix matters: organic revenue fell 2% in Merchant Solutions but grew 2% in Financial Solutions, which management called a return to organic growth. Adjusted revenue, after stripping out $344 million of postage reimbursements, was $4.85 billion, down 1%.
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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 2026-11-04
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