Fiserv, Inc. earnings overview

Fiserv, Inc.

Fiserv delivered a mixed Q1 2026: adjusted EPS of $1.79 topped estimates by 14%, aided by cost discipline and a lower 11% effective tax rate from a valuation allowance, while revenue of $4.68B fell 2.4% year-over-year and missed consensus by 1.1%. The market punished the revenue miss with a 9.6% abnormal decline and 2.9x normal volume, followed by an additional 3.8% drift lower. Management maintained full-year guidance for 1-3% organic revenue growth and mid-single-digit EPS expansion, citing second-half visibility and momentum in Clover VAS (up 18%), Finxact (70%+ account growth), and the AI-driven Project Elevate program. With the stock at $53.18 versus a $65.29 consensus target, investors are pricing in skepticism about near-term organic growth despite the EPS strength.