Analyst Consensus ?
ConsensusBuy59 ratings
Bullish3355.9%
Neutral2644.1%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Fiserv, Inc. · FISV · FY2025 Q4 · Calendar Q1 2026
Fiserv: Clover Growth Holds Despite Fee Headwinds
The quarter supports a cautiously constructive operating thesis: Clover growth and digital-payments volume were resilient, while management maintained its guidance framework and emphasized disciplined capital allocation. The counterweight is that fee changes, macro exposure, FX, and execution risks remain material.
Reported Before market openNASDAQTechnology
$24.79B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.99
Consensus $1.90
EPS surprise
+4.7%
Reported versus consensus
Reported revenue
$4.90B
Consensus $4.90B
Revenue surprise
-0.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.1%
Event window
SPY move
-0.3%
Same window
Abnormal move
+4.3%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-6.5%
Up to 20 sessions
FISVSPY benchmark
Ask FN2 about FISV FY2025 Q4
Transcript, numbers and history already loaded
Why did FISV rise 4.1% after beating EPS estimates in FY2025 Q4?What changed in FISV's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FISV after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, guidance sentiment moved from lowered to maintained, capex outlook shifted from increasing to stable, and the narrative centered more clearly on Clover's 12% growth, digital-payments volume, AI deployment, and capital discipline.
Guidance delta
Management maintained its 2026 guidance framework; Clover is targeting low-double-digit growth despite a two-point fee-elimination headwind.
Key takeaways
- Q4 adjusted revenue was flat at $4.9 billion, while adjusted EPS of $1.99 exceeded guidance.
- Clover revenue grew 12% year over year despite fee-elimination pressure; management is targeting low-double-digit growth for 2026.
- Digital-payments volume, AI deployment, core modernization, and stablecoin services remain central strategic themes.
- Capital allocation was described as disciplined, with flat capex, $200 million of repurchases, and $1 billion of debt paydown.
Management priorities
- Expand Clover distribution and vertical offerings, including healthcare and professional services.
- Continue enterprise AI deployment and core modernization across Finxact and DNA.
- Develop stablecoin custody and cash-management capabilities while expanding international distribution.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$46.02Current
$46Low
$126.35Average
$244High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Hold | Hold | Maintain | Sep 3, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 31, 2026 |
| Truist Securities | Hold | Hold | Maintain | Aug 20, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 7, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 7, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Aug 7, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 10, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 9, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 9, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 29, 2026 |
| Mizuho | Outperform | Outperform | Maintain | May 6, 2026 |
| Raymond James | Market Perform | Outperform | Downgrade | Mar 26, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Mar 11, 2026 |
| B. Riley Securities | Neutral | Neutral | Maintain | Feb 23, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Feb 11, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Oct 30, 2025 |
| Keybanc | Overweight | Downgrade | Oct 30, 2025 | |
| Bernstein | Market Perform | Outperform | Downgrade | Oct 30, 2025 |
| Argus Research | Hold | Buy | Downgrade | Oct 30, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Oct 29, 2025 |
| BTIG | Buy | Buy | Maintain | Oct 29, 2025 |
| Baird | Outperform | Outperform | Maintain | Jul 24, 2025 |
| Jefferies | Hold | Hold | Maintain | May 27, 2025 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 26, 2023 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Oct 11, 2022 |
| Evercore ISI Group | Outperform | In Line | Upgrade | Aug 10, 2022 |
| Loop Capital | Buy | Buy | Maintain | May 3, 2022 |
| Rosenblatt | Buy | Buy | Maintain | Apr 27, 2022 |
| Cowen & Co. | Perform | Outperform | Downgrade | Apr 12, 2022 |
| Wedbush | Outperform | Outperform | Maintain | Dec 19, 2021 |
| B of A Securities | Buy | Buy | Maintain | Dec 16, 2021 |
| Edward Jones | Buy | Hold | Upgrade | Dec 15, 2021 |
| Exane BNP Paribas | Neutral | Underperform | Upgrade | Aug 9, 2021 |
| Compass Point | Buy | Buy | Maintain | Sep 17, 2020 |
| Oppenheimer | Perform | Outperform | Downgrade | Jun 28, 2020 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | May 8, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 7, 2020 |
| Deutsche Bank | Buy | Buy | Maintain | May 7, 2020 |
| CFRA | Buy | Buy | Maintain | May 7, 2020 |
| Canaccord Genuity | Buy | Buy | Maintain | Sep 12, 2019 |
| Berenberg | Buy | Buy | Maintain | Jul 31, 2019 |
| Tudor Pickering | Buy | Hold | Upgrade | Jul 2, 2019 |
| Northcoast Research | Buy | Neutral | Upgrade | Jun 25, 2019 |
| Northcoast | Buy | Neutral | Upgrade | Jun 25, 2019 |
| Buckingham | Buy | Buy | Maintain | Feb 7, 2019 |
| William Blair | Outperform | Market Perform | Upgrade | Jan 21, 2019 |
| Argus | Buy | Buy | Maintain | Sep 19, 2018 |
| Guggenheim | Buy | Neutral | Upgrade | Jul 16, 2017 |
| Pacific Crest | Equal Weight | Sector Weight | Maintain | Nov 18, 2016 |
| Monness Crespi Hardt | Buy | Neutral | Upgrade | Oct 4, 2016 |
| Monness, Crespi, Hardt | Buy | Neutral | Upgrade | Oct 3, 2016 |
| Sterne Agee CRT | Buy | Buy | Maintain | Dec 17, 2015 |
| FBR Capital | Market Perform | Outperform | Downgrade | Dec 5, 2014 |
| Sterne Agee | Buy | Neutral | Upgrade | Aug 6, 2013 |
| First Analysis | Overweight | Equal Weight | Upgrade | Aug 5, 2013 |
| DA Davidson | Neutral | Buy | Downgrade | May 1, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $46.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Matthew Coad | $53 | $51.5 | +15.2% | Aug 20, 2026 |
| Goldman Sachs | Will Nance | $54 | $52.01 | +17.3% | Aug 7, 2026 |
| Morgan Stanley | James Faucette | $59 | $51.94 | +28.2% | Aug 7, 2026 |
| UBS | Analyst unavailable | $60 | $51.96 | +30.4% | Aug 7, 2026 |
| RBC Capital | Daniel Perlin | $65 | $52.14 | +41.2% | Aug 7, 2026 |
| Barclays | Analyst unavailable | $52 | $54.11 | +13.0% | Aug 7, 2026 |
| Truist Financial | Analyst unavailable | $52 | $49.97 | +13.0% | Jul 24, 2026 |
| BMO Capital | Andrew Bauch | $55 | $50.92 | +19.5% | Jul 22, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $53 | $50.61 | +15.2% | Jul 22, 2026 |
| Goldman Sachs | Will Nance | $60 | $50.6 | +30.4% | Jul 9, 2026 |
| Wells Fargo | Analyst unavailable | $56 | $50.6 | +21.7% | Jul 9, 2026 |
| Barclays | Nik Cremo | $58 | $52.71 | +26.0% | Jul 8, 2026 |
| BNP Paribas | Thomas Poutrieux | $46 | $56.23 | -0.0% | Jun 5, 2026 |
| Truist Financial | Matthew Coad | $58 | $57.02 | +26.0% | May 29, 2026 |
| Morgan Stanley | Analyst unavailable | $65 | $56.05 | +41.2% | May 29, 2026 |
| BMO Capital | Analyst unavailable | $60 | $53.46 | +30.4% | May 15, 2026 |
| UBS | Analyst unavailable | $65 | $55.79 | +41.2% | May 6, 2026 |
| RBC Capital | Analyst unavailable | $75 | $56.68 | +63.0% | May 6, 2026 |
| Mizuho Securities | Analyst unavailable | $90 | $57.28 | +95.6% | May 6, 2026 |
| Robert W. Baird | Analyst unavailable | $78 | $57.28 | +69.5% | May 6, 2026 |
| Susquehanna | James Friedman | $91 | $62.14 | +97.7% | May 4, 2026 |
| Truist Financial | Analyst unavailable | $64 | $60.8 | +39.1% | Apr 24, 2026 |
| BMO Capital | Analyst unavailable | $65 | $63.26 | +41.2% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $62 | $53.9 | +34.7% | Mar 27, 2026 |
| Morgan Stanley | James Faucette | $64 | $62.85 | +39.1% | Feb 11, 2026 |
| UBS | Analyst unavailable | $70 | $62.92 | +52.1% | Feb 11, 2026 |
| Stephens | Charles Nabhan | $70 | $62.59 | +52.1% | Feb 11, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $70 | $67.15 | +52.1% | Jan 26, 2026 |
| Stephens | Analyst unavailable | $75 | $66.46 | +63.0% | Jan 16, 2026 |
| Tigress Financial | Ivan Feinseth | $95 | $67.38 | +106.4% | Dec 31, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $67.94 | +117.3% | Dec 22, 2025 |
| Susquehanna | James Friedman | $99 | $64.26 | +115.1% | Nov 12, 2025 |
| Susquehanna | James Friedman | $99 | $63.8 | +115.1% | Nov 12, 2025 |
| BNP Paribas | Tom Poutrieux | $62 | $64.45 | +34.7% | Nov 5, 2025 |
| RBC Capital | Analyst unavailable | $85 | $68.29 | +84.7% | Oct 30, 2025 |
| UBS | Timothy Chiodo | $75 | $68.29 | +63.0% | Oct 30, 2025 |
| Oppenheimer | Rayna Kumar | $91 | $67.31 | +97.7% | Oct 30, 2025 |
| Stephens | Analyst unavailable | $80 | $70.6 | +73.8% | Oct 30, 2025 |
| Bernstein | Analyst unavailable | $80 | $70.6 | +73.8% | Oct 30, 2025 |
| Mizuho Securities | Analyst unavailable | $110 | $70.6 | +139.0% | Oct 30, 2025 |
| Morgan Stanley | James Faucette | $81 | $70.6 | +76.0% | Oct 30, 2025 |
| Goldman Sachs | Analyst unavailable | $79 | $70.6 | +71.7% | Oct 30, 2025 |
| Compass Point | Dominick Gabriele | $127.5 | $74.3 | +177.1% | Oct 29, 2025 |
| Mizuho Securities | Analyst unavailable | $145 | $127.83 | +215.1% | Oct 28, 2025 |
| Truist Financial | Analyst unavailable | $143 | $123.96 | +210.7% | Oct 24, 2025 |
| KeyBanc | Analyst unavailable | $145 | $126.07 | +215.1% | Oct 22, 2025 |
| Wells Fargo | Analyst unavailable | $130 | $126.07 | +182.5% | Oct 21, 2025 |
| BTIG | Analyst unavailable | $180 | $118 | +291.1% | Oct 17, 2025 |
| Deutsche Bank | Analyst unavailable | $122 | $121 | +165.1% | Oct 16, 2025 |
| Raymond James | Analyst unavailable | $167 | $125.96 | +262.9% | Oct 10, 2025 |
| Barclays | Ramsey El-Assal | $175 | $142.03 | +280.3% | Jul 28, 2025 |
| Morgan Stanley | Analyst unavailable | $500 | $172.33 | +986.5% | Jun 29, 2025 |
| Mizuho Securities | Dan Dolev | $200 | $159.13 | +334.6% | May 15, 2025 |
| RBC Capital | Analyst unavailable | $237 | $177.53 | +415.0% | Apr 25, 2025 |
| Morgan Stanley | Analyst unavailable | $268 | $177.53 | +482.4% | Apr 25, 2025 |
| UBS | Timothy Chiodo | $255 | $179.42 | +454.1% | Apr 25, 2025 |
| Piper Sandler | Analyst unavailable | $218 | $177.53 | +373.7% | Apr 25, 2025 |
| Seaport Global | Jeff Cantwell | $240 | $203.82 | +421.5% | Jan 14, 2025 |
| Stephens | Charles Nabhan | $255 | $201.76 | +454.1% | Dec 18, 2024 |
| Tigress Financial | Ivan Feinseth | $244 | $201.98 | +430.2% | Oct 29, 2024 |
| Mizuho Securities | Dan Dolev | $222 | $202.36 | +382.4% | Oct 24, 2024 |
| Argus Research | Stephen Biggar | $223 | $202.18 | +384.6% | Oct 23, 2024 |
| KeyBanc | Alex Markgraff | $225 | $199.67 | +388.9% | Oct 23, 2024 |
| RBC Capital | Kurt Hallead | $224 | $199.67 | +386.7% | Oct 23, 2024 |
| Wells Fargo | Andrew Bauch | $220 | $199.67 | +378.1% | Oct 23, 2024 |
| Williams Trading | Trevor Williams | $200 | $199.67 | +334.6% | Oct 22, 2024 |
| CFRA | Caydee Blankenship | $235 | $199.67 | +410.6% | Oct 22, 2024 |
| BTIG | Andrew Harte | $215 | $198.28 | +367.2% | Oct 22, 2024 |
| Williams Trading | Trevor Williams | $195 | $194.02 | +323.7% | Oct 16, 2024 |
| Morgan Stanley | James Faucette | $220 | $193.23 | +378.1% | Oct 15, 2024 |
| Bernstein | Harshita Rawat | $244 | $190.35 | +430.2% | Oct 14, 2024 |
| BMO Capital | Rufus Hone | $191 | $181.31 | +315.0% | Oct 1, 2024 |
| Citigroup | Ashwin Shirvaikar | $187 | $181.58 | +306.3% | Oct 1, 2024 |
| Oppenheimer | Rayna Kumar | $203 | $179.65 | +341.1% | Sep 30, 2024 |
| Robert W. Baird | David Koning | $200 | $177.61 | +334.6% | Sep 23, 2024 |
| BTIG | Andrew Harte | $200 | $170.17 | +334.6% | Aug 28, 2024 |
| Tigress Financial | Ivan Feinseth | $190 | $157.34 | +312.9% | Aug 6, 2024 |
| Mizuho Securities | Dan Dolev | $183 | $162.71 | +297.7% | Jul 30, 2024 |
| Deutsche Bank | Bryan Keane | $200 | $162.03 | +334.6% | Jul 25, 2024 |
| RBC Capital | Daniel Perlin | $183 | $161.16 | +297.7% | Jul 25, 2024 |
| B.Riley Financial | Hal Goetsch | $185 | $156.15 | +302.0% | Jul 25, 2024 |
| Argus Research | Stephen Biggar | $187 | $156.15 | +306.3% | Jul 25, 2024 |
| KeyBanc | Alex Markgraff | $180 | $161.16 | +291.1% | Jul 25, 2024 |
| Wells Fargo | Andrew Bauch | $190 | $161.16 | +312.9% | Jul 25, 2024 |
| Morgan Stanley | James Faucette | $175 | $114.23 | +280.3% | Jul 22, 2024 |
| Wells Fargo | Andrew Bauch | $180 | $148 | +291.1% | Jun 12, 2024 |
| Williams Trading | Trevor Williams | $160 | $156.78 | +247.7% | Mar 25, 2024 |
| Oppenheimer | Dominick Gabriele | $168 | $154.31 | +265.1% | Mar 19, 2024 |
| BNP Paribas | Tom Poutrieux | $156 | $135.4 | +239.0% | Jan 10, 2024 |
| KeyBanc | Alex Markgraff | $160 | $135.02 | +247.7% | Jan 8, 2024 |
| Wells Fargo | Analyst unavailable | $104 | $115.31 | +126.0% | Feb 8, 2023 |
| Credit Suisse | Analyst unavailable | $130 | $115.59 | +182.5% | Feb 8, 2023 |
| Susquehanna | Analyst unavailable | $140 | $115.48 | +204.2% | Feb 8, 2023 |
| Barclays | Analyst unavailable | $140 | $115.28 | +204.2% | Feb 8, 2023 |
| Raymond James | Analyst unavailable | $135 | $115.28 | +193.4% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $101 | $101.51 | +119.5% | Jan 9, 2023 |
| Goldman Sachs | Analyst unavailable | $105 | $100.73 | +128.2% | Jan 9, 2023 |
| Wells Fargo | Analyst unavailable | $107 | $105.75 | +132.5% | Sep 8, 2022 |
| Evercore ISI | David Togut | $149 | $108.11 | +223.8% | Aug 11, 2022 |
| Mizuho Securities | Dan Dolev | $145 | $106.08 | +215.1% | Aug 8, 2022 |
| Morgan Stanley | Analyst unavailable | $106 | $103.44 | +130.3% | Jul 27, 2022 |
| Wells Fargo | Jeff Cantwell | $97 | $91.72 | +110.8% | Jul 14, 2022 |
| Loop Capital Markets | Analyst unavailable | $125 | $99.5 | +171.6% | May 3, 2022 |
| Citigroup | Analyst unavailable | $122 | $102.18 | +165.1% | Apr 28, 2022 |
| Robert W. Baird | David Koning | $144 | $103.02 | +212.9% | Apr 20, 2022 |
| Citigroup | Ashwin Shirvaikar | $126 | $99.97 | +173.8% | Jan 26, 2022 |
| Mizuho Securities | Dan Dolev | $155 | $101.04 | +236.8% | Jan 25, 2022 |
| Tigress Financial | Ivan Feinseth | $150 | $109.11 | +225.9% | Jan 14, 2022 |
| Jefferies | Trevor Williams | $115 | $108.5 | +149.9% | Jan 12, 2022 |
| Wedbush | Moshe Katri | $130 | $100.52 | +182.5% | Dec 20, 2021 |
| Bank of America Securities | Jason Kupferberg | $139 | $103.65 | +202.0% | Dec 17, 2021 |
| Susquehanna | James Friedman | $135 | $104.23 | +193.4% | Dec 14, 2021 |
| UBS | Rayna Kumar | $108 | $100.88 | +134.7% | Nov 17, 2021 |
| Barclays | Ramsey El Assal | $128 | $98.49 | +178.1% | Oct 29, 2021 |
| Wolfe Research | Darrin Peller | $140 | $98.53 | +204.2% | Oct 28, 2021 |
Track every rating change on FISV the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFiserv, Inc. is a global provider of technology solutions for payments and financial services. Its operations are structured into three primary segments: Acceptance, Fintech, and Payments. The Acceptance segment enables businesses to process transactions at the point of sale and through digital channels, offering mobile payment capabilities and robust security and fraud prevention tools. Key offerings include Carat, its omnichannel commerce platform; Clover, a cloud-native platform for point-of-sale and business management; and Clover Connect, designed for independent software vendors. This segment reaches clients via diverse distribution channels, including direct sales, agent networks, ISVs, and financial institution partnerships.…
Historical context
All FISV earningsTechnology peers this season
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| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
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- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
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- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
Get the FISV recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-28T22:20:58.897238+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T22:20:58.894437+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-28. For educational purposes only; not investment advice.