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Fiserv's organic revenue was flat in the third quarter of 2026 and adjusted earnings per share fell to $1.75 from $2.04, the payments and banking technology company said on Tuesday 3 November. It kept its full year 2026 outlook: organic revenue between a 1% decline and flat, and adjusted EPS of $7.20 to $7.40.
Figures from Fiserv's third quarter 2026 earnings release of 3 November 2026. All figures are for the quarter ended 30 September 2026, unaudited and company reported.
Key figures
| Metric | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| GAAP revenue | $5.20 billion | $5.26 billion | down 1% |
| Adjusted revenue | $4.85 billion | $4.92 billion | down 1% |
| Organic revenue growth | flat | ||
| Merchant Solutions revenue | $2.52 billion | $2.59 billion | down 3% (organic down 2%) |
| Financial Solutions revenue | $2.33 billion | $2.33 billion | flat (organic up 2%) |
| Adjusted operating margin | 31.2% | 37.0% | down 5.8 points |
| GAAP diluted EPS | ($11.17) | $1.46 | n/m |
| Adjusted EPS | $1.75 | $2.04 | down 14% |
Source: Fiserv Q3 2026 earnings release, 3 November 2026. The adjusted EPS change is a Payments30 calculation from the reported figures.
The GAAP loss includes a noncash goodwill impairment charge of $6.45 billion, so adjusted figures give the clearer view of trading.
What the company said
Chief executive Takis Georgakopoulos said: "Our team is executing with urgency, and we are seeing meaningful progress." He added that the Clover point of sale business keeps growing underneath, though the release gives no Clover revenue figure.
Fiserv also listed several moves in the quarter:
- It completed the sale of its student loan servicing business.
- It formed the MoneyPass Group joint venture, covering the MoneyPass Network, ATM Managed Services and Cash Intelligence, and keeps a minority stake.
- It raised the savings target of its Project Elevate programme to $1 billion, from $500 million.
- It expects to buy back $500 million of its shares in the fourth quarter.
Outlook
| Measure | Full year 2026 | Status |
|---|---|---|
| Organic revenue growth | (1%) to 0% | affirmed |
| GAAP and adjusted revenue growth | (1.5%) to (0.5%) | as published |
| Adjusted EPS | $7.20 to $7.40 | affirmed |
Source: Fiserv Q3 2026 earnings release, 3 November 2026.
Why it matters
Fiserv runs two large businesses: merchant acquiring, which includes Clover, and core processing for banks and credit unions. This quarter the bank side grew 2% on an organic basis while the merchant side shrank 2%, which puts the spotlight on competition with rivals such as Global Payments and Square. For background on who does what in a card payment, see how card payments work.
Information only, not financial or investment advice.
Sources
Primary sources we checked for this page. Trademarks belong to their owners. Links open the original.
- Fiserv, Inc.: Fiserv Reports Third Quarter 2026 Results (accessed 4 November 2026)
- Fiserv, Inc.: Fiserv third quarter 2026 earnings release (PDF) (accessed 4 November 2026)
- Fiserv, Inc. via SEC EDGAR: Fiserv Form 8-K, third quarter 2026 earnings release (accessed 4 November 2026)
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