WS Investor
10 Feb 2026, 20:25
Fiserv reported fourth-quarter and full-year 2025 results, reiterating that 4Q was the first full quarter executing its “One Fiserv” plan and keeping its 2026 outlook unchanged from what it shared in October.
In 4Q 2025, GAAP revenue rose 1% to $5.28 billion, while GAAP EPS fell 8% to $1.51. Segment-wise, Merchant Solutions revenue grew 2% and Financial Solutions revenue declined 2%. GAAP operating margin dropped to 24.4% from 31.8% a year earlier.
On a non-GAAP basis, adjusted revenue was flat at $4.90 billion and organic revenue was also flat in the quarter. Adjusted EPS fell 21% to $1.99.
For full-year 2025, GAAP revenue increased 4% to $21.19 billion and GAAP EPS rose 18% to $6.34 (the prior year included a $595 million non-cash impairment charge). Full-year organic revenue growth was 4% (Merchant +6%, Financial +2%). Adjusted EPS decreased 2% to $8.64. Operating cash flow was $6.06 billion and free cash flow was $4.44 billion, down from $5.23 billion in 2024. The company repurchased $5.6 billion of shares during 2025.
Fiserv also noted it completed the acquisition of StoneCastle Cash Management in December 2025 and scheduled an Investor Day for May 14, 2026 in New York City.
For 2026, Fiserv expects organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30.
Source: GlobeNewswire
In 4Q 2025, GAAP revenue rose 1% to $5.28 billion, while GAAP EPS fell 8% to $1.51. Segment-wise, Merchant Solutions revenue grew 2% and Financial Solutions revenue declined 2%. GAAP operating margin dropped to 24.4% from 31.8% a year earlier.
On a non-GAAP basis, adjusted revenue was flat at $4.90 billion and organic revenue was also flat in the quarter. Adjusted EPS fell 21% to $1.99.
For full-year 2025, GAAP revenue increased 4% to $21.19 billion and GAAP EPS rose 18% to $6.34 (the prior year included a $595 million non-cash impairment charge). Full-year organic revenue growth was 4% (Merchant +6%, Financial +2%). Adjusted EPS decreased 2% to $8.64. Operating cash flow was $6.06 billion and free cash flow was $4.44 billion, down from $5.23 billion in 2024. The company repurchased $5.6 billion of shares during 2025.
Fiserv also noted it completed the acquisition of StoneCastle Cash Management in December 2025 and scheduled an Investor Day for May 14, 2026 in New York City.
For 2026, Fiserv expects organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30.
Source: GlobeNewswire
