Fiserv's second quarter revenue of $5.29B and adjusted EPS of $1.84 both missed estimates, prompting a cut to its full-year 2026 guidance.

Fiserv reported a year-over-year decline in its second quarter results, with GAAP revenue falling 4% to $5.29 billion and adjusted revenue also decreasing 4% to $4.96 billion. The company's profitability was significantly impacted, with GAAP EPS down 37% to $1.17 and adjusted EPS falling 26% to $1.84, missing analyst expectations. Both of the company's main segments experienced organic revenue declines.

Key Highlights

• Organic revenue decreased 5% in the quarter, driven by an 8% decline in the Financial Solutions segment and a 1% decline in the Merchant Solutions segment.
• Fiserv lowered its full-year 2026 guidance, now expecting organic revenue between -1% and 0% (down from previous guidance) and adjusted EPS in the range of $7.20 to $7.40.
• GAAP operating margin contracted sharply to 19.2% from 30.7% in the prior-year period, with the company citing transformation expenses related to its "One Fiserv" action plan.