Free Trial
→ Before you buy SpaceX shares, consider this alternative approach (From Weiss Ratings) (Ad)tc pixel Free FISV Stock Alerts

Fiserv (FISV) Financials

Fiserv logo
$55.70 +2.24 (+4.19%)
As of 01:52 PM Eastern
Compare
Annual Income Statements for Fiserv

Annual Income Statements for Fiserv

This table shows Fiserv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 712 930 1,246 1,187 893 958 1,334 2,530 3,068 3,131 3,480
Consolidated Net Income / (Loss)		 712 930 1,246 1,187 914 975 1,403 2,582 3,129 3,180 3,490
Net Income / (Loss) Continuing Operations		 712 930 1,232 1,187 914 975 1,403 2,582 3,129 3,180 3,490
Total Pre-Tax Income 		1,057 1,275 1,358 1,555 1,083 1,171 1,666 2,913 3,898 4,506 4,264
Total Operating Income		 1,311 1,445 1,532 1,753 1,609 1,852 2,288 3,740 5,014 5,879 5,818
Total Gross Profit		 2,345 2,546 2,672 2,754 4,878 7,040 8,098 9,745 11,423 12,443 12,581
Total Revenue		 5,254 5,505 5,696 5,823 10,187 14,852 16,226 17,737 19,093 20,456 21,193
Operating Revenue		 5,254 5,505 5,696 5,823 10,187 14,852 16,226 17,737 19,093 20,456 21,193
Total Cost of Revenue		 2,909 2,959 3,024 3,069 5,309 7,812 8,128 7,992 7,670 8,013 8,612
Operating Cost of Revenue		 2,909 2,959 3,024 3,069 5,309 7,812 8,128 7,992 7,670 8,013 8,612
Total Operating Expenses		 1,034 1,101 1,140 1,001 3,269 5,188 5,810 6,005 6,409 6,564 6,763
Selling, General & Admin Expense		 1,034 1,101 1,150 1,228 3,284 5,652 5,810 6,059 6,576 6,564 6,883
Other Special Charges / (Income)		 - - - - - -464 0.00 -54 -167 0.00 -120
Total Other Income / (Expense), net		 -254 -170 -174 -198 -526 -681 -622 -827 -1,116 -1,373 -1,554
Interest & Investment Income		 1.00 -7.00 - - - - - -733 -976 -1,195 -1,493
Other Income / (Expense), net		 - - 1.00 5.00 -6.00 28 71 -94 -140 -178 -61
Income Tax Expense		 377 492 158 378 198 196 363 551 754 641 811
Other Gains / (Losses), net		 32 147 32 10 29 0.00 100 220 -15 -685 37
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.00 21 17 69 52 61 49 10
Basic Earnings per Share		 $3.04 $2.11 $2.95 $2.93 $1.74 $1.42 $2.01 $3.94 $5.02 $5.41 $6.36
Weighted Average Basic Shares Outstanding		 233.90M 440.60M 422.30M 405.50M 512.30M 672.10M 662.60M 642.30M 611.70M 578.70M 547.10M
Diluted Earnings per Share		 $2.99 $2.08 $2.89 $2.87 $1.71 $1.40 $1.99 $3.91 $4.98 $5.38 $6.34
Weighted Average Diluted Shares Outstanding		 238M 447.80M 431.30M 413.70M 522.60M 683.40M 671.60M 647.90M 615.90M 582.10M 549M
Weighted Average Basic & Diluted Shares Outstanding		 234.20M 214.56M 422.40M 423.90M 679.10M 669.46M 652.20M 628.13M 590.40M 561.29M 534.78M

Quarterly Income Statements for Fiserv

This table shows Fiserv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 952 870 735 894 564 938 851 1,026 792 811 571
Consolidated Net Income / (Loss)		 969 889 752 909 571 948 848 1,030 799 813 573
Net Income / (Loss) Continuing Operations		 969 889 752 909 571 948 848 1,030 799 813 573
Total Pre-Tax Income 		1,210 1,103 913 1,138 1,271 1,184 1,046 1,292 964 962 593
Total Operating Income		 1,503 1,446 1,181 1,428 1,602 1,668 1,395 1,696 1,436 1,291 918
Total Gross Profit		 2,979 3,075 2,878 3,125 3,208 3,232 3,057 3,410 3,098 3,016 2,720
Total Revenue		 4,873 4,917 4,883 5,107 5,215 5,251 5,130 5,516 5,263 5,284 5,027
Operating Revenue		 4,873 4,917 4,883 5,107 5,215 5,251 5,130 5,516 5,263 5,284 5,027
Total Cost of Revenue		 1,894 1,842 2,005 1,982 2,007 2,019 2,073 2,106 2,165 2,268 2,307
Operating Cost of Revenue		 1,894 1,842 2,005 1,982 2,007 2,019 2,073 2,106 2,165 2,268 2,307
Total Operating Expenses		 1,476 1,629 1,697 1,697 1,606 1,564 1,662 1,714 1,662 1,725 1,802
Selling, General & Admin Expense		 1,652 1,624 1,697 1,697 1,606 1,564 1,682 1,711 1,762 1,728 1,885
Other Special Charges / (Income)		 -176 5.00 0.00 0.00 0.00 - -20 3.00 -100 -3.00 -83
Total Other Income / (Expense), net		 -293 -343 -268 -290 -331 -484 -349 -404 -472 -329 -325
Interest Expense		 258 - 261 285 326 - 331 365 422 - 347
Other Income / (Expense), net		 -35 -59 -7.00 -5.00 -5.00 -161 -18 -39 -50 46 22
Income Tax Expense		 239 210 153 221 74 193 190 246 173 202 24
Other Gains / (Losses), net		 -2.00 -4.00 -8.00 -8.00 -626 -43 -8.00 -16 8.00 53 4.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 17 19 17 15 7.00 10 -3.00 4.00 7.00 2.00 2.00
Basic Earnings per Share		 $1.57 $1.44 $1.24 $1.53 $0.98 $1.66 $1.52 $1.86 $1.46 $1.52 $1.07
Weighted Average Basic Shares Outstanding		 606.20M 611.70M 590.90M 582.70M 573.70M 578.70M 561.30M 550.80M 540.20M 547.10M 534.30M
Diluted Earnings per Share		 $1.56 $1.43 $1.24 $1.53 $0.98 $1.63 $1.51 $1.86 $1.46 $1.51 $1.07
Weighted Average Diluted Shares Outstanding		 610.30M 615.90M 594.80M 585.40M 576.90M 582.10M 564.70M 552.70M 541.80M 549M 535.40M
Weighted Average Basic & Diluted Shares Outstanding		 600.19M 590.40M 585.10M 575.73M 568.92M 561.29M 554.43M 543.59M 537.85M 534.78M 533.25M

Annual Cash Flow Statements for Fiserv

This table details how cash moves in and out of Fiserv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -19 25 25 90 1,489 391 636 -13 -229 30 -191
Net Cash From Operating Activities		 1,346 1,431 1,483 1,552 2,795 4,147 4,034 4,618 5,162 6,631 6,062
Net Cash From Continuing Operating Activities		 1,346 1,431 1,483 1,552 2,795 4,147 4,034 4,618 5,162 6,631 6,062
Net Income / (Loss) Continuing Operations		 712 930 1,232 1,187 914 975 1,403 2,582 3,129 3,180 3,490
Consolidated Net Income / (Loss)		 712 930 1,246 1,187 914 975 1,403 2,582 3,129 3,180 3,490
Depreciation Expense		 223 263 270 382 615 1,077 1,158 1,320 1,479 1,672 1,857
Amortization Expense		 194 158 174 174 1,163 2,180 2,090 1,892 1,683 1,466 1,350
Non-Cash Adjustments To Reconcile Net Income		 122 24 55 -296 -6.00 -218 -81 -168 75 1,063 77
Changes in Operating Assets and Liabilities, net		 95 56 -248 105 109 133 -536 -1,008 -1,204 -750 -712
Net Cash From Investing Activities		 -360 -554 -657 -663 -15,680 -341 -1,630 -2,112 -1,068 -2,404 -2,520
Net Cash From Continuing Investing Activities		 -360 -554 -657 -663 -15,680 -341 -1,630 -2,112 -1,068 -2,404 -2,520
Purchase of Property, Plant & Equipment		 -359 -290 -287 -360 -721 -900 -1,160 -1,479 -1,388 -1,569 -1,763
Acquisitions		 0.00 -265 -384 -712 -15,083 -139 -848 -988 -13 0.00 -820
Purchase of Investments		 -4.00 - -10 -3.00 -45 -1.00 -256 -52 -39 -155 -81
Sale of Property, Plant & Equipment		 - - - - - 579 0.00 246 234 0.00 0.00
Sale and/or Maturity of Investments		 - -1.00 0.00 0.00 113 120 634 161 141 121 798
Other Investing Activities, net		 3.00 2.00 7.00 -7.00 5.00 - 0.00 0.00 -3.00 -801 -654
Net Cash From Financing Activities		 -1,005 -852 -820 -842 14,373 -3,431 -1,741 -2,478 -4,356 -4,165 -3,832
Net Cash From Continuing Financing Activities		 -1,005 -852 -820 -842 14,373 -3,431 -1,741 -2,478 -4,356 -4,165 -3,832
Repayment of Debt		 -2,713 -1,863 -1,985 -4,010 -5,303 -10,918 -6,142 -1,452 -4,545 -5,150 -4,340
Repurchase of Common Equity		 -1,522 -1,245 -1,223 -1,946 -561 -1,826 -2,786 -2,677 -4,827 -5,837 -5,899
Payment of Dividends		 - - 0.00 0.00 -118 -104 -62 -42 -90 -55 -446
Issuance of Debt		 3,121 2,126 2,310 5,039 20,030 8,897 6,435 1,624 5,567 6,783 6,504
Issuance of Common Equity		 71 79 78 75 156 133 140 149 101 97 62
Other Financing Activities, net		 38 51 - - 169 387 674 -80 -562 -3.00 287
Effect of Exchange Rate Changes		 - - - - - 16 -27 -41 33 -32 99

Quarterly Cash Flow Statements for Fiserv

This table details how cash moves in and out of Fiserv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 149 -42 228 -389 671 -480 376 -400 -204 37 -552
Net Cash From Operating Activities		 1,559 1,595 831 1,341 2,238 2,221 648 1,665 1,805 1,944 599
Net Cash From Continuing Operating Activities		 1,559 1,595 831 1,341 2,238 2,221 648 1,665 1,805 1,944 599
Net Income / (Loss) Continuing Operations		 969 889 752 909 571 948 848 1,030 799 813 573
Consolidated Net Income / (Loss)		 969 889 752 909 571 948 848 1,030 799 813 573
Depreciation Expense		 376 386 401 414 433 424 437 460 468 492 508
Amortization Expense		 403 392 384 382 356 344 342 353 332 323 323
Non-Cash Adjustments To Reconcile Net Income		 -150 99 80 86 701 294 88 100 -14 -97 -56
Changes in Operating Assets and Liabilities, net		 -39 -171 -786 -450 177 211 -1,067 -278 220 413 -749
Net Cash From Investing Activities		 -97 -358 -397 -810 -533 -664 -925 -338 -634 -623 -201
Net Cash From Continuing Investing Activities		 -97 -358 -397 -810 -533 -664 -925 -338 -634 -623 -201
Purchase of Property, Plant & Equipment		 -355 -354 -420 -348 -402 -399 -335 -479 -507 -442 -458
Acquisitions		 - - 0.00 - - - -316 -21 -32 -451 0.00
Purchase of Investments		 -4.00 -24 -3.00 -32 -2.00 -118 -32 -9.00 -37 -3.00 -3.00
Sale of Property, Plant & Equipment		 - 2.00 - - - - 0.00 - - - 187
Sale and/or Maturity of Investments		 31 31 25 22 65 9.00 0.00 487 16 295 12
Other Investing Activities, net		 -1.00 - 1.00 -452 -194 -156 -242 -316 -74 -22 61
Net Cash From Financing Activities		 -1,286 -1,320 -189 -925 -1,071 -1,980 627 -1,793 -1,369 -1,297 -923
Net Cash From Continuing Financing Activities		 -1,286 -1,320 -189 -925 -1,071 -1,980 627 -1,793 -1,369 -1,297 -923
Repayment of Debt		 -1,960 -784 -1,482 542 -3,410 -800 -951 -4,088 -1,025 -972 -633
Repurchase of Common Equity		 -1,187 -1,037 -1,674 -1,556 -1,261 -1,346 -2,352 -2,290 -1,053 -204 -240
Issuance of Debt		 2,028 379 2,743 446 2,952 642 3,472 4,828 1,318 -418 516
Issuance of Common Equity		 15 33 39 19 21 18 24 13 16 9.00 12
Other Financing Activities, net		 -118 101 219 -369 634 -487 434 -234 -209 296 -578
Effect of Exchange Rate Changes		 -27 41 -17 5.00 37 -57 26 66 -6.00 13 -27

Annual Balance Sheets for Fiserv

This table presents Fiserv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 9,340 9,743 10,289 11,262 77,539 74,619 76,249 1,937 2,013 77,176 80,133
Total Current Assets		 1,506 1,728 1,975 2,224 17,046 16,219 18,870 866 852 23,477 24,654
Cash & Equivalents		 275 300 325 415 893 906 835 215 152 1,236 798
Accounts Receivable		 802 902 997 1,049 2,782 2,482 2,860 419 469 3,725 3,981
Prepaid Expenses		 429 526 603 274 1,503 1,310 1,523 - - 3,087 3,396
Other Current Assets		 - 0.00 50 486 11,868 11,521 13,652 47 58 15,429 16,479
Plant, Property, & Equipment, net		 396 405 390 398 0.00 0.00 0.00 462 513 2,374 3,084
Total Noncurrent Assets		 7,438 7,610 7,924 8,640 60,493 58,400 57,379 609 648 51,325 52,395
Long-Term Investments		 - - - 65 2,720 2,756 2,561 66 66 1,506 1,046
Goodwill		 5,200 5,373 5,590 5,702 36,038 36,322 36,433 221 248 36,584 37,703
Intangible Assets		 1,872 1,833 1,882 2,143 17,642 15,358 14,009 230 240 9,940 10,161
Other Noncurrent Operating Assets		 366 404 452 730 4,093 3,964 4,376 83 85 3,295 3,485
Total Liabilities & Shareholders' Equity		 9,340 9,743 10,289 11,262 77,539 74,619 76,249 1,937 2,013 77,176 80,133
Total Liabilities		 6,680 7,202 7,558 8,969 42,682 41,290 44,299 651 717 49,490 54,324
Total Current Liabilities		 1,502 1,820 1,938 2,010 15,727 15,637 18,295 438 489 22,157 23,890
Short-Term Debt		 5.00 95 3.00 4.00 287 384 508 - - 1,110 1,239
Accounts Payable		 1,024 1,242 1,359 1,146 3,080 3,186 3,550 273 326 4,799 5,307
Other Current Liabilities		 - - - 480 12,360 11,521 14,237 128 118 16,248 17,344
Total Noncurrent Liabilities		 5,178 5,382 5,620 6,959 26,955 25,653 26,004 214 228 27,333 30,434
Long-Term Debt		 4,288 4,467 4,897 5,955 21,612 20,300 20,729 0.00 20 23,730 27,758
Noncurrent Deferred & Payable Income Tax Liabilities		 726 762 552 745 4,247 4,389 4,172 88 82 2,477 1,478
Other Noncurrent Operating Liabilities		 164 153 117 259 1,096 777 1,103 114 116 1,126 1,198
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,660 2,541 2,731 2,293 34,595 33,070 31,672 1,286 1,296 27,686 25,809
Total Preferred & Common Equity		 2,660 2,541 2,731 2,293 32,979 32,330 30,952 1,286 1,296 27,068 25,792
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00
Total Common Equity		 2,660 2,541 2,731 2,293 32,979 32,330 30,952 1,286 1,296 27,068 25,792
Common Stock		 956 1,024 1,039 1,065 23,749 23,651 22,991 1,855 1,917 23,088 23,268
Retained Earnings		 8,064 8,994 10,240 11,635 12,528 13,441 14,846 -556 -579 23,575 27,055
Treasury Stock		 -6,286 -7,401 -8,494 -10,340 -3,118 -4,375 -6,140 -41 -65 -18,182 -23,547
Accumulated Other Comprehensive Income / (Loss)		 -74 -76 -54 -67 -180 -387 -745 28 22 -1,413 -984
Noncontrolling Interest		 - - - 0.00 1,616 740 720 - - 618 17

Quarterly Balance Sheets for Fiserv

This table presents Fiserv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 77,599 84,154 90,890 92,698 93,417 79,792 77,176 80,402 81,531 79,370 80,548
Total Current Assets		 21,444 28,581 34,811 37,094 38,327 25,125 23,477 25,591 26,474 24,157 24,782
Cash & Equivalents		 1,082 1,349 1,204 1,214 1,195 1,228 1,236 1,177 999 1,068 829
Accounts Receivable		 3,465 3,461 3,582 3,574 3,744 3,714 3,725 3,935 4,116 3,957 3,882
Prepaid Expenses		 2,076 1,986 2,344 2,595 3,263 2,749 3,087 3,646 3,805 3,597 3,411
Other Current Assets		 14,821 21,785 27,681 29,711 30,125 17,434 15,429 16,833 17,554 15,535 16,660
Plant, Property, & Equipment, net		 2,023 2,122 2,161 2,226 2,285 2,377 2,374 2,427 2,585 2,968 3,225
Total Noncurrent Assets		 54,132 53,451 53,918 53,378 52,805 52,290 51,325 52,384 52,472 52,245 52,541
Long-Term Investments		 2,316 2,259 2,262 2,220 2,210 1,585 1,506 1,538 1,071 1,084 1,028
Goodwill		 37,109 36,836 37,205 37,038 36,867 37,133 36,584 36,983 37,465 37,449 37,602
Intangible Assets		 11,779 11,439 11,210 10,926 10,552 10,322 9,940 10,502 10,418 10,162 9,982
Other Noncurrent Operating Assets		 2,928 2,917 3,241 3,194 3,176 3,250 3,295 3,361 3,518 3,550 3,929
Total Liabilities & Shareholders' Equity		 77,599 84,154 90,890 92,698 93,417 79,792 77,176 80,402 81,531 79,370 80,548
Total Liabilities		 46,722 53,768 60,221 63,115 64,639 51,389 49,490 53,881 55,768 54,226 54,327
Total Current Liabilities		 19,462 26,629 33,552 35,118 36,201 23,565 22,157 23,293 24,318 22,375 23,418
Short-Term Debt		 608 649 755 671 1,108 1,200 1,110 1,281 1,528 1,323 1,323
Accounts Payable		 3,359 3,590 4,355 3,957 4,187 4,161 4,799 4,339 4,351 4,644 4,591
Other Current Liabilities		 15,495 22,390 28,442 30,490 30,906 18,204 16,248 17,673 18,439 16,408 17,504
Total Noncurrent Liabilities		 27,260 27,139 26,669 27,997 28,438 27,824 27,333 30,588 31,450 31,851 30,909
Long-Term Debt		 22,595 22,657 22,363 23,754 24,401 24,085 23,730 27,016 28,059 28,876 27,859
Noncurrent Deferred & Payable Income Tax Liabilities		 3,400 3,264 3,078 3,048 2,862 2,526 2,477 2,427 2,189 1,825 1,688
Other Noncurrent Operating Liabilities		 1,265 1,218 1,228 1,195 1,175 1,213 1,126 1,145 1,202 1,150 1,362
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 30,716 30,225 30,508 29,423 28,778 28,403 27,686 26,521 25,763 25,144 26,221
Total Preferred & Common Equity		 29,991 29,573 29,857 28,801 28,154 27,751 27,068 25,884 25,215 25,121 26,201
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 29,991 29,573 29,857 28,801 28,154 27,751 27,068 25,884 25,215 25,121 26,201
Common Stock		 22,996 23,064 23,111 22,869 23,022 23,011 23,088 22,829 23,012 23,227 23,219
Retained Earnings		 18,622 19,574 20,444 21,179 22,073 22,637 23,575 24,426 25,452 26,244 27,626
Treasury Stock		 -10,727 -11,899 -12,915 -14,253 -15,744 -16,941 -18,182 -20,184 -22,348 -23,365 -23,609
Accumulated Other Comprehensive Income / (Loss)		 -900 -1,166 -783 -994 -1,197 -956 -1,413 -1,187 -901 -985 -1,035
Noncontrolling Interest		 725 652 651 622 624 652 618 637 548 23 20

Annual Metrics And Ratios for Fiserv

This table displays calculated financial ratios and metrics derived from Fiserv's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.71% 4.78% 3.47% 2.23% 74.94% 45.79% 9.25% 9.31% 7.65% 7.14% 3.60%
EBITDA Growth		 7.06% 7.99% 5.95% 17.05% 46.11% 51.94% 9.15% 22.31% 17.18% 9.99% 1.41%
EBIT Growth		 8.35% 10.22% 6.09% 14.68% -8.82% 17.28% 25.48% 54.56% 33.68% 16.97% 0.98%
NOPAT Growth		 10.07% 5.22% 52.55% -1.99% -0.91% 17.28% 16.05% 69.47% 33.36% 24.69% -6.57%
Net Income Growth		 -5.57% 30.62% 33.98% -4.74% -23.00% 6.67% 43.90% 84.03% 21.19% 1.63% 9.75%
EPS Growth		 0.34% 30.62% 33.98% -0.69% -40.42% -18.13% 42.14% 96.48% 27.37% 8.03% 17.84%
Operating Cash Flow Growth		 3.06% 6.32% 3.63% 4.65% 80.09% 48.37% -2.72% 14.48% 11.78% 28.46% -8.58%
Free Cash Flow Firm Growth		 -5.14% -20.28% 11.59% 1.19% -5,217.64% 109.84% -45.79% 28.65% 16.59% 58.33% -72.52%
Invested Capital Growth		 -1.66% 1.87% 7.39% 6.38% 583.78% -5.25% -1.11% 0.02% 1.04% -1.07% 6.38%
Revenue Q/Q Growth		 1.00% 1.16% 1.51% 0.60% 32.42% -1.41% 2.69% 2.15% 1.52% 1.66% 0.16%
EBITDA Q/Q Growth		 0.76% 3.09% 2.59% 2.07% 25.64% 0.45% 1.17% 9.40% 2.76% 1.26% -1.35%
EBIT Q/Q Growth		 0.92% 3.29% 3.44% 0.63% 2.56% 2.06% 2.52% 19.70% 4.70% 2.15% -2.87%
NOPAT Q/Q Growth		 1.53% 2.69% 35.62% -16.63% 4.84% 7.15% -1.57% 21.01% 5.10% 4.71% -7.39%
Net Income Q/Q Growth		 1.14% 2.88% 36.17% -17.97% -4.69% 7.97% 3.09% 20.71% 3.00% 1.89% -3.72%
EPS Q/Q Growth		 -0.99% 2.88% 36.17% -19.83% 7.55% 3.70% 3.11% 22.57% 4.40% 3.86% -1.86%
Operating Cash Flow Q/Q Growth		 3.46% -0.14% 5.63% 7.11% 27.74% 0.19% 4.05% 6.70% -0.73% 10.42% -4.37%
Free Cash Flow Firm Q/Q Growth		 2.10% -0.10% 12.21% -41.22% 0.28% 11.21% 16.37% -8.66% 17.52% 38.63% -44.67%
Invested Capital Q/Q Growth		 -1.72% -1.35% 2.38% 7.01% 0.85% 0.22% -0.49% 1.15% 0.47% -2.14% -0.43%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 44.63% 46.25% 46.91% 47.30% 47.88% 47.40% 49.91% 54.94% 59.83% 60.83% 59.36%
EBITDA Margin		 32.89% 33.90% 34.71% 39.74% 33.19% 34.59% 34.56% 38.66% 42.09% 43.21% 42.30%
Operating Margin		 24.95% 26.25% 26.90% 30.10% 15.79% 12.47% 14.10% 21.09% 26.26% 28.74% 27.45%
EBIT Margin		 24.95% 26.25% 26.91% 30.19% 15.74% 12.66% 14.54% 20.56% 25.53% 27.87% 27.16%
Profit (Net Income) Margin		 13.55% 16.89% 21.88% 20.38% 8.97% 6.56% 8.65% 14.56% 16.39% 15.55% 16.47%
Tax Burden Percent		 67.36% 72.94% 91.75% 76.33% 84.40% 83.26% 84.21% 88.64% 80.27% 70.57% 81.85%
Interest Burden Percent		 80.63% 88.24% 88.58% 88.45% 67.56% 62.29% 70.62% 79.90% 79.98% 79.04% 74.07%
Effective Tax Rate		 35.67% 38.59% 11.63% 24.31% 18.28% 16.74% 21.79% 18.92% 19.34% 14.23% 19.02%
Return on Invested Capital (ROIC)		 12.52% 13.17% 19.19% 17.60% 4.32% 2.98% 3.57% 6.09% 8.08% 10.07% 9.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.03% 14.19% 16.75% 14.82% 0.94% -0.23% 1.36% 3.58% 3.23% 1.15% 4.21%
Return on Net Nonoperating Assets (RNNOA)		 11.39% 22.60% 28.08% 29.65% 0.60% -0.12% 0.72% 2.02% 1.96% 0.82% 3.88%
Return on Equity (ROE)		 23.91% 35.76% 47.27% 47.25% 4.92% 2.86% 4.30% 8.11% 10.04% 10.90% 13.05%
Cash Return on Invested Capital (CROIC)		 14.20% 11.31% 12.06% 11.42% -144.65% 8.38% 4.69% 6.07% 7.04% 11.15% 2.98%
Operating Return on Assets (OROA)		 14.06% 15.14% 15.31% 16.31% 3.61% 2.47% 3.13% 4.55% 5.58% 6.78% 7.32%
Return on Assets (ROA)		 7.64% 9.75% 12.44% 11.02% 2.06% 1.28% 1.86% 3.23% 3.58% 3.78% 4.44%
Return on Common Equity (ROCE)		 23.91% 35.76% 47.27% 47.25% 4.67% 2.74% 4.17% 7.88% 9.77% 10.63% 12.89%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 45.62% 51.77% 2.77% 3.02% 4.53% 8.38% 10.48% 11.75% 0.00%
Net Operating Profit after Tax (NOPAT)		 843 887 1,354 1,327 1,315 1,542 1,789 3,033 4,044 5,043 4,711
NOPAT Margin		 16.05% 16.12% 23.77% 22.79% 12.91% 10.38% 11.03% 17.10% 21.18% 24.65% 22.23%
Net Nonoperating Expense Percent (NNEP)		 3.50% -1.03% 2.44% 2.78% 3.37% 3.21% 2.22% 2.51% 4.85% 8.92% 4.96%
Return On Investment Capital (ROIC_SIMPLE)		 12.13% 12.49% - - - - - 5.73% 7.54% 9.60% 8.60%
Cost of Revenue to Revenue		 55.37% 53.75% 53.09% 52.70% 52.12% 52.60% 50.09% 45.06% 40.17% 39.17% 40.64%
SG&A Expenses to Revenue		 19.68% 20.00% 20.19% 21.09% 32.24% 38.06% 35.81% 34.16% 34.44% 32.09% 32.48%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.68% 20.00% 20.01% 17.19% 32.09% 34.93% 35.81% 33.86% 33.57% 32.09% 31.91%
Earnings before Interest and Taxes (EBIT)		 1,311 1,445 1,533 1,758 1,603 1,880 2,359 3,646 4,874 5,701 5,757
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,728 1,866 1,977 2,314 3,381 5,137 5,607 6,858 8,036 8,839 8,964
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.93 4.54 5.00 12.77 2.38 2.36 2.21 2.08 2.67 4.32 1.40
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.99 2.10 2.40 5.03 7.72 5.14 4.22 3.62 4.18 5.71 1.70
Price to Earnings (P/E)		 14.68 12.40 10.97 24.67 88.04 79.68 51.37 25.37 25.99 37.33 10.38
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 6.81% 8.06% 9.12% 4.05% 1.14% 1.26% 1.95% 3.94% 3.85% 2.68% 9.63%
Enterprise Value to Invested Capital (EV/IC)		 2.17 2.32 2.50 4.47 1.86 1.87 1.75 1.67 1.99 2.80 1.20
Enterprise Value to Revenue (EV/Rev)		 2.75 2.87 3.20 5.97 9.70 6.35 5.38 4.69 5.25 6.82 2.99
Enterprise Value to EBITDA (EV/EBITDA)		 8.37 8.47 9.23 15.02 29.22 18.37 15.58 12.13 12.47 15.79 7.06
Enterprise Value to EBIT (EV/EBIT)		 11.04 10.93 11.90 19.77 61.62 50.19 37.03 22.81 20.56 24.48 10.99
Enterprise Value to NOPAT (EV/NOPAT)		 17.16 17.80 13.47 26.20 75.13 61.19 48.82 27.42 24.77 27.68 13.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.75 11.04 12.30 22.40 35.34 22.75 21.66 18.01 19.41 21.05 10.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.13 20.72 21.44 40.38 0.00 21.77 37.18 27.51 28.43 25.02 41.28
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.61 1.80 1.79 2.60 0.63 0.62 0.66 0.68 0.75 0.90 1.12
Long-Term Debt to Equity		 1.61 1.76 1.79 2.60 0.62 0.61 0.65 0.66 0.73 0.86 1.08
Financial Leverage		 1.26 1.59 1.68 2.00 0.64 0.52 0.53 0.57 0.61 0.72 0.92
Leverage Ratio		 3.13 3.67 3.80 4.29 2.39 2.23 2.31 2.52 2.80 2.88 2.94
Compound Leverage Factor		 2.52 3.24 3.37 3.79 1.61 1.39 1.63 2.01 2.24 2.28 2.18
Debt to Total Capital		 61.74% 64.23% 64.21% 72.21% 38.58% 38.29% 39.93% 40.33% 42.98% 47.29% 52.91%
Short-Term Debt to Total Capital		 0.07% 1.34% 0.04% 0.05% 0.51% 0.71% 0.96% 0.88% 1.40% 2.11% 2.26%
Long-Term Debt to Total Capital		 61.67% 62.89% 64.17% 72.16% 38.08% 37.58% 38.97% 39.45% 41.58% 45.18% 50.65%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.31% 1.85% 1.88% 1.62% 1.51% 1.18% 0.03%
Common Equity to Total Capital		 38.26% 35.77% 35.79% 27.79% 58.11% 59.86% 58.19% 58.05% 55.51% 51.53% 47.06%
Debt to EBITDA		 2.48 2.44 2.48 2.58 6.48 4.03 3.79 3.12 2.88 2.81 3.23
Net Debt to EBITDA		 2.33 2.28 2.31 2.37 5.41 3.31 3.18 2.64 2.45 2.50 3.03
Long-Term Debt to EBITDA		 2.48 2.39 2.48 2.57 6.39 3.95 3.70 3.05 2.78 2.68 3.10
Debt to NOPAT		 5.09 5.14 3.62 4.49 16.66 13.41 11.87 7.06 5.72 4.93 6.15
Net Debt to NOPAT		 4.76 4.80 3.38 4.13 13.91 11.04 9.97 5.97 4.86 4.38 5.76
Long-Term Debt to NOPAT		 5.08 5.03 3.62 4.49 16.44 13.16 11.58 6.91 5.53 4.71 5.89
Altman Z-Score		 3.17 3.30 3.53 4.46 1.55 1.65 1.52 1.40 1.51 2.37 1.38
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 5.06% 4.22% 3.06% 2.92% 2.68% 2.45% 1.19%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.00 0.95 1.02 1.11 1.08 1.04 1.03 1.04 1.04 1.06 1.03
Quick Ratio		 0.72 0.66 0.68 0.73 0.23 0.22 0.20 0.17 0.14 0.22 0.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 956 762 851 861 -44,056 4,334 2,349 3,023 3,524 5,580 1,533
Operating Cash Flow to CapEx		 374.93% 493.45% 516.72% 431.11% 387.66% 1,291.90% 347.76% 374.53% 447.31% 422.63% 343.85%
Free Cash Flow to Firm to Interest Expense		 3.75 4.68 4.86 4.24 -84.72 6.11 3.39 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 5.28 8.78 8.47 7.65 5.38 5.85 5.82 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.87 7.00 6.83 5.87 3.99 5.40 4.15 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.58 0.57 0.54 0.23 0.20 0.22 0.22 0.22 0.24 0.27
Accounts Receivable Turnover		 6.57 6.46 6.00 5.69 5.32 5.64 6.07 5.50 5.33 5.60 5.50
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 14.74 13.75 14.33 14.78 0.00 0.00 0.00 0.00 9.27 9.02 7.77
Accounts Payable Turnover		 3.02 2.61 2.33 2.45 2.51 2.49 2.41 2.15 1.86 1.75 1.70
Days Sales Outstanding (DSO)		 55.58 56.49 60.84 64.12 68.63 64.68 60.08 66.31 68.51 65.19 66.36
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 121.02 139.76 156.97 148.96 145.27 146.38 151.25 169.74 196.02 208.49 214.16
Cash Conversion Cycle (CCC)		 -65.44 -83.27 -96.13 -84.84 -76.64 -81.70 -91.16 -103.42 -127.51 -143.30 -147.80
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,678 6,803 7,306 7,772 53,143 50,351 49,791 49,801 50,321 49,784 52,962
Invested Capital Turnover		 0.78 0.82 0.81 0.77 0.33 0.29 0.32 0.36 0.38 0.41 0.41
Increase / (Decrease) in Invested Capital		 -113 125 503 466 45,371 -2,792 -560 10 520 -537 3,178
Enterprise Value (EV)		 14,469 15,796 18,239 34,763 98,780 94,357 87,364 83,155 100,193 139,583 63,298
Market Capitalization		 10,451 11,534 13,664 29,284 78,616 76,336 68,525 64,182 79,729 116,867 36,128
Book Value per Share		 $11.64 $11.71 $13.10 $5.75 $48.51 $48.22 $46.88 $48.55 $49.75 $47.58 $47.95
Tangible Book Value per Share		 ($19.31) ($21.49) ($22.75) ($13.93) ($30.45) ($28.86) ($29.52) ($28.97) ($30.92) ($34.20) ($41.04)
Total Capital		 6,953 7,103 7,631 8,252 56,756 54,013 53,187 53,106 53,787 52,526 54,806
Total Debt		 4,293 4,562 4,900 5,959 21,899 20,684 21,237 21,418 23,118 24,840 28,997
Total Long-Term Debt		 4,288 4,467 4,897 5,955 21,612 20,300 20,729 20,950 22,363 23,730 27,758
Net Debt		 4,018 4,262 4,575 5,479 18,286 17,022 17,841 18,113 19,652 22,098 27,153
Capital Expenditures (CapEx)		 359 290 287 360 721 321 1,160 1,233 1,154 1,569 1,763
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -266 -297 -285 -197 713 60 248 652 810 1,194 1,205
Debt-free Net Working Capital (DFNWC)		 9.00 3.00 40 218 1,606 966 1,083 1,554 2,014 2,430 2,003
Net Working Capital (NWC)		 4.00 -92 37 214 1,319 582 575 1,086 1,259 1,320 764
Net Nonoperating Expense (NNE)		 131 -43 108 140 401 567 386 451 915 1,863 1,221
Net Nonoperating Obligations (NNO)		 4,018 4,262 4,575 5,479 18,286 17,022 17,841 18,113 19,652 22,098 27,153
Total Depreciation and Amortization (D&A)		 417 421 444 556 1,778 3,257 3,248 3,212 3,162 3,138 3,207
Debt-free, Cash-free Net Working Capital to Revenue		 -5.06% -5.40% -5.00% -3.38% 7.00% 0.40% 1.53% 3.68% 4.24% 5.84% 5.69%
Debt-free Net Working Capital to Revenue		 0.17% 0.05% 0.70% 3.74% 15.77% 6.50% 6.67% 8.76% 10.55% 11.88% 9.45%
Net Working Capital to Revenue		 0.08% -1.67% 0.65% 3.68% 12.95% 3.92% 3.54% 6.12% 6.59% 6.45% 3.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.04 $4.22 $0.00 $0.00 $1.74 $1.42 $2.01 $3.94 $5.02 $5.41 $6.36
Adjusted Weighted Average Basic Shares Outstanding		 233.90M 220.30M 0.00 0.00 512.30M 672.10M 662.60M 642.30M 611.70M 578.70M 547.10M
Adjusted Diluted Earnings per Share		 $2.99 $4.15 $0.00 $0.00 $1.71 $1.40 $1.99 $3.91 $4.98 $5.38 $6.34
Adjusted Weighted Average Diluted Shares Outstanding		 238M 223.90M 0.00 0.00 522.60M 683.40M 671.60M 647.90M 615.90M 582.10M 549M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 222.94M 214.56M 0.00 0.00 679.10M 669.46M 652.20M 628.13M 590.40M 561.29M 534.78M
Normalized Net Operating Profit after Tax (NOPAT)		 843 887 1,354 1,327 1,315 1,156 1,789 2,989 3,909 5,043 4,614
Normalized NOPAT Margin		 16.05% 16.12% 23.77% 22.79% 12.91% 7.78% 11.03% 16.85% 20.48% 24.65% 21.77%
Pre Tax Income Margin		 20.12% 23.16% 23.84% 26.70% 10.63% 7.88% 10.27% 16.42% 20.42% 22.03% 20.12%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.14 8.87 8.76 8.66 3.08 2.65 3.40 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 3.31 5.44 7.74 6.54 2.53 2.17 2.58 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 3.73 7.09 7.12 6.89 1.70 2.20 1.73 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 1.90 3.67 6.10 4.76 1.14 1.72 0.91 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 12.91% 10.67% 4.42% 1.63% 2.88% 1.73% 12.78%
Augmented Payout Ratio		 213.76% 133.87% 98.15% 163.94% 74.29% 197.95% 202.99% 105.31% 157.14% 185.28% 181.81%

Quarterly Metrics And Ratios for Fiserv

This table displays calculated financial ratios and metrics derived from Fiserv's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 609,614,903.00 - 600,185,716.00 585,101,873.00 575,725,190.00 - 561,288,944.00 554,433,824.00 543,593,180.00 - 534,777,512.00
DEI Adjusted Shares Outstanding		 609,614,903.00 - 600,185,716.00 585,101,873.00 575,725,190.00 - 561,288,944.00 554,433,824.00 543,593,180.00 - 534,777,512.00
DEI Earnings Per Adjusted Shares Outstanding		 1.56 - 1.22 1.53 0.98 - 1.52 1.85 1.46 - 1.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.86% 6.18% 7.39% 7.38% 7.02% 6.79% 5.06% 8.01% 0.92% 0.63% -2.01%
EBITDA Growth		 36.76% 11.08% 14.63% 15.87% 6.19% 5.08% 10.06% 11.31% -8.38% -5.41% -17.86%
EBIT Growth		 74.35% 18.75% 28.45% 28.78% 8.79% 8.65% 17.29% 16.44% -13.21% -11.28% -31.74%
NOPAT Growth		 82.13% 20.27% 27.45% 28.35% 25.09% 19.25% 16.12% 19.33% -21.90% -26.95% -22.84%
Net Income Growth		 96.55% 11.40% 30.56% 30.79% -41.07% 6.64% 12.77% 13.31% 39.93% -14.24% -32.43%
EPS Growth		 108.00% 17.21% 39.33% 39.09% -37.18% 13.99% 21.77% 21.57% 48.98% -7.36% -29.14%
Operating Cash Flow Growth		 32.12% -2.33% -26.46% 52.73% 43.55% 39.25% -22.02% 24.16% -19.35% -12.47% -7.56%
Free Cash Flow Firm Growth		 -75.63% -32.46% -39.28% 217.41% 100.97% 197.08% -207.88% -207.81% -258.51% -211.64% -45.11%
Invested Capital Growth		 1.72% 1.04% 1.25% 0.39% 1.58% -1.07% 3.02% 4.71% 4.55% 6.38% 2.77%
Revenue Q/Q Growth		 2.46% 0.90% -0.69% 4.59% 2.11% 0.69% -2.30% 7.52% -4.59% 0.40% -4.86%
EBITDA Q/Q Growth		 17.34% -3.65% -9.52% 13.27% 7.53% -4.65% -5.23% 14.56% -11.50% -1.56% -17.70%
EBIT Q/Q Growth		 32.85% -5.52% -15.36% 21.21% 12.23% -5.64% -8.63% 20.33% -16.35% -3.54% -29.69%
NOPAT Q/Q Growth		 34.54% -2.94% -16.03% 17.05% 31.12% -7.46% -18.23% 20.28% -14.19% -13.44% -13.64%
Net Income Q/Q Growth		 39.42% -8.26% -15.41% 20.88% -37.18% 66.02% -10.55% 21.46% -22.43% 1.75% -29.52%
EPS Q/Q Growth		 41.82% -8.33% -13.29% 23.39% -35.95% 66.33% -7.36% 23.18% -21.51% 3.42% -29.14%
Operating Cash Flow Q/Q Growth		 77.56% 2.31% -47.90% 61.37% 66.89% -0.76% -70.82% 156.94% 8.41% 7.70% -69.19%
Free Cash Flow Firm Q/Q Growth		 19.24% 82.20% -44.81% 164.75% -24.50% 169.34% -120.04% -164.57% -11.00% -89.69% 73.95%
Invested Capital Q/Q Growth		 -1.18% 0.47% 0.50% 0.61% -0.01% -2.14% 4.66% 2.26% -0.17% -0.43% 1.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 61.13% 62.54% 58.94% 61.19% 61.51% 61.55% 59.59% 61.82% 58.86% 57.08% 54.11%
EBITDA Margin		 46.11% 44.03% 40.12% 43.45% 45.75% 43.33% 42.03% 44.78% 41.54% 40.73% 35.23%
Operating Margin		 30.84% 29.41% 24.19% 27.96% 30.72% 31.77% 27.19% 30.75% 27.28% 24.43% 18.26%
EBIT Margin		 30.13% 28.21% 24.04% 27.86% 30.62% 28.70% 26.84% 30.04% 26.33% 25.30% 18.70%
Profit (Net Income) Margin		 19.89% 18.08% 15.40% 17.80% 10.95% 18.05% 16.53% 18.67% 15.18% 15.39% 11.40%
Tax Burden Percent		 80.08% 80.60% 82.37% 79.88% 44.93% 80.07% 81.07% 79.72% 82.88% 84.51% 96.63%
Interest Burden Percent		 82.43% 79.52% 77.77% 79.97% 79.59% 78.57% 75.96% 77.97% 69.55% 71.95% 63.09%
Effective Tax Rate		 19.75% 19.04% 16.76% 19.42% 5.82% 16.30% 18.16% 19.04% 17.95% 21.00% 4.05%
Return on Invested Capital (ROIC)		 9.37% 9.08% 7.78% 8.78% 11.53% 10.87% 8.97% 10.09% 9.10% 7.96% 7.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.12% 7.59% 6.63% 7.62% 7.08% 8.72% 7.71% 8.71% 7.60% 7.12% 5.83%
Return on Net Nonoperating Assets (RNNOA)		 4.99% 4.60% 4.38% 5.36% 5.08% 6.24% 6.40% 7.92% 7.17% 6.56% 5.85%
Return on Equity (ROE)		 14.36% 13.68% 12.16% 14.13% 16.61% 17.10% 15.38% 18.01% 16.28% 14.52% 12.85%
Cash Return on Invested Capital (CROIC)		 6.04% 7.04% 7.23% 8.49% 7.97% 11.15% 7.16% 5.82% 5.33% 2.98% 5.67%
Operating Return on Assets (OROA)		 7.09% 6.16% 5.52% 6.45% 7.52% 6.99% 6.42% 7.25% 7.00% 6.82% 4.90%
Return on Assets (ROA)		 4.68% 3.95% 3.54% 4.12% 2.69% 4.39% 3.95% 4.51% 4.04% 4.15% 2.99%
Return on Common Equity (ROCE)		 13.98% 13.31% 11.83% 13.77% 16.20% 16.69% 14.99% 17.63% 16.07% 14.35% 12.69%
Return on Equity Simple (ROE_SIMPLE)		 10.27% 0.00% 11.48% 12.50% 0.00% 0.00% 12.66% 13.47% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,206 1,171 983 1,151 1,509 1,396 1,142 1,373 1,178 1,020 881
NOPAT Margin		 24.75% 23.81% 20.13% 22.53% 28.93% 26.59% 22.25% 24.89% 22.39% 19.30% 17.52%
Net Nonoperating Expense Percent (NNEP)		 1.26% 1.49% 1.16% 1.15% 4.45% 2.15% 1.26% 1.38% 1.50% 0.84% 1.16%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.18% 1.83% 2.12% 2.81% 2.66% 2.08% 2.48% 2.13% 1.86% 1.59%
Cost of Revenue to Revenue		 38.87% 37.46% 41.06% 38.81% 38.49% 38.45% 40.41% 38.18% 41.14% 42.92% 45.89%
SG&A Expenses to Revenue		 33.90% 33.03% 34.75% 33.23% 30.80% 29.78% 32.79% 31.02% 33.48% 32.70% 37.50%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 30.29% 33.13% 34.75% 33.23% 30.80% 29.78% 32.40% 31.07% 31.58% 32.65% 35.85%
Earnings before Interest and Taxes (EBIT)		 1,468 1,387 1,174 1,423 1,597 1,507 1,377 1,657 1,386 1,337 940
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,247 2,165 1,959 2,219 2,386 2,275 2,156 2,470 2,186 2,152 1,771
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.33 2.67 3.33 3.10 3.73 4.32 4.79 3.79 2.79 1.40 1.14
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.66 4.18 4.94 4.41 5.14 5.71 5.99 4.53 3.31 1.70 1.41
Price to Earnings (P/E)		 23.11 25.99 29.61 25.27 33.77 37.33 38.17 28.29 19.43 10.38 9.33
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.33% 3.85% 3.38% 3.96% 2.96% 2.68% 2.62% 3.53% 5.15% 9.63% 10.72%
Enterprise Value to Invested Capital (EV/IC)		 1.78 1.99 2.33 2.16 2.49 2.80 2.88 2.32 1.85 1.20 1.07
Enterprise Value to Revenue (EV/Rev)		 4.75 5.25 6.06 5.56 6.29 6.82 7.25 5.86 4.64 2.99 2.71
Enterprise Value to EBITDA (EV/EBITDA)		 11.43 12.47 14.20 12.80 14.50 15.79 16.62 13.31 10.80 7.06 6.67
Enterprise Value to EBIT (EV/EBIT)		 19.20 20.56 22.92 20.16 22.68 24.48 25.44 20.15 16.56 10.99 10.75
Enterprise Value to NOPAT (EV/NOPAT)		 23.23 24.77 27.65 24.38 26.28 27.68 28.86 22.78 19.29 13.43 12.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.19 19.41 24.20 20.64 21.07 21.05 23.29 18.26 15.48 10.44 9.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 29.80 28.43 32.40 25.51 31.44 25.02 40.88 40.81 35.42 41.28 19.10
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.77 0.75 0.83 0.89 0.89 0.90 1.07 1.15 1.20 1.12 1.11
Long-Term Debt to Equity		 0.75 0.73 0.80 0.85 0.85 0.86 1.02 1.09 1.15 1.08 1.06
Financial Leverage		 0.61 0.61 0.66 0.70 0.72 0.72 0.83 0.91 0.94 0.92 1.00
Leverage Ratio		 2.60 2.80 2.80 2.87 2.79 2.88 3.09 3.21 2.97 2.94 3.05
Compound Leverage Factor		 2.14 2.23 2.17 2.29 2.22 2.26 2.34 2.50 2.07 2.12 1.93
Debt to Total Capital		 43.41% 42.98% 45.22% 46.99% 47.10% 47.29% 51.62% 53.45% 54.57% 52.91% 52.67%
Short-Term Debt to Total Capital		 1.21% 1.40% 1.24% 2.04% 2.24% 2.11% 2.34% 2.76% 2.39% 2.26% 2.39%
Long-Term Debt to Total Capital		 42.20% 41.58% 43.98% 44.95% 44.86% 45.18% 49.28% 50.69% 52.18% 50.65% 50.28%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.51% 1.51% 1.45% 1.15% 1.21% 1.18% 1.16% 0.99% 0.04% 0.03% 0.04%
Common Equity to Total Capital		 55.08% 55.51% 53.33% 51.86% 51.69% 51.53% 47.22% 45.56% 45.39% 47.06% 47.29%
Debt to EBITDA		 2.98 2.88 2.95 2.97 2.90 2.81 3.13 3.19 3.32 3.23 3.40
Net Debt to EBITDA		 2.52 2.45 2.53 2.57 2.57 2.50 2.83 2.96 3.09 3.03 3.19
Long-Term Debt to EBITDA		 2.90 2.78 2.87 2.84 2.76 2.68 2.99 3.02 3.18 3.10 3.25
Debt to NOPAT		 6.06 5.72 5.74 5.66 5.25 4.93 5.44 5.45 5.94 6.15 6.58
Net Debt to NOPAT		 5.12 4.86 4.93 4.90 4.67 4.38 4.92 5.07 5.51 5.76 6.16
Long-Term Debt to NOPAT		 5.89 5.53 5.58 5.41 5.00 4.71 5.19 5.17 5.68 5.89 6.28
Altman Z-Score		 1.40 1.39 1.51 1.43 1.95 2.19 2.15 1.82 1.59 1.20 1.13
Noncontrolling Interest Sharing Ratio		 2.65% 2.68% 2.74% 2.53% 2.49% 2.45% 2.53% 2.15% 1.26% 1.19% 1.25%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.07 1.04 1.06 1.06 1.07 1.06 1.10 1.09 1.08 1.03 1.06
Quick Ratio		 0.18 0.14 0.14 0.14 0.21 0.22 0.22 0.21 0.22 0.20 0.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 357 651 359 951 718 1,933 -387 -1,025 -1,138 -2,158 -562
Operating Cash Flow to CapEx		 439.15% 453.13% 197.86% 385.34% 556.72% 556.64% 193.43% 347.60% 356.02% 439.82% 221.03%
Free Cash Flow to Firm to Interest Expense		 1.38 0.00 1.38 3.34 2.20 0.00 -1.17 -2.81 -2.70 0.00 -1.62
Operating Cash Flow to Interest Expense		 6.04 0.00 3.18 4.71 6.87 0.00 1.96 4.56 4.28 0.00 1.73
Operating Cash Flow Less CapEx to Interest Expense		 4.67 0.00 1.57 3.48 5.63 0.00 0.95 3.25 3.08 0.00 0.95
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.24 0.22 0.23 0.23 0.25 0.24 0.24 0.24 0.27 0.27 0.26
Accounts Receivable Turnover		 5.56 5.33 5.62 5.49 5.61 5.60 5.51 5.37 5.52 5.50 5.40
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 9.30 9.27 9.19 9.18 8.95 9.02 8.90 8.67 7.92 7.77 7.46
Accounts Payable Turnover		 2.22 1.86 2.04 2.05 2.02 1.75 1.95 1.92 1.90 1.70 1.98
Days Sales Outstanding (DSO)		 65.64 68.51 64.94 66.51 65.07 65.19 66.19 67.94 66.16 66.36 67.64
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 164.69 196.02 179.07 178.32 180.52 208.49 187.36 189.91 192.15 214.16 184.23
Cash Conversion Cycle (CCC)		 -99.05 -127.51 -114.13 -111.80 -115.45 -143.30 -121.16 -121.96 -125.98 -147.80 -116.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 50,084 50,321 50,574 50,882 50,875 49,784 52,103 53,280 53,191 52,962 53,546
Invested Capital Turnover		 0.38 0.38 0.39 0.39 0.40 0.41 0.40 0.41 0.41 0.41 0.40
Increase / (Decrease) in Invested Capital		 849 520 624 200 791 -537 1,529 2,398 2,316 3,178 1,443
Enterprise Value (EV)		 89,373 100,193 117,695 109,932 126,553 139,583 150,168 123,655 98,155 63,298 57,186
Market Capitalization		 68,862 79,729 95,922 87,204 103,429 116,867 123,949 95,590 70,085 36,128 29,841
Book Value per Share		 $48.51 $49.75 $48.74 $48.12 $48.20 $47.58 $46.12 $45.48 $46.21 $47.95 $48.99
Tangible Book Value per Share		 ($30.68) ($30.92) ($32.43) ($32.93) ($34.22) ($34.20) ($38.48) ($40.89) ($41.37) ($41.04) ($39.98)
Total Capital		 53,692 53,787 54,008 54,287 53,688 52,526 54,818 55,350 55,343 54,806 55,403
Total Debt		 23,306 23,118 24,425 25,509 25,285 24,840 28,297 29,587 30,199 28,997 29,182
Total Long-Term Debt		 22,657 22,363 23,754 24,401 24,085 23,730 27,016 28,059 28,876 27,758 27,859
Net Debt		 19,698 19,652 20,991 22,104 22,472 22,098 25,582 27,517 28,047 27,153 27,325
Capital Expenditures (CapEx)		 355 352 420 348 402 399 335 479 507 442 271
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,252 810 1,433 2,039 1,532 1,194 2,402 2,685 2,037 1,205 1,858
Debt-free Net Working Capital (DFNWC)		 2,601 2,014 2,647 3,234 2,760 2,430 3,579 3,684 3,105 2,003 2,687
Net Working Capital (NWC)		 1,952 1,259 1,976 2,126 1,560 1,320 2,298 2,156 1,782 764 1,364
Net Nonoperating Expense (NNE)		 237 282 231 242 938 448 294 343 379 207 308
Net Nonoperating Obligations (NNO)		 19,698 19,652 20,991 22,104 22,472 22,098 25,582 27,517 28,047 27,153 27,325
Total Depreciation and Amortization (D&A)		 779 778 785 796 789 768 779 813 800 815 831
Debt-free, Cash-free Net Working Capital to Revenue		 6.66% 4.24% 7.38% 10.31% 7.61% 5.84% 11.60% 12.72% 9.63% 5.69% 8.81%
Debt-free Net Working Capital to Revenue		 13.83% 10.55% 13.62% 16.35% 13.72% 11.88% 17.29% 17.45% 14.67% 9.45% 12.74%
Net Working Capital to Revenue		 10.38% 6.59% 10.17% 10.75% 7.75% 6.45% 11.10% 10.21% 8.42% 3.61% 6.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.57 $1.44 $1.24 $1.53 $0.98 $1.66 $1.52 $1.86 $1.46 $1.52 $1.07
Adjusted Weighted Average Basic Shares Outstanding		 606.20M 611.70M 590.90M 582.70M 573.70M 578.70M 561.30M 550.80M 540.20M 547.10M 534.30M
Adjusted Diluted Earnings per Share		 $1.56 $1.43 $1.24 $1.53 $0.98 $1.63 $1.51 $1.86 $1.46 $1.51 $1.07
Adjusted Weighted Average Diluted Shares Outstanding		 610.30M 615.90M 594.80M 585.40M 576.90M 582.10M 564.70M 552.70M 541.80M 549M 535.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 600.19M 590.40M 585.10M 575.73M 568.92M 561.29M 554.43M 543.59M 537.85M 534.78M 533.25M
Normalized Net Operating Profit after Tax (NOPAT)		 1,065 1,175 983 1,151 1,509 1,396 1,125 1,376 1,096 1,018 801
Normalized NOPAT Margin		 21.85% 23.89% 20.13% 22.53% 28.93% 26.59% 21.93% 24.94% 20.83% 19.26% 15.94%
Pre Tax Income Margin		 24.83% 22.43% 18.70% 22.28% 24.37% 22.55% 20.39% 23.42% 18.32% 18.21% 11.80%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.69 0.00 4.50 4.99 4.90 0.00 4.16 4.54 3.28 0.00 2.71
NOPAT to Interest Expense		 4.67 0.00 3.77 4.04 4.63 0.00 3.45 3.76 2.79 0.00 2.54
EBIT Less CapEx to Interest Expense		 4.31 0.00 2.89 3.77 3.67 0.00 3.15 3.23 2.08 0.00 1.93
NOPAT Less CapEx to Interest Expense		 3.30 0.00 2.16 2.82 3.39 0.00 2.44 2.45 1.59 0.00 1.76
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 2.96% 2.88% 3.51% 3.32% 1.92% 1.73% 0.64% 1.06% 12.28% 12.78% 0.00%
Augmented Payout Ratio		 153.00% 157.14% 153.92% 158.31% 179.05% 185.28% 199.51% 214.45% 206.51% 181.81% 117.79%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Fiserv (NASDAQ:FISV) across the last four years of quarterly data, focused on the latest Q4 2025 results and recent trend signals for investors.

  • Revenue growth on the latest quarter: Operating revenue for Q4 2025 was $5.284B, up from $5.251B in Q4 2024, indicating continued top‑line growth.
  • Improved quarterly operating cash flow in 2025: Net cash from continuing operating activities rose through 2025, with Q4 2025 at $1.944B (up from $1.805B in Q3 2025), signaling stronger cash generation.
  • Positive quarterly net income to common shareholders in 2025: Net income attributable to common shareholders remained positive across 2025 quarters (e.g., Q1: $851M, Q2: $1.026B, Q3: $792M, Q4: $811M), underscoring ongoing profitability at the bottom line.
  • Liquidity fairly steady in 2025: Cash & equivalents hovered around $1.0B–$1.3B across 2025 (e.g., Q2 2025: $999M; Q3 2025: $1.068B; Q4 2025 data not shown here), suggesting stable liquidity.
  • Debt level trend: Long‑term debt rose to about $28.9B by Q3 2025 (vs. roughly $27.1B in Q3 2024), indicating increased leverage but within a large, diversified balance sheet.
  • Gross margin declined in Q4 2025: Gross margin fell to about 57% (3.016B gross profit on 5.284B revenue) from roughly 61% (3.232B on 5.251B) in Q4 2024, signaling margin pressure.
  • Operating income declined vs. prior year period: Q4 2025 operating income was about $1.291B vs. roughly $1.668B in Q4 2024, indicating a compression of operating profitability despite higher revenue.
  • Selling, General & Admin expenses rising: SG&A for Q4 2025 was $1.728B, up from $1.564B in Q4 2024, contributing to margin pressure.
  • Year‑over‑year drop in net income to common shareholders in Q4 2025: $811M in Q4 2025 vs. $938M in Q4 2024, suggesting weaker quarterly profitability despite continued revenue growth.
  • Investing cash outlays and negative free cash flow: Net cash from investing activities was negative in Q4 2025 (about −$623M), highlighting ongoing capex and investment activity that weighs on free cash flow.
05/15/26 12:17 PM ETAI Generated. May Contain Errors.

Fiserv Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fiserv's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Fiserv's net income appears to be on an upward trend, with a most recent value of $3.49 billion in 2025, rising from $712 million in 2015. The previous period was $3.18 billion in 2024. View Fiserv's forecast to see where analysts expect Fiserv to go next.

Fiserv's total operating income in 2025 was $5.82 billion, based on the following breakdown:
  • Total Gross Profit: $12.58 billion
  • Total Operating Expenses: $6.76 billion

Over the last 10 years, Fiserv's total revenue changed from $5.25 billion in 2015 to $21.19 billion in 2025, a change of 303.4%.

Fiserv's total liabilities were at $54.32 billion at the end of 2025, a 9.8% increase from 2024, and a 713.2% increase since 2015.

In the past 10 years, Fiserv's cash and equivalents has ranged from $151.74 million in 2023 to $1.24 billion in 2024, and is currently $798 million as of their latest financial filing in 2025.

Over the last 10 years, Fiserv's book value per share changed from 11.64 in 2015 to 47.95 in 2025, a change of 312.0%.


Related Companies

Financial statements for NASDAQ:FISV last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
$30 stock to buy before Starlink goes public (WATCH NOW!)
In the next 3 minutes… James Altucher – legendary investor and venture capitalist… And someone who’s kno...
Paradigm Press | Sponsoredtc pixel
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Why this tiny stock may move before the SpaceX IPO drops
The projected SpaceX and xAI S-1 filing hits the SEC on June 1st - and analyst Dylan Jovine says $1.75 trillio...
Behind the Markets | Sponsoredtc pixel