Fiserv Reports Mixed Q1 2026 Results, Affirms Full-Year Outlook
Event summary
- Fiserv reported a 2% decrease in GAAP revenue and a 4% decrease in organic revenue for Q1 2026.
- GAAP EPS decreased by 29% while adjusted EPS decreased by 16% compared to Q1 2025.
- The company affirmed its 2026 organic revenue growth outlook of 1% to 3% and adjusted EPS outlook of $8.00 to $8.30.
- Operating margins declined across both Merchant Solutions and Financial Solutions segments.
- Fiserv repurchased 3.3 million shares of common stock for $200 million in Q1 2026.
The big picture
Fiserv's Q1 2026 results reflect ongoing challenges in the financial technology sector, particularly in maintaining revenue growth and operational efficiency. The company's focus on its One Fiserv Action Plan and Project Elevate highlights a strategic shift towards operational excellence enabled by artificial intelligence. The broader industry is experiencing heightened competition and regulatory scrutiny, making Fiserv's ability to execute on its transformation initiatives critical for sustaining market position.
What we're watching
- Revenue Growth
- Whether Fiserv can achieve its affirmed 1% to 3% organic revenue growth for 2026 amid current declines.
- Operational Efficiency
- The pace at which Project Elevate and the One Fiserv Action Plan can improve operational margins.
- Market Position
- How Fiserv's strategic initiatives will position it against competitors in the payments and financial technology sector.
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