FISVNasdaqServices-Business Services, NECFiscal year ends December 31
FISERV INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$47.69+0.14 (+0.29%)
Close on Oct 19, 2026
- Market cap
- $25.45B
- P/E (TTM)
- 9.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
27.5%+15.0 pts over 5 years
Net margin
16.4%+10.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.6% | +6.1% | +7.4% | +15.0% | |
| Operating income | -1.0% | +15.9% | +25.7% | +16.1% | |
| Net income | +11.1% | +11.2% | +29.4% | +17.2% | |
| EPS, diluted | +17.8% | +17.5% | +35.3% | +15.5% | |
| Free cash flow | -15.1% | +11.1% | +5.8% | +15.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 35.8% | 2.9% | 13.2% | |
| Return on assets | 9.7% | 1.3% | 4.4% | |
| Current ratio | 0.95 | 1.04 | 1.03 | |
| Debt to equity | 1.80 | 0.64 | 1.12 | |
| Net debt to EBITDA | – | 3.55× | – | |
| Interest coverage | 8.9× | 2.6× | 3.8× | |
| Capex to revenue | 5.3% | 6.1% | 8.3% | |
| Diluted shares | 448M | 683M | 549M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fiserv generated $26.51B from operations and spent $7.36B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$26.51B
Used
$7.36B
Capital expenditure$7.36B100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin16.4%
×Asset turnover0.27×
×Equity multiplier2.98×
=Return on equity, FY202513.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 16.4% | 0.27× | 2.98× | 13.2% |
| FY2024 | 15.3% | 0.24× | 2.95× | 11.0% |
| FY2023 | 16.1% | 0.22× | 2.88× | 10.1% |
| FY2022 | 14.3% | 0.22× | 2.59× | 8.2% |
| FY2021 | 8.2% | 0.22× | 2.38× | 4.2% |
| FY2020 | 6.5% | 0.20× | 2.33× | 2.9% |
| FY2019 | 8.8% | 0.23× | 2.52× | 5.1% |
| FY2018 | 20.4% | 0.54× | 4.29× | 47.3% |
| FY2017 | 21.9% | 0.57× | 3.80× | 47.3% |
| FY2016 | 16.9% | 0.58× | 3.67× | 35.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$3.48B
- Cash generatingOperating cash flow above zero$6.06B
- Return on assets improvedROA up on the prior year3.4% → 4.5%
- Earnings backed by cashOperating cash flow above net income$6.06B vs $3.48B
- Less leverageLong-term debt to assets fell30.7% → 34.6%
- Better liquidityCurrent ratio rose1.06 → 1.03
- No dilutionShare count did not rise582M → 549M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.23 → 0.27