Fiserv, Inc. (FISV) Earnings Call Transcripts
Fiserv, Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Fiserv, Inc. reported adjusted revenue of $4.96 billion, a decline of 4% year-over-year, which was in line with expectations. Adjusted earnings per share (EPS) came in at $1.84, reflecting a stable performance amidst challenging macroeconomic conditions, particularly in Argentina. Management updated its full-year guidance for organic revenue growth to a range of minus 1% to flat, citing slower client implementation timelines and increased investments in technology and cybersecurity as key factors influencing this outlook.
Reported metrics
| Metric | Value |
|---|---|
| Adjusted Revenue | $4.96B (miss) |
| Adjusted EPS | $1.84 (beat) |
| Recurring Revenue Growth | 2% (positive) |
| Clover GPV Growth | 9% (positive) |
| Free Cash Flow | $1.1B (positive) |
| Adjusted Operating Margin | 31.8% (negative) |
Guidance from management
Management expects adjusted revenue growth in the second half of 2026 to be approximately 2% year-over-year, with Q3 down low single digits and Q4 up mid-single digits. This reflects a significant reduction from prior guidance due to delays in client implementations and macroeconomic challenges.
What management said
Yes. So when I said we are going to do a holistic review of everything. Obviously, the debit networks will be part of that review as well. We have two debit networks. They are critical to our clients, very important to our business, but that will be part of the review again. I don't want to comment on anything specifically until I have a few more weeks in the job.
Yes. So just a couple of things there. I'll start off with, and then Takis want to add. So as it relates to the lapping, the fourth quarter is the lapping of those pricing foods that we've talked about last year. So we will have that comparative dynamic outside of the fourth quarter on that front. On the yield front, things are stable. If we look at both our yield for the quarter as well as what we expect for the res...
What analysts pressed on
Analysts expressed concerns about the slower pace of client implementations and the impact of macroeconomic conditions in Argentina on revenue growth. There were questions regarding the sustainability of Clover's growth amidst hardware sales headwinds and the overall execution of the new management team's strategy.
Main topics on the call
- Revenue Guidance Update — Management revised its full-year organic revenue growth guidance to a range of minus 1% to flat, down from previous expectations. CEO Takis Georgakopoulos stated, "We are updating our guidance for the second half of the ...
- Clover Performance — Clover GPV grew by 9% and Clover revenues increased by 13% when adjusted for nonrecurring revenue. Paul Todd noted, "Clover revenue growth in the mid-single digits for 2026 is now expected, with trends underlying this vi...
- Investment in Technology — Fiserv announced an incremental investment of over $100 million in technology infrastructure, particularly in cybersecurity and financial solutions. Takis emphasized, "These investments will accelerate our pace of progre...
- Divestitures and Portfolio Review — Management is conducting a detailed review of its portfolio, leading to the divestiture of non-core businesses. Takis stated, "We will evaluate the full range of actions to maximize shareholder value while ensuring we do...
Read the full Fiserv, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Fiserv, Inc.
Fiserv, Inc. (FISV) is a publicly listed company in the Financial Services industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 83 calls on record spanning February 4, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 83 Fiserv, Inc. earnings call transcripts on record, spanning February 4, 2020 to August 6, 2026. Based on this history, Fiserv, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FISV
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Financial Services
- Calls on record
- 83
- First call
- February 4, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly