Added to YB: 2026-08-27
Pitch date: 2026-08-20
FISV [neutral]
Fiserv, Inc.
+1.41%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally.
Market Cap
$28.2B
Pitch Price
$51.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.94
P/E
10.15
EV/Sales
2.66
Sector
Financial Services
Category
turnaround
Payments and FinTech Earnings Recap: Q2 2026 - Fiserv, Inc.
FISV (earnings): New CEO Georgakopoulos (post-Lyons surprise exit) cut 2026 guide off May investor-day base: FY organic rev now -0.5% midpoint (down 2.5pts), adj op margin down 250+bps (~8pt decline vs 2024) on weaker Argentina macro, slower conversions/launches, +$100MM tech investment (esp. Financial Solutions). Q2 organic -5% (Merchant -1%, Fin Solutions -8%); Q2 likely bottom but H2 rebound weaker than expected. 2026-29 targets unchanged but off lower base. Positives: Clover vol +11%, LTM FCF conversion >100%, 'dramatic' enterprise pipeline uptick. Risks: recurring rev only +2% vs 4-6% target; further reset questions whether problems fully identified. New CEO signaling portfolio review/exits. Valuation: 7x NTM EPS, slight premium to GPN (6x).
Read full article (1 min)