Nov 3, 8:11 AM ET
Fiserv reported third quarter 2026 GAAP revenue of $5.20 billion, down 1% year-over-year, alongside a GAAP loss per share of $(11.17) driven by a $6.45 billion non-cash goodwill impairment charge. Despite the GAAP loss, the company affirmed its full-year 2026 organic revenue and adjusted EPS outlook, raised its Project Elevate savings target, and announced plans for $500 million in share repurchases in the fourth quarter.
- GAAP revenue was $5.20 billion in the third quarter of 2026, a decrease of 1% year-over-year, with a GAAP loss per share of $(11.17).
- Adjusted earnings per share was $1.75 for the third quarter of 2026.
- The company recorded a non-cash goodwill impairment charge of $6.45 billion in the third quarter of 2026.
- Project Elevate savings target was raised to $1 billion, and the company expects to repurchase $500 million of shares in the fourth quarter of 2026.
Read the filing on SEC.gov ↗
Oct 23, 8:09 AM ET
Fiserv appointed Raj Seshadri, a former Mastercard executive, to its board effective November 30, 2026, and the board determined she is independent. Director Henrique De Castro told the company he will not stand for re-election at the 2027 annual shareholder meeting, but he will serve until then.
- Raj Seshadri appointed to the board effective November 30, 2026; board deems her independent
- Seshadri, age 61, was most recently Senior Strategic Advisor to the CEO of Mastercard since August 2026
- Henrique De Castro will not stand for re-election at the 2027 annual shareholder meeting and remains a director until then
- De Castro's decision is not tied to any disagreement with management, according to the filing
Read the filing on SEC.gov ↗
Sep 22, 8:00 AM ET
Fiserv's Chief Administrative Officer and Chief Legal Officer, Adam L. Rosman, resigned on September 16, 2026, effective September 30, 2026. General Counsel and Secretary Eric C. Nelson will succeed him as Chief Legal Officer on October 1, 2026. The filing does not describe the reason for the departure or any financial effect.
- Adam L. Rosman resigned as Chief Administrative Officer and Chief Legal Officer on September 16, 2026, effective September 30, 2026
- Eric C. Nelson, current General Counsel and Secretary, becomes Chief Legal Officer on October 1, 2026
- The filing does not state a reason for the resignation or name a successor for the Chief Administrative Officer role
Read the filing on SEC.gov ↗
Aug 6, 7:15 AM ET
Fiserv reported second-quarter 2026 GAAP revenue of $5.29 billion, down 4% from a year earlier, and GAAP earnings per share of $1.17, down 37%. Adjusted EPS was $1.84, down 26%, and the company updated its 2026 outlook to organic revenue growth of (1%) to 0% and adjusted EPS of $7.20 to $7.40. Shareholders face lower reported profit and a weaker revenue trend, with transformation costs and lower margins weighing on results.
- Q2 2026 GAAP operating margin was 19.2%, compared with 30.7% in Q2 2025; adjusted operating margin was 31.8%, compared with 39.6%.
- Financial Solutions revenue fell 8% in Q2 2026 and Merchant Solutions revenue fell 1%, per the filing.
- 2026 adjusted EPS outlook is $7.20 to $7.40, with organic revenue outlook of (1%) to 0%.
- The company repurchased 1.7 million shares for $100 million in Q2 2026 and retired $1.41 billion of senior notes principal through a tender offer and open market repurchases.
Read the filing on SEC.gov ↗
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