Every material Form 8-K Fiserv has filed with the SEC since July 23, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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.
Fiserv President Dhivya Suryadevara resigned for good reason effective July 7, 2026, and will remain a non-executive employee through July 31, 2026 to support an orderly transition. Andrew Gelb and Srini Krish were named interim leaders of the Financial Solutions business effective immediately, which shows the company is moving to fill the gap left by the departure.
Dhivya Suryadevara resigned as President on July 7, 2026, citing good reason under her offer letter and the company's executive severance policy.
Suryadevara stays on as a non-executive employee with current base salary and benefits through July 31, 2026.
Andrew Gelb (EVP and COO, Financial Solutions) and Srini Krish (Head of Technology and Operations, Financial Solutions) were appointed interim leaders effective immediately.
On June 23, 2026, Fiserv completed the issuance of €500 million of 3.750% senior notes due 2030 and €500 million of 4.250% senior notes due 2034, adding €1 billion of new debt. The filing describes the notes' terms but does not state how the proceeds will be used.
€500 million 3.750% notes mature October 15, 2030, with annual interest starting October 15, 2026
€500 million 4.250% notes mature June 23, 2034, with annual interest starting June 23, 2027
Holders can require repurchase at 101% of principal plus accrued interest upon a change of control triggering event
Notes were issued under a 2007 indenture with U.S. Bank Trust Company, National Association, as trustee
Fiserv agreed on June 16, 2026 to sell €500 million of 3.750% notes due 2030 and €500 million of 4.250% notes due 2034 in a public offering, with closing expected June 23, 2026. The filing describes the debt raise as a standard underwriting arrangement, and it does not state how the proceeds will be used.
Total offering of €1 billion across two tranches: €500 million of 3.750% notes due 2030 and €500 million of 4.250% notes due 2034
Underwriting Agreement dated June 16, 2026 with Citigroup Global Markets Limited, J.P. Morgan Securities plc, TD Global Finance unlimited company and Wells Fargo Securities International Limited as representatives
Offering expected to close June 23, 2026, subject to customary closing conditions
Fiserv CEO Michael Lyons resigned on June 12, 2026, effective immediately, to become CEO of Truist Financial Corporation, and he will receive no severance. Takis Georgakopoulos, a Fiserv executive since 2024, was appointed CEO and a board member on June 14, 2026. The company reaffirmed its 2026 outlook, which matters because it indicates no change to the financial targets set on May 5, 2026.
Lyons resigned as CEO and director on June 12, 2026, and will receive only accrued unpaid base salary.
Georgakopoulos, 56, was previously Co-President, Head of Merchant and Technology, and was Chief Operating Officer from April 2025 to December 2025.
His offer letter provides a $1.3 million base salary, a 200% target cash incentive and an annual equity opportunity of $18.6 million, plus a $6 million promotion equity award.
Fiserv reaffirmed 2026 guidance of organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30.
Fiserv reported first-quarter 2026 GAAP revenue of $5.03 billion, down 2% from a year earlier, and GAAP earnings per share of $1.07, down 29%. Adjusted EPS was $1.79, down 16%, and the company reaffirmed its 2026 organic revenue growth outlook of 1% to 3% and adjusted EPS outlook of $8.00 to $8.30. Shareholders see lower quarterly earnings, but the full-year guidance was not cut.
GAAP operating margin was 18.3% versus 27.2% a year earlier; adjusted operating margin was 29.7% versus 37.8%.
Free cash flow was $259 million versus $371 million; net cash from operating activities was $599 million versus $648 million.
GAAP results included a net $254 million income tax benefit from the release of foreign valuation allowances.
The company repurchased 3.3 million shares for $200 million in the quarter and will hold an Investor Day on May 14.
Fiserv reported fourth-quarter and full-year 2025 results, with GAAP revenue up 1% in the quarter to $5.28 billion while adjusted EPS fell 21% to $1.99. The company guided to 2026 organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30, and said the results and outlook are in line with what it outlined in October.
Q4 2025 GAAP revenue rose 1% to $5.28 billion; organic revenue was flat.
Q4 2025 GAAP EPS fell 8% to $1.51; adjusted EPS fell 21% to $1.99.
Full-year 2025 GAAP EPS rose 18% to $6.34; adjusted EPS fell 2% to $8.64.
2026 outlook: organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30; Investor Day set for May 14, 2026.
Fiserv appointed Paul M. Todd as Chief Financial Officer effective October 31, 2025, succeeding Robert W. Hau, who will become Special Advisor. The company also said its common stock and senior notes will move from the NYSE to Nasdaq on or about November 11, 2025, and that two directors, Doyle R. Simons and Kevin M. Warren, will retire from the board effective January 1, 2026.
Paul M. Todd becomes CFO effective October 31, 2025; his offer letter sets a $750,000 annual base salary and a $750,000 cash incentive target.
Dhivya Suryadevara and Takis Georgakopoulos were named Co-Presidents effective December 1, 2025; Suryadevara receives a $2,100,000 cash sign-on payment.
Common stock and notes are expected to stop trading on the NYSE at market close on or about November 10, 2025, and begin trading on Nasdaq as FISV on or about November 11, 2025.
Directors Doyle R. Simons and Kevin M. Warren will retire from the board effective January 1, 2026.
Fiserv reported third-quarter 2025 results, with GAAP revenue up 1% to $5.26 billion and adjusted EPS down 11% to $2.04, while GAAP EPS rose 49% to $1.46 against a prior-year quarter that included a $570 million non-cash impairment charge. The company set 2025 guidance of 3.5% to 4% organic revenue growth and adjusted EPS of $8.50 to $8.60, and CEO Mike Lyons described the outlook as a guidance reset tied to a new One Fiserv action plan. Shareholders also face a leadership change, with Paul Todd named CFO effective October 31, 2025.
Q3 2025 GAAP revenue rose 1% to $5.26 billion; adjusted EPS fell 11% to $2.04 from $2.30
Q3 GAAP EPS was $1.46 versus $0.98; prior-year quarter included a $570 million non-cash impairment charge
2025 outlook: organic revenue growth of 3.5% to 4% and adjusted EPS of $8.50 to $8.60
Paul Todd appointed CFO effective October 31, 2025, succeeding Bob Hau; Takis Georgakopoulos and Dhivya Suryadevara named Co-Presidents effective December 1, 2025
Fiserv said that on August 25, 2025, John Gibbons ceased serving as Co-Head of its Financial Institutions Group and will become a Senior Advisor through February 28, 2026. Andrew Gelb, previously Co-Head alongside Gibbons, will now lead the group alone. The filing describes a routine internal leadership reshuffle and includes no financial results or guidance.
John Gibbons stopped serving as Co-Head of the Financial Institutions Group effective August 25, 2025.
Gibbons is expected to serve as Senior Advisor until February 28, 2026.
Andrew Gelb takes over as Head of the Financial Institutions Group.
Fiserv entered a new $8.0 billion senior unsecured revolving credit agreement on August 12, 2025, with JPMorgan Chase Bank as administrative agent, and terminated its prior $6.0 billion credit agreement at the same time. The facility matures on August 12, 2030, and no amount was drawn as of that date, so the change increases available credit capacity without current borrowing.
New revolving credit facility totals $8.0 billion, with $0 drawn as of August 12, 2025
Facility matures August 12, 2030; prior $6.0 billion facility would have matured June 16, 2027
Borrowings carry variable rates tied to Term SOFR or base rate plus a margin based on Fiserv's long-term debt rating
Covenant limits consolidated indebtedness to no more than 3.75 times EBITDA at each fiscal quarter end
On August 11, 2025, Fiserv completed the issuance of $2 billion in senior notes, split evenly between $1 billion of 4.550% notes due 2031 and $1 billion of 5.250% notes due 2035. The filing adds fixed-rate debt to Fiserv's obligations, and the notes carry a change-of-control repurchase offer at 101% of principal plus accrued interest.
Fiserv agreed on August 4, 2025 to sell $2 billion of senior notes in a public offering, split between $1 billion of 4.550% notes due 2031 and $1 billion of 5.250% notes due 2035. The offering is expected to close on August 11, 2025, subject to customary closing conditions. The filing describes new debt issued to investors, which adds to Fiserv's borrowing obligations.
Underwriting Agreement dated August 4, 2025 with BofA Securities, PNC Capital Markets, Truist Securities and U.S. Bancorp Investments as representatives
$1 billion of 4.550% Senior Notes due 2031 and $1 billion of 5.250% Senior Notes due 2035
Fiserv reported second-quarter 2025 results, with GAAP revenue up 8% to $5.52 billion and GAAP earnings per share up 22% to $1.86. The company refined its 2025 adjusted earnings per share outlook to $10.15 to $10.30, growth of 15% to 17%, and its organic revenue growth outlook to approximately 10%. The filing does not state the prior outlook, so the direction of the guidance change cannot be determined from this document.
Q2 2025 GAAP revenue rose 8% to $5.52 billion; GAAP EPS was $1.86 versus $1.53 a year earlier
Adjusted EPS rose 16% to $2.47 in Q2 2025 versus $2.13 in Q2 2024
2025 adjusted EPS outlook refined to $10.15 to $10.30; organic revenue growth outlook refined to approximately 10%
In Q2 2025 the company repurchased 12.2 million shares of common stock for $2.2 billion
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