Fiserv Q2 2026 EPS falls 37% as revenue drops 4%; company updates 2026 outlook
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.