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Fiserv (FISV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Fiserv (FISV) Q3 2026 earnings results →

Q3 2026 Revenue down 1% year over year to $5.2B · 114¢ of every $1 of revenue lost · operating margin -105.7%

Fiserv made $5.2B in Q3 2026 (-1% Y/Y): Processing and services revenue $4.2B, Product revenue $965M. Operating margin -105.7%, net loss $5.9B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$5.2B
Year over year-1%
Operating margin-105.7%
Net earnings−$5.9B
Operating cash flow$1.0B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Fiserv Q3 2026 revenue breakdown: Sankey diagram of revenue (Processing and services revenue, Product revenue), costs, profit and cash flow
Fiserv Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $5.2B in Q3 2026, down 1% year over year and down 2% from the previous quarter. Processing and services revenue was the largest line at 81% of revenue. Processing and services revenue lost $0.04B year over year (down 1%), 63% of the total change.

Operating costs exceeded revenue by $5.5B, an operating margin of -105.7%. Total costs grew 179% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+326%). The quarter ended with a net loss of $5.9B, after a profit of $0.63B the previous quarter.

Operating cash flow was $1.0B (down 44% year over year). Non-cash charges added back $0.11B of share-based compensation. Working capital and other items added $6.8B. Capital expenditures of $0.48B left free cash flow of $0.53B.

Quarterly history

Fiserv revenue by quarterFiserv revenue by quarter$5.1BQ1 2025$5.5BQ2 2025$5.3BQ3 2025$5.3BQ4 2025$5.0BQ1 2026$5.3BQ2 2026$5.2BQ3 2026
Fiserv net earnings by quarterFiserv net earnings by quarter$851MQ1 2025$1.0BQ2 2025$792MQ3 2025$811MQ4 2025$573MQ1 2026$630MQ2 2026−$5.9BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$5.2B-1%-105.7%−$5.9B$1.0B
Q2 202610-QAug 7, 2026$5.3B-4%19.2%$630M$1.5B
Q1 202610-QMay 6, 2026$5.0B-2%18.3%$573M$599M
Q4 202510-KFeb 19, 2026$5.3B+0.6%24.4%$811M$1.9B
Q3 202510-QOct 30, 2025$5.3B+0.9%27.3%$792M$1.8B
Q2 202510-QJul 24, 2025$5.5B+8%30.7%$1.0B$1.7B
Q1 202510-QApr 25, 2025$5.1B+5%27.2%$851M$648M

Charts

Fiserv: revenue growth, year over year and quarter over quarterFiserv: revenue growth, year over year and quarter over quarterY/YQ/Q+5%Q1 2025+8%+8%Q2 2025+1%-5%Q3 2025+1%+0%Q4 2025-2%-5%Q1 2026-4%+5%Q2 2026-1%-2%Q3 2026
Latest (Q3 2026): Y/Y -1%, Q/Q -2%.
Fiserv: where the cash came from (+) and went (−), TTM to Q3 2026Fiserv: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$5.0BNet borrowing (+) / repaid (−)−$3.5BCapital spending−$1.9BOther financing−$1.6BCash drawn (+) / kept (−)$1.4BOther investing$876MAcquisitions−$451MShares issued$39.0MExchange rates−$26.0MPartners−$10.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Fiserv: profit against cash, quarter by quarterFiserv: profit against cash, quarter by quarterNet incomeOperating cash flow$948M$2.2BQ4 2024$848M$648MQ1 2025$1.0B$1.7BQ2 2025$799M$1.8BQ3 2025$813M$1.9BQ4 2025$573M$599MQ1 2026$630M$1.5BQ2 2026−$5.9B$1.0BQ3 2026
Latest (Q3 2026): Net income −$5.9B, Operating cash flow $1.0B.
Fiserv: diluted shares by fiscal yearFiserv: diluted shares by fiscal year683MFY2020672MFY2021648MFY2022616MFY2023582MFY2024549MFY2025
-19.7% since FY2020: buybacks shrank the count.
Fiserv: long-term debt falling due (FY2025)Fiserv: long-term debt falling due (FY2025)$1.2B2026$2.8B2027$3.9B2028$3.4B2029$6.0B2030$11.8BLater
Cash $798M, short-term investments —, long-term debt — at 2025-12-31.
Fiserv in its industry: growth against margin (87 companies, SIC 7389)Fiserv in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHCTEVXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDFISV (-1%, -100%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Fiserv

Fiserv, Inc. is a leading global provider of payments and financial services technology solutions. We are publicly traded on the NASDAQ Global Select Market and part of the S&P 500 Index. We serve clients around the globe, including merchants, banks, credit unions, other financial institutions, corporate and public sector clients. We help clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover ® cloud-based point-of-sale (“POS”) and business management platform. Most of the products and services we provide are necessary for our clients to operate their businesses and are therefore non-discretionary in nature.

In its own words, from its 10-K, filed Feb 19, 2026.

Fiserv against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +10%. Operating margin: -105.7% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
FISV FiservQ3 2026$5.2B-1%-105.7%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
DASH DoorDashQ3 2026$4.6B+34%9.6%
AMTM Amentum HoldingsQ3 FY26$3.5B-2%4.9%

Source: Fiserv 10-Q on SEC EDGAR · CIK 798354 · Services-Business Services, NEC

Guidance and outlook

Fiserv Tax rate: guidance against what was reportedFiserv Tax rate: guidance against what was reportedguided rangereported (above / within / below)FY202416.8%FY202518.9%FY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Fiserv: what its forward-looking statements are about (10-Q filed 2026-11-04)Fiserv: what its forward-looking statements are about (10-Q filed 2026-11-04)Financing4Demand3Other2People1Margins1Legal & regulation1Buybacks & dividends1
13 statements; tone +0.08 (−1 all cautious, +1 all confident); 0 hedged.
Fiserv: outlook statements against the filing beforeFiserv: outlook statements against the filing beforeNew7Updated1Dropped4Confident2Cautious1

13F: who owns FISV and who is buying

Largest holders of FISV (13F)Largest holders of FISV (13F)Vanguard Group$3.5BDodge & COX$2.5BBlackRock$2.1BVanguard Capital Management LLC$1.6BState Street$1.2BHarris Associates L P$1.1BFirst Eagle Investment Management…$1.1BVanguard Portfolio Management LLC$1.0BCapital World Investors$825MGeode Capital Management, LLC$760M
Funds' net buying of FISV by quarter (13F)Funds' net buying of FISV by quarter (13F)−$649M2024-09−$789M2024-12−$2.2B2025-03−$1.3B2025-06−$238M2025-09−$279M2025-12−$691M2026-03$824M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FISV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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