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Fiserv cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$530M in Q3 2026 · $3.2B over twelve months

Operating cash flow$1.0B
Capital spending−$482M
Free cash flow+$530M

Analysis

In Q3 2026, Fiserv generated $1.0B of operating cash flow and spent $482M on capital projects, leaving free cash flow of $530M. That is $768M less than in Q3 2025 ($1.3B).

Over the twelve months to Sep 30, 2026, operating cash flow was $5.0B; the largest uses were net borrowing (+) / repaid (−) ($3.5B), capital spending ($1.9B), other financing ($1.6B); besides operations, cash came from other investing ($876M), shares issued ($39.0M); the cash balance fell by $1.4B.

Operating cash flow was $1.0B against net income of −$5.9B. The largest differences: impairments +$6.5B, payables −$274M, deferred taxes −$142M.

Free cash flow

Fiserv: free cash flow by quarterFiserv: free cash flow by quarter$1.8BQ4 2024$313MQ1 2025$1.2BQ2 2025$1.3BQ3 2025$1.5BQ4 2025$141MQ1 2026$985MQ2 2026$530MQ3 2026
Operating cash flow less capital spending.
Fiserv: operating cash flow against capital spendingFiserv: operating cash flow against capital spendingOperating cash flowCapital spending$2.2B$399MQ4 2024$648M$335MQ1 2025$1.7B$479MQ2 2025$1.8B$507MQ3 2025$1.9B$442MQ4 2025$599M$458MQ1 2026$1.5B$498MQ2 2026$1.0B$482MQ3 2026
Latest (Q3 2026): Operating cash flow $1.0B, Capital spending $482M.

Capital allocation, year by year

Fiserv: where the cash came from (up) and went (down), by fiscal yearFiserv: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow $4.0BFY2021: Net borrowing $134MFY2021: Shares issued $140MFY2021: Capital spending −$1.2BFY2021: Acquisitions −$848M$4.3BFY2021FY2022: Operating cash flow $4.6BFY2022: Net borrowing −$37.0MFY2022: Shares issued $149MFY2022: Capital spending −$1.5BFY2022: Acquisitions −$988M$4.8BFY2022FY2023: Operating cash flow $5.2BFY2023: Net borrowing $889MFY2023: Shares issued $101MFY2023: Capital spending −$1.4BFY2023: Acquisitions −$13.0M$6.2BFY2023FY2024: Operating cash flow $6.6BFY2024: Net borrowing $1.4BFY2024: Shares issued $97.0MFY2024: Capital spending −$1.6B$8.1BFY2024FY2025: Operating cash flow $6.1BFY2025: Net borrowing $1.8BFY2025: Shares issued $62.0MFY2025: Capital spending −$1.8BFY2025: Acquisitions −$820M$8.0BFY2025
Over these 5 years operating cash flow totalled $26.5B; the largest uses were capital spending ($7.4B) and acquisitions ($2.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$545M
Debt$27.1B
Net debt$26.5B
Due within a year$1.2B

Fiserv funds itself: free cash flow was $3.2B over the last twelve months, and $545M of cash and investments stands against $27.1B of debt ($1.2B due within a year, 0.4× covered by cash).

Fiserv: debt maturities by year (FY2025)Fiserv: debt maturities by year (FY2025)$1.2BYear 1$2.8BYear 2$3.9BYear 3$3.4BYear 4$6.0BYear 5$11.8BAfter year 5
Principal due in each year as disclosed in the annual report, against $545M of cash and investments now.

Where the cash came from and went

Fiserv: sources (+) and uses (−) of cash, Q3 2026Fiserv: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$1.0BNet borrowing (+) / repaid (−)−$693MCash drawn (+) / kept (−)$677MOther financing−$631MCapital spending−$482MOther investing$109MShares issued$8.0M
Fiserv: sources (+) and uses (−) of cash, TTM to Q3 2026Fiserv: sources (+) and uses (−) of cash, 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 profit to cash

Fiserv: net income to operating cash flow, Q3 2026Fiserv: net income to operating cash flow, Q3 2026Net income−$5.9BStock-based pay$110MDeferred taxes−$142MImpairments$6.5BGains on disposals−$102MReceivables$89.0MPayables−$274MDeferred revenue$43.0MContract assets−$68.0MPrepaid and other assets−$64.0MOperating cash flow$1.0B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$1.0B−$482M—−$693M$8.0M$677M$530M
Q2 2026$1.5B−$498M—−$1.3B$10.0M$247M$985M
Q1 2026$599M−$458M—−$117M$12.0M$552M$141M
Q4 2025$1.9B−$442M−$451M−$1.4B$9.0M−$37.0M$1.5B
Q3 2025$1.8B−$507M−$32.0M$326M$16.0M$204M$1.3B
Q2 2025$1.7B−$479M−$21.0M$727M$13.0M$400M$1.2B
Q1 2025$648M−$335M−$316M$2.5B$24.0M−$376M$313M
Q4 2024$2.2B−$399M—−$156M$18.0M$480M$1.8B

Fiserv: income statement and cash flow

Fiserv, Q3 2026: revenue $5.2B (-1% year over year), operating margin -105.7%. The chart follows the revenue to costs, profit and cash.

Fiserv: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.