Filing Flows › Fiserv (FISV) › Q2 2026 › vs Q1 2026
Fiserv (FISV) Q2 2026 vs Q1 2026 (quarter over quarter)
Fiserv's revenue rose $265M (+5%) from $5.0B in Q1 2026 to $5.3B in Q2 2026. The biggest changes: Processing and services revenue +$222M (+5%); Product revenue +$43.0M (+4%). Operating margin 19.2% against 18.3% (+0.9 pts).
Fiserv, Q2 2026: revenue $5.3B (-4% year over year), operating margin 19.2%, net earnings $630M, operating cash flow $1.5B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.2% | 18.3% | +0.9 pts |
| Net margin | 11.9% | 11.4% | +0.5 pts |
| Free cash flow margin | 18.6% | 2.8% | +15.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Processing and services revenue | $4.3B | $4.1B | $222M | +5% |
| Product revenue | $1.0B | $957M | $43.0M | +4% |
| Revenue | $5.3B | $5.0B | $265M | +5% |
| Operating profit | $1.0B | $918M | $97.0M | +11% |
| Costs & expenses | $4.3B | $4.1B | $168M | +4% |
| Pre-tax earnings | $786M | $597M | $189M | +32% |
| Other expense, net | $229M | $321M | −$92.0M | -29% |
| SG&A | $1.9B | $1.9B | $3.0M | +0.2% |
| Other operating costs | $2.4B | $2.2B | $165M | +7% |
| Net earnings | $630M | $573M | $57.0M | +10% |
| Income tax | $156M | $24.0M | $132M | +550% |
| Share-based compensation | $117M | $118M | −$1.0M | -0.8% |
| Working capital & other | $736M | −$92.0M | $828M | — |
| Operating cash flow | $1.5B | $599M | $884M | +148% |
| Free cash flow (OCF − capex) | $985M | $141M | $844M | +599% |
| Capital expenditures | $498M | $458M | $40.0M | +9% |
Questions
How much did Fiserv's revenue grow quarter over quarter in Q2 2026?
Fiserv's revenue rose $265M (+5%) from $5.0B in Q1 2026 to $5.3B in Q2 2026.
What drove Fiserv's revenue change in Q2 2026?
Processing and services revenue +$222M (+5%); Product revenue +$43.0M (+4%).