Filing Flows › Fiserv (FISV) › Q2 2026 › vs Q2 2025
Fiserv (FISV) Q2 2026 vs Q2 2025 (year over year)
Fiserv's revenue fell $224M (-4%) from $5.5B in Q2 2025 to $5.3B in Q2 2026. The biggest changes: Product revenue −$212M (-17%); Processing and services revenue −$12.0M (-0.3%). Operating margin 19.2% against 30.7% (-11.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.2% | 30.7% | -11.6 pts |
| Net margin | 11.9% | 18.7% | -6.8 pts |
| Free cash flow margin | 18.6% | 21.5% | -2.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Processing and services revenue | $4.3B | $4.3B | −$12.0M | -0.3% |
| Product revenue | $1.0B | $1.2B | −$212M | -17% |
| Revenue | $5.3B | $5.5B | −$224M | -4% |
| Operating profit | $1.0B | $1.7B | −$681M | -40% |
| Costs & expenses | $4.3B | $3.8B | $457M | +12% |
| Pre-tax earnings | $786M | $1.3B | −$490M | -38% |
| Other expense, net | $229M | $420M | −$191M | -45% |
| SG&A | $1.9B | $1.7B | $177M | +10% |
| Other operating costs | $2.4B | $2.1B | $280M | +13% |
| Net earnings | $630M | $1.0B | −$400M | -39% |
| Income tax | $156M | $246M | −$90.0M | -37% |
| Share-based compensation | $117M | $91.0M | $26.0M | +29% |
| Working capital & other | $736M | $544M | $192M | +35% |
| Operating cash flow | $1.5B | $1.7B | −$182M | -11% |
| Free cash flow (OCF − capex) | $985M | $1.2B | −$201M | -17% |
| Capital expenditures | $498M | $479M | $19.0M | +4% |
Questions
How much did Fiserv's revenue grow year over year in Q2 2026?
Fiserv's revenue fell $224M (-4%) from $5.5B in Q2 2025 to $5.3B in Q2 2026.
What drove Fiserv's revenue change in Q2 2026?
Product revenue −$212M (-17%); Processing and services revenue −$12.0M (-0.3%).