Filing Flows › Fiserv (FISV) › Q4 2025
Fiserv (FISV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Fiserv (FISV) reported revenue of $5.3B for the fourth quarter 2025 (Q4 2025), +0.6% from a year earlier and +0.4% from the quarter before. Operating margin was 24.4%, net earnings $811M (15.3% of revenue).
Fiserv, Q4 2025: revenue $5.3B (+0.6% year over year), operating margin 24.4%, net earnings $811M, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | +0.4% | +0.6% |
| Operating profit | $1.3B | -10% | -23% |
| Net earnings | $811M | +2% | -14% |
| Operating cash flow | $1.9B | +8% | -12% |
| Free cash flow | $1.5B | +16% | -18% |
What changed
Revenue was $5.3B in Q4 2025, up 1% year over year and roughly flat from the previous quarter.
Operating profit was $1.3B, a 24.4% margin (down 7.3 points year over year). Operating profit fell $0.38B even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.81B, down 14% year over year. The effective tax rate was 19.9%.
Operating cash flow was $1.9B (down 12% year over year), 239% of net earnings. Non-cash charges added back $0.06B of share-based compensation. Working capital and other items added $1.1B. Capital expenditures of $0.44B left free cash flow of $1.5B.
Questions
What was Fiserv's revenue in the fourth quarter 2025?
Fiserv (FISV) reported revenue of $5.3B for the fourth quarter 2025 (Q4 2025), +0.6% from a year earlier and +0.4% from the quarter before.
Was Fiserv profitable in the fourth quarter 2025?
Operating profit was $1.3B (24.4% of revenue) and net earnings $811M.
Source: Fiserv 10-K on SEC EDGAR.