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How Fiserv (FISV) makes money

Fiserv (FISV) made $5.2B of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Processing and services revenue brought in $4.2B (81%); Product revenue brought in $965M (19%).

Drawing the Sankey…

Fiserv revenue by segment, Q3 2026Fiserv revenue by segment, Q3 2026Processing and services revenue$4.2BProduct revenue$965M
Fiserv: revenue by line, Q1 2025 to Q3 2026Fiserv: revenue by line, Q1 2025 to Q3 2026Processing and servic…Product revenueProcessing and services revenue: $4.2B latest$4.2BProduct revenue: $965M latest$965MQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Processing and services revenue went from 79% of revenue in Q1 2025 to 81% in Q3 2026, the largest shift in the mix.
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: where each dollar of revenue goesFiserv: where each dollar of revenue goesIncome tax3¢Operating cash flow19¢Free cash flow10¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Processing and services revenue$4.2B81.4%-1%-1%
Product revenue$965M18.6%-4%-3%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$5.2B100.0%
Income tax$137M2.6%
Operating cash flow$1.0B19.5%
Free cash flow$530M10.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$5.2B-1%
Q2 2026$5.3B-4%
Q1 2026$5.0B-2%
Q4 2025$5.3B+0.6%
Q3 2025$5.3B+0.9%
Q2 2025$5.5B+8%
Q1 2025$5.1B+5%

From Fiserv's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Fiserv make money?

Fiserv (FISV) made $5.2B of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Processing and services revenue brought in $4.2B (81%); Product revenue brought in $965M (19%).

What is Fiserv's biggest business?

Processing and services revenue: $4.2B in the third quarter 2026, 81% of revenue, -1% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.