Fiserv stock holds 2026 outlook after $6.45 billion charge

Fiserv reported its third-quarter results on Tuesday, November 3, with flat organic revenue and lower adjusted earnings. The company kept its full-year outlook, raised its Project Elevate savings target and said it plans to resume share repurchases.

According to the Fiserv release, GAAP revenue fell 1% year over year to 5.20 billion US dollars in the quarter. Organic revenue was flat overall, with a 2% decline in Merchant Solutions and 2% growth in Financial Solutions. Adjusted earnings per share came to 1.75 US dollars, compared with 2.04 US dollars a year earlier.

Goodwill charge distorts GAAP results

A non-cash goodwill impairment of 6.45 billion US dollars pushed GAAP earnings per share to a loss of 11.17 US dollars. Fiserv said the charge followed sustained decreases in its share price and market capitalization. Adjusted operating margin declined to 31.2% from 37.0% in the year-earlier quarter, showing that operating pressure extended beyond the impairment.

Management said the business is progressing through its One Fiserv transformation. The company raised its projected Project Elevate savings to 1 billion US dollars from 500 million US dollars after a portfolio review identified additional efficiencies. Fiserv also completed the sale of its student loan servicing business and formed the MoneyPass Group joint venture while retaining a minority interest.

Outlook remains tied to recovery

Fiserv continues to expect 2026 organic revenue between a 1% decline and zero growth, with adjusted earnings per share of 7.20 to 7.40 US dollars. Management expects second-half initiatives to support revenue acceleration in the fourth quarter and plans to repurchase 500 million US dollars of common stock during that period.

Fiserv stock traded at 56.00 euros on Lang & Schwarz at 22:34 CET on Friday, November 6. Investors can follow the real-time quote of Fiserv stock.

US equity markets remain focused on earnings quality, cash generation and the path to renewed growth; see current S&P 500 market coverage.

For further company-specific developments, see more news and analyses on Fiserv stock.