Overview
- Fiserv reported first‑quarter results Tuesday with adjusted EPS of $1.79 topping the $1.57 estimate, while revenue of $4.675 billion missed forecasts and fell from last year.
- Organic revenue, which excludes takeovers and currency moves, declined 4% as Merchant Solutions slipped 1% and Financial Solutions dropped 6%.
- Profitability and cash generation weakened, with the adjusted operating margin down to 29.7% and free cash flow at $259 million versus $371 million a year ago.
- Shares fell roughly 7% to 9% after the release, and Morgan Stanley cut its price target to $64 as other firms also lowered their targets.
- Management reaffirmed 2026 adjusted EPS guidance of $8.00–$8.30 and set May 14 for an Investor Day to outline strategy and medium‑term goals.