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Major provider of payment processing, core banking software and merchant acquiring (Clover) technology to banks, credit unions and merchants.
Major provider of payment processing, core banking software and merchant acquiring (Clover) technology to banks, credit unions and merchants.
Banks and credit unions pay for core banking systems on long contracts, running for years, so that side is a steady base. Merchants pay Clover a percentage of each card payment it processes plus software fees, so Clover earns more as merchants sell more. The 2019 merger with First Data made it far larger and added payment processing.
Moat: wide (switching costs, scale, installed base). Core banking software is deeply embedded and costly for banks to replace; Clover has a growing merchant installed base.
Headquarters: Milwaukee, Wisconsin, USA · Founded: 1984 · Employees: 38,000
Size Fiserv (FISV) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $33.4B, the 332nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $62.88 on 6 Nov 2026.
Performance Over six months the shares gained 13.3%, against +14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +19.7%); the operating margin is 19.4% (peer median 22.2%).
Valuation It trades at 1.59× book value against a peer median of 3.89× (cheapest of 6).
Price implies The share price implies a return on equity of about 12.7%; Fiserv delivers -17.0%, so the price asks more than the business earns today.
Credit Fiserv has 22 bonds outstanding ($20.0B), rated BBB by the agencies and trading like BBB at a weighted spread of 114 bp.
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $20.8B | $21.2B | $20.5B | $19.1B | $17.7B |
| Revenue growth | — | +4% | +7% | +8% | — |
| Gross profit | $11.4B | $12.6B | $12.4B | $11.4B | $9.75B |
| EBITDA | $7.31B | $8.87B | $8.97B | $7.78B | $6.88B |
| Net income | -$3.93B | $3.48B | $3.13B | $3.07B | $2.53B |
| Free cash flow | $3.21B | $4.34B | $5.12B | $3.91B | $3.28B |
| Capital expenditure | $1.88B | $1.76B | $1.57B | $1.39B | $1.48B |
| Total debt | $27.2B | $29.8B | $25.6B | $23.9B | $22.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Fiserv FISV | $33.4B | +13% | -2% | -17% | 1.59× | 12.7% |
| Fidelity National Information Services FIS | $14.8B | -33% | +24% | 23% | 1.06× | 9.5% |
| Global Payments GPN | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% |
| Jack Henry & Associates JKHY | $12.1B | +19% | +6% | 24% | 5.92× | 30.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FISV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +36.9% | +7.7% | highest of 6 |
| 6-month return | +13.3% | +14.2% | 3rd lowest of 6 |
| Return on equity | -17.0% | 26.9% | lowest of 6 |
| Price / book | 1.59× | 3.89× | cheapest of 6 |
| ROE the price implies | 12.7% | 36.3% | least demanding of 6 |
| ROE delivered | -17.0% | 25.4% | lowest of 5 |
| Bond spread | 114 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Fiserv FISV | United States | $33.4B | +13% | -2% | -17% | 1.59× | 12.7% | -17.0% |
| Corpay CPAY | United States | $29.9B | +32% | +20% | 30% | 8.44× | 58.6% | 30.4% |
| PayPal PYPL | United States | $49.2B | +31% | +5% | 24% | 2.54× | 24.8% | 23.8% |
| Block XYZ | United States | $51.7B | +14% | +7% | 2% | 2.26× | 36.3% | 2.0% |
| Wise WSE | United States | $13.2B | -23% | +20% | 27% | 5.94× | 61.2% | 26.9% |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 49% | 3.89× | 27.0% | n/a |
Fiserv has 22 bonds outstanding with $20.0B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.55%, a spread of 114 bp over government bonds.