AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue fell 4% YoY to $5.29B as operating margin nearly halved to 19.2% from 30.7%, driven by weaker high-margin data/analytics and license revenue plus higher One Fiserv transformation and personnel costs.
Biggest Revenue Drivers
Merchant segment$2,608M-1% YoY
Decline driven by lower Argentina anticipation revenue and lower data and analytics sales, partly offset by Small Business volume growth including Clover.
Financial segment$2,355M-8% YoY
Negatively impacted by lower data and analytics sales and license revenue, primarily within Digital Payments and Issuing.
Biggest Revenue Drivers
Total revenue: $5.29B-4% YoY
Merchant segment$2,608M-1% YoY
Decline driven by lower Argentina anticipation revenue and lower data and analytics sales, partly offset by Small Business volume growth including Clover.
Within Merchant segment
Small Business$1,760M-1% YoY
Financial segment$2,355M-8% YoY
Negatively impacted by lower data and analytics sales and license revenue, primarily within Digital Payments and Issuing.
Within Financial segment
Digital Payments$993M-6% YoY
Corporate and Other$329M+3% YoY
Increase due to higher postage revenue.
Largest Expense Items
Cost of processing and services$1,706M+21% YoY
Higher personnel costs, One Fiserv transformation program costs, and increased technology infrastructure/data processing costs.
Selling, general and administrative$1,888M+10% YoY
Higher personnel costs, One Fiserv transformation costs, and higher payments to distribution partners.
Cost of product$689M-1% YoY
As a % of product revenue rose to 68.9% from 57.3% on higher personnel costs and lower high-margin data/analytics sales.
Margins: Operating margin fell to 19.2% from 30.7% YoY, hurt by a decrease in high-margin license and data/analytics revenue combined with higher personnel costs, One Fiserv transformation program spend (~350bps), and increased technology infrastructure/data processing costs.
Watch Items from the Filing
Amended securities fraud complaint (filed June 12, 2026) alleges misleading statements about Clover growth and Argentina's impact on organic growth; Company is also responding to SEC/DOJ inquiries tied to 2025 earnings guidance.
Total expenses rose to 80.8% of revenue from 69.3% YoY, with personnel costs (~580bps) and One Fiserv transformation costs (~350bps) as the largest drags.
$154 million pre-tax gain on early debt extinguishment from a June 2026 tender offer/repurchase of 2027 and 2049 notes boosted quarterly operating income by a non-recurring amount.
Merchant segment anticipation revenue in Argentina, a highly inflationary economy, declined $45 million in the quarter due to lower inflation and interest rates.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
De Castro HenriqueDirectorGrant or award · Sep 30, 2026
Cohen StephanieDirectorGrant or award · Sep 30, 2026
Congress trading in FISV
15 transactions in FISV reported by 7 members of Congress under the STOCK Act, most recent trade Apr 14, 2026. Reported transactions, not recommendations.
About FISERV INC (FISV): stock profile, AI score and financials
FISERV INC (FISV) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FISV at 56.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,172 of 2,925 stocks — the top half of the AI-ranked universe. FISV scores in the top quartile across revenue scale (92.6), earnings quality (80.6). Areas of concern include revenue growth (33.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 42.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), FISERV INC reports quarterly revenue of $5.3B, net income of $627.0M, an operating margin of 19.2%. Top institutional holders of FISV by reported 13-F value include DODGE & COX, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FISV trades on the Nasdaq exchange and files with the SEC under CIK 798354. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FISV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FISERV INC directly from SEC EDGAR.