Fiserv, Inc.
Financial Performance
Fiserv Revenue & Financials
Revenue
$21.2B (FY2025)
Market Cap
$25B
Net Income
$3.5B
Employees
38,000
What is Fiserv's revenue?
Fiserv had $21.2B in revenue for fiscal year 2025, up 3.6% from 2024. Net income was $3.5B.
- Latest revenue
- $21.2B (FY2025)
- Year-over-year
- +3.6%
- Growth rate (CAGR)
- 16.2% over 9 years
- Peak revenue
- $21.2B (FY2025)
- Years of data
- 10
- Employees
- 38,000
- What is Fiserv's operating income?
- Fiserv reported operating income of $5.8B for fiscal year 2025. sec.gov
- How many employees does Fiserv have?
- Fiserv has about 38,000 employees.
Financial Analysis
Fiserv's revenue climbed from $5.8 billion in 2018 to $10.2 billion in 2019 after the First Data deal and reached $21.19 billion in 2025, with GAAP EPS of $6.34. Adjusted revenue was $19.8 billion in 2025 and free cash flow was $4.44 billion. The trajectory then turned: in Q2 2026 GAAP revenue fell 4% to $5.29 billion, GAAP EPS dropped 37% to $1.17 and adjusted EPS fell to $1.84, although free cash flow stayed at $1.1 billion for the quarter. Management now expects 2026 organic revenue between -1% and flat. Fiserv, Inc. is a monumental global provider of financial services technology, commanding a market valuation that frequently exceeds $90 billion.
Revenue Trend Analysis
YoY Change
+3.6%
9-Year CAGR
+16.2%
Peak Year
2025
Trend
Consistent Growth
Fiserv, Inc. has 10 full fiscal year figures on this page, compounding at +16.2% annually over 9 years. The most recent year saw a 3.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $21.2B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Fiserv, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $6.1B | $1.8B | $80.1B | $54.3B | $25.8B | $4.3B | Form 10-K |
| FY2024ended Dec 31, 2024 | $6.6B | $1.6B | $77.2B | $49.5B | $27.1B | $5.1B | Form 10-K |
| FY2023ended Dec 31, 2023 | $5.2B | $1.4B | $90.9B | $60.2B | $29.9B | $3.8B | Form 10-K |
| FY2022ended Dec 31, 2022 | $4.6B | $1.5B | $83.9B | $52.2B | $30.8B | $3.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $4B | $1.2B | $76.2B | $44.3B | $31B | $2.9B | Form 10-K |
| FY2020ended Dec 31, 2020 | $4.1B | $900M | $74.6B | $41.3B | $32.3B | $3.2B | Form 10-K |
| FY2019ended Dec 31, 2019 | $2.8B | $721M | $77.5B | $42.7B | $33B | $2.1B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.6B | $360M | $11.3B | $9B | $2.3B | $1.2B | Form 10-K |
| FY2017ended Dec 31, 2017 | — | $287M | $10.3B | $7.6B | $2.7B | — | Form 10-K |
| FY2016ended Dec 31, 2016 | — | $290M | $9.7B | $7.2B | $2.5B | — | Form 10-K |
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Fiserv Revenue and Financial FAQ
What was Fiserv's revenue in 2025?
Fiserv reported 2025 GAAP revenue of $21.19 billion, up 4%, with Merchant Solutions up 5% and Financial Solutions up 2%. Adjusted revenue was $19.8 billion.
How much profit does Fiserv make?
Fiserv earned about $3.48 billion of net income in 2025, or $6.34 per share on a GAAP basis. Adjusted EPS was $8.64.
How much free cash flow does Fiserv generate?
Fiserv generated $4.44 billion of free cash flow in 2025 and $1.1 billion in Q2 2026.
What were Fiserv's Q2 2026 results?
GAAP revenue fell 4% to $5.29 billion, GAAP EPS fell 37% to $1.17, and adjusted EPS was $1.84.
What is Fiserv's 2026 guidance?
In August 2026 Fiserv guided to 2026 organic revenue of -1% to flat and adjusted EPS of $7.20 to $7.40, down from $8.00 to $8.30 earlier in the year.
What are Fiserv's medium-term targets?
At its May 2026 Investor Day, Fiserv targeted 4% to 6% revenue growth, more than $12 of adjusted EPS by 2029 and over $13.5 billion of free cash flow from 2027 to 2029.
What is Fiserv's market cap?
Fiserv's market capitalization was roughly $25 billion in late September 2026, after its shares fell about 65% in 2025 and declined further in 2026.
Is Fiserv profitable?
Massively. Wall Street loves Fiserv because their revenue is incredibly "sticky." A regional bank will almost never change its core processing software because the risk of accidentally deleting customer accounts during a software migration is too high. This guarantees Fiserv massive, highly predictable recurring revenue for decades.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Fiserv Revenue & Financials." CorpDigest, https://corpdigest.com/company/fiserv/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Fiserv reported $21.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/fiserv/financials" target="_blank" rel="noopener">CorpDigest — Fiserv financials</a></div>Related Financial Audits
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