Fiserv on track for sharpest drop on record after FY forecast slash, leadership change

Fiserv

29/10/2025 14:16

Updates

** Shares of payments firm Fiserv FI.N slide 44.06% to $70.92

** Stock hits lowest in nearly seven years, on track for biggest one-day percentage drop on record

** Co lowers FY revenue forecast; expects organic revenue growth of 3.5% to 4%, compared with its prior forecast of 10%

** Expects adj. EPS between $8.50 and $8.60 for 2025, down from its earlier forecast of $10.15 to $10.30

** FI misses analysts estimates on Q3 revenue and profit

** Separately, co appointed Paul Todd as CFO, effective October 31, and announced transfer of its listing to Nasdaq

** 29 of 36 brokerages rate stock "buy" or higher, six "hold" and one "sell"; their median PT is $170 - data compiled by LSEG

** FI was down 65.60% YTD, including session's move

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))