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FISV Fiserv News Story

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Fiserv Q3 adjusted revenue misses expectations, EPS down 11%

Overview

Fiserv Q3 GAAP revenue grows 1% yr/yr, adjusted revenue misses analyst expectations

Adjusted EPS for Q3 decreases 11%, missing analyst expectations

Company acquires CardFree, expands Clover platform in Canada

Outlook

Fiserv expects 2025 organic revenue growth of 3.5% to 4%

Company forecasts 2025 adjusted EPS of $8.50 to $8.60

Fiserv launches One Fiserv plan to enhance client focus

Result Drivers

MERCHANT SOLUTIONS GROWTH - Co reports 5% growth in Merchant Solutions segment, contributing positively to overall revenue

ONE FISERV ACTION PLAN - Co launches plan to enhance client focus and drive sustainable growth, per CEO Mike Lyons

LEADERSHIP CHANGES - Co announces updates to leadership team and board refreshment

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$5.26 bln
Q3 Adjusted RevenueMiss$4.91 bln$5.37 bln (23 Analysts)
Q3 Adjusted EPSMiss$2.04$2.66 (26 Analysts)
Q3 EPS$1.46
Q3 Net Income$799 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the business support services peer group is "buy" Wall Street's median 12-month price target for Fiserv Inc is $170.00, about 25.8% above its October 28 closing price of $126.17 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago Press Release: ID:nBw2z1XFBa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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