Q3 25 EPS
$2.04
MISS 23.02%
Est. $2.65
Q3 25 Revenue
$5.26B
Did FISV Beat Earnings? Q3 2025 Results
Fiserv posted a sharply disappointing third quarter, with adjusted earnings per share of $2.04 falling 23.02% short of the $2.65 consensus estimate and declining 11% from the prior year's $2.30, as the payments and financial technology giant grappled… Read more Fiserv posted a sharply disappointing third quarter, with adjusted earnings per share of $2.04 falling 23.02% short of the $2.65 consensus estimate and declining 11% from the prior year's $2.30, as the payments and financial technology giant grappled with surging interest expense, higher SG&A costs, and a stark divergence between its business segments. Revenue grew just 0.9% year over year to $5.26 billion, with organic growth decelerating to 1%, as a 5% organic gain in Merchant Solutions was undercut by a 3% organic decline in Financial Solutions. Higher interest expense, climbing to $422.00 million from $326.00 million, weighed heavily on margins, with adjusted operating margin contracting to 37.0% from 40.2%. New CEO Mike Lyons responded by launching the "One Fiserv" strategic overhaul and resetting full-year 2025 guidance to organic revenue growth of 3.5% to 4% and adjusted EPS of $8.50 to $8.60, a notable step down from prior expectations. October data showing small business sales growth at its slowest pace since February 2025 offered little near-term encouragement.
Key Takeaways
- • Merchant Solutions organic revenue growth of 5% in Q3
- • Financial Solutions organic revenue decline of 3% in Q3
- • Higher interest expense increasing to $422 million from $326 million year over year
- • GAAP operating margin compression to 27.3% from 30.7%
- • Adjusted operating margin decline to 37.0% from 40.2%
FISV YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
FISV Revenue by Segment
With YoY comparisons, source: SEC Filings
“Along with today's guidance reset, we have launched One Fiserv, an action plan focused on the pillars that have long distinguished the company, including great client service, value-added technology solutions and leading innovation.”
— Mike Lyons, Q3 2025 Earnings Press Release
FISV Earnings Trends
FISV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FISV EPS Trend
Earnings per share: estimate vs actual
FISV Revenue Trend
Quarterly revenue: estimate vs actual
FISV Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.58 | $1.79 | +13.49% | $5.03B | +6.30% |
| Q4 25 BEAT FY | $1.91 | $1.99 | +4.17% | $5.28B | +7.55% |
| FY Full Year | $8.60 | $8.64 | +0.50% | $21.19B | +6.53% |
| Q3 25 MISS | $2.65 | $2.04 | -23.02% | $5.26B | — |
| Q2 25 BEAT | $2.43 | $2.47 | +1.65% | $5.52B | — |
| Q1 25 BEAT | $2.08 | $2.14 | +2.88% | $5.13B | — |
| Q4 24 BEAT FY | $2.48 | $2.51 | +1.21% | $5.25B | — |
| FY Full Year | — | $8.80 | — | $20.46B | — |
| Q3 24 BEAT | $2.26 | $2.30 | +1.77% | $5.22B | — |
| Q2 24 BEAT | $2.10 | $2.13 | +1.43% | $5.11B | — |