TLDR
- Fiserv cut its 2026 adjusted EPS outlook to $7.20-$7.40, down from $8.00-$8.30.
- Organic revenue growth guidance revised to negative 1% to flat, from positive 1% to 3%.
- Both merchant-solutions and financial-solutions segments missed Q2 revenue expectations.
- The stock fell around 12% in premarket trading and is down roughly 60% over the past 12 months.
- Seaport Research analyst Jeff Cantwell called the results “strike twelve” for the company.
Fiserv stock was trading around $51 a share Thursday, down nearly 6% on the day, after the company cut its full-year earnings and revenue outlook. In premarket trading, the stock had fallen as much as 12%.
The stock is now down roughly 60% over the past 12 months, and has lost 19% so far in 2026 alone.
Fiserv lowered its 2026 adjusted earnings per share forecast to a range of $7.20 to $7.40. The previous outlook was $8.00 to $8.30. That is a cut of more than 10% at the midpoint.
FISERV $FISV Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $5.3B (Est. $5.04B) 🟢; -4% YoY
🔹 Adj. EPS: $1.84 (Est. $1.91) 🔴; -26% YoY
🔹 Organic Revenue: $5.0B; -5% YoYFY26 Guide:
🔹 Adj. EPS: $7.20-$7.40 (Est. $8.10) 🔴
🔹 Organic Revenue: -1%-0%Segment Net Revenue:
🔹 Merchant… pic.twitter.com/MGgab1h0Y4— Wall St Engine (@wallstengine) August 6, 2026
On revenue, the company now expects organic growth to come in between negative 1% and flat for the full year. The prior guidance called for growth of 1% to 3%.
Executives pointed to weak economic conditions in Argentina and softer hardware sales to merchants as factors that hurt results.
Both Segments Miss
The merchant-solutions segment brought in $2.61 billion in Q2 revenue, down from $2.64 billion a year ago and below the $2.66 billion analyst consensus.
The financial-solutions segment posted $2.36 billion, compared to $2.55 billion in the same period last year. Analysts had been expecting $2.39 billion.
Both misses in the same quarter added to investor concerns about the breadth of the problems at the company.
Seaport Research analyst Jeff Cantwell did not hold back. He called the results “strike twelve” for Fiserv and described it as another “miss and reset.”
“This one seems fairly broad-based, with both segments missing expectations this quarter, and then the across-the-board reductions in the full-year guidance,” Cantwell wrote.
“Our view is there’s not much for investors to be hanging onto here” in the near term, he added.
Management Stays Upbeat
CEO Takis Georgakopoulos, who took over the top role in June following Mike Lyons’ departure to Truist Financial, said the business continues to be supported by volume growth and strong market positions.
CFO Paul Todd said Fiserv was “adjusting” the 2026 forecast but maintained the company’s medium-term growth targets.
This is not the first time Fiserv has disappointed. The company made a similar dramatic cut to growth expectations in 2025, which sent the stock down 67% that year.
Fiserv stock closed at $52.30 on Wednesday before Thursday’s drop.
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