Fiserv stock holds guidance after $6.45 billion goodwill charge

Fiserv reported its third-quarter results on Tuesday, November 3, 2026, with a sharp gap between GAAP and adjusted performance. The company recorded a $6.45 billion non-cash goodwill impairment, while adjusted earnings per share reached $1.75. The full release is available from Fiserv.

Growth remains uneven across segments

GAAP revenue declined 1% year over year to $5.20 billion. Adjusted revenue also fell 1% to $4.85 billion, while organic revenue was flat. Merchant Solutions posted a 2% organic revenue decline, whereas Financial Solutions grew 2% organically.

The quarter produced a GAAP loss of $11.17 per diluted share, compared with earnings of $1.46 a year earlier. Fiserv said the impairment charge was the principal factor behind the reported loss. Adjusted operating margin was 31.2%, down from 37.0% in the prior-year quarter.

Outlook stays unchanged

Management reaffirmed its 2026 outlook for organic revenue ranging from a 1% decline to flat growth and adjusted earnings per share of $7.20 to $7.40. The company also raised its Project Elevate savings target to $1 billion from $500 million and expects to repurchase $500 million of common stock in the fourth quarter.

Fiserv stock traded at 52.10 euros on Lang & Schwarz at 22:22 CET on Tuesday, November 3, 2026. Investors will weigh the expected return to organic growth in the fourth quarter against continued pressure on margins and cash generation.

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