Fiserv cuts 2026 outlook as Q2 earnings, revenue miss estimates

Fiserv Inc (NYSE:FI) shares fell much than 3% connected Thursday aft the payments and fiscal exertion institution lowered its 2026 outlook, portion 2nd 4th adjusted net and gross came successful beneath Wall Street expectations.

Fiserv present expects full-year 2026 integrated gross to beryllium betwixt a 1% diminution and flat, compared with its erstwhile forecast for maturation of 1% to 3%.

The institution besides chopped its adjusted net per stock outlook to $7.20 to $7.40 from $8.00 to $8.30 previously.

Fiserv reported adjusted net per stock of $1.84 for the 2nd quarter, beneath Wall Street estimates of $1.89 to $1.92. Adjusted gross was $4.96 billion, down 4% from a twelvemonth earlier and somewhat beneath expectations of astir $5.05 billion.

On a GAAP basis, gross was $5.29 cardinal successful the quarter, besides down 4% twelvemonth implicit year. GAAP net per stock was $1.17, down 37% from the prior-year period.

GAAP gross successful the Merchant Solutions conception declined 1% successful the quarter, portion Financial Solutions gross fell 8%. GAAP operating borderline was 19.2%, compared with 30.7% a twelvemonth earlier. Merchant Solutions operating borderline was 30.0%, down from 34.6%, portion Financial Solutions operating borderline fell to 38.7% from 48.7%.

"Our concern continues to beryllium supported by measurement maturation and beardown positions successful charismatic markets," Fiserv CEO Takis Georgakopoulos said successful a statement.

"Our recurring gross basal is durable, lawsuit request for our strategical platforms remains strong, and we are improving execution, enhancing our exertion and are committed to semipermanent shareholder value."