Fiserv Q2 Earnings Call Highlights Fiserv logo MarketBeat Thu, August 6, 2026 at 7:04 PM GMT+2 7 min read FISV Key Points Interested in Fiserv, Inc.? Here are five stocks we like better. Fiserv lowered its full-year outlook, now expecting organic revenue growth of negative 1% to flat, adjusted revenue to decline 0.5%–1.5%, adjusted operating margin of 31%–31.5%, and adjusted EPS of $7.20–$7.40.
Delayed client implementations, weaker hardware trends, Argentina-related impacts and higher technology spending are weighing on second-half results. Second-quarter adjusted revenue fell 4% to $4.96 billion, while adjusted EPS was $1.84 and free cash flow reached $1.1 billion. Clover remained a growth area, with gross payment volume up 9% and adjusted revenue growth of 11%–13% depending on exclusions.
Fiserv is reviewing its portfolio and investing in its technology infrastructure, including more than $100 million in incremental second-half spending on infrastructure and cybersecurity. The company also plans to divest student loan servicing and managed ATM businesses, pursue at least $500 million in savings through Project Elevate, and use divestiture proceeds for debt reduction and shareholder returns. Fiserv's Debit Network Talks Raise a Bigger Question for Visa and Mastercard Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently assumed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company. → 3 Drone Stocks That Should Soar After the Summer Slump 3 Tech ETFs That Could Bounce Back After the AI Selloff "This unfortunately is a transition year with noise," Georgakopoulos said during the company's earnings call. He said the updated outlook reflects the company's "most accurate assessment" of client timelines and near-term operating conditions, rather than a structural change to its business.
Second-Quarter Results and Segment Performance Total second-quarter adjusted revenue was $4.96 billion, down 4% from a year earlier, while organic revenue declined 5%. Recurring revenue grew 2% and represented 84% of adjusted revenue, according to Chief Financial Officer Paul Todd. Story Continues → Meta's Earnings Drop Shows Wall Street Wants More Than Ad Growth Block's Pivot to Profits and AI Is Turning Heads Adjusted operating income totaled nearly $1.6 billion, producing an adjusted operating margin of 31.8%.
Adjusted earnings per share were $1.84, and free cash flow reached $1.1 billion, representing 112% conversion. Todd said foreign-exchange rates in Latin America reduced adjusted EPS by $0.07 year over year. Fiserv's Merchant Solutions segment reported adjusted and organic revenue declines of 1%.
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