Wednesday 28 October 2026 Export FISV’s income statement to Excel — free account

Fiserv, Inc.

FISV Technology Information Technology Services

Fiserv, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.2 billion, up 3.60% from fiscal 2024. In the quarter to June 2026, revenue fell 4.06%, EPS fell 37.1%, free cash flow fell 17.0% and total debt fell 5.75%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years; insiders bought in the last twelve months.

47.49 0.84 −1.74%

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Market cap: $25.2B
P/E: 9.1×
Fwd P/E: 10.5×
Dividend yield: —
F-score: 6/9
Altman Z: 1.39
Beneish M: −2.58
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Fiserv, Inc. (FISV) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Merchant Segment	10,140	47.85%
Financial Segment	9,664	45.60%
Other, not broken out	1,389	6.55%
Gross margin		59.36%
Operating margin		27.45%
Pre-tax margin		20.12%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Processing and services revenue	16,879 79.64%	16,637 81.33%	15,630 81.86%	14,460 81.52%	13,307 82.01%	12,215 82.24%	8,573 84.16%	4,975 85.44%	4,833 84.85%
Product revenue	4,314 20.36%	3,819 18.67%	3,463 18.14%	3,277 18.48%	2,919 17.99%	2,637 17.76%	1,614 15.84%	848 14.56%	863 15.15%
Also reported: a second breakdown of the same revenue
Processing	—	—	—	—	11,584 71.39%	10,528 70.89%	6,863 67.37%	3,408 58.53%	—
Hardware, Print, And Card Production	—	—	—	—	1,787 11.01%	1,536 10.34%	832 8.17%	345 5.92%	—
Output Solutions Postage	—	—	—	—	860 5.30%	864 5.82%	572 5.61%	308 5.29%	—
Professional Services	—	—	—	—	779 4.80%	728 4.90%	669 6.57%	577 9.91%	—
Software Maintenance	—	—	—	—	568 3.50%	568 3.82%	588 5.77%	595 10.22%	—
Product and Service, Other	—	—	—	—	350 2.16%	343 2.31%	338 3.32%	277 4.76%	—
License And Termination Fees	—	—	—	—	298 1.84%	285 1.92%	325 3.19%	313 5.38%	—
Revenue	21,193	20,456	19,093	17,737	16,226	14,852	10,187	5,823	5,696

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Processing and services revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Product revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Merchant Segment	10,140 47.85%	9,631 47.08%	8,722 45.68%	7,883 44.44%	—	—	—	—	—	—	—	—	—	—
Financial Segment	9,664 45.60%	9,477 46.33%	9,101 47.67%	8,681 48.94%	—	—	—	—	—	—	—	—	—	—
Payments	—	—	—	—	3,234 56.78%	3,090 56.13%	2,862 54.47%	2,747 54.22%	2,552 53.01%	2,443 55.07%	2,333 54.39%	2,208 53.42%	2,160 52.98%	2,131 46.46%
Financial Institution Services	—	—	—	—	2,530 44.42%	2,477 45.00%	2,443 46.50%	2,367 46.72%	2,309 47.96%	2,040 45.99%	2,004 46.72%	1,951 47.21%	1,942 47.63%	1,992 43.43%
First Data	—	—	—	—	0 0.00%	—	—	—	—	—	—	—	—	—
Corporate Intersegment Eliminations And Reconciling Items	—	—	—	—	—	—	—	—	—	—	(48) (1.12%)	(26) (0.63%)	(25) (0.61%)	(49) (1.07%)
Insurance	—	—	—	—	—	—	—	—	—	—	—	—	—	513 11.18%
Other, not broken out	1,389 6.55%	1,348 6.59%	1,270 6.65%	1,173 6.61%	—	—	—	—	—	—	—	—	—	—
Eliminations	—	—	—	—	(68) (1.19%)	(62) (1.13%)	(51) (0.97%)	(48) (0.95%)	(47) (0.98%)	(47) (1.06%)	—	—	—	—
Revenue	21,193	20,456	19,093	17,737	5,696	5,505	5,254	5,066	4,814	4,436	4,289	4,133	4,077	4,587

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Financial Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Merchant Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Payments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Financial Institution Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
First Data	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Intersegment Eliminations And Reconciling Items	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Insurance	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.