Fiserv lowered its full-year 2026 guidance after second-quarter adjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 and adjusted revenues of $4.96 billion fell short of the $5.05 billion consensus. Management now expects organic revenue growth of negative 1% to flat, down from a prior range of 1% to 3%, and adjusted earnings per share of $7.20 to $7.40, reduced from $8.00 to $8.30. The adjusted operating margin contracted to 31.8% from 39.6% a year earlier, while GAAP operating margin dropped to 19.2% from 30.7%, reflecting $187 million in One Fiserv transformation expenses, $40 million in severance costs, and $23 million in merger and integration costs. Merchant Solutions revenues declined 1% to $2.61 billion, showing relative resilience compared with an 8% drop in Financial Solutions revenues to $2.36 billion. The company generated $2.08 billion in operating cash flow in the first half of 2026 and repurchased 5 million shares for $300 million, while retiring $1.41 billion of senior notes for $1.23 billion.
Fiserv, Inc.Fiserv cut 2026 guidance and missed Q2 estimates, with margin contraction and lower revenue.
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