Fiserv, Inc.FISV
▼ NegativeCapitalrelevance
Missed revenue and profit estimates, cut full-year guidance, and operating margin dropped sharply.
Impact on stocks 1
Digital Finance & Tokenization
Fiserv, Inc.Fiserv's second quarter earnings call drew sharp analyst questions after the company missed revenue and profit estimates and cut its full-year guidance. Revenue fell 4.5% year over year to $4.96 billion, below the $5.05 billion consensus, while adjusted EPS of $1.84 missed expectations of $1.91. Management lowered full-year adjusted EPS guidance to $7.30 at the midpoint, a 10.4% decrease, and operating margin dropped to 20.5% from 32.6% a year earlier. CEO Takis Georgakopoulos cited macroeconomic headwinds in Argentina, slower client implementations, weaker hardware sales, and flattening small business volumes as key drags. Analysts from JPMorgan, UBS, Wolfe Research, Bernstein, and Wells Fargo pressed executives on whether the issues were structural or timing-related, competitive positioning, portfolio review scope, expense growth, and hardware sales headwinds.
Fiserv, Inc.Missed revenue and profit estimates, cut full-year guidance, and operating margin dropped sharply.