olivLaw · US equity research
Fiserv, Inc. FISV
Services-Business Services, NEC · SIC 7389 · Vertical: Services-Business Services, NEC (SIC 7389)
Fiserv, Inc. (FISV) is a global provider of payments and financial services technology, active in three areas: processing for banks, payments for merchants and the Clover platform. Total revenue in fiscal 2025 was 21.2 billion USD, yet GAAP revenue fell 3% in the first six months of 2026. In August 2026 the company updated its 2026 organic revenue outlook to a range of -1% to 0%.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Fiserv, Inc. (FISV) stock was 62.05 USD (+6.25% on the day), with market capitalisation 33.0 bn USD, beta 0.66, 52-week range 44.36–69.85 USD. Latest reported quarter (Q3 2026): revenue of 5.2 bn USD (−1.3% YoY), net income of -5.9 bn USD (−850.1% YoY), diluted EPS -11.17 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 81.6
- overbought (≥ 70)
- Bollinger (20, 2)
- 41.13 – 57.32
- above the upper band · %B 1.29 · band width 32.9%
- SMA 50 / 200
- 48.93 / 54.58
- mixed trend
- MACD (12, 26, 9)
- 2.14 / 0.72
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +34.5% | −1.1% | +35.6 pp | — |
| 3 months | +14.7% | −0.5% | +15.1 pp | — |
| 6 months | +10.6% | +4.4% | +6.2 pp | — |
| Year to date | −7.6% | +12.3% | −19.9 pp | — |
| 1 year | −3.7% | +13.5% | −17.3 pp | +1.3% |
| 3 years | −48.1% | +76.4% | −124.5 pp | +15.6% |
| 5 years | −38.2% | +63.7% | −101.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.3 bn | 5.1 bn | 5.5 bn | 5.3 bn | 5.3 bn | 5.0 bn | 5.3 bn | 5.2 bn |
| SG&A | 1.6 bn | 1.7 bn | 1.7 bn | 1.8 bn | 1.7 bn | 1.9 bn | 1.9 bn | 1.9 bn |
| Operating income | 1.7 bn | 1.4 bn | 1.7 bn | 1.4 bn | 1.3 bn | 918.0 m | 1.0 bn | -5.5 bn |
| Interest expense | 334.0 m | 339.0 m | 376.0 m | 432.0 m | 384.0 m | 361.0 m | 376.0 m | 344.0 m |
| Pre-tax income | 1.2 bn | 1.0 bn | 1.3 bn | 964.0 m | 962.0 m | 593.0 m | 775.0 m | -5.8 bn |
| Income tax | 193.0 m | 190.0 m | 246.0 m | 173.0 m | 202.0 m | 24.0 m | 156.0 m | 137.0 m |
| Net income | 938.0 m | 851.0 m | 1.0 bn | 792.0 m | 811.0 m | 571.0 m | 627.0 m | -5.9 bn |
| Diluted EPS | 1.64 ≈ | 1.51 | 1.86 | 1.46 | 1.51 ≈ | 1.07 | 1.17 | -11.17 |
| Operating cash flow | 2.2 bn | 648.0 m | 1.7 bn ≈ | 1.8 bn ≈ | 1.9 bn | 599.0 m | 1.5 bn ≈ | 1.0 bn ≈ |
| Capex | 399.0 m | 335.0 m | 479.0 m ≈ | 507.0 m ≈ | 442.0 m | 458.0 m | 498.0 m ≈ | 482.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | ⚠ 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.8 bn | 10.2 bn | 14.9 bn | 16.2 bn | 17.7 bn | 19.1 bn | 20.5 bn | 21.2 bn |
| Revenue YoY | +2.2% | +74.9% | — | +9.3% | +9.3% | +7.6% | +7.1% | +3.6% |
| Net income | 1.2 bn | 893.0 m | 958.0 m | 1.3 bn | 2.5 bn | 3.1 bn | 3.1 bn | 3.5 bn |
| Net income YoY | −4.7% | −24.8% | — | +39.2% | +89.7% | +21.3% | +2.1% | +11.1% |
| Diluted EPS | 2.87 | 1.71 | 1.40 | 1.99 | 3.91 | 4.98 | 5.38 | 6.34 |
| Diluted EPS YoY | −0.7% | −40.4% | — | +42.1% | +96.5% | +27.4% | +8.0% | +17.8% |
| net % | 20.4% | 8.8% | 6.5% | 8.2% | 14.3% | 16.1% | 15.3% | 16.4% |
| Free cash flow | 1.2 bn | 2.1 bn | 3.2 bn | 2.9 bn | 3.1 bn | 3.8 bn | 5.1 bn | 4.3 bn |
The series breaks before 2020: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 798.0 m USD
- Financial debt
- 1.2 bn USD
- Net debt
- 441.0 m USD
- Equity
- 25.8 bn USD
- Total assets
- 80.1 bn USD
- Debt / equity
- 0.05x
- Current ratio
- 1.03x
- ROE
- 13.0%
- ROA
- 4.4%
- FCF margin
- 20.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 14.9 bn | 16.2 bn | 17.7 bn | 19.1 bn | 20.5 bn | 21.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| SG&A | 5.7 bn | 5.8 bn | 6.1 bn | 6.6 bn | 6.6 bn | 6.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Operating income | 1.9 bn | 2.3 bn | 3.7 bn | 5.0 bn | 5.9 bn | 5.8 bn | SEC (XBRL)· 19 Feb 2026verified |
| Depreciation & amortisation | 3.3 bn | 3.2 bn | 3.2 bn | 3.2 bn | — | — | SEC (XBRL)· 22 Feb 2024verified |
| EBITDA | 5.1 bn ≈ | 5.5 bn ≈ | 7.0 bn ≈ | 8.2 bn ≈ | — | — | SEC (XBRL)· 22 Feb 2024derived |
| Interest expense | 716.0 m | 696.0 m | 746.0 m | 1.0 bn | 1.2 bn | 1.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Pre-tax income | 1.2 bn | 1.7 bn | 2.9 bn | 3.9 bn | 4.5 bn | 4.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Income tax | 196.0 m | 363.0 m | 551.0 m | 754.0 m | 641.0 m | 811.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Net income | 958.0 m | 1.3 bn | 2.5 bn | 3.1 bn | 3.1 bn | 3.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Diluted EPS | 1.40 | 1.99 | 3.91 | 4.98 | 5.38 | 6.34 | SEC (XBRL)· 19 Feb 2026verified |
| Weighted average diluted shares | 683.4 m | 671.6 m | 647.9 m | 615.9 m | 582.1 m | 549.0 m | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 906.0 m | 835.0 m | 902.0 m | 1.2 bn | 1.2 bn | 798.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Receivables | 2.5 bn | 2.9 bn | 3.6 bn | 3.6 bn | 3.7 bn | 4.0 bn | SEC (XBRL)· 19 Feb 2026verified |
| Current assets | 16.2 bn | 18.9 bn | 27.5 bn | 34.8 bn | 23.5 bn | 24.7 bn | SEC (XBRL)· 19 Feb 2026verified |
| Property, plant & equipment, net | 1.6 bn | 1.7 bn | 2.0 bn | 2.2 bn | 2.4 bn | 3.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Goodwill | 36.3 bn | 36.4 bn | 36.8 bn | 37.2 bn | 36.6 bn | 37.7 bn | SEC (XBRL)· 19 Feb 2026verified |
| Intangibles (excl. goodwill) | 15.4 bn | 14.0 bn | 12.4 bn | 11.2 bn | 9.9 bn | 10.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| Total assets | 74.6 bn | 76.2 bn | 83.9 bn | 90.9 bn | 77.2 bn | 80.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Accounts payable | 437.0 m | 593.0 m | 652.0 m | 449.0 m | 511.0 m | 797.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Short-term debt | 384.0 m | 508.0 m | 468.0 m | 755.0 m | 1.1 bn | 1.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| Current liabilities | 15.6 bn | 18.3 bn | 26.5 bn | 33.6 bn | 22.2 bn | 23.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Total liabilities | 41.3 bn | 44.3 bn | 52.2 bn | 60.2 bn | 49.5 bn | 54.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Equity | 33.1 bn | 31.7 bn | 31.5 bn | 30.5 bn | 27.7 bn | 25.8 bn | SEC (XBRL)· 19 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 4.1 bn | 4.0 bn | 4.6 bn | 5.2 bn | 6.6 bn | 6.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Capex | 900.0 m | 1.2 bn | 1.5 bn | 1.4 bn | 1.6 bn | 1.8 bn | SEC (XBRL)· 19 Feb 2026verified |
| Free cash flow | 3.2 bn ≈ | 2.9 bn ≈ | 3.1 bn ≈ | 3.8 bn ≈ | 5.1 bn ≈ | 4.3 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Investing cash flow | -341.0 m | -1.6 bn | -2.1 bn | -1.1 bn | -2.4 bn | -2.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Financing cash flow | -3.4 bn | -1.7 bn | -2.5 bn | -4.4 bn | -4.2 bn | -3.8 bn | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 33.0 bn USD
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 113.08 – 174.19 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)113.08 – 174.19 (Mid 136.78)WACC 9.1% · starting FCFF 4.4 bn USD · terminal value share of EV 73%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -24.9%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -8.1% | 0 (vs peers) | 20% |
| Net margin · Quality | -18.9% | 0 (vs peers) | 12% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 6.1% | 51 (on a fixed band) | 16% |
| EPS CAGR 3Y · Growth | 17.5% | 100 (on a fixed band) | 16% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -1.5x | 0 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.0x | 20 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 9.6% | 100 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet8/100 · 2/3 factors with a value
- Growth75/100 · 2/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FISERV, INC. (FISV). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 21.2 bn USD in 2025; YoY growth 3.6%; net margin -18.9%; ROE -17.0%.
The estimated value range is 113.08–174.19 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 136.78 USD, the price of 62.05 USD leaves a potential of 120.4% (value / price − 1) and a margin of safety of 54.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EPS CAGR 3Y: 17.5%
- FCF yield: 9.6%
- The price is below the estimated value range
What contradicts it
- ROIC: -8.1%
- Net margin: -18.9%
- Interest coverage: -1.5x
- Current ratio: 1.0x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Services-Business Services, NEC (SIC 7389) · same industry (4-digit SIC) · compared with 14 companies
Only companies with a capitalisation between 3.4 bn and 216.2 bn (within 8× of the company's); 85 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| UBERUber Technologies, Inc. | 142.7 bn | 41.3 | 12.4% | 6.1% | +18.3% | −20% / +24% |
| MELIMercadoLibre, Inc. | 88.2 bn | 47.3 | 27.5% | 5.3% | +39.1% | −16% / +7% |
| EBAYeBay Inc. | 54.9 bn | 27.2 | 46.6% | 16.9% | +7.9% | +51% / +205% |
| PYPLPayPal Holdings, Inc. | 50.0 bn | 11.5 | 23.8% | 13.8% | +4.3% | −4% / +4% |
| MSCIMsci Inc. | 48.2 bn | 35.7 | — | 40.3% | +9.7% | +20% / +29% |
| FISVFiserv, Inc. | 33.0 bn | — | -17.0% | -18.9% | +3.6% | −4% / −48% |
| CPAYCorpay, Inc | 27.5 bn | 25.4 | 30.5% | 22.7% | +13.9% | +42% / +74% |
| GPNGlobal Payments Inc. | 25.4 bn | — | -4.1% | -9.1% | −0.4% | +27% / −17% |
| BRBroadridge Financial Solutions, Inc. | 21.4 bn | 20.9 | 40.2% | 13.9% | +8.5% | −17% / −2% |
| RBARB Global, Inc | 17.6 bn | 39.9 | 8.8% | 10.0% | +7.2% | −3% / +49% |
| FISFidelity National Information Services, Inc. | 15.3 bn | 4.4 | 23.0% | 26.8% | +5.4% | −55% / −49% |
| FICOFair Isaac Corp | 15.1 bn | 20.3 | — | 34.1% | +15.9% | −61% / −36% |
| VVisa Inc. | — | — | 60.3% | 51.7% | +11.3% | +31% / +70% |
| ACNAccenture plc | — | 19.5 | 26.7% | 11.3% | +6.5% | +6% / −21% |
| MAMastercard Incorporated | — | 35.2 | 231.4% | 46.7% | +16.4% | +22% / +63% |
1- and 3-year price returns: for FISV from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 07 Aug 2026; since then the company filed 10-Q (04 Nov 2026), 8-K (03 Nov 2026 · results).
In brief
Fiserv, Inc. (FISV) is a global provider of payments and financial services technology, active in three areas: processing for banks, payments for merchants and the Clover platform. Total revenue in fiscal 2025 was 21.2 billion USD 1, yet GAAP revenue fell 3% in the first six months of 2026 3. In August 2026 the company updated its 2026 organic revenue outlook to a range of -1% to 0% 3.
SWOT
Strengths
- Recurring revenue from multi-year contracts with high renewal rates and services that clients need to run their businesses 1.
- A broad platform with processing capacity, network services and strong positions in the payments sector 12.
- A diversified product portfolio for banks and merchants, including Clover and account processing solutions 1.
Weaknesses
Opportunities
Risks
- Competitive pressurehigh
Competitors may offer more attractive prices or services, and large clients may negotiate lower prices at renewal 1.
- Outcome of the One Fiserv planhigh
The plan's benefits may be smaller than expected or arrive later than planned 1.
- Contract renewalsmedium
If renewals are not secured on favorable terms, revenue could decline 1.
- Interchange and network feesmedium
Higher card network fees could reduce profit margins 1.
- AI and stablecoin regulationlow
Regulatory uncertainty could limit the offering or increase litigation risk 1.
Investment thesis
What would need to be true (bull case)
- If recurring revenue and transaction volumes keep growing, the company could gradually restore core performance 3.
- If the Clover platform and embedded solutions expand their share, the Merchant segment could support medium-term growth 13.
- If the One Fiserv plan lowers costs through AI, operating margins could recover 13.
What would break the thesis
What to watch
- Quarterly results and the trend in organic revenueQ3 2026
- Update to the organic revenue and adjusted EPS outlookQ3 2026
- Progress of the One Fiserv plan and transformation costs2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 07 Aug 2026; since then the company filed 10-Q (04 Nov 2026), 8-K (03 Nov 2026 · results).
The business
Fiserv is a global provider of payments and financial services technology serving merchants, banks, credit unions, other financial institutions and corporate or public sector clients 1. According to the 2025 annual report, most products are necessary for clients to run their businesses, and processing and services revenue represented 80% of total revenue 1. The company is listed on NASDAQ and is part of the S&P 500 1.
Activity is split into two reportable segments: Merchant Solutions, covering merchant acquiring, digital commerce, POS and enterprise solutions, and Financial Solutions, which processes deposit and loan accounts, digital payments and card transactions 1. In 2025 the company launched the One Fiserv action plan with five strategic pillars, including Clover, embedded finance and stablecoin 12.
Fiserv grew through acquisitions in 2025, including CCV, Payfare, Pinch Payments, CardFree and StoneCastle, and bought out the remaining interest in AIB Merchant Services 1. It also agreed with Wells Fargo to continue processing merchant clients after the WFMS joint venture expired 1.
Market context
The payments market grows through digitization, e-commerce, digital wallets and real-time payments, but competition is intensifying 1. The United States and Canada generated 84% of revenue in 2025 1.
Merchants demand integrated systems, and ISVs are an important distribution channel for payment acceptance 1. Part of earlier growth came from acquisitions, while the 2026 outlook points to a period of organic revenue decline 3.
Trends
- Artificial intelligencemixed
The company embeds AI in products and operations, which could bring efficiency, but competitors may adopt the technology faster 1.
- Digital payments and mobile commercetailwind
Growth in mobile commerce and digital wallets supports demand for omnichannel solutions 1.
- Banking consolidationheadwind
Mergers among financial institutions can reduce the number of clients and increase bargaining power of the remaining ones 1.
- Pricing and card network fee pressureheadwind
Higher card network fees may be partly absorbed by the company, which could limit margins 1.
Competitive position
Competition comes from other financial technology vendors, large technology and telecommunications companies, ISOs and payment networks 1. Many large clients have historically built systems in-house, so Fiserv also competes with their internal capabilities 1.
Mergers, alliances and joint ventures in the industry can create new competitors or strengthen existing ones 1. The company acknowledges it cannot assure it will compete successfully against current or future rivals 1.
- Global PaymentsGPN
Payment processing provider named as a type of competitor in the payments services sector 1.
- Large technology and telecommunications companies
Firms outside financial services that could enter payments and compete with their own resources 1.
- Independent sales organizations
Intermediaries selling payment acceptance services that compete for the same merchants 1.
- Independent software vendors
Software companies that integrate payment processing and could compete with Clover 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report03 Nov 2026Results of operations · Financial statements and exhibits
- Current report23 Oct 2026Departure or appointment of officers
- Current report22 Sept 2026Departure or appointment of officers
- Quarterly report07 Aug 2026
- Current report06 Aug 2026Results of operations · Financial statements and exhibits
- Current report07 Jul 2026Departure or appointment of officers · Regulation FD disclosure
- Current report23 Jun 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report17 Jun 2026Material agreement · Financial statements and exhibits
- Current report16 Jun 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Fiserv, Inc. · 19 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Fiserv, Inc. · 07 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Fiserv, Inc. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.