Fiserv, Inc. reported a decline in financial performance for the second quarter and first half of 2026, as detailed in its latest 10-Q filing. Total revenue for the three months ended June 30, 2026, was $5.292 billion, a decrease of 4% from $5.516 billion in the same period of 2025. For the first six months of 2026, revenue also fell by 3% to $10.319 billion from $10.646 billion year-over-year. The company's net income attributable to Fiserv, Inc. was $627 million, down 39% from $1.026 billion in the prior year quarter, and $1.198 billion for the first half of 2026, compared to $1.877 billion in 2025.
The decline in revenue was primarily attributed to lower data and analytics sales and license revenue, particularly within the Financial segment, which saw an 8% decrease in the second quarter. The Merchant segment also experienced a slight revenue drop of 1%. Total expenses increased significantly, rising by 12% in the second quarter to $4.277 billion, driven by higher costs associated with personnel and the company's strategic One Fiserv transformation initiative. This led to a substantial decrease in operating income, which fell by 40% to $1.015 billion in the second quarter.
Strategically, Fiserv has been active in acquisitions, having acquired several companies in 2025, including StoneCastle Cash Management and CCV Group, to enhance its service offerings. The company also announced plans to divest its student loan servicing business, which is expected to close in the third quarter of 2026. Additionally, Fiserv has been focusing on its One Fiserv action plan, aimed at improving client service and operational efficiency through technology modernization and AI integration.
Operationally, Fiserv's customer engagement metrics showed mixed results. The company reported a slight decline in customer counts in certain segments, while the adoption of its Clover POS platform continued to grow among small businesses. The company maintained a strong cash position with $627 million in cash and cash equivalents as of June 30, 2026, and has access to a revolving credit facility of $8 billion, which it plans to utilize for future growth and operational needs.
Looking ahead, Fiserv's management expressed cautious optimism, emphasizing the importance of adapting to changing market conditions and customer demands. The company aims to leverage its recent acquisitions and ongoing transformation initiatives to drive future growth, despite the current challenges in revenue generation and profitability.
About FISERV INC
Fiserv, Inc. is a global provider of payments and financial services technology, serving banks, credit unions, merchants, and public sector clients. Its core offerings include account processing, digital banking, card issuer services, payments, e-commerce, and merchant solutions. The company focuses on innovation, integrated solutions, and long-term client relationships to enable secure, efficient financial transactions and commerce worldwide.
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