Fiserv (FISV) Q2 FY2026 earnings: revenue $5.3 billion, down 4.1% on the year

Fiserv Inc. (FISV) reported revenue of $5.3 billion for Q2 FY2026, the quarter ended 30 June 2026, down 4.1% on the same quarter a year earlier. Net income was $627 million, down 38.9% on the year, and diluted earnings per share $1.17. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue

$5.3 billion

-4.1% on the year · +5.3% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

19.2%

30.7% a year earlier

Q3 FY2024Q2 FY2026

Net income

$627 million

-38.9% on the year · +9.8% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.17

-37.1% on the year · +9.3% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 lowered.

Revenue fell 4% in quarter: Adjusted revenue was $4.96 billion, down 4%, and organic revenue fell 5%. Adjusted revenue for the first half was $9.64 billion, down 3%, with organic revenue down 4%.
Adjusted EPS down 26% in quarter: Adjusted net income was $982 million, against $1,364 million a year earlier. Adjusted EPS for the first half was $3.63, down 21%.
Organic revenue guidance lowered: Organic revenue growth for 2026 is now (1%) to 0%, from 1% to 3% previously. The company cited the adjustment as part of updating the 2026 view.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	5,292	5,027	5,516	+5.3%	-4.1%
Selling, general and administrative	1,888	1,885	1,711	+0.2%	+10.3%
Operating income	1,015	918	1,696	+10.6%	-40.2%
Operating margin	19.2%	18.3%	30.7%
Interest expense	376	361	376	+4.2%	0.0%
Pre-tax income	775	593	1,292	+30.7%	-40.0%
Income tax	156	24.0	246	+550.0%	-36.6%
Effective tax rate	20.1%	4.0%	19.0%
Net income	627	571	1,026	+9.8%	-38.9%
Net margin	11.8%	11.4%	18.6%
Diluted EPS	$1.17	$1.07	$1.86	+9.3%	-37.1%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	1,483	599	1,665	+147.6%	-10.9%
Capital expenditure	498	458	479	+8.7%	+4.0%
Free cash flow	985	141	1,186	+598.6%	-16.9%
Free cash flow margin	18.6%	2.8%	21.5%
Cash from investing	-258	-201	-338
Cash from financing	-1,460	-923	-1,793
Share-based compensation	117	118	91.0	-0.8%	+28.6%
Diluted shares, weighted	534m	535m	553m	-0.3%	-3.4%
Shares outstanding at period end	532m	533m	544m	-0.3%	-2.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	26,904	26,201	25,215	+2.7%	+6.7%
Non-controlling interest	22.0	20.0	548	+10.0%	-96.0%
Debt	27,886	29,182	29,587	-4.4%	-5.7%
Other liabilities	26,074	25,145	26,181	+3.7%	-0.4%
Total liabilities and equity	80,886	80,548	81,531	+0.4%	-0.8%
Fixed assets	3,328	3,225	2,585	+3.2%	+28.7%
Goodwill	37,524	37,602	37,465	-0.2%	+0.2%
Intangible assets	n/a	9,982	10,418
Cash and equivalents	627	829	999	-24.4%	-37.2%
Receivables	3,909	3,882	4,116	+0.7%	-5.0%
Other assets	35,498	25,028	25,948	+41.8%	+36.8%
Total assets	80,886	80,548	81,531	+0.4%	-0.8%

Questions

What was Fiserv's revenue in Q2 FY2026?

Fiserv (FISV) reported revenue of $5.3 billion for Q2 FY2026, the quarter ended 30 June 2026, down 4.1% on the same quarter a year earlier.

How much did Fiserv earn in Q2 FY2026?

Net income for Q2 FY2026 was $627 million, down 38.9% on the year, and diluted earnings per share $1.17.

When did Fiserv report Q2 FY2026 results?

Fiserv filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 7 August 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,257	4,138	4,450	4,518	4,631	4,547	4,756	4,873	4,917	4,883	5,107	5,215	5,251	5,130	5,516	5,263	5,284	5,027	5,292	5,196
SG&A	1,521	1,467	1,546	1,547	1,499	1,604	1,696	1,652	1,624	1,697	1,697	1,606	1,564	1,682	1,711	1,762	1,728	1,885	1,888	1,901
Operating income	533	846	860	855	1,179	934	1,131	1,503	1,446	1,181	1,428	1,602	1,668	1,395	1,696	1,436	1,291	918	1,015	-5,494
Operating margin	13%	20%	19%	19%	25%	21%	24%	31%	29%	24%	28%	31%	32%	27%	31%	27%	24%	18%	19%	-106%
Interest expense	170	171	178	193	204	210	237	268	289	271	294	339	366	339	376	432	413	361	376	344
Pre-tax income	398	674	618	652	969	712	873	1,210	1,103	913	1,138	1,271	1,184	1,046	1,292	964	962	593	775	-5,802
Tax rate	16%	15%	22%	23%	17%	17%	21%	20%	19%	17%	19%	6%	16%	18%	19%	18%	21%	4%	20%	n/a
Net income	333	669	598	481	782	563	683	952	870	735	894	564	938	851	1,026	792	811	571	627	-5,941
Net margin	8%	16%	13%	11%	17%	12%	14%	20%	18%	15%	18%	11%	18%	17%	19%	15%	15%	11%	12%	-114%
Diluted EPS	$0.50	$1.02	$0.92	$0.75	$1.23	$0.89	$1.10	$1.56	$1.45	$1.24	$1.53	$0.98	$1.64	$1.51	$1.86	$1.46	$1.51	$1.07	$1.17	-$11.17
Operating cash flow	1,343	815	990	1,180	1,633	1,130	878	1,559	1,595	831	1,341	2,238	2,221	648	1,665	1,805	1,944	599	1,483	1,012
Capital expenditure	346	331	387	430	331	339	340	355	354	420	348	402	399	335	479	507	442	458	498	482
Free cash flow	997	484	603	750	1,302	791	538	1,204	1,241	411	993	1,836	1,822	313	1,186	1,298	1,502	141	985	530
Shares outstanding	628m	617m	610m	600m	628m	617m	610m	600m	590m	585m	576m	569m	561m	554m	544m	538m	535m	533m	532m	532m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 7 August 2026: the filing.