Fiserv (FISV) Q4 Earnings Beat: Adjusted EPS $1.99, Outlook $8-$8.30PS

Fiserv (FISV) reported fourth-quarter adjusted profit per share of $1.99, beating estimates of $1.90, as expense discipline outpaced revenue growth. The results cap a volatile 2025 defined by leadership changes, a reset in growth expectations, and a 12-month share price decline of 74%. Pricing on debit transactions was revised to strengthen client acquisition and reduce reliance on short-term initiatives. Adjusted revenue was flat at $4.90 billion; interest expense of $375 million and adjusted operating income of $1.71 billion both beat estimates. The firm repurchased $200 million in shares in Q4. For 2026, Fiserv forecasts full-year adjusted EPS of $8 to $8.30, versus $8.19 expected, and organic revenue growth of 1% to 3%. CFO Paul Todd said the company is focusing on disciplined investment and efficiency to improve performance.