NASDAQ : FISV
Fiserv, Inc. — Financial statements
Technology · Software - Application · United States
Last price 50.02 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 26.60B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fiserv, Inc. (FISV) reported revenue of 20.87B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 20.87B | 21.19B | 20.46B | 19.09B | 17.74B | 16.23B |
| Cost of Revenue | 9.13B | 8.61B | 8.01B | 7.67B | 7.99B | 8.13B |
| Gross Profit | 11.73B | 12.58B | 12.44B | 11.42B | 9.74B | 8.10B |
| Selling, General & Admin | 7.26B | 6.88B | 6.56B | 6.58B | 6.06B | 5.79B |
| Operating Expenses | 7.26B | 6.88B | 6.56B | 6.58B | 6.06B | 5.79B |
| Operating Income | 4.47B | 5.70B | 5.88B | 4.85B | 3.69B | 2.30B |
| Interest Expense | -1.55B | -1.53B | -1.24B | -1.00B | -746.00M | -696.00M |
| Interest & Investment Income | 39.00M | 38.00M | 43.00M | 28.00M | 13.00M | 3.00M |
| Earnings From Equity Investments | 76.00M | 37.00M | -685.00M | -15.00M | 220.00M | 100.00M |
| Currency Exchange Gain (Loss) | -163.00M | -158.00M | -98.00M | -164.00M | -52.00M | -5.00M |
| Other Non Operating Income (Expenses) | 75.00M | 15.00M | 38.00M | 24.00M | -42.00M | 64.00M |
| EBT Excluding Unusual Items | 2.94B | 4.10B | 3.94B | 3.72B | 3.08B | 1.77B |
| Merger & Restructuring Charges | -15.00M | |||||
| Gain (Loss) on Sale of Investments | 82.00M | 82.00M | 29.00M | 12.00M | ||
| Gain (Loss) on Sale of Assets | 192.00M | 120.00M | 167.00M | 54.00M | ||
| Other Unusual Items | 154.00M | -147.00M | ||||
| Pretax Income | 3.37B | 4.30B | 3.82B | 3.88B | 3.13B | 1.77B |
| Income Tax Expense | 555.00M | 811.00M | 641.00M | 754.00M | 551.00M | 363.00M |
| Earnings From Continuing Operations | 2.81B | 3.49B | 3.18B | 3.13B | 2.58B | 1.40B |
| Net Income to Company | 2.81B | 3.49B | 3.18B | 3.13B | 2.58B | 1.40B |
| Minority Interest in Earnings | -14.00M | -10.00M | -49.00M | -61.00M | -52.00M | -69.00M |
| Net Income | 2.80B | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
| Net Income to Common | 2.80B | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
| Shares Outstanding (Basic) | 535.75M | 547.10M | 578.70M | 611.70M | 642.30M | 662.60M |
| Shares Outstanding (Diluted) | 536.90M | 549.00M | 582.10M | 615.90M | 647.90M | 671.60M |
| EPS (Basic) | 5.23 | 6.36 | 5.41 | 5.02 | 3.94 | 2.01 |
| EPS (Diluted) | 5.22 | 6.34 | 5.38 | 4.98 | 3.91 | 1.99 |
| Free Cash Flow | 3.93B | 4.30B | 5.06B | 3.77B | 3.14B | 2.87B |
| Free Cash Flow Per Share | 7.31 | 7.83 | 8.70 | 6.13 | 4.84 | 4.28 |
| Gross Margin | 56.22% | 59.36% | 60.83% | 59.83% | 54.94% | 49.91% |
| Operating Margin | 21.41% | 26.89% | 28.74% | 25.39% | 20.78% | 14.19% |
| Profit Margin | 13.42% | 16.42% | 15.31% | 16.07% | 14.26% | 8.22% |
| Free Cash Flow Margin | 18.82% | 20.29% | 24.75% | 19.77% | 17.70% | 17.71% |
| EBITDA | 7.74B | 8.86B | 8.97B | 7.97B | 6.86B | 5.50B |
| EBITDA Margin | 37.07% | 41.80% | 43.87% | 41.73% | 38.65% | 33.89% |
| D&A For EBITDA | 3.27B | 3.16B | 3.10B | 3.12B | 3.17B | 3.20B |
| EBIT | 4.47B | 5.70B | 5.88B | 4.85B | 3.69B | 2.30B |
| EBIT Margin | 21.41% | 26.89% | 28.74% | 25.39% | 20.78% | 14.19% |
| Effective Tax Rate | 16.47% | 18.86% | 16.78% | 19.42% | 17.59% | 20.55% |
| Revenue as Reported | 20.87B | 21.19B | 20.46B | 19.09B | 17.74B | 16.23B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 627.00M | 798.00M | 1.24B | 1.20B | 902.00M | 835.00M |
| Cash & Short-Term Investments | 627.00M | 798.00M | 1.24B | 1.20B | 902.00M | 835.00M |
| Accounts Receivable | 3.91B | 3.98B | 3.73B | 3.58B | 3.58B | 2.86B |
| Other Receivables | 129.00M | 148.00M | 501.00M | 534.00M | ||
| Receivables | 4.04B | 4.13B | 4.23B | 4.12B | 3.58B | 2.86B |
| Inventory | 689.00M | 603.00M | 404.00M | 423.00M | ||
| Prepaid Expenses | 1.11B | |||||
| Other Current Assets | 20.01B | 19.12B | 17.61B | 29.07B | 23.06B | 14.07B |
| Total Current Assets | 25.36B | 24.65B | 23.48B | 34.81B | 27.54B | 18.87B |
| Property, Plant & Equipment | 3.33B | 3.67B | 2.97B | 2.79B | 2.54B | 2.32B |
| Long-Term Investments | 1.14B | 1.17B | 1.76B | 2.42B | 2.54B | 2.67B |
| Goodwill | 37.52B | 37.70B | 36.58B | 37.20B | 36.81B | 36.43B |
| Other Intangible Assets | 9.71B | 10.16B | 9.94B | 11.21B | 12.41B | 14.01B |
| Long-Term Accounts Receivable | 941.00M | 885.00M | 832.00M | 754.00M | 551.00M | 541.00M |
| Long-Term Deferred Tax Assets | 109.00M | 76.00M | 80.00M | 56.00M | 42.00M | |
| Long-Term Deferred Charges | 1.03B | 1.05B | 1.00B | 975.00M | 915.00M | 814.00M |
| Other Long-Term Assets | 1.85B | 724.00M | 541.00M | 648.00M | 495.00M | 549.00M |
| Total Assets | 80.89B | 80.13B | 77.18B | 90.89B | 83.87B | 76.25B |
| Accounts Payable | 907.00M | 797.00M | 511.00M | 449.00M | 652.00M | 593.00M |
| Accrued Expenses | 2.31B | 2.23B | 1.97B | 1.85B | 1.80B | 1.90B |
| Short-Term Debt | 618.00M | 762.00M | 784.00M | 442.00M | 198.00M | 240.00M |
| Current Portion of Long-Term Debt | 193.00M | 117.00M | 126.00M | 114.00M | 138.00M | |
| Current Portion of Leases | 715.00M | 410.00M | 325.00M | 305.00M | 280.00M | 252.00M |
| Current Income Taxes Payable | 290.00M | 368.00M | 261.00M | 203.00M | 432.00M | 154.00M |
| Current Unearned Revenue | 819.00M | 865.00M | 819.00M | 761.00M | 625.00M | 585.00M |
| Other Current Liabilities | 18.64B | 18.27B | 17.38B | 29.42B | 22.35B | 14.44B |
| Total Current Liabilities | 24.31B | 23.89B | 22.16B | 33.55B | 26.46B | 18.30B |
| Long-Term Debt | 24.94B | 26.92B | 23.31B | 21.93B | 20.58B | 20.42B |
| Long-Term Leases | 1.76B | 1.48B | 1.07B | 1.09B | 994.00M | 928.00M |
| Long-Term Unearned Revenue | 260.00M | 259.00M | 263.00M | 250.00M | 235.00M | 225.00M |
| Long-Term Deferred Tax Liabilities | 1.59B | 1.48B | 2.48B | 3.08B | 3.60B | 4.17B |
| Other Long-Term Liabilities | 1.10B | 302.00M | 209.00M | 313.00M | 308.00M | 263.00M |
| Total Liabilities | 53.96B | 54.32B | 49.49B | 60.22B | 52.18B | 44.30B |
| Common Stock | 8.00M | 8.00M | 8.00M | 8.00M | 8.00M | 8.00M |
| Additional Paid-In Capital | 23.31B | 23.26B | 23.08B | 23.10B | 23.01B | 22.98B |
| Retained Earnings | 28.25B | 27.05B | 23.57B | 20.44B | 17.38B | 14.85B |
| Treasury Stock | -23.68B | -23.55B | -18.18B | -12.91B | -8.38B | -6.14B |
| Comprehensive Income & Other | -983.00M | -984.00M | -1.41B | -783.00M | -1.19B | -745.00M |
| Total Common Equity | 26.90B | 25.79B | 27.07B | 29.86B | 30.83B | 30.95B |
| Minority Interest | 22.00M | 17.00M | 618.00M | 812.00M | 860.00M | 998.00M |
| Shareholders' Equity | 26.93B | 25.81B | 27.69B | 30.67B | 31.69B | 31.95B |
| Total Liabilities & Equity | 80.89B | 80.13B | 77.18B | 90.89B | 83.87B | 76.25B |
| Total Debt | 28.03B | 29.76B | 25.61B | 23.90B | 22.17B | 21.97B |
| Net Cash (Debt) | -27.41B | -28.96B | -24.37B | -22.70B | -21.27B | -21.14B |
| Net Cash Per Share | -51.05 | -52.75 | -41.87 | -36.85 | -32.83 | -31.48 |
| Filing Date Shares Outstanding | 531.77M | 534.78M | 561.29M | 590.40M | 628.13M | 652.20M |
| Total Common Shares Outstanding | 531.00M | 534.00M | 564.00M | 594.00M | 630.00M | 650.00M |
| Working Capital | 1.06B | 764.00M | 1.32B | 1.26B | 1.09B | 575.00M |
| Book Value Per Share | 50.67 | 48.30 | 47.99 | 50.26 | 48.93 | 47.62 |
| Tangible Book Value | -20.33B | -22.07B | -19.46B | -18.56B | -18.40B | -19.49B |
| Tangible Book Value Per Share | -38.29 | -41.33 | -34.50 | -31.24 | -29.20 | -29.98 |
| Land | 44.00M | 44.00M | 48.00M | 47.00M | 48.00M | |
| Buildings | 865.00M | 845.00M | 801.00M | 724.00M | 512.00M | |
| Machinery | 5.23B | 4.18B | 4.00B | 3.40B | 2.67B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.80B | 3.48B | 3.13B | 3.07B | 2.53B | 1.33B |
| Depreciation & Amortization | 3.27B | 3.16B | 3.10B | 3.12B | 3.17B | 3.20B |
| Other Amortization | 49.00M | 46.00M | 43.00M | 41.00M | 43.00M | 52.00M |
| Loss (Gain) From Sale of Assets | -192.00M | -120.00M | -167.00M | -54.00M | ||
| Asset Writedown & Restructuring Costs | 15.00M | |||||
| Loss (Gain) From Sale of Investments | -74.00M | -74.00M | ||||
| Loss (Gain) on Equity Investments | -35.00M | 7.00M | 724.00M | 70.00M | -147.00M | -66.00M |
| Stock-Based Compensation | 377.00M | 357.00M | 367.00M | 342.00M | 323.00M | 239.00M |
| Other Operating Activities | -913.00M | -786.00M | -391.00M | -401.00M | -502.00M | -241.00M |
| Change in Accounts Receivable | 254.00M | -123.00M | -169.00M | 23.00M | -770.00M | -358.00M |
| Change in Accounts Payable | 684.00M | 878.00M | 426.00M | -54.00M | 511.00M | 303.00M |
| Change in Unearned Revenue | -55.00M | 16.00M | 70.00M | 155.00M | 58.00M | 77.00M |
| Change in Other Net Operating Assets | -332.00M | -780.00M | -665.00M | -1.04B | -543.00M | -517.00M |
| Operating Cash Flow | 5.83B | 6.06B | 6.63B | 5.16B | 4.62B | 4.03B |
| Capital Expenditures | -1.91B | -1.76B | -1.57B | -1.39B | -1.48B | -1.16B |
| Cash Acquisitions | -483.00M | -820.00M | -13.00M | -988.00M | -848.00M | |
| Divestitures | 234.00M | 246.00M | ||||
| Investment in Securities | 278.00M | 717.00M | -34.00M | 102.00M | 109.00M | 378.00M |
| Other Investing Activities | 207.00M | -654.00M | -801.00M | -3.00M | ||
| Investing Cash Flow | -1.72B | -2.52B | -2.40B | -1.07B | -2.11B | -1.63B |
| Short-Term Debt Issued | 278.00M | 1.84B | 1.74B | |||
| Long-Term Debt Issued | 6.50B | 6.78B | 5.57B | 1.62B | 6.43B | |
| Total Debt Issued | 3.00B | 6.50B | 7.06B | 5.57B | 3.46B | 8.18B |
| Short-Term Debt Repaid | -370.00M | -1.46B | ||||
| Long-Term Debt Repaid | -3.96B | -5.40B | -3.02B | -3.31B | -7.88B | |
| Total Debt Repaid | -5.43B | -4.33B | -5.40B | -4.47B | -3.31B | -7.88B |
| Net Debt Issued (Repaid) | -2.44B | 2.18B | 1.67B | 1.10B | 146.00M | 295.00M |
| Issuance of Common Stock | 47.00M | 62.00M | 97.00M | 101.00M | 149.00M | 140.00M |
| Repurchase of Common Stock | -1.65B | -5.90B | -5.84B | -4.83B | -2.68B | -2.79B |
| Other Financing Activities | -1.01B | -174.00M | -90.00M | -726.00M | -96.00M | 610.00M |
| Financing Cash Flow | -5.05B | -3.83B | -4.17B | -4.36B | -2.48B | -1.74B |
| Foreign Exchange Rate Adjustments | -32.00M | 99.00M | -32.00M | 33.00M | -41.00M | -27.00M |
| Net Cash Flow | -966.00M | -191.00M | 30.00M | -229.00M | -13.00M | 636.00M |
| Free Cash Flow | 3.93B | 4.30B | 5.06B | 3.77B | 3.14B | 2.87B |
| Free Cash Flow Margin | 18.82% | 20.29% | 24.75% | 19.77% | 17.70% | 17.71% |
| Free Cash Flow Per Share | 7.31 | 7.83 | 8.70 | 6.13 | 4.84 | 4.28 |
| Levered Free Cash Flow | 4.65B | 4.38B | 4.45B | 4.37B | 3.49B | 3.15B |
| Unlevered Free Cash Flow | 5.57B | 5.30B | 5.19B | 4.95B | 3.91B | 3.53B |
| Cash Interest Paid | 1.47B | 1.41B | 1.15B | 879.00M | 703.00M | 648.00M |
| Cash Income Tax Paid | 1.19B | 1.37B | 1.17B | 1.22B | 709.00M | 666.00M |
| Change in Working Capital | 551.00M | -9.00M | -338.00M | -912.00M | -744.00M | -495.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 27.51B | 36.13B | 116.87B | 79.73B | 64.18B | 68.53B |
| Enterprise Value | 54.92B | 65.40B | 141.69B | 102.61B | 85.48B | 89.57B |
| Last Close Price | 50.02 | 67.17 | 205.42 | 132.84 | 101.07 | 103.79 |
| PE Ratio | 9.92 | 10.38 | 37.33 | 25.99 | 25.37 | 51.37 |
| Forward PE | 7.07 | 8.44 | 20.95 | 16.00 | 14.13 | 16.61 |
| PS Ratio | 1.27 | 1.71 | 5.71 | 4.18 | 3.62 | 4.22 |
| PB Ratio | 0.99 | 1.40 | 4.22 | 2.60 | 2.02 | 2.15 |
| P/FCF Ratio | 6.78 | 8.40 | 23.09 | 21.13 | 20.45 | 23.84 |
| P/OCF Ratio | 4.56 | 5.96 | 17.62 | 15.45 | 13.90 | 16.99 |
| PEG Ratio | 1.55 | 1.75 | 1.55 | 1.16 | 1.57 | 1.01 |
| EV/Sales Ratio | 2.59 | 3.09 | 6.93 | 5.37 | 4.82 | 5.52 |
| EV/EBITDA Ratio | 6.98 | 7.38 | 15.79 | 12.88 | 12.47 | 16.29 |
| EV/EBIT Ratio | 12.09 | 11.48 | 24.10 | 21.17 | 23.19 | 38.89 |
| EV/FCF Ratio | 13.76 | 15.21 | 27.99 | 27.19 | 27.23 | 31.16 |
| Debt / Equity Ratio | 1.04 | 1.15 | 0.93 | 0.78 | 0.70 | 0.69 |
| Debt / EBITDA Ratio | 3.53 | 3.28 | 2.79 | 2.93 | 3.15 | 3.88 |
| Debt / FCF Ratio | 7.14 | 6.92 | 5.06 | 6.33 | 7.06 | 7.65 |
| Net Debt / Equity Ratio | 1.02 | 1.12 | 0.88 | 0.74 | 0.67 | 0.66 |
| Net Debt / EBITDA Ratio | 3.54 | 3.27 | 2.72 | 2.85 | 3.10 | 3.84 |
| Net Debt / FCF Ratio | 6.98 | 6.74 | 4.82 | 6.01 | 6.78 | 7.36 |
| Asset Turnover | 0.26 | 0.27 | 0.24 | 0.22 | 0.22 | 0.21 |
| Inventory Turnover | 14.02 | 17.10 | 19.38 | |||
| Quick Ratio | 0.19 | 0.21 | 0.25 | 0.16 | 0.17 | 0.20 |
| Current Ratio | 1.04 | 1.03 | 1.06 | 1.04 | 1.04 | 1.03 |
| Return on Equity (ROE) | 10.69% | 13.05% | 10.90% | 10.04% | 8.12% | 4.30% |
| Return on Assets (ROA) | 3.44% | 4.53% | 4.37% | 3.47% | 2.88% | 1.91% |
| Return on Invested Capital (ROIC) | 6.85% | 8.66% | 9.28% | 7.35% | 5.73% | 3.43% |
| Return on Capital Employed (ROCE) | 7.90% | 10.10% | 10.70% | 8.50% | 6.40% | 4.00% |
| Earnings Yield | 10.08% | 9.63% | 2.68% | 3.85% | 3.94% | 1.95% |
| FCF Yield | 14.76% | 11.90% | 4.33% | 4.73% | 4.89% | 4.19% |
| Buyback Yield / Dilution | 5.21% | 5.69% | 5.49% | 4.94% | 3.53% | 1.73% |