Financial technology provider Fiserv (NASDAQ:FISV) reported Q1 CY2026 results topping the market’s revenue expectations, with sales up 5% year on year to $5.03 billion. Its non-GAAP profit of $1.79 per share was 13.5% above analysts’ consensus estimates.
Is now the time to buy Fiserv? Find out by accessing our full research report, it’s free.
Fiserv (FISV) Q1 CY2026 Highlights:
- Organic Revenue fell 4% year on year
- Revenue: $5.03 billion vs analyst estimates of $4.73 billion (5% year-on-year growth, 6.3% beat)
- Pre-tax Profit: $593 million (11.8% margin)
- Adjusted EPS: $1.79 vs analyst estimates of $1.58 (13.5% beat)
- Management reiterated its full-year Adjusted EPS guidance of $8.15 at the midpoint
- Market Capitalization: $33.48 billion
“During the first quarter, we remained in execution mode, delivering results in line with the expectations we shared in February,” said Mike Lyons, Chief Executive Officer of Fiserv.
Company Overview
Powering over 1 billion accounts and processing more than 12,000 financial transactions per second globally, Fiserv (NASDAQ:FISV) provides payment processing and financial technology solutions that enable merchants, banks, and credit unions to accept payments and manage financial transactions.
Revenue Growth
A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Fiserv grew its revenue at a mediocre 7.5% compounded annual growth rate. This fell short of our benchmark for the financials sector and is a tough starting point for our analysis.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Fiserv’s recent performance shows its demand has slowed as its annualized revenue growth of 5% over the last two years was below its five-year trend. We’re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
We can dig further into the company’s sales dynamics by analyzing its organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don’t accurately reflect its fundamentals. Over the last three years, Fiserv’s organic revenue averaged 8.7% year-on-year growth. It grew at a similar 7.3% pace on a two-year basis. Because this shorter-term number is better than its two-year revenue growth, we can see that some mixture of divestitures and foreign exchange rates dampened its headline results. 
This quarter, Fiserv reported modest year-on-year revenue growth of 5% but beat Wall Street’s estimates by 6.3%.
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Key Takeaways from Fiserv’s Q1 Results
We enjoyed seeing Fiserv beat analysts’ revenue expectations this quarter. We were also glad its EPS outperformed Wall Street’s estimates. Zooming out, we think this quarter featured some important positives. The market seemed to be hoping for more, and the stock traded down 7.4% to $58.16 immediately following the results.
So should you invest in Fiserv right now? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).