Fiserv, Inc. (FISV) Earnings Call Transcripts

Fiserv, Inc.'s Latest Earnings Call - September 10, 2026

In the third quarter of fiscal year 2026, Fiserv, Inc. reported a revenue of $4.2 billion, reflecting a decline of 2% year-over-year, primarily due to nonrecurring revenue dynamics. The company maintained its guidance for mid-single-digit revenue growth in the fourth quarter, signaling a potential recovery. Management emphasized a focus on improving client relationships and operational efficiency, with a commitment to $500 million in cost savings through Project Elevate, which is expected to contribute 200 basis points to margins over the next several years.

Reported metrics

Guidance from management

Management maintained guidance for mid-single-digit revenue growth in Q4 2026, indicating a recovery from prior declines. They expect the fourth quarter to be a 'clean quarter' with minimal noise in the numbers.

What management said

Yes, very high, I would say, because a lot of those are obvious things that we need to do. And they come in 2 flavors. Flavor #1 is overlapping projects, products, features and capabilities, both in the U.S. but also internationally. And then the second one is the benefits that you get from the deployment of AI, in particular, in technology and operations. So I would say we have very good line of sight on the $500 mi...

Yes. I mean it kind of goes back to what I was saying before about the margin is we're going to manage the expense base to be able to absorb, obviously, this investment. And as it relates to 2027, we will still be able to deliver the margin targets that we've outlined on an annual basis, the 50 basis points. And then there is a piece of Elevate that will come in, in 2027. So we're managing that as we look at the tota...

What analysts pressed on

Analysts expressed concerns about the competitive dynamics in the Clover segment, particularly regarding growth targets and the impact of nonrecurring revenues. There were also questions about the visibility into client implementations and the timing of revenue recognition.

Main topics on the call

• Client Relationship Improvement — Management highlighted a '70% reduction in client-facing incidents' as a key achievement in improving service levels. They expressed confidence that the trajectory of client retention will continue positively, stating, '...
• Project Elevate and Cost Savings — Project Elevate is expected to yield 'identified savings of $500 million' and contribute '200 basis points' to margins over the next several years. Management indicated they have 'very good line of sight' on achieving th...
• Revenue Guidance for Q4 — Management guided for 'mid-single-digit adjusted revenue growth' in the fourth quarter, which aligns with their long-term growth targets established at Investor Day. They noted that the fourth quarter will be 'the first ...
• Clover Growth Challenges — Clover reported underlying growth of 'around 13%' but only '2%' reported growth, indicating a gap from the targeted '15% to 20% revenue growth.' Management is optimistic about closing this gap, stating they are already a...

Read the full Fiserv, Inc. transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 84 Fiserv, Inc. earnings call transcripts on record, spanning February 4, 2020 to September 10, 2026. Based on this history, Fiserv, Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FISV

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Financial Services

Calls on record

84

First call

February 4, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly