Key facts
- Fiserv reduced its 2026 adjusted earnings per share forecast to $7.20-$7.40, down from $8.00-$8.30.
- The company now expects full-year organic revenue to be flat or decrease by 1%, a reduction from prior guidance of 1%-3% growth.
- Second-quarter revenue for Fiserv's merchant solutions segment declined 1%, and financial solutions revenue fell 8%.
- Total revenue for the quarter ended June decreased 4% year-over-year to $5.29 billion.
- Adjusted profit per share for the quarter was $1.84, compared to $2.47 in the prior year.
Payments processor Fiserv announced a reduced full-year profit forecast on Thursday, citing a slowdown in its key segments during the second quarter. This news sent its shares down nearly 12% in premarket trading.
The company revised its 2026 adjusted earnings per share forecast to a range of $7.20 to $7.40, a decrease from the previously expected $8.00 to $8.30. Fiserv also lowered its full-year organic revenue expectation, now anticipating it to be flat or decline by 1%, compared to its earlier projection of 1% to 3% growth.
In the second quarter, Fiserv's merchant solutions segment experienced a 1% revenue decrease, while its financial solutions segment saw an 8% drop. Activist investor Jana Partners has reportedly intensified its efforts to push Fiserv towards a strategic review of its entire portfolio and a refresh of its board, following a significant decline in the company's stock price.
Fiserv shares have fallen nearly 20% this year, adding to a substantial 68% drop in 2025. For the quarter ending in June, the company's revenue fell 4% to $5.29 billion compared to the same period last year. Adjusted profit for the quarter stood at $1.84 per share, a decrease from the $2.47 reported a year prior.