Metrics
The numbers behind Fiserv, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: Display units are US$ millions, as printed on every Fiserv consolidated statement ('In millions, except per share data'). Per-share and share-count rows are exempt from that scale. Each fiscal year's income statement, balance sheet and cash-flow figures are cited to that year's own Form 10-K (FY2021-FY2025), so every column is a first-reported figure rather than a later comparative. Revenue by Business Line and reportable segment operating income are cited to the FY2025 Form 10-K (FY2025) and the FY2024 Form 10-K (FY2024, FY2023, FY2022). FY2021 is blank in both tables: Fiserv reorganised from three segments (Merchant Acceptance, Payments and Network, Financial Technology) into two (Merchant Solutions, Financial Solutions) in 2024, and no filing in the corpus restates FY2021 onto the current basis. The FY2024 Form 10-K labels the segment subtotals 'Total Merchant segment revenue' and 'Total Financial segment revenue'; the FY2025 Form 10-K adds 'Solutions'. Row labels use the FY2025 wording; each quote is verbatim from the page cited.
Share Price — Full Available History — 37 Years
The stock closed at $55.67 on Jul 29, 2026 — up 11,697% over the window shown (+13.9% a year), trading between $0.44 and $237.79. At that close the stock trades at 8.8× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 9,211 source observations, Jan 1990–Jul 2026. Price return only, excludes dividends.
Market capitalization $24.9bn.
Market cap = 447.8M shares outstanding × the Jul 29, 2026 close of $55.67. Market-derived, shown without filing links.
FY2025 at a Glance
Revenue (US$ millions)
Operating income (US$ millions)
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Business Line
| Revenue by Business Line | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Small Business | — | 4,920 | 5,664 | 6,357 | 6,795 |
| Enterprise | — | 1,811 | 1,933 | 2,163 | 2,256 |
| Processing | — | 1,152 | 1,125 | 1,111 | 1,089 |
| Total Merchant Solutions segment revenue | — | 7,883 | 8,722 | 9,631 | 10,140 |
| Digital Payments | — | 3,370 | 3,655 | 3,869 | 3,945 |
| Issuing | — | 2,801 | 3,011 | 3,112 | 3,284 |
| Banking | — | 2,510 | 2,435 | 2,496 | 2,435 |
| Total Financial Solutions segment revenue | — | 8,681 | 9,101 | 9,477 | 9,664 |
| Corporate and Other | — | 1,173 | 1,270 | 1,348 | 1,389 |
| Total Revenue | — | 17,737 | 19,093 | 20,456 | 21,193 |
| Total Revenue growth, derived | — | — | +7.6% | +7.1% | +3.6% |
Source: Note 3 Revenue Recognition, Disaggregation of Revenue (FY2025 and FY2024 Forms 10-K) [5] [6]. Click any linked figure to open the filing page with the row highlighted.
Reportable Segment Operating Income
| Reportable Segment Operating Income | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Merchant Solutions | — | 2,441 | 2,974 | 3,561 | 3,502 |
| Financial Solutions | — | 3,806 | 4,178 | 4,485 | 4,380 |
| Total reportable segment operating income | — | 6,247 | 7,152 | 8,046 | 7,882 |
| Corporate and Other operating loss | — | (2,507) | (2,138) | (2,167) | (2,064) |
Source: Business Segment Information note (FY2025 and FY2024 Forms 10-K) [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Income, Form 10-K for each fiscal year [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-31. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets, Form 10-K for each fiscal year [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows, Form 10-K for each fiscal year [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.
Organic Growth and Adjusted Profitability
| Organic Growth and Adjusted Profitability | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Organic revenue growth — total company | 11.0% | 11.0% | 12.0% | 16.0% | 4.0% |
| Adjusted operating income | 5,212 | 5,882 | 6,729 | 7,537 | 7,398 |
| Adjusted operating margin | 33.9% | 35.1% | 37.7% | 39.4% | 37.4% |
| Adjusted earnings per share | 5.58 | 6.49 | 7.52 | 8.80 | 8.64 |
| Free cash flow | 3,532 | 3,515 | 4,016 | 5,233 | 4,435 |
Source: company filings [17] [18] [19] [20]. Click any linked figure to open the filing page with the row highlighted.
Reported Operating Margin — Company and Segments
| Reported Operating Margin — Company and Segments | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating margin — total company | 14.1% | 21.1% | 26.3% | 28.7% | 27.5% |
| Operating margin — Merchant Solutions | — | — | 34.1% | 37.0% | 34.5% |
| Operating margin — Financial Solutions | — | — | 45.9% | 47.3% | 45.3% |
Source: company filings [19] [21] [22]. Click any linked figure to open the filing page with the row highlighted.
Clover and Small Business
| Clover and Small Business | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Clover revenue | — | — | — | 2,700 | 3,300 |
| Clover revenue growth | — | — | 25.0% | 29.0% | 23.0% |
| Clover value-added services penetration (Q4, % of Clover revenue) | — | 16.0% | 19.0% | 22.0% | 27.0% |
| Clover annualized payment volume growth (Q4) | — | — | 17.0% | 14.0% | — |
Source: company filings [23] [24] [25]. Click any linked figure to open the filing page with the row highlighted.
Revenue Mix and Capital Intensity
| Revenue Mix and Capital Intensity | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Processing and services — % of total revenue | 82.0% | 81.5% | 81.9% | 81.3% | 79.6% |
| U.S. and Canada — % of total revenue | 86.0% | 86.0% | 85.0% | 85.0% | 84.0% |
| International — % of total revenue | 14.0% | 14.0% | 15.0% | 15.0% | 16.0% |
| Capital expenditures — % of total revenue | 7% | 8% | 7% | 8% | 8% |
Source: company filings [26] [27] [28] [29]. Click any linked figure to open the filing page with the row highlighted.
Franchise Scale (2026 Investor Day)
| Franchise Scale (2026 Investor Day) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Annual global merchant gross payment volume (US$ trillions) | — | — | — | — | 4.6 |
| Share of U.S. gross payment volume | — | — | — | — | 35% |
| Transactions processed annually (billions) | — | — | — | — | 300 |
| Issuer accounts on file (billions) | — | — | — | — | 1.8 |
| SMBs in ecosystem (millions) | — | — | — | — | 3.9 |
| Financial institution clients globally | — | — | — | — | 6,000 |
| Deposit and loan accounts globally (millions) | — | — | — | — | 339 |
Source: company filings [30]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Operating income | Net income attributable to Fiserv, Inc. | Net income attributable to Fiserv, Inc. per share - diluted | Net cash provided by operating activities | Capital expenditures, including capitalized software and other intangibles |
|---|---|---|---|---|---|---|
| FY2018 | 5,823 | 1,753 | 1,187 | 2.87 | 1,552 | (360) |
| FY2019 | 10,187 | 1,609 | 893 | 1.71 | 2,795 | (721) |
| FY2020 | 14,852 | 1,852 | 958 | 1.40 | 4,147 | (900) |
| FY2021 | 16,226 | 2,288 | 1,334 | 1.99 | 4,034 | (1,160) |
| FY2022 | 17,737 | 3,740 | 2,530 | 3.91 | 4,618 | (1,479) |
| FY2023 | 19,093 | 5,014 | 3,068 | 4.98 | 5,162 | (1,388) |
| FY2024 | 20,456 | 5,879 | 3,131 | 5.38 | 6,631 | (1,569) |
| FY2025 | 21,193 | 5,818 | 3,480 | 6.34 | 6,062 | (1,763) |
Source: consolidated statements across filings; older years from the standardized feed [13] [1] [14] [2]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 6 strong buy, 3 buy, 25 hold, 1 sell, 1 strong sell. Consensus: Hold.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-31. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
490 of 497 figures on this page (99%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Display units are US$ millions, as printed on every Fiserv consolidated statement ('In millions, except per share data'). Per-share and share-count rows are exempt from that scale.
Each fiscal year's income statement, balance sheet and cash-flow figures are cited to that year's own Form 10-K (FY2021-FY2025), so every column is a first-reported figure rather than a later comparative.
Revenue by Business Line and reportable segment operating income are cited to the FY2025 Form 10-K (FY2025) and the FY2024 Form 10-K (FY2024, FY2023, FY2022). FY2021 is blank in both tables: Fiserv reorganised from three segments (Merchant Acceptance, Payments and Network, Financial Technology) into two (Merchant Solutions, Financial Solutions) in 2024, and no filing in the corpus restates FY2021 onto the current basis.
The FY2024 Form 10-K labels the segment subtotals 'Total Merchant segment revenue' and 'Total Financial segment revenue'; the FY2025 Form 10-K adds 'Solutions'. Row labels use the FY2025 wording; each quote is verbatim from the page cited.
Cash-flow row labels follow the FY2022-FY2025 filings. The FY2021 Form 10-K prints the same subtotals with the suffix 'from continuing operations' (operating, investing and financing), and its acquisitions line reads 'Payments for acquisitions of businesses, net of cash acquired and including working capital adjustments'; the quotes reproduce those printed labels.
'Payments for acquisition of businesses, net of cash acquired' is printed as an em dash (nil) for FY2024, so that cell carries a value of 0 with no citation - an em dash gives the renderer no figure to anchor a highlight on.
FY2018 figures in the Long-Term Record come from the standardized data feed (SEC XBRL) and are shown without page links. FY2019 and FY2020 are cited to the comparative columns of the FY2021 Form 10-K.
FY2019 includes First Data from the July 29, 2019 acquisition date, which is why revenue, operating income and share counts step up sharply between FY2018 and FY2020.
Balance-sheet totals swing with settlement assets and obligations, which are equal-and-offsetting intermediary balances (US$27.7bn at FY2023 versus US$15.4bn at FY2024). Total assets are not comparable year to year without that line.
Quarterly columns cover Q1-Q3 only. Fiserv files no fourth-quarter report, no filing in the corpus prints a stand-alone fourth-quarter statement, and the standardized quarterly feed carries no Q4 periods either.
Quarterly cash-flow figures for Q2 and Q3 are derived from consecutive printed year-to-date statements; every derived value was reconciled against data/financials/cash_flow_quarterly.json and agrees exactly.
Every FY2021-FY2025 income-statement, balance-sheet and cash-flow figure was cross-checked against data/financials/*.json (SEC XBRL feed). No conflict exceeded 0.5% and no sign flips were found, so discrepancies is empty. Note that the feed's 'net_income' field maps to the filing's 'Net income attributable to Fiserv, Inc.' line, not to the 'Net income' line that includes noncontrolling interests.