Fiserv lowered its full-year 2026 guidance, citing weaker macro conditions in Argentina, slower client implementation timelines, and incremental technology investments. The company now expects organic revenue to range from minus 1% to flat, adjusted revenue to decline 1.5% to 0.5%, and adjusted operating margin of 31% to 31.5%, with adjusted EPS of $7.20 to $7.40. Second quarter adjusted revenue was $4.96 billion, down 4% year over year, while adjusted EPS was $1.84 and free cash flow was $1.1 billion. CEO Takis Georgakopoulos, who took over two months ago, announced a portfolio review that has already led to divestitures of student loan servicing and managed ATM businesses, as well as exiting unprofitable SMB and fuel segments in India. The company also announced a strategic partnership with Mastercard to integrate Mastercard's merchant cloud into Fiserv's Commerce Hub.
Fiserv, Inc.Fiserv cut 2026 guidance on Argentina, client delays, and tech investments.
Mastercard IncMastercard partnership to integrate merchant cloud into Fiserv's Commerce Hub.
