Fiserv Shares Rise After Third-Quarter Adjusted Profit and Revenue Top Views
Fiserv shares rose after the financial-technology company’s third-quarter adjusted earnings and revenue surpassed Wall Street expectations. It reported a $5.94 billion loss, or $11.17 a share, in contrast to a profit in the prior-year period.
Story updates
02:34:20 PM UTC
SquawkNews
Fiserv, Inc. reported third quarter 2026 GAAP revenue of $5.20 billion, a 1% decrease compared to the same period in 2025. The company recorded a GAAP net loss of $5.94 billion, primarily due to a $6.45 billion non-cash goodwill impairment charge, compared to net income of $792 million in the prior year. Adjusted earnings per share were $1.75, compared to $2.04 in the third quarter of 2025. Despite the quarterly results, Fiserv reaffirmed its full-year 2026 guidance, expecting organic revenue growth between -1% and 0% and adjusted earnings per share in the range of $7.20 to $7.40. Additionally, the company increased its projected savings under 'Project Elevate' to $1 billion and announced plans to resume share repurchases with $500 million allocated for the fourth quarter of 2026.
By Rob CurranFiserv shares rose after the financial-technology firm's third-quarter adjusted earnings and revenue surpassed Wall Street expectations.The Milwaukee provider of payment and financial-services technology posted a loss of $5.94 billion, or $11.17 a share, in contrast to a profit of $792…