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Earnings

Fiserv jumps about 8% after quarterly beat, doubled savings goal and $500 million buyback

The payments company reaffirmed its 2026 outlook even as a $6.45 billion goodwill charge pushed it to a quarterly loss.

· AP's Morning Brief

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Image: Arild Vågen, NYSE Broad Street facade, CC BY-SA 4.0

Fiserv shares rose on Tuesday after the payments and banking technology company reported third-quarter results that topped forecasts and laid out new steps to cut costs and return cash to shareholders.

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Adjusted earnings came to $1.75 a share, ahead of the $1.72 analysts expected, and adjusted revenue of $4.85 billion edged past estimates. Revenue under standard accounting fell 1% to $5.20 billion. The company recorded a $6.45 billion non-cash goodwill impairment, which produced a loss of $11.17 a share on that basis.

Fiserv doubled the savings target for its Project Elevate efficiency program to $1 billion from $500 million, and said it expects to buy back $500 million of its stock in the fourth quarter. It also reaffirmed its 2026 outlook for adjusted earnings of $7.20 to $7.40 a share.

The stock was trading at $55.97 as of 10:04 a.m. ET on the Nasdaq, up $4.04, or 7.78%, from Monday's regular-session price of $51.93. Even after the move, shares remain below their 52-week high of $70.41, according to Investing.com, and MarketWatch noted the stock was down 23% for the year going into Tuesday's session. Prices can keep moving through the day.

Sources

  1. Fiserv via GlobeNewswire — Q3 2026 GAAP revenue $5.20 billion, down 1%; GAAP EPS $(11.17); adjusted EPS $1.75; adjusted revenue $4.85 billion; non-cash goodwill impairment $6.45 billion; Project Elevate savings raised to $1 billion from $500 million; expects to repurchase $500 million of stock in Q4 2026; affirms 2026 adjusted EPS outlook.
  2. Investing.com — Adjusted EPS $1.75 vs consensus $1.72; adjusted revenue $4.85 billion edged past forecasts; Project Elevate savings $1 billion from $500 million; $500 million buyback in Q4; reaffirmed 2026 guidance; 52-week high $70.41.
  3. MarketWatch — Loss of $11.17 a share; adjusted EPS $1.75 vs $1.72 estimate; adjusted revenue $4.85 billion; revenue down 1% to $5.2 billion; shares down 23% year to date going into Tuesday.
  4. ChartMill — Reaffirmed 2026 adjusted EPS of $7.20 to $7.40; plans to repurchase $500 million of shares in Q4 2026.
  5. Nasdaq.com quote (FISV) — FISV last sale $55.97, net change +4.04 ($4.04), +7.78% as of Nov 3, 2026 10:04 AM ET, market open.
  6. Yahoo Finance (FISV chart data) — FISV Nov 2, 2026 regular-session price $51.93; Nov 3 price $55.97 at about 10:04 AM ET.