Fiserv Posts $6.45 Billion Goodwill Hit but Keeps 2026 Adjusted Guidance

The big non‑cash write‑down produced a GAAP loss while management pointed to stronger adjusted results and cost moves as the basis for buybacks and guidance.

Overview

Fiserv reported results on Tuesday that included a $6.45 billion non‑cash goodwill impairment that produced a GAAP net loss of $5.94 billion and GAAP loss per share of $11.17.
On an adjusted basis the company posted $1.75 in third‑quarter adjusted earnings per share and $4.85 billion of adjusted revenue, both of which beat analyst expectations and showed roughly flat organic revenue.
Management reaffirmed its 2026 adjusted EPS outlook of $7.20 to $7.40 and said it will repurchase $500 million of stock in the fourth quarter under its existing authorization.
Fiserv raised its Project Elevate cost‑savings target to $1 billion from $500 million and completed portfolio moves in the quarter, including the sale of its student‑loan servicing business and formation of the MoneyPass Group joint venture with a retained minority stake.
Investors focused on the adjusted results and buyback plan, sending shares higher in early trading, but the company warned that cash flow has weakened year‑to‑date and future impairments or execution shortfalls could affect longer‑term performance.