Overview
- Third-quarter results missed forecasts, with adjusted EPS at $2.04 versus estimates around $2.64 and revenue at $4.92 billion versus about $5.35–$5.36 billion.
- Full-year outlook was slashed to 3.5%–4% revenue growth and adjusted EPS of $8.50–$8.60, down from prior targets of 10% growth and $10.15–$10.30.
- Shares fell as much as 44% during Wednesday trading, putting the stock on track for its worst day after the cut and restructuring moves.
- Leadership changes include Paul Todd becoming CFO on Oct. 31 and Takis Georgakopoulos and Dhivya Suryadevara taking co-president roles on Dec. 1, with Robert Hau serving as senior adviser through early 2026.
- Fiserv announced an action plan, a switch of its listing from the NYSE to Nasdaq next month under the ticker FISV, year-over-year net income growth to $792 million, and board additions in 2026 with Gordon Nixon as independent chair.