Fiserv reported third quarter 2026 adjusted revenue of $4.85 billion and adjusted EPS of $1.75, both slightly exceeding analyst expectations. Results were heavily impacted on a GAAP basis by a $6.45 billion non-cash goodwill impairment charge, though the company reaffirmed its full-year 2026 outlook and accelerated its cost-reduction initiatives.
Key Highlights
- Raised Project Elevate total savings target to $1.0 billion, doubling the previous $500 million estimate through operational efficiencies.
- Financial Solutions segment returned to growth with 2% organic revenue expansion as banking net attrition fell 25% year-to-date.
- Recorded a $6.45 billion goodwill impairment charge resulting from a sustained decrease in market capitalization.
- Authorized $500 million in share repurchases for the fourth quarter of 2026 following improved confidence in second-half initiatives.