FISVFiserv

Financials · Business Services · Nasdaq

Fiserv, Inc. is a leading global provider of payments and financial services technology solutions. 10-K, Item 1

Employees: 38,000
Headquarters: Milwaukee, WI
CEO: Panagiotis Georgakopoulos
Next results: around Feb 9, 2027

RevenueFY2016–25 $21.2B+3.6% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $3.5B+11.1% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $4.3B−15.1% FY2024: $5.1B 10-K FY2025 · XBRL Operating marginFY2016–25 27.5%−1.3 pts 26.2% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 19, 2026 against Feb 20, 2025

Area	What changed	Source
Risk factors	13 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Table of Contents (“We identified the complexity of revenue processing and revenue recognition, including contract modifications, as a critical audit matter because of the increased extent of effort and involvement of professionals in our firm having expertise in information technology (IT) to identify, test, and evalu”); Goodwill - Certain reporting units (“The Company’s evaluation of goodwill for impairment involves the comparison of the estimated fair value of each reporting unit to its carrying value. The Company performed, on a quantitative basis, its annual test for goodwill impairment as of October 1, 2025. Subsequently, the Company identified a ”); Table of Contents (“economic and market conditions. This required a high degree of auditor judgment and an increased extent of effort, including the need to involve our fair value specialists, when performing audit procedures to evaluate the reasonableness of management’s estimates and assumptions related to revenue gr”). Same as last year: Revenue	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 19, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-20. Quoted as filed.

We use artificial intelligence in our business, and challenges with properly managing its use could result in legal liability or reputational harm. We believe that data, and the insights enabled by data, can be used to create or enhance the products and services that we offer to our clients. As a result, we are using, and expect to…
10-K, Item 1A

All 13 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Table of Contents (“We identified the complexity of revenue processing and revenue recognition, including contract modifications, as a critical audit matter because of the increased extent of effort and involvement of professionals in our firm having expertise in information technology (IT) to identify, test, and evalu”); Goodwill - Certain reporting units (“The Company’s evaluation of goodwill for impairment involves the comparison of the estimated fair value of each reporting unit to its carrying value. The Company performed, on a quantitative basis, its annual test for goodwill impairment as of October 1, 2025. Subsequently, the Company identified a ”); Table of Contents (“economic and market conditions. This required a high degree of auditor judgment and an increased extent of effort, including the need to involve our fair value specialists, when performing audit procedures to evaluate the reasonableness of management’s estimates and assumptions related to revenue gr”). Same as last year: Revenue
✓
Receivables +6.9% vs revenue +3.6% (+3.3 pts)
✓
Cash from operations $6.1B vs net income $3.5B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 3, 20268-K Quarterly results 8-K item 2.02
Oct 23, 20268-K Director or officer change 8-K item 5.02

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Work on FISV in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/FISV/export.csv") into a cell.