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

What the 10-K filed 2026-02-19 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-20.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

3 new

Pending cases, settlements and what the company has set aside for them.

“The Company maintained an accrual of $25 million and $43 million at December 31, 2025 and 2024, respectively, related to its various legal proceedings.”
Read it in the 10-K ↗

“The Company’s estimate of the possible range of exposure for various legal proceedings in excess of amounts accrued is $0 million to approximately $160 million.”
Read it in the 10-K ↗

New “On July 24, 2025, a federal securities law complaint was filed against the Company and Frank J.”
Read it in the 10-K ↗

New “On November 4, 2025 and November 14, 2025, federal securities law complaints were filed against the Company and Messrs.”
Read it in the 10-K ↗

New “Between December 10, 2025 and February 3, 2026, derivative complaints were filed by purported Company shareholders Richard Martin, Nathan Silva, and Gary Peterson in the United States District Court for the Eastern District of Wisconsin.”
Read it in the 10-K ↗

Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

“We maintained a liability of $12 million at December 31, 2025 for the estimated fair value of our non-contingent obligations to stand ready to perform over the term of the guarantee arrangements.”
Read it in the 10-K ↗

“The Company has provided aggregate guarantees of $482 million associated with the debt of the Lending Joint Ventures and is entitled to receive a defined fee in exchange for its guarantee of this indebtedness.”
Read it in the 10-K ↗

“The Company recognized $18 million during each of the years ended December 31, 2025 and 2024, and $7 million during the year ended December 31, 2023 within other expense, net in its consolidated statements of income related to its release from risk under the non-contingent guarantees as well as a change in the provision of estimated credit losses associated with the indebtedness of the Lending Joint Ventures.”
Read it in the 10-K ↗

Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“During the year ended December 31, 2025, we were in compliance with all financial debt covenants.”
Read it in the 10-K ↗

“We expect to remain in compliance with all terms and conditions associated with our outstanding debt, including financial debt covenants.”
Read it in the 10-K ↗

“The Company was in compliance with all financial debt covenants during the year ended December 31, 2025.”
Read it in the 10-K ↗

Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

No specific sentence about this in the 10-K.

Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

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.