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

FISV and 9 peers, year by year

The 9 Financials companies closest to FISV in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
FISV Fiserv	FY2025	$21.2B	+3.6%	27.5%	16.4%	20.3%	13.5%	1.12
KKR KKR & Co.	FY2025	$19.5B	−11.0%	-	12.2%	-	7.7%	-
AMP Ameriprise Financial	FY2025	$18.9B	+5.5%	-	18.8%	43.2%	54.4%	-
BNY BNY Mellon	FY2025	$20.1B	+7.8%	-	27.6%	25.8%	12.5%	0.76
TFC Truist Financial	FY2025	$20.3B	+53.0%	-	24.5%	-	7.6%	1.07
SYF Synchrony Financial	FY2025	$19.0B	−2.8%	-	18.7%	-	21.2%	0.91
L Loews Corporation	FY2025	$18.5B	+9.7%	-	9.0%	14.6%	8.9%	0.51
ACGL Arch Capital Group	FY2025	$19.9B	+14.3%	-	22.1%	30.7%	18.2%	-
AON Aon plc	FY2025	$17.2B	+9.4%	25.3%	21.5%	18.7%	39.5%	1.69
RJF Raymond James Financial	FY2025	$15.9B	+6.6%	-	13.4%	14.1%	17.1%	0.06

Revenuepeer median $19.0B

Sales growthpeer median +7.8%

Operating margin

FISV 27.5%
AON 25.3%
KKR -
AMP -
BNY -
TFC -
SYF -
L -
ACGL -
RJF -

Net marginpeer median 18.8%

FCF marginpeer median 22.3%

AMP 43.2%
ACGL 30.7%
BNY 25.8%
FISV 20.3%
AON 18.7%
L 14.6%
RJF 14.1%
KKR -
TFC -
SYF -

Return on equitypeer median 17.1%

Debt / equitypeer median 0.83

AON 1.69
FISV 1.12
TFC 1.07
SYF 0.91
BNY 0.76
L 0.51
RJF 0.06
KKR -
AMP -
ACGL -

RevenueSales growthOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	$5.5B	$5.7B	$5.8B	$10.2B	$14.9B	$16.2B	$17.7B	$19.1B	$20.5B	$21.2B
KKR Dec	$2.0B	$3.6B	$2.4B	$4.2B	$4.2B	$16.2B	$5.7B	$14.5B	$21.9B	$19.5B
AMP Dec	$11.8B	$12.2B	$12.9B	$13.1B	$12.0B	$13.4B	$14.3B	$16.1B	$17.9B	$18.9B
BNY Dec	$15.2B	$15.5B	$16.4B	$16.5B	$15.8B	$15.9B	$16.5B	$17.7B	$18.6B	$20.1B
TFC Dec	$10.8B	$11.3B	$11.6B	$12.6B	$22.7B	$22.3B	$20.0B	$20.0B	$13.3B	$20.3B
SYF Dec	$13.9B	$15.3B	$16.4B	$17.2B	$14.8B	$14.7B	$16.0B	$17.3B	$19.5B	$19.0B
L Dec	$13.1B	$13.7B	$14.1B	$14.9B	$12.6B	$14.7B	$14.0B	$15.9B	$17.5B	$18.5B
ACGL Dec	$4.5B	$5.6B	$5.5B	$6.9B	$9.2B	-	$9.6B	$13.6B	$17.4B	$19.9B
AON Dec	$9.4B	$10.0B	$10.8B	$11.0B	$11.1B	$12.2B	$12.5B	$13.4B	$15.7B	$17.2B
RJF Sep	$5.5B	$6.5B	$7.5B	$8.0B	$8.2B	$9.9B	$11.3B	$13.0B	$14.9B	$15.9B
Peer median	$10.8B	$11.3B	$11.6B	$12.6B	$12.0B	$14.7B	$14.0B	$15.9B	$17.5B	$19.0B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	+4.8%	+3.5%	+2.2%	+74.9%	+45.8%	+9.3%	+9.3%	+7.6%	+7.1%	+3.6%
KKR Dec	−41.5%	+39.5%	+19.4%	−2.8%	+0.2%	+284%	−64.8%	+154%	+50.9%	−11.0%
AMP Dec	−3.8%	+2.9%	+6.1%	+1.4%	−8.7%	+12.4%	+7.1%	+12.3%	+11.4%	+5.5%
BNY Dec	+0.6%	+2.2%	+5.5%	+0.4%	−4.0%	+0.8%	+2.8%	+7.1%	+5.2%	+7.8%
TFC Dec	+12.3%	+4.9%	+2.1%	+8.7%	+80.7%	−1.8%	−10.4%	+0.2%	−33.7%	+53.0%
SYF Dec	+11.1%	+10.3%	+7.1%	+4.8%	−13.8%	−0.6%	+8.7%	+8.0%	+13.0%	−2.8%
L Dec	−2.3%	+11.4%	−2.0%	−0.4%	−27.1%	−28.9%	+4.1%	+13.1%	+22.6%	+9.7%
ACGL Dec	+13.4%	+26.1%	−3.1%	+27.1%	+8.7%	-	+3.9%	+41.8%	+27.9%	+14.3%
AON Dec	−0.7%	+6.3%	+7.7%	+2.3%	+0.5%	+10.2%	+2.3%	+7.2%	+17.4%	+9.4%
RJF Sep	+4.0%	+18.2%	+14.6%	+7.3%	+1.8%	+21.3%	+14.1%	+14.9%	+14.9%	+6.6%
Peer median	+0.6%	+10.3%	+6.1%	+2.3%	+0.2%	+5.5%	+3.9%	+12.3%	+14.9%	+7.8%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	26.2%	26.9%	30.1%	15.8%	12.5%	14.1%	21.1%	26.3%	28.7%	27.5%
KKR Dec	-	-	-	-	-	-	-	-	-	-
AMP Dec	-	-	-	-	-	-	-	-	-	-
BNY Dec	-	-	-	-	-	-	-	-	-	-
TFC Dec	-	-	-	-	-	-	-	-	-	-
SYF Dec	-	-	-	-	-	-	-	-	-	-
L Dec	-	-	-	-	-	-	-	-	-	-
ACGL Dec	-	-	-	-	-	-	-	-	-	-
AON Dec	19.2%	10.7%	14.3%	19.7%	25.1%	17.1%	29.4%	28.3%	24.4%	25.3%
RJF Sep	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	16.9%	21.9%	20.4%	8.8%	6.5%	8.2%	14.3%	16.1%	15.3%	16.4%
KKR Dec	15.2%	28.6%	47.2%	47.5%	47.3%	29.2%	−9.1%	25.7%	14.1%	12.2%
AMP Dec	11.1%	12.2%	16.2%	14.4%	12.8%	25.5%	22.0%	15.9%	19.0%	18.8%
BNY Dec	23.3%	26.3%	26.0%	27.0%	22.9%	23.6%	15.5%	18.7%	24.3%	27.6%
TFC Dec	20.9%	19.6%	26.5%	24.1%	18.4%	27.1%	29.7%	−7.3%	33.7%	24.5%
SYF Dec	16.2%	12.6%	17.0%	21.8%	9.4%	28.7%	18.8%	12.9%	17.9%	18.7%
L Dec	5.0%	8.5%	4.5%	6.2%	−7.4%	10.7%	5.9%	9.0%	8.1%	9.0%
ACGL Dec	15.5%	11.0%	13.9%	23.6%	23.3%	-	15.4%	32.6%	24.7%	22.1%
AON Dec	14.8%	12.3%	10.5%	13.9%	17.8%	10.3%	20.7%	19.2%	16.9%	21.5%
RJF Sep	9.6%	9.7%	11.5%	12.9%	10.0%	14.2%	13.3%	13.4%	13.9%	13.4%
Peer median	15.2%	12.3%	16.2%	21.8%	17.8%	24.6%	15.5%	15.9%	17.9%	18.8%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	$1.1B	$1.2B	$1.2B	$2.1B	$3.2B	$2.9B	$3.1B	$3.8B	$5.1B	$4.3B
KKR Dec	−$1.5B	−$3.6B	−$7.7B	−$5.9B	-	-	-	-	-	-
AMP Dec	$2.2B	$1.4B	$2.4B	$2.2B	$4.5B	$3.2B	$4.2B	$4.5B	$6.4B	$8.2B
BNY Dec	$5.4B	$3.5B	$4.9B	−$1.1B	$3.8B	$1.6B	$13.7B	$4.7B	−$782.0M	$5.2B
TFC Dec	-	-	$4.0B	$1.3B	$6.6B	$7.5B	$10.5B	-	-	-
SYF Dec	-	-	-	-	-	-	-	-	-	-
L Dec	$803.0M	$1.6B	$3.2B	$700.0M	$1.0B	$2.1B	$2.7B	$3.2B	$2.4B	$2.7B
ACGL Dec	$1.4B	$1.1B	$1.5B	$2.0B	$3.4B	-	$3.8B	$5.7B	$6.6B	$6.1B
AON Dec	$2.2B	$551.0M	$1.4B	$1.6B	$2.6B	$2.0B	$3.0B	$3.2B	$2.8B	$3.2B
RJF Sep	−$695.1M	−$315.0M	$750.0M	$439.0M	$3.9B	$6.6B	−$19.0M	−$3.7B	$1.9B	$2.2B
Peer median	$1.4B	$1.1B	$2.0B	$998.0M	$3.8B	$2.7B	$3.8B	$3.9B	$2.6B	$4.2B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	20.7%	21.0%	20.5%	20.4%	21.9%	17.7%	17.7%	19.8%	24.7%	20.3%
KKR Dec	−73.7%	−102.0%	−321.8%	−139.2%	-	-	-	-	-	-
AMP Dec	18.9%	11.2%	18.8%	16.8%	37.4%	23.9%	29.5%	28.0%	35.8%	43.2%
BNY Dec	35.8%	22.3%	29.8%	−6.8%	24.1%	10.2%	83.0%	26.5%	−4.2%	25.8%
TFC Dec	-	-	34.5%	10.3%	29.2%	33.4%	52.7%	-	-	-
SYF Dec	-	-	-	-	-	-	-	-	-	-
L Dec	6.1%	11.4%	22.9%	4.7%	8.2%	14.6%	18.9%	20.3%	13.7%	14.6%
ACGL Dec	30.5%	19.1%	28.1%	29.0%	36.6%	-	39.2%	41.8%	38.0%	30.7%
AON Dec	23.1%	5.5%	13.4%	14.6%	23.9%	16.8%	24.2%	23.8%	17.9%	18.7%
RJF Sep	−12.6%	−4.8%	10.0%	5.5%	48.3%	66.3%	−0.2%	−28.4%	13.1%	14.1%
Peer median	18.9%	11.2%	20.9%	7.9%	29.2%	20.4%	29.5%	25.2%	15.8%	22.3%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	36.6%	45.6%	51.8%	2.7%	3.0%	4.3%	8.2%	10.3%	11.6%	13.5%
KKR Dec	-	14.2%	13.1%	18.6%	14.6%	26.9%	−2.8%	16.3%	13.0%	7.7%
AMP Dec	20.9%	24.7%	37.5%	32.0%	25.0%	70.6%	82.8%	54.0%	65.1%	54.4%
BNY Dec	9.1%	9.9%	10.5%	10.7%	7.9%	8.7%	6.3%	8.1%	11.0%	12.5%
TFC Dec	7.5%	7.5%	10.1%	4.5%	5.9%	8.7%	9.8%	−2.5%	7.0%	7.6%
SYF Dec	15.9%	13.6%	19.0%	24.8%	10.9%	30.9%	23.4%	16.1%	21.1%	21.2%
L Dec	3.6%	6.1%	3.4%	4.9%	−5.2%	8.8%	5.7%	9.1%	8.3%	8.9%
ACGL Dec	8.4%	6.7%	8.0%	14.2%	15.9%	-	11.4%	24.2%	20.7%	18.2%
AON Dec	25.5%	26.8%	27.3%	45.4%	56.3%	118.3%	n/m	n/m	43.4%	39.5%
RJF Sep	10.8%	11.4%	13.5%	15.7%	11.5%	17.0%	16.0%	17.0%	17.7%	17.1%
Peer median	10.0%	11.4%	13.1%	15.7%	11.5%	22.0%	10.6%	16.2%	17.7%	17.1%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	1.80	1.79	2.60	0.66	0.64	0.69	0.69	0.77	0.92	1.12
KKR Dec	-	2.98	2.62	2.51	2.44	2.10	-	-	-	-
AMP Dec	-	-	-	0.52	-	-	-	-	-	-
BNY Dec	0.63	0.68	0.72	0.66	0.57	0.60	0.75	0.77	0.75	0.76
TFC Dec	0.78	0.96	0.96	0.89	0.64	0.59	1.10	1.08	1.01	1.07
SYF Dec	1.42	1.46	1.63	1.32	1.24	1.06	1.10	1.15	0.93	0.91
L Dec	0.59	0.60	0.61	0.60	0.57	0.51	0.63	0.57	0.52	0.51
ACGL Dec	-	-	-	-	-	-	-	-	-	-
AON Dec	1.19	1.37	1.56	2.39	2.34	9.95	n/m	n/m	2.90	1.69
RJF Sep	-	-	-	-	-	0.00	0.00	-	-	0.06
Peer median	0.78	1.16	1.26	0.89	0.94	0.60	0.75	0.92	0.93	0.83

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FISV Dec	$2.08	$2.89	$2.87	$1.71	$1.40	$1.99	$3.91	$4.98	$5.38	$6.34
KKR Dec	-	-	-	-	-	-	-	-	-	-
AMP Dec	$7.81	$9.44	$14.20	$13.92	$12.20	$28.48	$27.70	$23.71	$33.05	$36.28
BNY Dec	$3.15	$3.72	$4.04	$4.51	$3.83	$4.14	$2.88	$3.89	$5.80	$7.40
TFC Dec	$2.77	$2.74	$3.91	$3.71	$3.08	$4.47	$4.43	−$1.09	$3.36	$3.82
SYF Dec	$2.71	$2.42	$3.74	$5.56	$2.27	$7.34	$6.15	$5.19	$8.55	$9.28
L Dec	$1.93	$3.45	$1.99	$3.07	−$3.32	$6.00	$3.38	$6.29	$6.41	$7.97
ACGL Dec	$1.78	$1.36	$1.73	$3.87	$5.23	-	$3.80	$11.62	$11.19	$11.60
AON Dec	$5.16	$4.70	$4.59	$6.37	$8.45	$5.55	$12.14	$12.51	$12.49	$17.02
RJF Sep	$3.65	$4.33	$5.75	$4.78	$3.88	$6.63	$6.98	$7.97	$9.70	$10.30
Peer median	$2.96	$3.58	$3.98	$4.64	$3.85	$6.00	$5.29	$7.13	$9.12	$9.79

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out FISV and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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.