FISVFiserv
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
The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
28.7% → 27.5% (-1.3 pts) Big change FY to 2025-12-31 vs 2024-12-31“Selling, general and administrative expenses as a percentage of total revenue in 2025 was negatively impacted by higher payments to distribution partners of approximately 60 basis points, an increase in personnel costs of approximately 50 basis points, and costs associated with our One Fiserv transformation program of approximately 20 basis points, partially offset by a reduction in amortization of acquisition related-intangible assets of approximately 80 basis points.”
Read it in the 10-K ↗
“The decrease in operating income and operating margin in our Merchant segment in 2025 was primarily due to higher payments to distribution partners, along with higher data processing costs.”
Read it in the 10-K ↗
Net income
+11.1% Big change FY to 2025-12-31 vs 2024-12-31“Effective June 2024, we mutually agreed to terminate a joint venture agreement with a merchant alliance joint venture minority partner, resulting in lower net income attributable to noncontrolling interests in 2025.”
Read it in the 10-K ↗
Cash from operations
-8.6% FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+3.6% FY to 2025-12-31 vs 2024-12-31“Small Business contributed 5% to Merchant segment revenue growth in 2025, primarily driven by volume growth, including from our Clover POS and business management platform, as well as the expansion of our merchant relationships through value-added services.”
Read it in the 10-K ↗
“Revenue at Corporate and Other increased $41 million, or 3%, in 2025 compared to 2024 due to increased postage revenue.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. 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.