Recent News
On June 23–24, 2025 Fiserv announced plans to launch a digital-asset platform and a USD-pegged stablecoin, FIUSD, to be integrated into its payments and banking infrastructure by year-end; the company named collaborators including Circle, Paxos and Solana and indicated interoperability plans with other stablecoins.
Technical Analysis
ADX at 35.77 signals a strong trend in place; given the valuation calling the stock under-valued, the ADX strength suggests that recent directional pressure could meaningfully influence near-term repricing relative to that valuation.
DI+ sits at 12.85 and trends decreasing, a bearish directional signal; DI- at 27.04 has dip-and-reversed into an upward move, which also reads as bearish pressure on price and reinforces the ADX reading.
MACD rests at -2.59 with a peak-and-reversal characteristic, indicating bearish momentum, while the MACD currently sits above its signal line at -2.74, creating a short-lived bullish cross despite the broader momentum weakness.
MRO equals -24.46 (negative), indicating the market price sits below the model target and implying upward pressure toward that target; the magnitude suggests a material potential for mean reversion against the current price band.
RSI at 36.93 with a peak-and-reversal indicates recent upside momentum peaked and a pullback remains in play; that relative weakness leaves room for stabilization before any sustained trend flip.
Price sits near $130.48, below the 20-day average of $134.04 and well below the 200-day average of $184.49, underscoring longer-term downside relative to historical price levels; the close sits just under the 1x Bollinger lower band of $131.86, signaling proximity to a short-term volatility support zone.
Volume at 7.26M exceeds the 10-day average of 4.44M and the 200-day average of 4.29M, indicating stronger participation during recent moves and raising the impact of current technical signals on short-term price discovery.
Fundamental Analysis
Total revenue equals $5,516,000,000 with YoY revenue growth of 64.03% and sequential revenue growth showing a quarterly contraction of -4.27% QoQ; revenue per share stands at $10.14. Earnings per share came in at $2.47 versus an estimate of $2.43, an EPS surprise of 1.65%.
Operating income reached $1,699,000,000 with an operating margin of 30.80%, up 14.09% QoQ and up 9.85% YoY; EBIT equals $1,668,000,000 and EBIT margin equals 30.24%, up 12.01% QoQ and up 7.84% YoY. The EBIT margin sits below the industry peer mean of 52.115% and below the peer median of 62.643% when measured against the available peer range.
Free cash flow equals $1,186,000,000 with a free cash flow yield of 1.43%, above the industry peer mean of 1.10%; cash flow to earnings equals 170.76% and operating cash flow equals $1,665,000,000, supporting the company’s strong cash generation profile relative to reported net income of $1,026,000,000.
Leverage remains elevated: total debt equals $29,706,000,000 with net debt at $27,317,000,000 and debt-to-EBITDA of 12.03x; debt-to-equity equals 1.18x. Interest coverage stands at 4.44x. Asset turnover equals 6.81%, below the industry peer mean of 10.611%.
Return metrics deliver modest returns: return on equity equals 4.07% (up 23.75% QoQ and up 28.16% YoY) and return on assets equals 1.27% (up 17.32% QoQ). Earnings growth YoY equals 15.97% while free cash growth YoY equals 96.97%.
Multiples show a PE of 71.08x and a price-to-book of 3.29x; price-to-sales equals 15.04x. Price multiples compressed QoQ (PE down ~29.18% QoQ; P/B down ~28.10% QoQ), while forward PE sits near 70.73x. WMDST values the stock as under-valued, with enterprise value at $112,155,080,000 and market capitalization at $82,981,080,000.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-23 |
| NEXT REPORT DATE: | 2025-10-23 |
| CASH FLOW | Begin Period Cash Flow | $ 3.4 B |
| Operating Cash Flow | $ 1.7 B | |
| Capital Expenditures | $ -479.00 M | |
| Change In Working Capital | $ -134.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -400.00 M | |
| End Period Cash Flow | $ 3.0 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 5.5 B | |
| Forward Revenue | $ 1.9 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.1 B | |
| Depreciation | $ 460.0 M | |
| Depreciation and Amortization | $ 802.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 3.8 B | |
| PROFITABILITY | ||
| Gross Profit | $ 3.4 B | |
| EBITDA | $ 2.5 B | |
| EBIT | $ 1.7 B | |
| Operating Income | $ 1.7 B | |
| Interest Income | $ 11.0 M | |
| Interest Expense | $ 376.0 M | |
| Net Interest Income | $ -365.00 M | |
| Income Before Tax | $ 1.3 B | |
| Tax Provision | $ 246.0 M | |
| Tax Rate | 19.0 % | |
| Net Income | $ 1.0 B | |
| Net Income From Continuing Operations | $ 1.0 B | |
| EARNINGS | ||
| EPS Estimate | $ 2.43 | |
| EPS Actual | $ 2.47 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 1.646 % | |
| Forward EPS | $ 2.55 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 81.5 B | |
| Intangible Assets | $ 47.9 B | |
| Net Tangible Assets | $ -22.67 B | |
| Total Current Assets | $ 26.5 B | |
| Cash and Short-Term Investments | $ 532.0 M | |
| Cash | $ 532.0 M | |
| Net Receivables | $ 4.1 B | |
| Inventory | — | |
| Long-Term Investments | $ 2.5 B | |
| LIABILITIES | ||
| Accounts Payable | $ 768.0 M | |
| Short-Term Debt | $ 1.1 B | |
| Total Current Liabilities | $ 24.3 B | |
| Net Debt | $ 27.3 B | |
| Total Debt | $ 29.7 B | |
| Total Liabilities | $ 55.8 B | |
| EQUITY | ||
| Total Equity | $ 25.2 B | |
| Retained Earnings | $ 25.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 46.35 | |
| Shares Outstanding | 544.000 M | |
| Revenue Per-Share | $ 10.14 | |
| VALUATION | Market Capitalization | $ 83.0 B |
| Enterprise Value | $ 112.2 B | |
| Enterprise Multiple | 45.407 | |
| Enterprise Multiple QoQ | -33.156 % | |
| Enterprise Multiple YoY | 14.987 % | |
| Enterprise Multiple IPRWA | high: 101.924 median: 101.924 mean: 94.236 FI: 45.407 low: -9.204 |
|
| EV/R | 20.333 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.233 | |
| Asset To Liability | 1.462 | |
| Debt To Capital | 0.541 | |
| Debt To Assets | 0.364 | |
| Debt To Assets QoQ | 3.096 % | |
| Debt To Assets YoY | 4186.471 % | |
| Debt To Assets IPRWA | high: 0.66 FI: 0.364 mean: 0.253 median: 0.251 low: 0.003 |
|
| Debt To Equity | 1.178 | |
| Debt To Equity QoQ | 7.317 % | |
| Debt To Equity YoY | 4077.695 % | |
| Debt To Equity IPRWA | high: 1.918 FI: 1.178 mean: 0.81 median: 0.665 low: 0.009 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.291 | |
| Price To Book QoQ | -28.103 % | |
| Price To Book YoY | 6.057 % | |
| Price To Book IPRWA | high: 24.006 median: 17.882 mean: 16.661 FI: 3.291 low: -4.235 |
|
| Price To Earnings (P/E) | 71.084 | |
| Price To Earnings QoQ | -29.179 % | |
| Price To Earnings YoY | 0.0 % | |
| Price To Earnings IPRWA | high: 135.569 median: 117.995 mean: 112.672 FI: 71.084 low: -7.875 |
|
| PE/G Ratio | 4.61 | |
| Price To Sales (P/S) | 15.044 | |
| Price To Sales QoQ | -34.862 % | |
| Price To Sales YoY | -12.057 % | |
| Price To Sales IPRWA | high: 24.115 median: 24.115 mean: 18.969 FI: 15.044 low: 0.147 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 70.732 | |
| Forward PE/G | 4.587 | |
| Forward P/S | 44.55 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.716 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.068 | |
| Asset Turnover Ratio QoQ | 4.638 % | |
| Asset Turnover Ratio YoY | 24.144 % | |
| Asset Turnover Ratio IPRWA | high: 0.245 mean: 0.106 median: 0.105 FI: 0.068 low: 0.026 |
|
| Receivables Turnover | 1.37 | |
| Receivables Turnover Ratio QoQ | 2.302 % | |
| Receivables Turnover Ratio YoY | -1.826 % | |
| Receivables Turnover Ratio IPRWA | high: 34.98 median: 3.608 mean: 3.117 FI: 1.37 low: 0.171 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 66.593 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.558 | |
| CapEx To Revenue | -0.087 | |
| CapEx To Depreciation | -1.041 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 52.0 B | |
| Net Invested Capital | $ 53.1 B | |
| Invested Capital | $ 53.1 B | |
| Net Tangible Assets | $ -22.67 B | |
| Net Working Capital | $ 2.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.022 | |
| Current Ratio | 1.089 | |
| Current Ratio QoQ | -0.91 % | |
| Current Ratio YoY | 2.827 % | |
| Current Ratio IPRWA | high: 1.462 median: 1.115 mean: 1.097 FI: 1.089 low: 0.872 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 12.027 | |
| Cost Of Debt | 1.048 % | |
| Interest Coverage Ratio | 4.436 | |
| Interest Coverage Ratio QoQ | 8.582 % | |
| Interest Coverage Ratio YoY | -8.922 % | |
| Interest Coverage Ratio IPRWA | high: 16.822 median: 11.472 mean: 9.203 FI: 4.436 low: -0.912 |
|
| Operating Cash Flow Ratio | 0.072 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 31.495 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.404 % | |
| Revenue Growth | 7.524 % | |
| Revenue Growth QoQ | -426.562 % | |
| Revenue Growth YoY | 64.029 % | |
| Revenue Growth IPRWA | high: 18.315 % FI: 7.524 % median: 6.025 % mean: 3.816 % low: -46.239 % |
|
| Earnings Growth | 15.421 % | |
| Earnings Growth QoQ | -204.613 % | |
| Earnings Growth YoY | 15.965 % | |
| Earnings Growth IPRWA | high: 126.549 % FI: 15.421 % median: 7.971 % mean: 5.681 % low: -60.0 % |
|
| MARGINS | ||
| Gross Margin | 61.82 % | |
| Gross Margin QoQ | 3.74 % | |
| Gross Margin YoY | 1.028 % | |
| Gross Margin IPRWA | high: 80.604 % median: 80.604 % mean: 71.652 % FI: 61.82 % low: 2.909 % |
|
| EBIT Margin | 30.239 % | |
| EBIT Margin QoQ | 12.005 % | |
| EBIT Margin YoY | 7.842 % | |
| EBIT Margin IPRWA | high: 62.643 % median: 62.643 % mean: 52.115 % FI: 30.239 % low: -3.199 % |
|
| Return On Sales (ROS) | 30.801 % | |
| Return On Sales QoQ | 14.086 % | |
| Return On Sales YoY | 9.847 % | |
| Return On Sales IPRWA | high: 66.772 % median: 66.772 % mean: 55.054 % FI: 30.801 % low: -13.969 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.2 B | |
| Free Cash Flow Yield | 1.429 % | |
| Free Cash Flow Yield QoQ | 441.288 % | |
| Free Cash Flow Yield YoY | 25.682 % | |
| Free Cash Flow Yield IPRWA | high: 6.257 % FI: 1.429 % mean: 1.099 % median: 0.934 % low: 0.582 % |
|
| Free Cash Growth | 278.914 % | |
| Free Cash Growth QoQ | -436.767 % | |
| Free Cash Growth YoY | 96.965 % | |
| Free Cash Growth IPRWA | FI: 278.914 % high: 96.942 % median: 44.437 % mean: 39.123 % low: -143.503 % |
|
| Free Cash To Net Income | 1.156 | |
| Cash Flow Margin | 31.762 % | |
| Cash Flow To Earnings | 1.708 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.267 % | |
| Return On Assets QoQ | 17.315 % | |
| Return On Assets YoY | 31.842 % | |
| Return On Assets IPRWA | high: 5.467 % median: 5.467 % mean: 4.406 % FI: 1.267 % low: -1.42 % |
|
| Return On Capital Employed (ROCE) | 2.915 % | |
| Return On Equity (ROE) | 0.041 | |
| Return On Equity QoQ | 23.753 % | |
| Return On Equity YoY | 28.157 % | |
| Return On Equity IPRWA | high: 0.204 median: 0.14 mean: 0.129 FI: 0.041 low: -0.074 |
|
| DuPont ROE | 4.016 % | |
| Return On Invested Capital (ROIC) | 2.545 % | |
| Return On Invested Capital QoQ | 18.043 % | |
| Return On Invested Capital YoY | -99.592 % | |
| Return On Invested Capital IPRWA | high: 12.347 % median: 8.429 % mean: 7.544 % FI: 2.545 % low: -0.054 % |
|