Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
A small, lumpy line swings the whole margin
Product is 18.9% of revenue, yet lost license and data sales, which the filing calls high margin, drove the revenue fall.
For investorsWhat has to happen for the margin to rebuild
For foundersSelling through banks: the partner-channel playbook
Expenses rose 12.0% while revenue fell 4.1%, so a modest sales decline became a steep fall in profit.
The Financial segment earned $912M against a company total of $1,015M, because Corporate and Other carries acquisition amortization and transformation costs.
Operating cash flow of $1,483M was more than double net income, largely because acquisition amortization lowers earnings without using cash.
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Business Lens describes Fiserv from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
