Key Highlights
- Fiserv reported third-quarter 2025 results with GAAP revenue growth of 1% and organic revenue growth of 1%, showing mixed performance.
- The company announced the launch of One Fiserv, a strategic plan focused on enhancing client focus and innovation.
- Fiserv expects to achieve 3.5-4% organic revenue growth and adjusted earnings per share of $8.50-$8.60 for 2025.
- Leadership changes include the appointment of new Co-Presidents and Chief Financial Officer, effective from December 1, 2025, and January 1, 2026 respectively.
Fiserv Reports Third Quarter 2025 Results
On October 29, 2025, Fiserv Inc., a leading global provider of payments and financial services technology solutions, reported its third-quarter 2025 results. The company highlighted both GAAP and non-GAAP financial measures, providing detailed insights into its performance in the quarter.
Financial Performance
Fiserv’s GAAP revenue for the third quarter of 2025 increased by 1% to $5.26 billion compared to the prior year period. The company noted a 5% growth in the Merchant Solutions segment and a 3% decline in the Financial Solutions segment. For the first nine months, GAAP revenue rose by 5% to $15.91 billion, with the Merchant Solutions segment experiencing 7% growth and the Financial Solutions segment seeing a 3% increase.
GAAP earnings per share for the third quarter were reported at $1.46, marking a 49% increase from the corresponding period in 2024.
For the first nine months, GAAP earnings per share grew by 29%, reaching $4.83. Fiserv explained that these improvements came despite a $570 million non-cash impairment charge related to one of its equity method investments in 2024.
Strategy and Leadership
To address the current performance, which was below expectations, Fiserv launched One Fiserv, an action plan aimed at prioritizing client focus. The strategy is built on five strategic pillars: operating with a client-first mindset, building the pre-eminent small business platform through Clover, creating innovative platforms in finance and commerce, delivering operational excellence enabled by AI, and employing disciplined capital allocation for long-term growth.
In terms of leadership changes, Fiserv announced significant updates. Takis Georgakopoulos and Dhivya Suryadevara will serve as Co-Presidents starting December 1, 2025. Additionally, Paul Todd has been appointed as Chief Financial Officer, effective October 31, 2025, succeeding Bob Hau who will remain a senior advisor through the first quarter of 2026 to ensure a smooth transition.
Future Outlook
Fiserv expects organic revenue growth of 3.5-4% and adjusted earnings per share of $8.50-$8.60 for 2025, reflecting cautious optimism despite the current challenges. The company also confirmed plans to acquire StoneCastle Cash Management by the first quarter of 2026, subject to regulatory approval, which is expected to enhance its capabilities in providing stable and cost-efficient deposit funding.
Further growth strategies include acquiring a portion of TD Bank’s merchant processing business in Canada, expanding Fiserv’s Clover platform footprint. The company also signed a strategic managed services program agreement with TD Bank to integrate its technology within the bank’s merchant solutions business.
Fiserv’s strong presence in the global financial technology landscape was acknowledged by being named as the #1 global financial technology provider on IDC’s FinTech Top 100 Rankings for the third consecutive year. This recognition underscores Fiserv’s commitment to innovation and its leading position in the industry.
