Fiserv shares jump nearly 8% premarket after earnings per share beat estimates
Key Facts
Fiserv shares rose nearly 8% in premarket trading on November 3, 2026, after the company reported third-quarter results, according to Investing.com. Adjusted earnings per share came in at $1.75, beating the average analyst estimate of $1.72. The company also maintained its fiscal 2026 outlook, including its adjusted earnings-per-share range. The quarterly picture, however, was mixed between adjusted profitability and the accounting result under U.S. standards. The company reported a loss of $11.17 per share, linked to a non-cash goodwill impairment expense of $6.45 billion.
Fiserv revenue under U.S. accounting standards was $5.20 billion in the third quarter, down 1% from the same period. Merchant Solutions revenue fell 3%, while Financial Solutions revenue was unchanged from the third quarter of 2025. The CFO said the quarter's performance was "in line with our expectations," pointing to a return to organic growth in the Financial Solutions segment. These indicators present a more mixed operating picture than the adjusted earnings-per-share surprise that drew attention in early trading. Company data also showed that organic revenue fell 3% in the first nine months of 2026.
In the first nine months, organic revenue declined 2% in Merchant Solutions and 4% in Financial Solutions, according to the company's statement. Fiserv maintained its 2026 organic revenue outlook at a range of a 1% decline to zero growth. It also held its annual adjusted earnings-per-share range at $7.20 to $7.40. The CFO said second-half initiatives were on track to support the revenue acceleration the company expects in the fourth quarter. He added that the company had reaffirmed its full-year guidance. That puts the expected recovery path at year-end among the key indicators to watch after quarterly results the finance chief said were in line with expectations.
Among the operating steps it announced, Fiserv raised its savings target under Project Elevate to $1 billion, from a previous estimate of $500 million. It said a review of its business portfolio had uncovered additional opportunities to improve operating efficiency. On shareholder returns, the company expects to repurchase $500 million of common stock during the fourth quarter of 2026 under its existing buyback authorization. These announcements tie part of the day's results to a cost-cutting plan and a time-bound buyback program. Execution of the savings target and second-half initiatives will be watched as the quarter in which the company expects revenue acceleration approaches.
In an update on its banking business, the CEO said net client losses in the activity had declined by more than 25% from the start of the year through the third quarter. He added that gains among major clients were beginning to broaden and that the Clover platform continued to deliver core growth. These comments offer management's indicators of client trends at a time when the company's organic revenue remained lower over the first nine months. Fiserv said its third-quarter results discussion would be livestreamed at 7 a.m. Central Time on November 3, 2026. The company had said results would be released before the market opened that day, with the webcast starting at 7 a.m. Central Time, or 8 a.m. Eastern Time.