The Q1 EPS miss is a near-term negative, but the medium-term targets (4%-6% revenue CAGR, >37% margins, >$12 EPS by 2029) provide a bullish long-term narrative. Traders should watch for any guidance revisions in upcoming quarters and monitor execution on the One Fiserv plan. The stock may trade on the tension between the miss and the aspirational outlook.
Price Chart
Executive Summary
Fiserv held its Investor Day, reaffirming 2026 adjusted revenue growth of 1%-3% and adjusted EPS of $8.00-$8.30, while outlining a medium-term outlook for 4%-6% adjusted revenue CAGR through 2029 and adjusted EPS exceeding $12.00 in 2029. The company also targets adjusted operating margins above 37% by 2029 and ~90% free cash flow conversion. However, the reported Q1 2026 EPS of $1.79 missed consensus of $1.94 by 7.6%, a significant miss that tempers the bullish narrative from the long-term targets.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $1.79 missed consensus of $1.94 by 7.6%
- Reaffirmed 2026 adjusted revenue growth of 1%-3% and adjusted EPS of $8.00-$8.30
- Medium-term outlook: 4%-6% adjusted revenue CAGR 2026-2029, adjusted EPS >$12.00 in 2029
- Targets adjusted operating margins above 37% by 2029 and ~90% free cash flow conversion 2027-2029
- 2025 adjusted EPS was $8.64; 2026 guidance implies flat to slightly down adjusted EPS
Financial Impact
Q1 EPS miss of $0.15 vs consensus; long-term targets imply ~$12+ EPS by 2029, but near-term growth is muted at 1%-3% revenue growth
Risk Factors
- Q1 EPS miss may signal underlying operational challenges or margin pressure
- 2026 guidance implies flat adjusted EPS vs 2025, offering no near-term growth catalyst
- Medium-term targets depend on successful execution of One Fiserv plan and macro conditions
- Revenue growth of 1%-3% in 2026 is below historical averages for the company
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294905 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | Insider Buy | $52.72 $48.65 | ▼ −7.72% | ▼ −6.66% | $44.36 (−15.86%) |
Aug 6, 2026 8w ago | 8-K | $54.11 $52.73 | ▲ +2.55% | ▲ +3.15% | $44.36 (+18.02%) |
Jul 7, 2026 12w ago | 8-K | $50.60 $54.11 | ▲ +6.94% | ▲ +3.66% | $44.36 (−12.33%) |
Jun 26, 2026 14w ago | Institutional Cluster | $49.45 $49.97 | ▲ +1.05% | ▼ −0.21% | $44.36 (−10.29%) |
Jun 24, 2026 14w ago | Press Release | $48.19 $50.22 | ▲ +4.21% | ▲ +2.28% | $44.36 (−7.95%) |
Jun 23, 2026 14w ago | 8-K | $48.19 $50.22 | ▲ +4.21% | ▲ +2.28% | $44.36 (−7.95%) |
Jun 17, 2026 15w ago | 8-K | $47.86 $51.72 | ▲ +8.07% | ▲ +7.53% | $44.36 (−7.31%) |
Jun 17, 2026 15w ago | 424B5 | $47.86 $51.72 | ▲ +8.07% | ▲ +7.53% | $44.36 (−7.31%) |
Jun 17, 2026 15w ago | Insider Cluster | $47.86 $51.72 | ▲ +8.07% | ▲ +7.53% | $44.36 (−7.31%) |
Jun 16, 2026 15w ago | 424B5 / 8-K | $49.83 $49.54 | ▼ −0.58% | ▼ −0.78% | $44.36 (−10.98%) |
US Market Status
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