FISERV INC (FISV)

Fiserv, Inc. is a global provider of payments and financial services technology, publicly traded on the NASDAQ Global Select Market and included in the S&P 500. Headquartered in Milwaukee, Wisconsin, the company serves merchants, banks, credit unions, other financial institutions, and corporate and public sector clients across the U.S., Canada, and internationally (EMEA, Latin America, and Asia Pacific), with 84% of 2025 revenue from the U.S. and Canada. In 2025, Fiserv generated $21.2 billion in total revenue, $5.8 billion in operating income, and $6.1 billion in net cash from operating activities, with 80% of revenue derived from recurring, multi-year processing and services contracts.

The company operates through two segments: Merchant and Financial. The Merchant segment provides commerce-enabling products including merchant acquiring, digital commerce, mobile payments, fraud protection, stored-value solutions, SaaS, and POS devices, organized into Small (led by the Clover POS and business management platform), Enterprise (offering the Commerce Hub omnichannel platform, stored-value and bill payment services), and Processing (serving financial institutions, joint ventures, and resellers). The Financial segment delivers account processing, digital banking, card issuing, and payment solutions through three lines: Digital Payments (debit processing, fraud prevention, Zelle-enabled P2P payments, bill payment via CheckFree RXP, and ACH/wire processing through PEP+), Issuing (credit and prepaid card processing, card production, government and student loan payment processing via platforms like Optis and VisionNext), and Banking (core account processing via DNA, Finxact, Premier, CoreAdvance, Portico, and Signature, digital banking through Experience Digital, embedded finance solutions, and check processing).

Fiserv is pursuing growth through its "One Fiserv" strategic framework, emphasizing client-first enterprise growth, expansion of Clover as a leading small business platform, innovation in embedded finance and stablecoin capabilities (including the launch of FIUSD), AI-driven operational excellence via its Project Elevate initiative, and disciplined capital allocation. The company faces competition from large integrated financial technology and payment providers, merchant acquirers, ISOs, ISVs, payment networks, and technology firms, and operates in a heavily regulated environment spanning financial institution oversight, payment network rules, privacy and cybersecurity laws (including GDPR and various U.S. state laws), money transmission licensing, anti-money laundering and sanctions compliance, and emerging stablecoin regulation under the GENIUS Act. As of December 31, 2025, Fiserv employed over 38,000 people worldwide and emphasizes employee development, engagement, safety, and competitive benefits as part of its human capital strategy.