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12:00
May 05 ◎

FISV FY2026 Q1 Watch

Fiserv, Inc. (FISV) FY2026 Q1 Earnings Call

PNC WAL FISV ▾

Mike Lyons

PNC expanding its relationship with Fiserv for AP/AR services signals deeper adoption of Fiserv's Cashflow Central, driving recurring revenue growth.

"We expanded our longstanding digital money movement relationship with PNC Bank to include cash flow central AP and AR services for their small businesses."

PNC WATCH

Mike Lyons

Fiserv's largest agent bank partnership with WAL expands Clover's distribution reach and should drive merchant acquisition volume for both companies.

"We also announced our largest agent bank partnership in our history with Western Alliance Bank, which has more than $90 billion in assets and expands our reach with merchants across the Western U.S."

WAL WATCH

Paul Todd

Guidance maintained in line with prior commentary; Q1 results met expectations and trough is expected in Q2 with improvement in H2, keeping overall outlook neutral.

"As we told you in February, we expect the second quarter to be the trough in terms of our year-on-year revenue decline and we expect our financial solutions business to decline at the high end of mid-single digits in Q2."

FISV WATCH

HIGH

13:00
Feb 10 ◎

FISV FY2025 Q4 Watch

Fiserv, Inc. (FISV) FY2025 Q4 Earnings Call

T HOOD TD HBAN GOOGL ▾

Mike Lyons

AT&T is expanding its Commerce Hub relationship with Fiserv, indicating continued investment in its payments infrastructure.

"Some of the more meaningful wins included new and expansion Commerce Hub agreements with a leading medical device company, a large specialty retail company, and AT&T, among others."

T WATCH

Mike Lyons

Robinhood is expanding its partnership with Fiserv by adding debit processing, deepening the relationship and increasing volume.

"an expansion of our credit card relationship with Robinhood to add debit processing."

HOOD WATCH

Mike Lyons

The new strategic relationship with TD Bank is expected to accelerate growth in Canada for Fiserv's Clover platform.

"Canada grew strongly in 2025 and should further accelerate as we ramp up our new strategic relationship with TD."

TD WATCH

Mike Lyons

Fiserv is piloting stablecoin solutions with Huntington, positioning the bank to be an early adopter of new payment technologies.

"We advanced our efforts in stablecoin through the exploration of pilots with Huntington and several other banks including use cases in cross-border payments, digital escrow, and interbank money movement."

HBAN WATCH

Mike Lyons

Fiserv is collaborating with Google on agentic commerce, a significant strategic initiative that could shape the future of payments.

"We see agentic fundamentally changing the payments landscape and are working with Google, MasterCard, and Visa to bring agentic to mainstream commerce."

GOOGL WATCH

Mike Lyons

Truist is expanding its merchant services partnership with Fiserv, which could drive increased volume and revenue for both companies.

"refreshing our merchant relationship with Truist, which will now support businesses of all sizes across the bank's large footprint, including 1,900 branches"

TFC WATCH

Mike Lyons

Fiserv experienced a macroeconomic-driven slowdown in November in Clover volumes, particularly in the U.S. restaurant and retail sectors, which then re-accelerated in December and January to ~11%. — This confirms the broader industry slowdown in November was a macro event, not a Fiserv-specific issue, and provides a slightly positive read on consumer spending into early 2026.

"We see agentic fundamentally changing the payments landscape and are working with Google, MasterCard, and Visa to bring agentic to mainstream commerce."

V WATCH MA WATCH

Mike Lyons

Fiserv's acquisition of Stonecastle adds a 'unique capability' to recycle reserves from stablecoin custody back to financial institutions, a key differentiator for its stablecoin pilots with banks. — This could become a significant competitive advantage in the emerging stablecoin banking-as-a-service market, potentially impacting the competitive dynamics for other crypto infrastructure providers.

"With the closing of the Stonecastle acquisition, we introduced stablecoin custody capabilities, allowing us to recycle reserves back to financial institutions, a unique capability in the space."

COIN WATCH

Mike Lyons

The integration of Cash Flow Central into ADP's RUN platform is a significant strategic partnership that could drive adoption and revenue for both companies.

"In December, we integrated Cash Flow Central, our transformative ARAP product directly into ADP's run platform, allowing small businesses to manage their cash flow more effectively."

ADP WATCH

Mike Lyons

Fiserv's successful launch in Brazil is attributed to its partnership with Caixa, a major financial institution, indicating strong traction in the market.

"our launch in Brazil continues to be highly successful, with results tracking ahead of plan and reflecting the importance of partnering with market-leading financial institutions like Caixa."

CAIXY WATCH

Paul Todd

Guidance is in line with preliminary expectations, indicating a stable but not accelerating outlook. Management is 'laser-focused' on execution and expects margins to trough in Q1 2026 before improving in the second half.

"We expect 2026 organic revenue growth in the range of 1% to 3%, with merchant solutions revenue growth in the mid-single digits and financial solutions flat to slightly down."

FISV WATCH

HIGH

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