Fiserv Reports Q3 2026 Results with Increased Efficiency Targets and Core Banking Recovery
Fiserv (FISV) reported third-quarter results characterized by a transition period, noting that the company has passed its revenue trough. While adjusted revenue fell 1% to $4.85 billion due to divestiture headwinds and nonrecurring comparisons, organic revenue remained flat. The company faced a significant GAAP EPS loss of $11.17 driven by a $6.45 billion non-cash goodwill impairment charge. Despite these challenges, management highlighted signs of operational recovery, including a 17% reduction in core banking losses and a 50% increase in core banking wins. To drive long-term value, Fiserv increased its 'Project Elevate' savings target from $500 million to $1 billion by leveraging AI and architectural simplification. The company also announced plans to resume capital returns with a $500 million share repurchase program scheduled for the fourth quarter.
Topics: ai_investment eps organic_growth revenue share_repurchase
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Part of the story Hudson Pacific Reports Q3 2026 Results with Increased Core FFO Guidance (13 articles)