Fiserv posts Q3 loss but beats earnings, raises cost‑savings target and announces $500 M buyback
+3 new sources since this summary was written
Fiserv Inc. reported a third‑quarter net loss of $5.94 billion, driven by a $6.45 billion goodwill impairment, while adjusted earnings per share came in at $1.75, beating estimates. Revenue was $5.20 billion on a GAAP basis and $4.85 billion on an adjusted basis, both roughly flat year‑over‑year. The company reaffirmed its full‑year 2026 adjusted EPS outlook of $7.20‑$7.40, doubled its Project Elevate cost‑savings target to $1 billion, and announced a $500 million share repurchase program for Q4.
Why it matters
The reaffirmed FY guidance and the $500 million buyback signal continued confidence in cash generation, which may support the stock price and provide liquidity to shareholders. The higher cost‑savings target could improve margins in future quarters.
Key facts
- 1Net loss of $5.94 billion, including a $6.45 billion non‑cash goodwill impairment charge. rttnews.com
- 2Adjusted earnings per share of $1.75, beating consensus estimates. investing.com
- 3GAAP revenue of $5.20 billion, a 1% decline year‑over‑year. rttnews.com
- 4Adjusted revenue of $4.85 billion, flat year‑over‑year. rttnews.com
- 5Full‑year 2026 adjusted EPS guidance reaffirmed at $7.20‑$7.40. rttnews.com
- 6Project Elevate cost‑savings target increased to $1 billion. rttnews.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.