7/103 sources · 2 publishersUpdated Nov 3, 18:24 UTC
Fiserv raises savings target to $1B and plans $500M Q4 buyback
Fiserv reported Q3 2026 results on November 3, with revenue down 1% to $5.20 billion and adjusted earnings of $1.75 per share. The company doubled its Project Elevate savings target to $1B and plans $500 million of share repurchases in Q4. Management maintained annual adjusted earnings guidance of $7.20-$7.40 per share.
Why it matters
The planned Q4 repurchases will return capital to Fiserv shareholders, while the higher savings target could affect future cost performance. Annual adjusted earnings guidance remains unchanged at $7.20-$7.40 per share.
Key facts
- 1Fiserv plans $500 million of stock repurchases in Q4. finance.yahoo.com
- 2Fiserv raised its Project Elevate savings target to $1B. seekingalpha.com
- 3Revenue fell 1% to $5.20 billion, and adjusted earnings were $1.75 per share. finance.yahoo.com
- 4Adjusted operating margin was 31.2%, compared with 37% a year earlier. finance.yahoo.com
- 5GAAP loss was $11.17 per share, including a $6.45B goodwill impairment charge. finance.yahoo.com
- 6Management maintained annual adjusted earnings guidance at $7.20-$7.40 per share. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.