Fiserv reported full-year 2025 GAAP revenue of $21.19 billion on 10 February 2026, a 4 per cent increase on the prior year, with 5 per cent growth in Merchant Solutions and 2 per cent growth in Financial Solutions. The results covered the twelve months to 31 December 2025; in the fourth quarter, organic revenue was flat, Financial Solutions revenue fell 2 per cent and adjusted EPS fell 21 per cent, in line with the reset outlook the company gave in October.
Full-year adjusted earnings per share came in at $8.64, while free cash flow reached $4.44 billion. The company also provided guidance for 2026, projecting organic revenue growth of between 1 and 3 per cent and adjusted EPS in the range of $8.00 to $8.30.
CLOVER POSTS 23 PER CENT ANNUAL REVENUE GROWTH
Clover is Fiserv's small and medium-sized business payments platform. Clover delivered 23 per cent revenue growth for the full year. In the fourth quarter, Clover grew revenue by 12 per cent.
The broader Merchant Solutions division, within which Clover sits, posted organic revenue growth of 6 per cent for the full year.
2026 GUIDANCE
The adjusted EPS guidance of $8.00 to $8.30 is below the $8.64 achieved in 2025.
CEO Mike Lyons described the fourth quarter as the first full quarter of executing the company's One Fiserv plan.