Fiserv (FISV) financial statements
Fiserv reported revenue of $21.2B in fiscal 2025, up 16.2% a year over 9 years.
Net income was $3.5B and the operating margin 27.5%, against 26.2% in 2016.
Free cash flow was $4.3B.
The diluted share count rose 23% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fiserv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.5B | $5.7B | $5.8B | $10.2B | $14.9B | $16.2B | $17.7B | $19.1B | $20.5B | $21.2B |
| Cost of revenue | $747M | $733M | $745M | — | — | — | — | — | — | — |
| Gross profit | $4.8B | $5.0B | $5.1B | — | — | — | — | — | — | — |
| Selling, general and admin | $1.1B | $1.1B | $1.2B | $3.3B | $5.7B | $5.8B | $6.1B | $6.6B | $6.6B | $6.9B |
| Operating income | $1.4B | $1.5B | $1.8B | $1.6B | $1.9B | $2.3B | $3.7B | $5.0B | $5.9B | $5.8B |
| Interest expense | $163M | $176M | $193M | $507M | $716M | $696M | $746M | $1.0B | $1.2B | $1.5B |
| Pre-tax income | $1.3B | $1.4B | $1.6B | $1.1B | $1.2B | $1.7B | $2.9B | $3.9B | $4.5B | $4.3B |
| Income tax | $492M | $158M | $378M | $198M | $196M | $363M | $551M | $754M | $641M | $811M |
| Net income | $930M | $1.2B | $1.2B | $893M | $958M | $1.3B | $2.5B | $3.1B | $3.1B | $3.5B |
| EPS (diluted) | $2.08 | $2.89 | $2.87 | $1.71 | $1.40 | $1.99 | $3.91 | $4.98 | $5.38 | $6.34 |
| Diluted shares | 448M | 431M | 414M | 523M | 683M | 672M | 648M | 616M | 582M | 549M |
| Gross margin | 86.4% | 87.1% | 87.2% | — | — | — | — | — | — | — |
| Operating margin | 26.2% | 26.9% | 30.1% | 15.8% | 12.5% | 14.1% | 21.1% | 26.3% | 28.7% | 27.5% |
| Net margin | 16.9% | 21.9% | 20.4% | 8.8% | 6.5% | 8.2% | 14.3% | 16.1% | 15.3% | 16.4% |
Balance sheet
Fiscal years, from Fiserv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | — | $415M | $893M | $906M | $835M | $902M | $1.2B | $1.2B | $798M |
| Receivables | $902M | $997M | $1.0B | $2.8B | $2.5B | $2.9B | $3.6B | $3.6B | $3.7B | $4.0B |
| Total current assets | $1.7B | $2.0B | $2.2B | $17.0B | $16.2B | $18.9B | $27.5B | $34.8B | $23.5B | $24.7B |
| Property, plant and equipment | $405M | $390M | $398M | $1.6B | $1.6B | $1.7B | $2.0B | $2.2B | $2.4B | $3.1B |
| Goodwill | $5.4B | $5.6B | $5.7B | $36.0B | $36.3B | $36.4B | $36.8B | $37.2B | $36.6B | $37.7B |
| Total assets | $9.7B | $10.3B | $11.3B | $77.5B | $74.6B | $76.2B | $83.9B | $90.9B | $77.2B | $80.1B |
| Total current liabilities | $1.8B | $1.9B | $2.0B | $15.7B | $15.6B | $18.3B | $26.5B | $33.6B | $22.2B | $23.9B |
| Long-term debt | $4.5B | $4.9B | $6.0B | $21.6B | $20.3B | $20.7B | $20.9B | $22.4B | $23.7B | $27.8B |
| Total liabilities | $7.2B | $7.6B | $9.0B | $42.7B | $41.3B | $44.3B | $52.2B | $60.2B | $49.5B | $54.3B |
| Shareholders' equity | $2.5B | $2.7B | $2.3B | $33.0B | $32.3B | $31.0B | $30.8B | $29.9B | $27.1B | $25.8B |
| Net debt | — | — | $5.5B | $21.0B | $19.8B | $20.4B | $20.5B | $21.9B | $23.6B | $28.2B |
Cash flow
Fiscal years, from Fiserv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.5B | $1.6B | $2.8B | $4.1B | $4.0B | $4.6B | $5.2B | $6.6B | $6.1B |
| Capital spending | $290M | $287M | $360M | $721M | $900M | $1.2B | $1.5B | $1.4B | $1.6B | $1.8B |
| Free cash flow | $1.1B | $1.2B | $1.2B | $2.1B | $3.2B | $2.9B | $3.1B | $3.8B | $5.1B | $4.3B |
| Stock-based compensation | $68M | $63M | $73M | $229M | $369M | $239M | $323M | $342M | $367M | $357M |
| Share buybacks (net) | -$1.2B | -$1.2B | -$1.9B | — | — | — | — | — | — | — |
| Net borrowing | $2.1B | $2.3B | $5.0B | $20.0B | $8.9B | $8.2B | $3.5B | $4.1B | $7.1B | $6.1B |
| Free cash flow margin | 20.7% | 21.0% | 20.5% | 20.4% | 21.9% | 17.7% | 17.7% | 19.8% | 24.7% | 20.3% |
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Open FISV in InvestinglyQuestions
What was Fiserv's revenue in 2025?
$21.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Fiserv generate?
$4.3B in fiscal 2025 (operating cash flow minus capital spending).
From Fiserv's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.