FISERV INC — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 28/100
What the filing says
Fiserv recorded a non-cash $6.45 billion goodwill impairment charge in Q3 2026 (triggered by sustained stock price decline), resulting in GAAP EPS of $(11.17) vs. adjusted EPS of $1.75. The company completed the sale of its student loan servicing business and formed MoneyPass Group JV (retaining minority stake), raised Project Elevate cost-savings target from $500M to $1B, and plans $500M share repurchase in Q4 2026. Full-year organic revenue and adjusted EPS guidance remain unchanged at (1%)–0% and $7.20–$7.40, respectively.
Why this rating
Goodwill impairment is non-cash but signals prior M&A value destruction (~6.9% of $93.9B market cap). Core operations weak: organic revenue flat YTD, adjusted operating margin down ~7–8 points YoY. Offset partly by cost initiatives and modest divestitures. Routine for distressed portfolio reviews, but confirms underlying business pressure.
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