GAAP revenue decreased 1% and organic revenue was flat in the quarter;
GAAP EPS of $(11.17) and adjusted EPS of $1.75 in the quarter;
Company affirms 2026 organic revenue and adjusted EPS outlook;
Company raises Project Elevate savings target to $1 billion, up from $500 million;
Company expects to repurchase $500 million of shares in the fourth quarter of 2026
https://investors.fiserv.com/news-releases/news-release-details/fiserv-reports-third-quarter-2026-results
Their only move is cutting 3000 employees
Super short term imo
They haven't actually done anything to bring in more revenue as far as I can see. Commerce hub potentially but that's it.
clover volumes rose while merchant numbers stayed flat / fell = merchants migrated to clover it's not new business
@ak 3000 to be exact
It takes over 2000 associates getting laid off in Sept to hit numbers.
Considering Takis is from the same firm as FB, who would like to hedge bets that he's fudging the numbers elsewhere?
$158 million in Q3 transformation-program expenses, separate from the $83 million severance charge. Is Fiserv spending money to retain certain employees?
Stock up 10% in premarket.
Takis it's embarrassing that you posted this thread and then replied to yourself 😳
The worst nightmare for many people on this board is watching Fiserv stock skyrocket
Success for whom? Certainly not the people who were laid off or the people left behind doing 3 jobs without the tribal knowledge.