Our earnings release and supplemental materials for the quarter are available on the investor relations section of fiserv.com. You should refer to our earnings release for a discussion of these risk factors. Prior to Fiserv, I held a variety of roles at JPMorgan, including running its global payments and merchant businesses, which grew to become one of the largest in the industry during my tenure. Our free cash flow generation was above $1 billion, and importantly, our Clover GPV grew at 9%, while Clover revenues grew at 13%, adjusted for anticipation and non-recurring revenue.

Second, a slower pace of execution of some of our growth initiatives, highlighting the need to further focus our efforts and improve operational excellence. This business has a consistent history of strong, profitable, recurring revenue, and that remains intact. On top of that, we continue to see a number of significant opportunities that can accelerate our performance beyond the baseline level of recurring revenue we see today. This leads me to outlining where I'm focused and driving our teams to operate with increased urgency and accountability, namely capital allocation, focus, and product simplification.

To the first point, capital allocation, we are significantly expanding the process to review our mix of businesses and associated capital commitments. We need to increase our pace of change and simplify in a number of respects. I will cover details on total company and segment performance in the second quarter and our guidance for 2026. Beginning on slide five, total company Q2 adjusted and organic revenue was $4.96 billion, a decrease of 4% and 5% respectively, compared to the prior year period.

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Reported 2026-08-06 · figures from the Fiserv Inc Q2 2026 earnings call.

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