Fiserv Shares Plummet 40% After Earnings Miss and Guidance Cut
Fintech giant Fiserv faced a historic selloff Wednesday, with shares cratering 40% to their lowest level since 2018. The collapse follows a double whammy of disappointing Q3 results and drastic reductions to long-term targets.
Revenue growth stalled at 1% to $5.26 billion, missing estimates by $430 million. Adjusted EPS of $2.04 fell 22% short of expectations. More alarmingly, management slashed 2025 organic revenue guidance from ~10% to 3.5-4% and EPS targets by nearly 20%.
The Milwaukee-based payments processor announced sweeping changes including a new CFO, board reshuffling, and plans to switch its NYSE listing to Nasdaq. These moves come just months after CEO Mike Lyons took the helm in May.
Today's collapse erases two-thirds of Fiserv's market value year-to-date, underscoring mounting challenges in the fintech sector. The guidance revision suggests structural issues rather than temporary headwinds.
