Fiserv reported third-quarter results with GAAP revenue of $5.20 billion, a 1% decrease year-over-year, driven by a decline in its Merchant Solutions segment. The company recorded a significant non-cash goodwill impairment charge of $6.45 billion, resulting in a GAAP loss per share of $(11.17). However, adjusted earnings per share came in at $1.75, and organic revenue was flat for the quarter. Management reaffirmed its full-year 2026 outlook for organic revenue between (1%) and 0% and adjusted EPS of $7.20 to $7.40. Additionally, Fiserv raised its Project Elevate cost savings target to $1 billion from $500 million and announced plans to repurchase $500 million of shares in the fourth quarter. The company operates as a global provider of payments and financial services technology solutions.
