Fiserv Unveils Multi-Year Growth Plan, Targets >$12 EPS by 2029, and Announces ATM Business Sale
FISV is trading near its 52-week low of $52.17 (6.0% above the low).
Summary
Fiserv's Investor Day transcript details a comprehensive "One Fiserv Action Plan" with medium-term financial targets through 2029, including 4-6% revenue growth, over 37% operating margins, and over $12 EPS, supported by AI integration, a $500 million cost reduction program, and the sale of its ATM business.
Key Events · Financing and Capital Events · FISV
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Medium-Term Financial Outlook
Fiserv reaffirmed its full-year 2026 guidance (1-3% adjusted revenue growth) and introduced 2026-2029 targets, including a compounded adjusted revenue growth rate of 4-6%, adjusted operating margin in excess of 37%, and adjusted EPS over $12 by 2029.
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Project Elevate Cost Reduction
The company initiated Project Elevate, an AI-driven transformation program, targeting $500 million in net cost reduction by 2029, which is expected to add over 200 basis points to adjusted operating margin.
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Strategic AI Integration
Fiserv announced a strategic collaboration with OpenAI and detailed plans to embed AI across its businesses to drive revenue growth, cut costs, and enhance client service, including new platforms like agentOS.
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ATM Business Divestiture
Fiserv announced the sale of a majority stake in its ATM servicing and related businesses for approximately $300 million in after-tax proceeds, with plans to use the cash for share repurchase and deleveraging.
Analysis · FISV · Trade & Services
This DEFA14A provides the full transcript of Fiserv's 2026 Investor Day, detailing the company's comprehensive "One Fiserv Action Plan" and medium-term financial targets through 2029. The plan addresses past performance challenges by focusing on client service, innovation, and efficiency, aiming for significant revenue growth, margin expansion, and double-digit EPS growth. Key initiatives include deep AI integration, a major cost reduction program (Project Elevate), and the strategic divestiture of its ATM business to enhance capital allocation. This filing is critical as it lays out the detailed roadmap and financial expectations that will shape the company's investment thesis for the coming years.
At the time of this filing, FISV was trading at $55.29 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $29.5B. The 52-week trading range was $52.17 to $190.86. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.