Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results August 6, 2026
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward- Looking Statements and Non- GAAP Financial Measures Forward - Looking Statements This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 , including statements regarding anticipated adjusted revenue growth, organic r
Slide 3: Key 2Q Takeaways
Key 2Q Takeaways • Adjusted revenue of $5.0bn, adjusted operating income of $1.6bn, and adjusted earnings per share of $1.84 in 2Q26 • 1H26 results (- 3% Y/Y adjusted revenue, 31% adjusted operating margin) in- line with 1H26 May Investor Day view • Underlying transaction, volume and account metrics
Slide 4: 2Q Updates on One Fiserv Action Plan
2Q Updates on One Fiserv Action Plan Operating with a client - first • 70%+ reduction in client incidents in Financial Solutions mindset to win new enterprise • Merchant Solutions continues to operate at five 9s clients and grow average • Implemented further AI - based contact center capabilities ac
Slide 5: Company Financial Metrics
Company Financial Metrics Adjusted Revenue Adjusted Operating Margin % Adjusted EPS 2Q: (4%) YTD: (3%) 2Q: (780 bps) YTD: (790 bps) 2Q: (26%) YTD: (21%) 39.6% $2.47 $5,196 $4,919 $4,900 $4,963 37.0% $4,675 34.9% 31.8% $2.04 $1.99 29.7% $1.84 $1.79 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q
Slide 6: Merchant Solutions Highlights
Merchant Solutions Highlights Adjusted Revenue Adjusted Revenue Organic Revenue $2,644 $2,608 2Q 2Q YTD 2Q YTD $2,586 $2,538 Business Line $ %∆ %∆ %∆ %∆ $2,373 Small Business $1,760 (1%) 0% 0% (1%) Enterprise $584 (1%) 1% 0% 2% Processing $264 (6%) (8%) (8%) (11%) Total $2,608 (1%) (1%) (1%) (1%) 2Q
Slide 7: Financial Solutions Highlights
Financial Solutions Highlights Adjusted Revenue Adjusted Revenue Organic Revenue $2,552 2Q 2Q YTD 2Q YTD $2,333 $2,362 $2,302 $2,355 Business Line $ %∆ %∆ %∆ %∆ Digital Payments $993 (6%) (5%) (6%) (5%) Issuing $784 (10%) (8%) (10%) (8%) Banking $578 (8%) (6%) (10%) (8%) Total $2,355 (8%) (6%) (8%)
Slide 8: Capital Allocation and Free Cash Flow
Capital Allocation and Free Cash Flow Capital Expenditures Free Cash Flow Conversion 1 Share Repurchases Trailing 12 months | $ millions Trailing 12 months Trailing 12 months | $ billions $6.9 99% 103% $1,905 $1,615 $1.5 12 months 12 months 12 months ended June 2025 June 2026 ended June 2025 June 20
Slide 9: Updated Guidance
Updated Guidance Previous Updated Medium- Term Outlook Key Financial Metrics (2026) (2026) (2027 – 2029) Organic Revenue Growth 1% – 3% (1%) – 0% — Adjusted Revenue Growth 1% – 3% (1.5%) – (0.5%) 4% - 6% CAGR 3 ~50 bps annually + 200 bps+ of Adjusted Operating Margin ~34% 31% – 31.5% cumulative marg
Slide 10: Appendix
Appendix — soy here se fiserv.
Slide 11: Non-GAAP Financial Measures
Non - GAAP Financial Measures Use of Non - GAAP Financial Measures This presentation includes the following unaudited non - GAAP financial measures: “adjusted revenue,” “change in adjusted revenue, ” “adjusted revenue growth,” “capital expenditures as a percentage of adjusted revenue,” “organic reve
Slide 12: Adjusted Revenue and Adjusted Operating Income
Adjusted Revenue and Adjusted Operating Income Total Company 2Q26 1Q26 4Q25 3Q25 2Q25 YTD26 YTD25 GAAP revenue $ 5,292 $ 5,027 $ 5,284 $ 5,263 $ 5,516 $ 10,319 $ 10,646 Adjustments: Postage reimbursements (329) (352) (384) (344) (320) (681) (661) Adjusted revenue $ 4,963 $ 4,675 $ 4,900 $ 4,919 $ 5,
Slide 13: Adjusted and Organic Revenue by Segment
Adjusted and Organic Revenue by Segment Three Months Ended June 30, Six Months Ended June 30, 2026 2025 Change 2026 2025 Change Total Company GAAP revenue $ 5,292 $ 5,516 (4)% $ 10,319 $ 10,646 (3)% Postage reimbursements (329) (320) (681) (661) Adjusted revenue $ 4,963 $ 5,196 (4)% $ 9,638 $ 9,985
Slide 14: Adjusted and Organic Revenue by Segment (cont.)
Adjusted and Organic Revenue by Segment (cont.) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Corporate and Other GAAP revenue $ 329 $ 320 $ 681 $ 661 Postage reimbursements (329) (320) (681) (661) Adjusted revenue 4 $ — $ — $ — $ — $ in millions, unaudited. See “Non - GA
Slide 15: Adjusted and Organic Revenue by Business Line
Adjusted and Organic Revenue by Business Line Three Months Ended June 30, Six Months Ended June 30, 2026 2025 Change 2026 2025 Change Small Business GAAP revenue 1 $ 1,760 $ 1,774 (1)% $ 3,369 $ 3,368 —% Currency impact 2 5 — 11 — Acquisition adjustments — — (35) — Organic revenue 3 $ 1,765 $ 1,774
Slide 16: Adjusted and Organic Revenue by Business Line (cont.)
Adjusted and Organic Revenue by Business Line (cont.) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 Change 2026 2025 Change Digital Payments GAAP revenue 1, 4 $ 993 $ 1,051 (6)% $ 1,940 $ 2,046 (5)% Issuing GAAP revenue 1 $ 784 $ 876 (10)% $ 1,553 $ 1,690 (8)% Currency impact 2 1 —
Slide 17: Adjusted and Organic Revenue by Business Line (cont.)
Adjusted and Organic Revenue by Business Line (cont.) 1 For all periods presented, there were no adjustments to GAAP revenue and thus adjusted revenue is equal to the GAAP revenue p res ented. 2 Currency impact is measured as the increase or decrease in adjusted revenue for the current period by app
Slide 18: Organic Revenue - Argentina Impact
Organic Revenue - Argentina Impact Three Months Ended June 30, Six Months Ended June 30, 2026 2025 Change 2026 2025 Change Total Company GAAP Revenue $ 5,292 $ 5,516 $ 10,319 $ 10,646 Postage reimbursements (329) (320) (681) (661) Adjusted revenue $ 4,963 $ 5,196 (4)% $ 9,638 $ 9,985 (3)% Currency i
Slide 19: Adjusted Net Income and Adjusted EPS
Adjusted Net Income and Adjusted EPS TTM 2Q26 2Q26 1Q26 4Q25 3Q25 TTM 2Q25 2Q25 1Q25 4Q24 3Q24 GAAP net income attributable to Fiserv $ 2,801 $ 627 $ 571 $ 811 $ 792 $ 3,379 $ 1,026 $ 851 $ 938 $ 564 Adjustments: Merger and integration costs 1 88 23 29 12 24 45 8 15 22 — One Fiserv transformation pr
Slide 20: Adjusted Net Income and Adjusted EPS (cont.)
Adjusted Net Income and Adjusted EPS (cont.) 2Q26 1Q26 4Q25 3Q25 2Q25 YTD26 YTD25 GAAP EPS attributable to Fiserv - diluted $ 1.17 $ 1.07 $ 1.51 $ 1.46 $ 1.86 $ 2.24 $ 3.36 Adjustments - net of income taxes: Merger and integration costs 1 0.03 0.04 0.02 0.03 0.01 0.08 0.03 One Fiserv transformation
Slide 21: Adjusted Net Income and Adjusted EPS (cont.)
Adjusted Net Income and Adjusted EPS (cont.) 1 Represents acquisition and related integration costs incurred in connection with acquisitions. Merger and integration costs i nc lude $9 million and $21 million of third - party professional service fees and $12 million and $26 million of retention awar
Slide 22: Free Cash Flow
Free Cash Flow TTM 2Q26 2Q26 1Q26 4Q25 3Q25 TTM 2Q25 2Q25 1Q25 4Q24 3Q24 Net cash provided by operating activities $ 5,831 $ 1,483 $ 599 $ 1,944 $ 1,805 $ 6,772 $ 1,665 $ 648 $ 2,221 $ 2,238 Capital expenditures (1,905) (498) (458) (442 ) (507) (1,615) (479) (335) (399) (402) Adjustments: Distributi
Slide 23: Additional Information - Amortization Expense
Additional Information – Amortization Expense Total Amortization 2Q26 2Q25 YTD26 YTD25 Acquisition - related intangible assets $ 315 $ 342 $ 626 $ 673 Capitalized software and other intangibles 220 188 429 364 Purchased software 52 51 105 103 Financing costs and debt discounts 13 11 25 22 Sales comm
Slide 24: 2026 Performance Outlook
2026 Performance Outlook Growth 2026 GAAP revenue (1.5%) - (0.5%) Postage reimbursements 0% 2026 Adjusted revenue (1.5%) - (0.5%) Currency impact 1 0% Acquisition adjustments (0.5%) Divestiture adjustments 2 1% 2026 Organic revenue 3 (1%) - 0% See “Non - GAAP Financial Measures” slide for additional