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Fiserv key statistics and ratios

In fiscal 2025, Fiserv had return on equity of 13.2% and a net margin of 16.4%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin11.7%12.0%11.0%13.8%13.5%14.9%13.6%16.9%21.9%20.4%8.8%6.5%8.2%14.3%16.1%15.3%16.4%13.4%
Return on equity15.7%15.9%14.6%18.3%18.5%21.9%23.9%35.8%47.3%47.3%5.1%2.9%4.2%8.2%10.1%11.0%13.2%10.6%
Return on assets5.7%6.0%5.6%7.2%7.2%8.0%7.6%9.7%12.4%11.0%2.0%1.3%1.8%3.2%3.5%3.7%4.4%3.5%
Effective tax rate37.2%38.0%35.1%34.1%36.5%36.7%35.7%38.6%11.6%24.3%18.3%16.7%21.8%18.9%19.3%14.2%19.0%16.8%
SG&A as % of revenue18.4%17.9%18.5%18.6%20.3%19.2%19.7%20.0%20.2%21.1%32.2%38.1%35.8%34.2%34.4%32.1%32.5%34.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $80.9bn
Short-term assets $25.4bnLonger-term assets $55.5bn
What it owes, and who funded it · $80.9bn
Short-term liabilities $24.3bnLonger-term liabilities $29.7bnShareholders' equity $26.9bn
  • Short-term assets cover short-term liabilities $25.4bn of assets due within a year against $24.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $25.4bn short-term assets against $29.7bn of longer-dated liabilities.
  • More cash than debt $627m of cash against $27.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 104% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 67% to 104% over five years.
  • A year's operating cash flow covers at least 20% of debt $5.8bn of operating cash flow against $27.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $4.7bn against $1.6bn of interest.

From Fiserv's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

67 /100

Moderate moat

How hard Fiserv's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.6% of total assets over 10 years.

  • Durability 14 / 20

    Operating margin has been a median 24.1%; its worst year was 11.4%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 19.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 20.9% over five years; stock-based pay has been a median 1.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: FISV vs XYZFISV vs PYPLFISV vs MA

More: Transaction & Payment Processing Services stocks compared, Financials sector, rankings of US companies

Figures from Fiserv's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fiserv.