Fiserv Cuts Outlook, Stock Plunges Over 40%

Fiserv reported weak fiscal third-quarter results, with adjusted EPS of $2.04 — well below analyst expectations of roughly $2.64 — and revenue of about $5.2–5.3 billion as organic growth slowed to roughly 1%. The company cut full-year adjusted EPS guidance to $8.50–$8.60 (from $10.15–$10.30) and trimmed expected revenue growth to 3.5–4% from 10%, citing a sharp slowdown in its Argentina business and softer merchant and financial-solutions demand. Investors punished the miss and guidance reset, sending the stock down roughly 43–47% in its largest single-day decline and erasing tens of billions in market value. Management announced a sweeping leadership overhaul — naming Takis Georgakopoulos and Dhivya Suryadevara as co-presidents, promoting Paul Todd to CFO and adding three new directors — and CEO Mike Lyons unveiled a One Fiserv action plan. The company said it will refocus on client service, product innovation (including AI and its Clover small-business offerings), operational execution and disciplined capital allocation to restore growth and investor confidence.