FISVMEDIUM SIGNALOPERATIONAL10-K

FISV migrated from NYSE to NASDAQ and significantly expanded its small business strategy with enhanced working capital solutions and comprehensive commerce capabilities.

The exchange migration suggests strategic repositioning toward the tech-heavy NASDAQ, while the expanded focus on small business solutions indicates FISV is investing heavily in higher-growth market segments. The removal of segment realignment language suggests the 2024 restructuring has been completed and is now operational.

Comparing 2026-02-19 vs 2025-02-20View on EDGAR →
FINANCIAL ANALYSIS

FISV delivered solid top-line growth with revenue increasing from $20.5B to $21.2B, while net income grew 11.1% to $3.5B despite rising interest expenses. The company significantly increased shareholder returns through buybacks (+59.1% to $1.9B) while reducing cash reserves by 35.4%, and deposits grew 81% to $114M, suggesting increased customer engagement in their banking solutions.

FINANCIAL STATEMENT CHANGES
Total Deposits
Balance Sheet
+81%
$63.0M$114.0M

Deposits grew 81% — expanding customer base or increased trust in the institution.

Share Buybacks
Cash Flow
+59.1%
$1.2B$1.9B

Share repurchases increased 59.1% — management returning capital, signals confidence in intrinsic value.

Cash & Equivalents
Balance Sheet
-35.4%
$1.2B$798.0M

Cash declined 35.4% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Interest Expense
P&L
+34.6%
$746.0M$1.0B

Interest expense surged 34.6% — significant debt increase or rising rates materially impacting earnings.

Net Income
P&L
+11.1%
$3.1B$3.5B

Net income grew 11.1% — bottom-line growth signals improving overall business health.

LANGUAGE CHANGES
NEW — 2026-02-19
PRIOR — 2025-02-20
ADDED
We are publicly traded on the NASDAQ Global Select Market and part of the S P 500 Index.
In 2025, we had $21.2 billion in total revenue, $5.8 billion in operating income and $6.1 billion of net cash provided by operating activities.
Additionally, we provide small businesses with comprehensive solutions that streamline operations, support seamless commerce across multiple channels, and deliver consistent and convenient customer experiences.
By optimizing payment performance and enhancing customer engagement, we help small businesses drive value, increase savings, and deliver exceptional experiences that drive growth and loyalty.
We also have enhanced our financial offerings for small businesses by providing access to working capital.
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REMOVED
We are publicly traded on the New York Stock Exchange and part of the S P 500 Index.
In 2024, we had $20.5 billion in total revenue, $5.9 billion in operating income and $6.6 billion of net cash provided by operating activities.
Effective in the first quarter of 2024, we realigned our reportable segments to correspond with changes in our business designed to further enhance operational performance in the delivery of our integrated portfolio of products and solutions to our financial institution clients (the Segment Realignment ).
Our new reportable segments are the Merchant Solutions ( Merchant ) segment and the Financial Solutions ( Financial ) segment.
Small Business We offer merchant acquiring solutions to enable small businesses to securely accept payment transactions online or in-person.
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