Fiserv, Inc. (FISV)财务
NASDAQ · Technology · Information Technology Services · 员工38,000人 · CEO Takis Georgakopoulos
- 股价
- $58.40 +12.46%
- 市值
- $311亿
- 企业价值
- $576亿
- 最近财报
- Q3 '26 2026-11-04提交
- 下次财报
- 2027-02-09
营收(TTM)$208亿-1.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-11.9%-41.2 百分点 对比去年同期营业利润 -$24.7亿
净利润(TTM)-$39.3亿-209.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$31.6亿-31.6% 对比去年同期资本支出 $18.8亿
稀释EPS(TTM)-$7.42-214.7% 对比去年同期最近4个季度之和
净现金-$265亿+9.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $311亿 EV $576亿
- 营收
- $208亿 过去12个月
- 营收增速
- -8% FY2026年一致预期
- 净利润率
- -18.9% 净利润 / 营收,TTM
- P/E
- -7.9× 预期 8.0×(FY2026)
- P/S
- 1.5× 股价 / 营收,TTM
- EV / EBITDA
- 90.4× TTM
- 自由现金流
- $31.6亿 过去12个月
- 净利润
- -$39.3亿 过去12个月
- 营收预期
- $195亿 FY2026年一致预期
- 盈利
- 2027-02-09
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长平稳:同比-1.3%Q3 '26营收$52亿,此前四个季度的平均值为-1.1%。
- 营业利润率-11.9%(TTM),较去年同期-41.2 百分点营收增长-1.7%,营业利润增长-139.9%。
- 资本支出占营收的9.0%(去年为8.1%)最近4个季度投入$18.8亿(同比+9.3%)。自由现金流$31.6亿。
- 股东回报$5.99亿 = 自由现金流的19.0%回购$5.99亿(去年为$70.4亿),股息$0,股权激励$4亿(TTM)。
- 稀释股数一年内减少1.8%Q3 '26稀释股数5.32亿,一年前为5.42亿。
- 净债务 $265亿现金 + 短期投资 $5.45亿,含租赁债务 $271亿;一年前净债务 $294亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $52亿 | $52.6亿 | -1.3% |
| 毛利率 | 53.1% | 58.9% | -5.8 百分点 |
| 营业利润 | -$54.9亿 | $14.4亿 | -482.6% |
| 营业利润率 | -105.7% | 27.3% | -133.0 百分点 |
| 净利润 | -$59.4亿 | $7.92亿 | -850.1% |
| 稀释EPS | -$11.17 | $1.46 | -865.1% |
| 经营现金流 | $10.1亿 | $18.1亿 | -43.9% |
| 资本支出 | $4.82亿 | $5.07亿 | -4.9% |
| 自由现金流 | $5.3亿 | $13亿 | -59.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1.1亿 | $8700万 | +26.4% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Processing And Services | – | – | – | – | – | |
| Merchant Segment | $26.1亿 | – | 49.3% | – | – | |
| Financial Segment | $23.6亿 | – | 44.5% | – | – | |
| Corporate and Other | $3.29亿 | – | 6.2% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Merchant Segment | – | – | $7.24亿 | -24.7% | – | – | – |
| Financial Segment | – | – | $8.87亿 | -10.5% | – | – | – |
| Corporate Reconciling Items And Eliminations | – | – | – | – | – | – | – |
| Corporate (unallocated) | – | – | -$71.1亿 | -1,274.3% | – | – | -$88.9亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $50.4亿
- 资本支出
- -$18.8亿
- 股票回购
- -$5.99亿
- 股息
- $0
- 收购
- -$9.76亿
- 债务净发行
- -$34.6亿
- 股权激励费用
- $4亿
- 自由现金流
- $31.6亿
- 股东回报 / FCF
- 19.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -7.9× | 30.5× | 10.6× – 51.6× |
| EV / EBITDA | 90.4× | 13.0× | 7.3× – 16.1× |
| EV / 营收 | 2.8× | 5.2× | 3.1× – 7.0× |
| 股价 / FCF | 9.8× | 19.6× | 8.6× – 23.9× |
| 股价 / 净资产 | 1.5× | 2.6× | 1.4× – 4.4× |
| FCF收益率 | 10.2% | 5.9% | 4.2% – 11.7% |
| 投入资本回报率 | -4.8% | 6.4% | 3.1% – 8.7% |
| 净资产收益率 | -15.7% | 9.6% | 4.3% – 13.5% |
分析师
一致目标价 $58.75 (+0.6%)
区间 $46.00 – $90.00 · 评级 Buy
强烈买入0
买入33
持有28
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $195亿 | -7.8% | $7.27 | +14.7% | 8.0× | 22 |
| FY2027 | $202亿 | +3.4% | $7.96 | +9.4% | 7.3× | 22 |
| FY2028 | $209亿 | +3.5% | $8.98 | +12.9% | 6.5× | 9 |
| FY2029 | $217亿 | +3.7% | $10.76 | +19.8% | 5.4× | 3 |
| FY2030 | $224亿 | +3.2% | $13.19 | +22.6% | 4.4× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Fiserv, Inc.在近期10-Q / 10-K文件中标记的全部339项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $149亿 | – | – | – | – | – | |
| $94.6亿 | – | – | – | – | – | |
| $244亿 | – | – | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $44.4亿 | $46.4亿 | -4.5% | $53.1亿 | $48亿 | +10.6% |
| Accounts Payable and Other Accrued Liabilities, Current | $44.4亿 | $46.4亿 | -4.5% | – | – | – |
| Accounts Payable, Current | $8.32亿 | $7.17亿 | +16.0% | $7.97亿 | $5.11亿 | +56.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $38.3亿 | $39.6亿 | -3.3% | $39.8亿 | $37.3亿 | +6.9% |
| Accounts Receivable, Allowance for Credit Loss | $9400万 | $8200万 | +14.6% | $8400万 | $7100万 | +18.3% |
| Accrued Employee Benefits, Current | $3.42亿 | $2.73亿 | +25.3% | $2.99亿 | $2.96亿 | +1.0% |
| Accrued Professional Fees, Current | $1.78亿 | $1.28亿 | +39.1% | $1.61亿 | $1.02亿 | +57.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$10亿 | -$9.85亿 | -1.6% | -$9.84亿 | -$14.1亿 | +30.4% |
| Additional Paid in Capital, Common Stock | $234亿 | $232亿 | +0.8% | $233亿 | $231亿 | +0.8% |
| Amortization of Intangible Assets | $5.76亿 | $5.61亿 | +2.7% | $23亿 | $23亿 | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 710万 | 130万 | +446.2% | 100万 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.1亿 | $8700万 | +26.4% | $3.57亿 | $3.67亿 | -2.7% |
| Asset Impairment Charges | – | – | – | $0 | – | – |
| Assets | $726亿 | $794亿 | -8.5% | $801亿 | $772亿 | +3.8% |
| Assets, Current | $237亿 | $242亿 | -1.7% | $247亿 | $235亿 | +5.0% |
| Capitalized Contract Cost, Amortization | – | – | – | $2.28亿 | $2.21亿 | +3.2% |
| Capitalized Contract Cost, Net | $10.6亿 | $9.97亿 | +5.9% | $10.4亿 | $9.96亿 | +4.3% |
| Cash and Cash Equivalents, at Carrying Value | $5.45亿 | $10.7亿 | -49.0% | $7.98亿 | $12.4亿 | -35.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $13.3亿 | $27.7亿 | -52.0% | $28亿 | $29.9亿 | -6.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$6.77亿 | -$2.04亿 | -231.9% | -$1.91亿 | $3000万 | -736.7% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 18亿 | 18亿 | 0.0% | 18亿 | 18亿 | 0.0% |
| Common Stock, Shares, Issued | 7.84亿 | 7.84亿 | 0.0% | 7.84亿 | 7.84亿 | 0.0% |
| Common Stock, Value, Outstanding | $800万 | $800万 | 0.0% | $800万 | $800万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$59.6亿 | $7.08亿 | -941.7% | $39.1亿 | $25亿 | +56.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$59.6亿 | $7.17亿 | -930.5% | $40.2亿 | $25.2亿 | +59.6% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $8.43亿 | $9.04亿 | -6.7% | $8.85亿 | $8.32亿 | +6.4% |
| Contract with Customer, Liability | $10.1亿 | $11.3亿 | -10.3% | $11.2亿 | $10.8亿 | +3.9% |
| Contract with Customer, Liability, Current | $7.51亿 | $8.73亿 | -14.0% | $8.65亿 | $8.19亿 | +5.6% |
| Contract with Customer, Liability, Noncurrent | $2.63亿 | $2.57亿 | +2.3% | $2.59亿 | $2.63亿 | -1.5% |
| Contract with Customer, Liability, Revenue Recognized | $1.79亿 | $1.67亿 | +7.2% | $8.19亿 | $7.61亿 | +7.6% |
| Costs and Expenses | $107亿 | $38.3亿 | +179.3% | $154亿 | $146亿 | +5.5% |
| Current Federal Tax Expense (Benefit) | $1.6亿 | $4.28亿 | -62.6% | $12.9亿 | $8.31亿 | +55.0% |
| Current Foreign Tax Expense (Benefit) | $8800万 | $4700万 | +87.2% | $2.44亿 | $2.3亿 | +6.1% |
| Current Income Tax Expense (Benefit) | $2.79亿 | $5.47亿 | -49.0% | $17.5亿 | $13亿 | +34.5% |
| Current State and Local Tax Expense (Benefit) | $3100万 | $7200万 | -56.9% | $2.21亿 | $2.42亿 | -8.7% |
| Debt and Lease Obligation | $290亿2025-12-31 | $250亿 | +16.0% | $290亿 | $250亿 | +16.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1.42亿 | $1.78亿 | -20.2% | $1.69亿 | $1.5亿 | +12.7% |
| Debt, Current | $12.5亿 | $13.2亿 | -5.2% | $12.4亿 | $11.1亿 | +11.6% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | $300万 | $600万 | -50.0% | $700万2024-12-31 | $500万 | +40.0% |
| Deferred Federal Income Tax Expense (Benefit) | -$1.3亿 | -$3亿 | +56.7% | -$7.59亿 | -$4.07亿 | -86.5% |
| Deferred Foreign Income Tax Expense (Benefit) | $500万 | -$1800万 | +127.8% | -$1.13亿 | -$1.43亿 | +21.0% |
| Deferred Income Tax Assets, Net | $1.09亿2025-12-31 | $7600万 | +43.4% | $1.09亿 | $7600万 | +43.4% |
| Deferred Income Tax Expense (Benefit) | -$1.42亿 | -$3.74亿 | +62.0% | -$9.42亿 | -$6.62亿 | -42.3% |
| Deferred Income Tax Liabilities, Net | $14.3亿 | $18.3亿 | -21.4% | $14.8亿 | $24.8亿 | -40.3% |
| Deferred State and Local Income Tax Expense (Benefit) | -$1700万 | -$5600万 | +69.6% | -$7000万 | -$1.12亿 | +37.5% |
| Deferred Tax Assets, Gross | $17.4亿2025-12-31 | $13.2亿 | +31.7% | $17.4亿 | $13.2亿 | +31.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $13.2亿2025-12-31 | $9.15亿 | +43.9% | $13.2亿 | $9.15亿 | +43.9% |
| Deferred Tax Assets, Other | $3.62亿2025-12-31 | $2.15亿 | +68.4% | $3.62亿 | $2.15亿 | +68.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $8000万2025-12-31 | $9300万 | -14.0% | $8000万 | $9300万 | -14.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $1.32亿2025-12-31 | $1.67亿 | -21.0% | $1.32亿 | $1.67亿 | -21.0% |
| Deferred Tax Assets, Valuation Allowance | $4.2亿2025-12-31 | $4.04亿 | +4.0% | $4.2亿 | $4.04亿 | +4.0% |
| Deferred Tax Liabilities, Deferred Expense, Capitalized Software | $1.58亿2025-12-31 | $2.19亿 | -27.9% | $1.58亿 | $2.19亿 | -27.9% |
| Deferred Tax Liabilities, Gross | $26.9亿2025-12-31 | $33.2亿 | -19.0% | $26.9亿 | $33.2亿 | -19.0% |
| Deferred Tax Liabilities, Intangible Assets | $15.2亿2025-12-31 | $17.3亿 | -12.2% | $15.2亿 | $17.3亿 | -12.2% |
| Deferred Tax Liabilities, Investments | $2.5亿2025-12-31 | $3.92亿 | -36.2% | $2.5亿 | $3.92亿 | -36.2% |
| Deferred Tax Liabilities, Leasing Arrangements | $1.39亿2025-12-31 | $2.2亿 | -36.8% | $1.39亿 | $2.2亿 | -36.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-04