Fiserv Q1 2026 revenue falls 2%, margins shrink amid high debt and weak cash flow.

Fiserv, Inc. reported a 2% decline in revenue for Q1 2026, with organic revenue down 4% year-over-year. The company's profit margins contracted significantly, with Merchant Solutions margin dropping from about 34% to 26%, and Financial Solutions margin falling from 47.5% to 38%. Despite reaffirming its guidance for modest organic growth and earnings per share, Fiserv faces challenges due to its high $28 billion debt and shrinking free cash flow, limiting its ability to innovate or recover quickly. The outlook remains uncertain without a clear turnaround or growth strategy.