15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.4% per year over the past 5 years.
Net income has grown faster than revenue (29.4% vs 7.4% per year).
Operating margin has expanded, at 27.5% in the latest year.
Free cash flow has grown 5.8% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (2.6% vs 7.4% per year).
Operating income covered interest expense 3.8× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$21.2B
$3.5B
0.0%
27.5%
$4.3B
—
$798M
2024
$20.5B
$3.1B
0.0%
28.7%
$5.1B
$24.8B
$1.2B
2023
$19.1B
$3.1B
0.0%
26.3%
$3.8B
$23.1B
$1.2B
2022
$17.7B
$2.5B
0.0%
21.1%
$3.1B
$21.4B
$902M
2021
$16.2B
$1.3B
0.0%
14.1%
$2.9B
$21.2B
$835M
2020
$14.9B
$958M
0.0%
12.5%
$3.2B
$20.7B
$906M
2019
—
$893M
—
—
$2.1B
$21.9B
$893M
2018
$5.8B
$1.2B
87.2%
30.1%
$1.2B
—
—
2017
$5.7B
$1.2B
87.1%
26.9%
—
—
—
2016
$5.5B
$930M
86.4%
26.2%
—
—
—
2015
$5.3B
$712M
86.1%
25.0%
—
—
—
2014
$5.1B
$754M
85.8%
23.9%
—
—
—
2013
$4.8B
$648M
85.6%
22.0%
—
—
$400M
2012
$4.4B
$611M
85.8%
23.6%
—
$3.2B
$358M
2011
$4.3B
$472M
86.0%
23.1%
—
$3.4B
$337M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$5.0B
$571M
0.0%
18.3%
$141M
—
$829M
Dec '25
—
$811M
—
—
$1.5B
—
$798M
Sep '25
—
$792M
—
—
$1.3B
—
$1.1B
Jun '25
—
$1.0B
—
—
$1.2B
—
$999M
Mar '25
$5.1B
$851M
0.0%
27.2%
$313M
—
$1.2B
Dec '24
—
$938M
—
—
$1.8B
$24.8B
$1.2B
Sep '24
—
$564M
—
—
$1.8B
—
$1.2B
Jun '24
—
$894M
—
—
$993M
—
$1.2B
Mar '24
—
$735M
—
—
$411M
—
$1.2B
Dec '23
—
$870M
—
—
$1.2B
$23.1B
$1.2B
Sep '23
—
$952M
—
—
$1.2B
—
$1.3B
Jun '23
—
$683M
—
—
$538M
—
$1.1B
Mar '23
—
$563M
—
—
$791M
—
$1.0B
Dec '22
—
$782M
—
—
$1.3B
$21.4B
$902M
Sep '22
$4.5B
$481M
0.0%
18.9%
$750M
—
—
Jun '22
$4.5B
$598M
0.0%
19.3%
$603M
—
—
Mar '22
$4.1B
$669M
0.0%
20.4%
$484M
—
—
Dec '21
$4.3B
$333M
0.0%
12.5%
$997M
$21.2B
$835M
Sep '21
$4.2B
$428M
0.0%
15.3%
$358M
—
—
Jun '21
$4.1B
$269M
0.0%
15.9%
$801M
—
—
Valuation over time
How the market has priced FISV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 23.8× (Mar '23) to 7.3× (Jun '26).
The price-to-sales ratio has fallen from 3.4× (Mar '23) to 1.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FISV growing its revenue and profit?
Over the past 5 years, Fiserv's revenue has grown 7.4% per year, and net income grown 29.4% per year. These are computed facts, not advice.
How much debt does FISV have?
As of FY2025, Fiserv reported — of total debt against $798M of cash; operating income covered interest expense 3.8×.
What is FISV's profit margin?
In FY2025, gross margin was —, operating margin 27.5%, and net margin 16.4%.
What is FISV's P/E ratio?
As of Jun '26, Fiserv traded at a price-to-earnings ratio of about 7.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.