What is happening with Fiserv's Clover business?

Fiserv's Clover business, a key part of its merchant solutions arm, has seen a slowdown in growth, with gross payment volume growth of 8% in the third quarter of 2025, compared to 15% a year earlier.

How has Fiserv's stock performance been affected?

Fiserv's stock has fallen nearly 39% this year as of the last close, and it plunged 27% in premarket trading on the news of the company's lowered earnings forecast.

What changes is Fiserv making to its leadership?

Fiserv has announced an overhaul of its senior leadership, including the appointment of Paul Todd as its new finance boss and the naming of Takis Georgakopoulos and Dhivya Suryadevara as co-presidents of the company.

Home / Business and Economy / Fiserv Slashes Earnings Forecast, Shakes Up Leadership Amid Merchant Woes

Fiserv Slashes Earnings Forecast, Shakes Up Leadership Amid Merchant Woes

29 Oct

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Summary

Fiserv lowers annual earnings forecast for second consecutive quarter
Slowing growth in Clover business, a key concern for investors
Company announces overhaul of senior leadership, including new CFO

Fiserv Slashes Earnings Forecast, Shakes Up Leadership Amid Merchant Woes

On October 29, 2025, payments company Fiserv reported a significant decline in its financial performance, lowering its annual earnings forecast for the second consecutive quarter. The Milwaukee-based firm cited slowing growth in its Clover business, a point-of-sale and business management platform within its merchant solutions arm, as a key concern for investors.

Fiserv's adjusted profit for the third quarter of 2025 missed analysts' expectations, and the company's adjusted revenue also fell short of estimates. As a result, the company now expects annual revenue growth of 3.5% to 4%, down from its prior forecast of 10%. Adjusted profit per share is expected to be between $8.50 and $8.60 for 2025, a significant decrease from the earlier forecast of $10.15 to $10.30 per share.