Payments firm Fiserv cuts annual profit forecast, shares fall nearly 12%

Aug 6 (Reuters) - Payments ‌processor Fiserv ​cut ​its full-year profit forecast on Thursday after growth in its key ‌segments slowed in the second quarter, sending ⁠its shares down nearly 12% in premarket trading.

Here are ‌some details:

• Fiserv ‌cut its 2026 adjusted earnings per share forecast to between $7.20 and $7.40, from $8.00 to $8.30.

• Fiserv also ​slashed its full-year organic revenue forecast. It now expects the revenue to be ⁠flat or fall 1%, versus its previous expectation of between 1% ​and 3% growth.

• Revenue in Fiserv's merchant solutions segment decreased 1% in ​the second quarter, while ‌financial solutions revenue fell 8%.

• Activist investor Jana Partners has stepped up ⁠pressure on Fiserv to strategically review its entire portfolio and refresh the board, following a ⁠rout in its stock price.

• The company's shares are ​down nearly 20% this year, following a near 68% drop in 2025.

• For the period ended June, ‌the company's revenue fell 4% to $5.29 billion from a year ago.

• The ‌company's adjusted profit for the quarter was $1.84 ⁠per share, compared ‌with $2.47 it had ​reported a year earlier.

(Reporting by Aditi Tiwari in Bengaluru; Editing by Maju ‌Samuel)

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