Analysis for FISV

📈 Growth & Financial Trajectory

Over the eight quarters, revenue climbed from $4.138B (2022 Q1) to $5.292B (2026 Q2), a cumulative rise of about 27.9%. Net income to parent started around $669M in 2022 Q1, rose to a peak around $798M in 2022 Q3/Q4, then drifted to $627M by 2026 Q2. The trend shows durable top‑line growth with profitability resilient but with fluctuations in quarterly net income; operating margins have hovered near ~19% across quarters, with net margins typically in the 11–17% range.

💰 Margins & Cash Flow

• Operating margins around 19% indicate solid operating leverage; net margins generally in the 11–17% band, varying with mix and one‑time items.
• Net cash flow from operating activities has been positive in all eight quarters (e.g., $1.595B in 2023 Q4, $1.483B in 2026 Q2), while investing activities were consistently negative (outlays such as -$258M in 2026 Q2), and financing activities were material in several periods (e.g., -$1.132B in 2023 Q4, -$1.460B in 2026 Q2), contributing to some quarterly cash burn.

🛡️ Balance Sheet & Liquidity

• Assets around $80.9B; Liabilities around $53.96B; Equity around $26.93B (as of 2026 Q2). 2026 Q2 current assets $25.36B and current liabilities $24.31B yield a healthy current ratio of about 1.04x.
• Balance sheet shows solid asset base with modest noncurrent liabilities and positive equity.

⚠️ Key Drivers & Risks

• Drivers: Large-scale payments processing; Digital transformation in financial services with AI analytics for fraud and compliance
• Risks: Regulatory changes in payments; Competitive dynamics and macro sensitivity