Fiserv, Inc. (FISV) Key Metrics
FISV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $25.29B
- Enterprise value
- $52.23B
- P/E (TTM)
- 9.1 10-yr median 26.3
- Forward P/E
- 5.7
- PEG ratio
- 1.36
- Price / sales
- 1.2 10-yr median 4.6
- Price / book
- 0.9 10-yr median 2.6
- EV / EBITDA
- 6.4 10-yr median 16.0
- Dividend yield
- —
- Beta
- —
FISV key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFISV valuation Price multiples at each fiscal year-end price.
FISV returns How much profit the business earns on the capital it uses.
FISV per-share figures Results divided by the shares outstanding at year-end.
FISV financial health Debt, liquidity and how easily interest is covered.
FISV efficiency & capital use Working capital cycle and where the cash goes.
FISV valuation history
FISV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FISV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FISV cash returned to shareholders
FISV price vs earnings per share
FISV key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $36.88B | $119.57B | $81.82B | $65.48B | $69.71B | $77.81B | $60.43B | $30.40B | $28.27B | $23.80B |
| Enterprise value | $65.20B | $143.29B | $103.85B | $86.12B | $90.11B | $97.59B | $81.43B | $35.95B | $32.85B | $28.06B |
| P/E ratio | 10.6 | 38.2 | 26.7 | 25.9 | 52.3 | 81.2 | 67.7 | 25.6 | 22.7 | 25.6 |
| Price / sales | 1.7 | 5.8 | 4.3 | 3.7 | 4.3 | 5.2 | 5.9 | 5.2 | 5.0 | 4.3 |
| Price / book | 1.4 | 4.4 | 2.7 | 2.1 | 2.3 | 2.4 | 1.8 | 13.3 | 10.4 | 9.4 |
| Price / free cash flow | 8.6 | 23.6 | 21.7 | 20.9 | 24.3 | 24.0 | 29.1 | 25.5 | 23.6 | 20.9 |
| Price / operating cash flow | 6.1 | 18.0 | 15.8 | 14.2 | 17.3 | 18.8 | 20.6 | 19.6 | 19.1 | 16.6 |
| EV / sales | 3.1 | 7.0 | 5.4 | 4.9 | 5.6 | 6.6 | 8.0 | 6.2 | 5.8 | 5.1 |
| EV / EBITDA | 7.3 | 16.2 | 12.9 | 12.6 | 16.2 | 19.1 | 25.1 | 15.7 | 16.7 | 15.1 |
| EV / free cash flow | 15.2 | 28.3 | 27.5 | 27.4 | 31.4 | 30.1 | 39.3 | 30.2 | 27.5 | 24.6 |
| Earnings yield | 9.4% | 2.6% | 3.7% | 3.9% | 1.9% | 1.2% | 1.5% | 3.9% | 4.4% | 3.9% |
| Free cash flow yield | 11.7% | 4.2% | 4.6% | 4.8% | 4.1% | 4.2% | 3.4% | 3.9% | 4.2% | 4.8% |
| Shareholder yield (dividends + buybacks) | 16.0% | 4.9% | 5.9% | 4.1% | 4.0% | 2.3% | 0.9% | 6.4% | 4.3% | 5.2% |
| Share price at fiscal year-end | $67.17 | $205.42 | $132.84 | $101.07 | $103.79 | $113.86 | $115.63 | $73.49 | $65.56 | $53.14 |
| Per share | ||||||||||
| Revenue per share | $38.60 | $35.14 | $31.00 | $27.38 | $24.16 | $21.73 | $19.49 | $14.08 | $13.21 | $12.29 |
| Earnings per share | $6.34 | $5.38 | $4.98 | $3.90 | $1.99 | $1.40 | $1.71 | $2.87 | $2.89 | $2.08 |
| Operating cash flow per share | $11.04 | $11.39 | $8.38 | $7.13 | $6.01 | $6.07 | $5.60 | $3.75 | $3.44 | $3.20 |
| Free cash flow per share | $7.83 | $8.70 | $6.13 | $4.84 | $4.28 | $4.75 | $3.97 | $2.88 | $2.77 | $2.55 |
| Cash per share | $1.45 | $2.12 | $1.95 | $1.39 | $1.24 | $1.33 | $1.71 | $1.00 | $0.75 | $0.67 |
| Book value per share | $46.98 | $46.50 | $48.48 | $47.58 | $46.09 | $47.31 | $63.11 | $5.54 | $6.33 | $5.67 |
| Tangible book value per share | −$40.20 | −$33.42 | −$30.13 | −$28.40 | −$29.02 | −$28.31 | −$39.61 | −$13.42 | −$10.99 | −$10.42 |
| Capex per share | $3.21 | $2.70 | $2.25 | $2.28 | $1.73 | $1.32 | $1.38 | $0.87 | $0.67 | $0.65 |
| Debt per share | $53.05 | $42.87 | $37.73 | $33.25 | $31.62 | $30.27 | $41.90 | $14.41 | $11.36 | $10.19 |
| Shares outstanding | 549.0M | 582.1M | 615.9M | 647.9M | 671.6M | 683.4M | 522.6M | 413.7M | 431.2M | 447.8M |
| Change in shares outstanding | −5.7% | −5.5% | −4.9% | −3.5% | −1.7% | +30.8% | +26.3% | −4.1% | −3.7% | −5.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.2% | 11.0% | 10.1% | 8.2% | 4.2% | 2.9% | 5.1% | 47.3% | 47.3% | 35.8% |
| Return on invested capital (ROIC) | 8.8% | 9.5% | 7.8% | 6.0% | 3.5% | 2.9% | 4.3% | 17.6% | 19.2% | 14.0% |
| Return on assets (ROA) | 4.4% | 3.7% | 3.5% | 3.2% | 1.8% | 1.3% | 2.0% | 11.0% | 12.4% | 9.7% |
| Return on tangible assets | 10.8% | 10.2% | 7.2% | 7.3% | 5.2% | 4.2% | 3.7% | 34.7% | 44.2% | 36.7% |
| Free cash flow margin | 20.3% | 24.7% | 19.8% | 17.7% | 17.7% | 21.9% | 20.4% | 20.5% | 21.0% | 20.7% |
| Income quality (OCF / net income) | 1.74 | 2.12 | 1.68 | 1.83 | 3.02 | 4.33 | 3.28 | 1.31 | 1.19 | 1.54 |
| Financial health | ||||||||||
| Total debt | $29.12B | $24.96B | $23.24B | $21.54B | $21.24B | $20.68B | $21.90B | $5.96B | $4.90B | $4.56B |
| Cash & short-term investments | $798.0M | $1.24B | $1.20B | $902.0M | $835.0M | $906.0M | $893.0M | $415.0M | $325.0M | $300.0M |
| Net debt | $28.32B | $23.72B | $22.03B | $20.64B | $20.40B | $19.78B | $21.01B | $5.55B | $4.58B | $4.26B |
| Debt / equity | 1.13 | 0.92 | 0.78 | 0.70 | 0.69 | 0.64 | 0.66 | 2.60 | 1.79 | 1.80 |
| Debt / assets | 0.36 | 0.32 | 0.26 | 0.26 | 0.28 | 0.28 | 0.28 | 0.53 | 0.48 | 0.47 |
| Net debt / EBITDA | 3.16 | 2.68 | 2.75 | 3.02 | 3.67 | 3.88 | 6.48 | 2.42 | 2.33 | 2.29 |
| Current ratio | 1.03 | 1.06 | 1.04 | 1.04 | 1.03 | 1.04 | 1.08 | 1.11 | 1.02 | 0.95 |
| Quick ratio | 1.03 | 1.06 | 1.04 | 1.04 | 1.03 | 1.04 | 1.08 | 1.07 | 0.98 | 0.95 |
| Interest coverage | 3.7 | 4.7 | 5.0 | 5.0 | 3.3 | 2.6 | 3.2 | 9.3 | 8.8 | 8.9 |
| Working capital | $764.0M | $1.32B | $1.26B | $1.09B | $575.0M | $582.0M | $1.32B | $214.0M | $37.0M | −$92.0M |
| Invested capital | $54.12B | $50.79B | $51.89B | $51.47B | $51.35B | $52.11B | $53.98B | $7.84B | $7.31B | $6.80B |
| Tangible asset value | −$22.05B | −$18.84B | −$17.75B | −$17.54B | −$18.49B | −$18.35B | −$18.82B | −$5.55B | −$4.74B | −$4.67B |
| Net current asset value | −$29.67B | −$26.01B | −$25.41B | −$24.64B | −$25.43B | −$25.07B | −$25.64B | −$6.75B | −$5.58B | −$5.47B |
| Graham number | $81.86 | $75.02 | $73.71 | $64.66 | $45.38 | $38.63 | $49.26 | $18.92 | $20.29 | $16.28 |
| Graham net-net per share | −$91.86 | −$77.45 | −$91.46 | −$75.00 | −$61.52 | −$56.37 | −$75.97 | −$18.69 | −$14.95 | −$13.90 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $5.90B | $5.84B | $4.83B | $2.68B | $2.79B | $1.83B | $561.0M | $1.95B | $1.22B | $1.25B |
| Dividends + buybacks / free cash flow | 137.2% | 115.3% | 127.9% | 85.3% | 96.9% | 56.2% | 27.0% | 163.3% | 102.3% | 109.1% |
| Capex / revenue | 8.3% | 7.7% | 7.3% | 8.3% | 7.1% | 6.1% | 7.1% | 6.2% | 5.0% | 5.3% |
| Capex / operating cash flow | 29.1% | 23.7% | 26.9% | 32.0% | 28.8% | 21.7% | 24.6% | 23.2% | 19.4% | 20.3% |
| Capex / depreciation | 0.56 | 0.51 | 0.44 | 0.47 | 0.36 | 0.28 | 0.44 | 0.65 | 0.66 | 0.71 |
| Stock-based compensation / revenue | 1.7% | 1.8% | 1.8% | 1.8% | 1.5% | 2.5% | 2.2% | 1.3% | 1.1% | 1.2% |
| SG&A / revenue | 32.5% | 32.1% | 34.4% | 34.2% | 35.8% | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 71.9 | 69.7 | 68.5 | 66.3 | 60.1 | 64.7 | 68.6 | 64.1 | 60.8 | 56.5 |
| Days of inventory on hand | — | — | — | — | — | — | — | 8.7 | 9.2 | — |
| Days payables outstanding | 27.7 | 21.9 | 26.2 | 28.4 | 23.1 | 19.4 | 17.8 | 12.3 | 11.5 | 11.3 |
| Cash conversion cycle (days) | 44.2 | 47.8 | 42.3 | 37.9 | 37.0 | 45.3 | 50.8 | 60.5 | 58.6 | 45.1 |
| Receivables turnover | 5.07 | 5.24 | 5.33 | 5.50 | 6.07 | 5.64 | 5.32 | 5.69 | 6.00 | 6.46 |
| Payables turnover | 13.17 | 16.69 | 13.93 | 12.84 | 15.78 | 18.85 | 20.46 | 29.65 | 31.83 | 32.16 |
| Inventory turnover | — | — | — | — | — | — | — | 42.10 | 39.57 | — |
| Asset turnover | 0.27 | 0.24 | 0.22 | 0.22 | 0.22 | 0.20 | 0.23 | 0.54 | 0.57 | 0.58 |
| Average receivables | $4.18B | $3.90B | $3.58B | $3.22B | $2.67B | $2.63B | $1.92B | $1.02B | $949.5M | $852.0M |
| Average payables | $654.0M | $480.0M | $550.5M | $622.5M | $515.0M | $414.5M | $259.5M | $103.5M | $95.0M | $92.0M |
| Average inventory | — | — | — | — | — | — | — | $72.9M | $76.4M | — |
| Intangibles / total assets | 59.7% | 60.3% | 53.3% | 58.7% | 66.2% | 69.3% | 69.2% | 69.7% | 72.6% | 74.0% |
Computed from FISV's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FISV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Fiserv traded at 10.6 times earnings, against a 10-year median of 26.3. Based on the latest twelve months, the trailing P/E is 9.1 and the forward P/E is 5.7. Fiserv earned a return on equity of 13.2% and a return on invested capital of 8.8% in fiscal 2025. It ended the year with $29.1 billion of debt and $798.0 million in cash and short-term investments, net debt of $28.3 billion. It returned $5.9 billion to shareholders: $0 in dividends and $5.9 billion in share buybacks, 137% of free cash flow. The share count rose 22.6% from 447.8M to 549.0M over 9 years.
See the FISV income statement, the FISV chart for price history, or the FISV stock overview for the latest quote and news.
FISV key metrics FAQ
What is Fiserv's P/E ratio?
Fiserv's trailing P/E ratio is 9.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.7. At the end of fiscal 2025 it was 10.6, compared with a 10-year median of 26.3.
What is Fiserv's EV/EBITDA?
Fiserv's enterprise value was 7.3 times EBITDA at the end of fiscal 2025 (enterprise value $65.2 billion, EBITDA $9.0 billion); the current EV/EBITDA is 6.4.
What is Fiserv's return on equity?
Fiserv's return on equity (ROE) was 13.2% in fiscal 2025: net income of $3.5 billion on average shareholders' equity of $26.4 billion.
What is Fiserv's ROIC?
Fiserv's return on invested capital was 8.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Fiserv have?
Fiserv had total debt of $29.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.13 and $28.3 billion of net debt (3.16 times EBITDA).
Does Fiserv buy back its shares?
Yes. Fiserv spent $5.9 billion on net share repurchases in fiscal 2025 Shares outstanding changed −5.7% over the year, to 549.0M..
What is Fiserv's free cash flow yield?
Fiserv generated $4.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 11.7% on its market value at year-end ($36.9 billion).
What is Fiserv's current ratio?
Fiserv's current ratio was 1.03 at the end of fiscal 2025: current assets were 1.03 times current liabilities.