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v3.26.1

Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of segment reporting information | Operating results for each reportable segment were as follows:
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Three Months Ended June 30, 2026 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 2,296 |  |  | $ | 1,996 |  |  |
Product revenue | 312 |  |  | 359 |  |  |
Reportable segment revenue | $ | 2,608 |  |  | $ | 2,355 |  |  | $ | 4,963 |
Corporate and Other revenue (1) |  |  |  |  | 329 |
Total Company revenue |  |  |  |  | $ | 5,292 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 357 |  |  | 523 |  |  |
Direct costs (3) | 950 |  |  | 194 |  |  |
Depreciation and amortization expense | 129 |  |  | 151 |  |  |
Other operating expense (4) | 187 |  |  | 113 |  |  |
Allocations from Corporate and Other (5) | 204 |  |  | 462 |  |  |
Reportable segment operating income | $ | 781 |  |  | $ | 912 |  |  | $ | 1,693 |
Corporate and Other operating loss (6) |  |  |  |  | (678) |
Interest expense, net |  |  |  |  | (370) |
Gain on early debt extinguishment |  |  |  |  | 154 |
Other expense, net (7) |  |  |  |  | (24) |
Income before income taxes and income from investments in unconsolidated affiliates |  |  |  |  | $ | 775 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Three Months Ended June 30, 2025 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 2,285 |  |  | $ | 2,019 |  |  |
Product revenue | 359 |  |  | 533 |  |  |
Reportable segment revenue | $ | 2,644 |  |  | $ | 2,552 |  |  | $ | 5,196 |
Corporate and Other revenue (1) |  |  |  |  | 320 |
Total Company revenue |  |  |  |  | $ | 5,516 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 349 |  |  | 504 |  |  |
Direct costs (3) | 897 |  |  | 219 |  |  |
Depreciation and amortization expense | 113 |  |  | 127 |  |  |
Other operating expense (4) | 203 |  |  | 88 |  |  |
Allocations from Corporate and Other (5) | 168 |  |  | 370 |  |  |
Reportable segment operating income | $ | 914 |  |  | $ | 1,244 |  |  | $ | 2,158 |
Corporate and Other operating loss (6) |  |  |  |  | (462) |
Interest expense, net |  |  |  |  | (365) |
Other expense, net (7) |  |  |  |  | (39) |
Income before income taxes and loss from investments in unconsolidated affiliates |  |  |  |  | $ | 1,292 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Six Months Ended June 30, 2026 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 4,404 |  |  | $ | 3,958 |  |  |
Product revenue | 577 |  |  | 699 |  |  |
Reportable segment revenue | $ | 4,981 |  |  | $ | 4,657 |  |  | $ | 9,638 |
Corporate and Other revenue (1) |  |  |  |  | 681 |
Total Company revenue |  |  |  |  | $ | 10,319 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 719 |  |  | 1,066 |  |  |
Direct costs (3) | 1,818 |  |  | 370 |  |  |
Depreciation and amortization expense | 254 |  |  | 286 |  |  |
Other operating expense (4) | 384 |  |  | 238 |  |  |
Allocations from Corporate and Other (5) | 399 |  |  | 908 |  |  |
Reportable segment operating income | $ | 1,407 |  |  | $ | 1,789 |  |  | $ | 3,196 |
Corporate and Other operating loss (6) |  |  |  |  | (1,263) |
Interest expense, net |  |  |  |  | (717) |
Gain on early debt extinguishment |  |  |  |  | 154 |
Other expense, net (7) |  |  |  |  | (2) |
Income before income taxes and income from investments in unconsolidated affiliates |  |  |  |  | $ | 1,368 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Six Months Ended June 30, 2025 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 4,338 |  |  | $ | 4,011 |  |  |
Product revenue | 678 |  |  | 958 |  |  |
Reportable segment revenue | $ | 5,016 |  |  | $ | 4,969 |  |  | $ | 9,985 |
Corporate and Other revenue (1) |  |  |  |  | 661 |
Total Company revenue |  |  |  |  | $ | 10,646 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 679 |  |  | 1,002 |  |  |
Direct costs (3) | 1,720 |  |  | 408 |  |  |
Depreciation and amortization expense | 209 |  |  | 249 |  |  |
Other operating expense (4) | 350 |  |  | 176 |  |  |
Allocations from Corporate and Other (5) | 334 |  |  | 742 |  |  |
Reportable segment operating income | $ | 1,724 |  |  | $ | 2,392 |  |  | $ | 4,116 |
Corporate and Other operating loss (6) |  |  |  |  | (1,025) |
Interest expense, net |  |  |  |  | (696) |
Other expense, net (7) |  |  |  |  | (57) |
Income before income taxes and loss from investments in unconsolidated affiliates |  |  |  |  | $ | 2,338 |
(1)Primarily includes postage reimbursements. (2)Includes compensation and benefit costs of Company employees, as well as expenses paid to third parties for consulting and temporary help, net of capitalized software costs. (3)Includes cost of goods sold, payments to distribution partners and other reselling costs. (4)Includes data processing, facility, and marketing costs that are directly charged to the reportable segments. (5)Represents centrally-managed costs, including sales, technology and administrative expenses, that are allocated to the reportable segments from Corporate and Other and are considered in the CODM’s evaluation of segment performance. (6)Includes amortization of acquisition-related intangible assets; costs associated with acquisition activity; unallocated corporate expenses; expenses associated with the Company’s One Fiserv transformation initiative; and gains or losses on sale of assets. (7)Includes foreign currency transaction gains and losses, gains or losses from a sale or change in fair value of investments in certain equity securities, and amounts related to debt guarantee arrangements of certain equity method investments. Other significant items include:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Depreciation and amortization: |  |  |  |  |  |  |
Merchant (1) | $ | 148 |  |  | $ | 127 |  |  | $ | 290 |  |  | $ | 239 |
Financial (1) | 194 |  |  | 172 |  |  | 371 |  |  | 335 |
Corporate and Other (2) | 528 |  |  | 514 |  |  | 1,040 |  |  | 1,018 |
Total Company | $ | 870 |  |  | $ | 813 |  |  | $ | 1,701 |  |  | $ | 1,592 |
Capital expenditures, including capitalized software and other intangibles: |  |  |  |  |  |  |
Merchant | $ | 169 |  |  | $ | 150 |  |  | $ | 320 |  |  | $ | 245 |
Financial | 215 |  |  | 167 |  |  | 408 |  |  | 312 |
Corporate and Other | 114 |  |  | 162 |  |  | 228 |  |  | 257 |
Total Company | $ | 498 |  |  | $ | 479 |  |  | $ | 956 |  |  | $ | 814 |
(1)Includes amortization associated with commissions, residual buyouts and deferred conversion/implementation costs included within personnel expenses, direct costs and other operating expenses, respectively, in the segment operating results tables above. (2)Primarily includes amortization of acquisition-related intangible assets, such as customer relationships, software/technology and trade names.

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