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Side-by-side financial comparison of Fiserv (FI) and Fidelity National Information Services (FIS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Fiserv is the larger business by last-quarter revenue ($5.3B vs $2.8B, roughly 1.9× Fidelity National Information Services). Fidelity National Information Services runs the higher net margin — 15.3% vs 18.2%, a 2.8% gap on every dollar of revenue. On growth, Fidelity National Information Services posted the faster year-over-year revenue change (8.1% vs 0.6%). Fiserv produced more free cash flow last quarter ($1.5B vs $739.0M). Over the past eight quarters, Fidelity National Information Services's revenue compounded faster (6.8% CAGR vs 4.0%).
Fiserv, Inc. is an American multinational financial technology company headquartered in Milwaukee, Wisconsin. The company processes debit and credit card transactions, loyalty programs, loans, electronic bill pay, wires and ACH transfers, check deposits, and ATM transactions on behalf of banking institutions. The company also produces debit and credit cards and point of sale terminals.
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
FI vs FIS — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $2.8B |
| Net Profit | $811.0M | $511.0M |
| Gross Margin | — | 38.3% |
| Operating Margin | 24.4% | 18.8% |
| Net Margin | 15.3% | 18.2% |
| Revenue YoY | 0.6% | 8.1% |
| Net Profit YoY | -13.5% | 97.3% |
| EPS (diluted) | $1.51 | $0.98 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $5.3B | $2.8B | ||
| Q3 25 | $5.3B | $2.7B | ||
| Q2 25 | $5.5B | $2.6B | ||
| Q1 25 | $5.1B | $2.5B | ||
| Q4 24 | $5.3B | $2.6B | ||
| Q3 24 | $5.2B | $2.6B | ||
| Q2 24 | $5.1B | $2.5B | ||
| Q1 24 | $4.9B | $2.5B |
| Q4 25 | $811.0M | $511.0M | ||
| Q3 25 | $792.0M | $264.0M | ||
| Q2 25 | $1.0B | $-470.0M | ||
| Q1 25 | $851.0M | $77.0M | ||
| Q4 24 | $938.0M | $259.0M | ||
| Q3 24 | $564.0M | $224.0M | ||
| Q2 24 | $894.0M | $243.0M | ||
| Q1 24 | $735.0M | $724.0M |
| Q4 25 | — | 38.3% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.7% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 38.0% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 24.4% | 18.8% | ||
| Q3 25 | 27.3% | 16.8% | ||
| Q2 25 | 30.7% | 15.6% | ||
| Q1 25 | 27.2% | 13.7% | ||
| Q4 24 | 31.8% | 18.5% | ||
| Q3 24 | 30.7% | 19.1% | ||
| Q2 24 | 28.0% | 15.2% | ||
| Q1 24 | 24.2% | 14.6% |
| Q4 25 | 15.3% | 18.2% | ||
| Q3 25 | 15.0% | 9.7% | ||
| Q2 25 | 18.6% | -18.0% | ||
| Q1 25 | 16.6% | 3.0% | ||
| Q4 24 | 17.9% | 10.0% | ||
| Q3 24 | 10.8% | 8.7% | ||
| Q2 24 | 17.5% | 9.8% | ||
| Q1 24 | 15.1% | 29.3% |
| Q4 25 | $1.51 | $0.98 | ||
| Q3 25 | $1.46 | $0.50 | ||
| Q2 25 | $1.86 | $-0.90 | ||
| Q1 25 | $1.51 | $0.15 | ||
| Q4 24 | $1.63 | $0.51 | ||
| Q3 24 | $0.98 | $0.41 | ||
| Q2 24 | $1.53 | $0.44 | ||
| Q1 24 | $1.24 | $1.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $798.0M | $599.0M |
| Total DebtLower is stronger | $27.8B | $9.1B |
| Stockholders' EquityBook value | $25.8B | $13.9B |
| Total Assets | $80.1B | $33.5B |
| Debt / EquityLower = less leverage | 1.08× | 0.65× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $798.0M | $599.0M | ||
| Q3 25 | $1.1B | $571.0M | ||
| Q2 25 | $999.0M | $581.0M | ||
| Q1 25 | $1.2B | $805.0M | ||
| Q4 24 | $1.2B | $834.0M | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.2B | $3.3B |
| Q4 25 | $27.8B | $9.1B | ||
| Q3 25 | $28.9B | $8.9B | ||
| Q2 25 | $28.1B | $8.9B | ||
| Q1 25 | $27.0B | $8.7B | ||
| Q4 24 | $23.7B | $9.7B | ||
| Q3 24 | $24.1B | $10.5B | ||
| Q2 24 | $24.4B | $10.6B | ||
| Q1 24 | $23.8B | $10.6B |
| Q4 25 | $25.8B | $13.9B | ||
| Q3 25 | $25.1B | $13.9B | ||
| Q2 25 | $25.2B | $14.2B | ||
| Q1 25 | $25.9B | $15.1B | ||
| Q4 24 | $27.1B | $15.7B | ||
| Q3 24 | $27.8B | $16.6B | ||
| Q2 24 | $28.2B | $17.0B | ||
| Q1 24 | $28.8B | $18.0B |
| Q4 25 | $80.1B | $33.5B | ||
| Q3 25 | $79.4B | $33.0B | ||
| Q2 25 | $81.5B | $33.4B | ||
| Q1 25 | $80.4B | $32.8B | ||
| Q4 24 | $77.2B | $33.8B | ||
| Q3 24 | $79.8B | $34.3B | ||
| Q2 24 | $93.4B | $34.6B | ||
| Q1 24 | $92.7B | $35.9B |
| Q4 25 | 1.08× | 0.65× | ||
| Q3 25 | 1.15× | 0.64× | ||
| Q2 25 | 1.11× | 0.63× | ||
| Q1 25 | 1.04× | 0.57× | ||
| Q4 24 | 0.88× | 0.62× | ||
| Q3 24 | 0.87× | 0.63× | ||
| Q2 24 | 0.87× | 0.62× | ||
| Q1 24 | 0.82× | 0.59× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.9B | $758.0M |
| Free Cash FlowOCF − Capex | $1.5B | $739.0M |
| FCF MarginFCF / Revenue | 28.4% | 26.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 8.4% | 0.7% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.40× | 1.48× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | $2.5B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.9B | $758.0M | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.7B | $382.0M | ||
| Q1 25 | $648.0M | $457.0M | ||
| Q4 24 | $2.2B | $782.0M | ||
| Q3 24 | $2.2B | $641.0M | ||
| Q2 24 | $1.3B | $546.0M | ||
| Q1 24 | $831.0M | $206.0M |
| Q4 25 | $1.5B | $739.0M | ||
| Q3 25 | $1.3B | $952.0M | ||
| Q2 25 | $1.2B | $343.0M | ||
| Q1 25 | $313.0M | $420.0M | ||
| Q4 24 | $1.8B | $764.0M | ||
| Q3 24 | $1.8B | $605.0M | ||
| Q2 24 | $993.0M | $530.0M | ||
| Q1 24 | $411.0M | $179.0M |
| Q4 25 | 28.4% | 26.3% | ||
| Q3 25 | 24.7% | 35.0% | ||
| Q2 25 | 21.5% | 13.1% | ||
| Q1 25 | 6.1% | 16.6% | ||
| Q4 24 | 34.7% | 29.4% | ||
| Q3 24 | 35.2% | 23.5% | ||
| Q2 24 | 19.4% | 21.3% | ||
| Q1 24 | 8.4% | 7.3% |
| Q4 25 | 8.4% | 0.7% | ||
| Q3 25 | 9.6% | 2.2% | ||
| Q2 25 | 8.7% | 1.5% | ||
| Q1 25 | 6.5% | 1.5% | ||
| Q4 24 | 7.6% | 0.7% | ||
| Q3 24 | 7.7% | 1.4% | ||
| Q2 24 | 6.8% | 0.6% | ||
| Q1 24 | 8.6% | 1.1% |
| Q4 25 | 2.40× | 1.48× | ||
| Q3 25 | 2.28× | 3.83× | ||
| Q2 25 | 1.62× | — | ||
| Q1 25 | 0.76× | 5.94× | ||
| Q4 24 | 2.37× | 3.02× | ||
| Q3 24 | 3.97× | 2.86× | ||
| Q2 24 | 1.50× | 2.25× | ||
| Q1 24 | 1.13× | 0.28× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
FI
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
