How do Fiserv and Block, Inc. compare by revenue?

Fiserv reported revenue of $5.3B in Q4 2025, while Block, Inc. reported $6.3B in Q4 2025. Block, Inc. is 1.2× larger by last-quarter revenue.

Which is growing revenue faster, Fiserv or Block, Inc.?

Fiserv's latest revenue grew 0.6% year-over-year, versus 3.6% for Block, Inc.. Block, Inc. is growing faster on a YoY basis.

Which has a higher net margin, Fiserv or Block, Inc.?

Fiserv's net margin is 15.3% vs Block, Inc.'s 1.9%. Fiserv has the higher bottom-line margin.

Which generates more free cash flow, Fiserv or Block, Inc.?

Fiserv generated $1.5B of free cash flow last quarter, versus $579.8M for Block, Inc.. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Fiserv vs Block, Inc.?

Over the trailing 8 quarters, Fiserv compounded revenue at roughly 4.0% per year, versus 2.4% for Block, Inc.. Fiserv has the faster medium-term growth trajectory.

Where does this FI vs XYZ data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Fiserv (FI) and Block, Inc. (XYZ), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $5.3B, roughly 1.2× Fiserv). Fiserv runs the higher net margin — 15.3% vs 1.9%, a 13.5% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (3.6% vs 0.6%). Fiserv produced more free cash flow last quarter ($1.5B vs $579.8M). Over the past eight quarters, Fiserv's revenue compounded faster (4.0% CAGR vs 2.4%).

FiservFIEarnings & Financial Report

Financials · Transaction & Payment Processing Services

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.

Block, Inc.XYZEarnings & Financial Report

NYSE · Financials · Transaction & Payment Processing Services

Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.

FI vs XYZ — Head-to-Head

Bigger by revenue

XYZ

1.2× larger

$6.3B

$5.3B

Growing faster (revenue YoY)

XYZ

+3.0% gap

3.6%

0.6%

Higher net margin

13.5% more per $

15.3%

1.9%

More free cash flow

$922.2M more FCF

$1.5B

$579.8M

Faster 2-yr revenue CAGR

Annualised

4.0%

2.4%

Income Statement — Q4 2025 vs Q4 2025

Metric	FI	XYZ
Revenue	$5.3B	$6.3B
Net Profit	$811.0M	$115.8M
Gross Margin	—	45.9%
Operating Margin	24.4%	7.8%
Net Margin	15.3%	1.9%
Revenue YoY	0.6%	3.6%
Net Profit YoY	-13.5%	-94.1%
EPS (diluted)	$1.51	$0.19

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.

Revenue

XYZ

Q4 25	$5.3B	$6.3B
Q3 25	$5.3B	$6.1B
Q2 25	$5.5B	$6.1B
Q1 25	$5.1B	$5.8B
Q4 24	$5.3B	$6.0B
Q3 24	$5.2B	$6.0B
Q2 24	$5.1B	$6.2B
Q1 24	$4.9B	$6.0B

Net Profit

XYZ

Q4 25	$811.0M	$115.8M
Q3 25	$792.0M	$461.5M
Q2 25	$1.0B	$538.5M
Q1 25	$851.0M	$189.9M
Q4 24	$938.0M	$1.9B
Q3 24	$564.0M	$283.8M
Q2 24	$894.0M	$195.3M
Q1 24	$735.0M	$472.0M

Gross Margin

XYZ

Q4 25	—	45.9%
Q3 25	—	43.5%
Q2 25	—	41.9%
Q1 25	—	39.7%
Q4 24	—	38.3%
Q3 24	—	37.6%
Q2 24	—	36.3%
Q1 24	—	35.2%

Operating Margin

XYZ

Q4 25	24.4%	7.8%
Q3 25	27.3%	6.7%
Q2 25	30.7%	8.0%
Q1 25	27.2%	5.7%
Q4 24	31.8%	0.2%
Q3 24	30.7%	5.4%
Q2 24	28.0%	5.0%
Q1 24	24.2%	4.2%

Net Margin

XYZ

Q4 25	15.3%	1.9%
Q3 25	15.0%	7.5%
Q2 25	18.6%	8.9%
Q1 25	16.6%	3.3%
Q4 24	17.9%	32.3%
Q3 24	10.8%	4.7%
Q2 24	17.5%	3.2%
Q1 24	15.1%	7.9%

EPS (diluted)

XYZ

Q4 25	$1.51	$0.19
Q3 25	$1.46	$0.74
Q2 25	$1.86	$0.87
Q1 25	$1.51	$0.30
Q4 24	$1.63	$3.06
Q3 24	$0.98	$0.45
Q2 24	$1.53	$0.31
Q1 24	$1.24	$0.74

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	FI	XYZ
Cash + ST InvestmentsLiquidity on hand	$798.0M	$6.6B
Total DebtLower is stronger	$27.8B	—
Stockholders' EquityBook value	$25.8B	$22.2B
Total Assets	$80.1B	$39.5B
Debt / EquityLower = less leverage	1.08×	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

XYZ

Q4 25	$798.0M	$6.6B
Q3 25	$1.1B	$8.3B
Q2 25	$999.0M	$6.4B
Q1 25	$1.2B	$7.1B
Q4 24	$1.2B	$8.1B
Q3 24	$1.2B	$8.3B
Q2 24	$1.2B	$7.8B
Q1 24	$1.2B	$5.8B

Total Debt

XYZ

Q4 25	$27.8B	—
Q3 25	$28.9B	$7.3B
Q2 25	$28.1B	$5.1B
Q1 25	$27.0B	$5.1B
Q4 24	$23.7B	$6.1B
Q3 24	$24.1B	$6.1B
Q2 24	$24.4B	$6.1B
Q1 24	$23.8B	$4.1B

Stockholders' Equity

XYZ

Q4 25	$25.8B	$22.2B
Q3 25	$25.1B	$22.5B
Q2 25	$25.2B	$22.2B
Q1 25	$25.9B	$21.5B
Q4 24	$27.1B	$21.3B
Q3 24	$27.8B	$19.9B
Q2 24	$28.2B	$19.3B
Q1 24	$28.8B	$19.0B

Total Assets

XYZ

Q4 25	$80.1B	$39.5B
Q3 25	$79.4B	$39.2B
Q2 25	$81.5B	$36.9B
Q1 25	$80.4B	$36.4B
Q4 24	$77.2B	$36.8B
Q3 24	$79.8B	$36.4B
Q2 24	$93.4B	$37.5B
Q1 24	$92.7B	$35.6B

Debt / Equity

XYZ

Q4 25	1.08×	—
Q3 25	1.15×	0.32×
Q2 25	1.11×	0.23×
Q1 25	1.04×	0.24×
Q4 24	0.88×	0.29×
Q3 24	0.87×	0.31×
Q2 24	0.87×	0.32×
Q1 24	0.82×	0.22×

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	FI	XYZ
Operating Cash FlowLast quarter	$1.9B	$621.0M
Free Cash FlowOCF − Capex	$1.5B	$579.8M
FCF MarginFCF / Revenue	28.4%	9.3%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	8.4%	0.7%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	2.40×	5.36×
TTM Free Cash FlowTrailing 4 quarters	$4.3B	$2.4B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

XYZ

Q4 25	$1.9B	$621.0M
Q3 25	$1.8B	$1.5B
Q2 25	$1.7B	$374.3M
Q1 25	$648.0M	$133.3M
Q4 24	$2.2B	$13.8M
Q3 24	$2.2B	$684.8M
Q2 24	$1.3B	$519.4M
Q1 24	$831.0M	$489.4M

Free Cash Flow

XYZ

Q4 25	$1.5B	$579.8M
Q3 25	$1.3B	$1.4B
Q2 25	$1.2B	$343.0M
Q1 25	$313.0M	$101.5M
Q4 24	$1.8B	$-13.2M
Q3 24	$1.8B	$628.2M
Q2 24	$993.0M	$481.0M
Q1 24	$411.0M	$457.4M

FCF Margin

XYZ

Q4 25	28.4%	9.3%
Q3 25	24.7%	22.9%
Q2 25	21.5%	5.7%
Q1 25	6.1%	1.8%
Q4 24	34.7%	-0.2%
Q3 24	35.2%	10.5%
Q2 24	19.4%	7.8%
Q1 24	8.4%	7.7%

Capex Intensity

XYZ

Q4 25	8.4%	0.7%
Q3 25	9.6%	0.8%
Q2 25	8.7%	0.5%
Q1 25	6.5%	0.6%
Q4 24	7.6%	0.4%
Q3 24	7.7%	0.9%
Q2 24	6.8%	0.6%
Q1 24	8.6%	0.5%

Cash Conversion

XYZ

Q4 25	2.40×	5.36×
Q3 25	2.28×	3.14×
Q2 25	1.62×	0.70×
Q1 25	0.76×	0.70×
Q4 24	2.37×	0.01×
Q3 24	3.97×	2.41×
Q2 24	1.50×	2.66×
Q1 24	1.13×	1.04×

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.