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Side-by-side financial comparison of FISERV INC (FISV) and State Street Corporation (STT). Click either name above to swap in a different company.
FISERV INC is the larger business by last-quarter revenue ($5.3B vs $3.7B, roughly 1.4× State Street Corporation). State Street Corporation runs the higher net margin — 20.4% vs 15.3%, a 5.0% gap on every dollar of revenue. On growth, State Street Corporation posted the faster year-over-year revenue change (7.5% vs 0.6%). State Street Corporation produced more free cash flow last quarter ($9.8B vs $1.5B). Over the past eight quarters, State Street Corporation's revenue compounded faster (8.1% 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.
State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.
FISV vs STT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $3.7B |
| Net Profit | $811.0M | $747.0M |
| Gross Margin | — | — |
| Operating Margin | 24.4% | 25.0% |
| Net Margin | 15.3% | 20.4% |
| Revenue YoY | 0.6% | 7.5% |
| Net Profit YoY | -13.5% | -4.6% |
| EPS (diluted) | $1.51 | $2.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.3B | $3.7B | ||
| Q3 25 | $5.3B | $3.5B | ||
| Q2 25 | $5.5B | $3.4B | ||
| Q1 25 | $5.1B | $3.3B | ||
| Q4 24 | $5.3B | $3.4B | ||
| Q3 24 | $5.2B | $3.3B | ||
| Q2 24 | $5.1B | $3.2B | ||
| Q1 24 | $4.9B | $3.1B |
| Q4 25 | $811.0M | $747.0M | ||
| Q3 25 | $792.0M | $861.0M | ||
| Q2 25 | $1.0B | $693.0M | ||
| Q1 25 | $851.0M | $644.0M | ||
| Q4 24 | $938.0M | $783.0M | ||
| Q3 24 | $564.0M | $730.0M | ||
| Q2 24 | $894.0M | $711.0M | ||
| Q1 24 | $735.0M | $463.0M |
| Q4 25 | 24.4% | 25.0% | ||
| Q3 25 | 27.3% | 31.1% | ||
| Q2 25 | 30.7% | 25.8% | ||
| Q1 25 | 27.2% | 25.0% | ||
| Q4 24 | 31.8% | 28.1% | ||
| Q3 24 | 30.7% | 28.4% | ||
| Q2 24 | 28.0% | 28.6% | ||
| Q1 24 | 24.2% | 19.1% |
| Q4 25 | 15.3% | 20.4% | ||
| Q3 25 | 15.0% | 24.3% | ||
| Q2 25 | 18.6% | 20.1% | ||
| Q1 25 | 16.6% | 19.6% | ||
| Q4 24 | 17.9% | 22.9% | ||
| Q3 24 | 10.8% | 22.4% | ||
| Q2 24 | 17.5% | 22.3% | ||
| Q1 24 | 15.1% | 14.8% |
| Q4 25 | $1.51 | $2.41 | ||
| Q3 25 | $1.46 | $2.78 | ||
| Q2 25 | $1.86 | $2.17 | ||
| Q1 25 | $1.51 | $2.04 | ||
| Q4 24 | $1.63 | $2.43 | ||
| Q3 24 | $0.98 | $2.26 | ||
| Q2 24 | $1.53 | $2.15 | ||
| Q1 24 | $1.24 | $1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $798.0M | — |
| Total DebtLower is stronger | $27.8B | — |
| Stockholders' EquityBook value | $25.8B | $27.8B |
| Total Assets | $80.1B | $366.0B |
| Debt / EquityLower = less leverage | 1.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $999.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $27.8B | — | ||
| Q3 25 | $28.9B | — | ||
| Q2 25 | $28.1B | — | ||
| Q1 25 | $27.0B | — | ||
| Q4 24 | $23.7B | — | ||
| Q3 24 | $24.1B | — | ||
| Q2 24 | $24.4B | — | ||
| Q1 24 | $23.8B | — |
| Q4 25 | $25.8B | $27.8B | ||
| Q3 25 | $25.1B | $27.6B | ||
| Q2 25 | $25.2B | $27.3B | ||
| Q1 25 | $25.9B | $26.7B | ||
| Q4 24 | $27.1B | $25.3B | ||
| Q3 24 | $27.8B | $25.8B | ||
| Q2 24 | $28.2B | $24.8B | ||
| Q1 24 | $28.8B | $24.4B |
| Q4 25 | $80.1B | $366.0B | ||
| Q3 25 | $79.4B | $371.1B | ||
| Q2 25 | $81.5B | $376.7B | ||
| Q1 25 | $80.4B | $372.7B | ||
| Q4 24 | $77.2B | $353.2B | ||
| Q3 24 | $79.8B | $338.5B | ||
| Q2 24 | $93.4B | $325.6B | ||
| Q1 24 | $92.7B | $338.0B |
| Q4 25 | 1.08× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.87× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 0.82× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.9B | $10.0B |
| Free Cash FlowOCF − Capex | $1.5B | $9.8B |
| FCF MarginFCF / Revenue | 28.4% | 266.6% |
| Capex IntensityCapex / Revenue | 8.4% | 7.3% |
| Cash ConversionOCF / Net Profit | 2.40× | 13.44× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | $10.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $10.0B | ||
| Q3 25 | $1.8B | $7.9B | ||
| Q2 25 | $1.7B | $-8.4B | ||
| Q1 25 | $648.0M | $2.4B | ||
| Q4 24 | $2.2B | $-7.4B | ||
| Q3 24 | $2.2B | $2.7B | ||
| Q2 24 | $1.3B | $-7.6B | ||
| Q1 24 | $831.0M | $-844.0M |
| Q4 25 | $1.5B | $9.8B | ||
| Q3 25 | $1.3B | $7.7B | ||
| Q2 25 | $1.2B | $-8.8B | ||
| Q1 25 | $313.0M | $2.2B | ||
| Q4 24 | $1.8B | $-7.7B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $993.0M | $-7.9B | ||
| Q1 24 | $411.0M | $-1.1B |
| Q4 25 | 28.4% | 266.6% | ||
| Q3 25 | 24.7% | 216.0% | ||
| Q2 25 | 21.5% | -254.1% | ||
| Q1 25 | 6.1% | 66.1% | ||
| Q4 24 | 34.7% | -225.1% | ||
| Q3 24 | 35.2% | 75.9% | ||
| Q2 24 | 19.4% | -246.2% | ||
| Q1 24 | 8.4% | -34.2% |
| Q4 25 | 8.4% | 7.3% | ||
| Q3 25 | 9.6% | 6.9% | ||
| Q2 25 | 8.7% | 9.3% | ||
| Q1 25 | 6.5% | 6.9% | ||
| Q4 24 | 7.6% | 7.3% | ||
| Q3 24 | 7.7% | 7.2% | ||
| Q2 24 | 6.8% | 6.7% | ||
| Q1 24 | 8.6% | 7.3% |
| Q4 25 | 2.40× | 13.44× | ||
| Q3 25 | 2.28× | 9.18× | ||
| Q2 25 | 1.62× | -12.18× | ||
| Q1 25 | 0.76× | 3.72× | ||
| Q4 24 | 2.37× | -9.49× | ||
| Q3 24 | 3.97× | 3.71× | ||
| Q2 24 | 1.50× | -10.75× | ||
| Q1 24 | 1.13× | -1.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FISV
| 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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
