vs
Side-by-side financial comparison of FISERV INC (FISV) and Synchrony Financial (SYF). Click either name above to swap in a different company.
FISERV INC is the larger business by last-quarter revenue ($5.0B vs $4.8B, roughly 1.1× Synchrony Financial). Synchrony Financial runs the higher net margin — 15.8% vs 11.4%, a 4.4% gap on every dollar of revenue. On growth, Synchrony Financial posted the faster year-over-year revenue change (3.7% vs -2.0%). Over the past eight quarters, Synchrony Financial's revenue compounded faster (4.0% CAGR vs -0.8%).
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.
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries and consumers through Synchrony Bank, its wholly owned online bank subsidiary.
FISV vs SYF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.0B | $4.8B |
| Net Profit | $573.0M | $751.0M |
| Gross Margin | — | — |
| Operating Margin | 18.3% | 20.0% |
| Net Margin | 11.4% | 15.8% |
| Revenue YoY | -2.0% | 3.7% |
| Net Profit YoY | -32.4% | -3.0% |
| EPS (diluted) | $1.07 | $2.03 |
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.
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.3B | $4.8B | ||
| Q3 25 | $5.3B | $4.7B | ||
| Q2 25 | $5.5B | $4.5B | ||
| Q1 25 | $5.1B | $4.5B | ||
| Q4 24 | $5.3B | $4.6B | ||
| Q3 24 | $5.2B | $4.6B | ||
| Q2 24 | $5.1B | $4.4B |
| Q1 26 | $573.0M | — | ||
| Q4 25 | $811.0M | $751.0M | ||
| Q3 25 | $792.0M | $1.1B | ||
| Q2 25 | $1.0B | $967.0M | ||
| Q1 25 | $851.0M | $757.0M | ||
| Q4 24 | $938.0M | $774.0M | ||
| Q3 24 | $564.0M | $789.0M | ||
| Q2 24 | $894.0M | $643.0M |
| Q1 26 | 18.3% | — | ||
| Q4 25 | 24.4% | 20.0% | ||
| Q3 25 | 27.3% | 30.3% | ||
| Q2 25 | 30.7% | 27.8% | ||
| Q1 25 | 27.2% | 22.0% | ||
| Q4 24 | 31.8% | 21.2% | ||
| Q3 24 | 30.7% | 22.3% | ||
| Q2 24 | 28.0% | 19.2% |
| Q1 26 | 11.4% | — | ||
| Q4 25 | 15.3% | 15.8% | ||
| Q3 25 | 15.0% | 22.8% | ||
| Q2 25 | 18.6% | 21.4% | ||
| Q1 25 | 16.6% | 17.0% | ||
| Q4 24 | 17.9% | 16.9% | ||
| Q3 24 | 10.8% | 17.1% | ||
| Q2 24 | 17.5% | 14.6% |
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.51 | $2.03 | ||
| Q3 25 | $1.46 | $2.86 | ||
| Q2 25 | $1.86 | $2.50 | ||
| Q1 25 | $1.51 | $1.89 | ||
| Q4 24 | $1.63 | $1.92 | ||
| Q3 24 | $0.98 | $1.94 | ||
| Q2 24 | $1.53 | $1.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $829.0M | $15.0B |
| Total DebtLower is stronger | $27.9B | $15.2B |
| Stockholders' EquityBook value | $26.2B | $16.8B |
| Total Assets | $80.5B | $119.1B |
| Debt / EquityLower = less leverage | 1.06× | 0.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $829.0M | — | ||
| Q4 25 | $798.0M | $15.0B | ||
| Q3 25 | $1.1B | $16.2B | ||
| Q2 25 | $999.0M | $19.5B | ||
| Q1 25 | $1.2B | $21.6B | ||
| Q4 24 | $1.2B | $14.7B | ||
| Q3 24 | $1.2B | $17.9B | ||
| Q2 24 | $1.2B | $18.6B |
| Q1 26 | $27.9B | — | ||
| Q4 25 | $27.8B | $15.2B | ||
| Q3 25 | $28.9B | $14.4B | ||
| Q2 25 | $28.1B | $16.0B | ||
| Q1 25 | $27.0B | $17.0B | ||
| Q4 24 | $23.7B | $15.5B | ||
| Q3 24 | $24.1B | $15.6B | ||
| Q2 24 | $24.4B | $15.6B |
| Q1 26 | $26.2B | — | ||
| Q4 25 | $25.8B | $16.8B | ||
| Q3 25 | $25.1B | $17.1B | ||
| Q2 25 | $25.2B | $17.0B | ||
| Q1 25 | $25.9B | $16.6B | ||
| Q4 24 | $27.1B | $16.6B | ||
| Q3 24 | $27.8B | $16.0B | ||
| Q2 24 | $28.2B | $15.5B |
| Q1 26 | $80.5B | — | ||
| Q4 25 | $80.1B | $119.1B | ||
| Q3 25 | $79.4B | $117.0B | ||
| Q2 25 | $81.5B | $120.5B | ||
| Q1 25 | $80.4B | $122.0B | ||
| Q4 24 | $77.2B | $119.5B | ||
| Q3 24 | $79.8B | $119.2B | ||
| Q2 24 | $93.4B | $120.5B |
| Q1 26 | 1.06× | — | ||
| Q4 25 | 1.08× | 0.91× | ||
| Q3 25 | 1.15× | 0.85× | ||
| Q2 25 | 1.11× | 0.94× | ||
| Q1 25 | 1.04× | 1.03× | ||
| Q4 24 | 0.88× | 0.93× | ||
| Q3 24 | 0.87× | 0.98× | ||
| Q2 24 | 0.87× | 1.01× |
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 | $599.0M | $2.5B |
| Free Cash FlowOCF − Capex | $259.0M | — |
| FCF MarginFCF / Revenue | 5.2% | — |
| Capex IntensityCapex / Revenue | 9.1% | — |
| Cash ConversionOCF / Net Profit | 1.05× | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $4.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $599.0M | — | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $648.0M | $2.2B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $1.3B | $2.5B |
| Q1 26 | $259.0M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $313.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $993.0M | — |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 28.4% | — | ||
| Q3 25 | 24.7% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 19.4% | — |
| Q1 26 | 9.1% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 6.8% | — |
| Q1 26 | 1.05× | — | ||
| Q4 25 | 2.40× | 3.27× | ||
| Q3 25 | 2.28× | 2.45× | ||
| Q2 25 | 1.62× | 2.65× | ||
| Q1 25 | 0.76× | 2.91× | ||
| Q4 24 | 2.37× | 3.04× | ||
| Q3 24 | 3.97× | 3.50× | ||
| Q2 24 | 1.50× | 3.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FISV
| Processing and services | $4.1B | 81% |
| Product | $957.0M | 19% |
SYF
Segment breakdown not available.
