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Fiserv Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fiserv and similar public comparables like Circle, HiThink, Constellation Software, Block and more.
Fiserv Overview
About Fiserv
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the companyβs revenue is generated internationally.
Founded
1984
HQ

Employees
38.0K
Website
Financials (LTM)
EV
$62B
Fiserv Financials
Fiserv reported last 12-month revenue of $20B and EBITDA of $9B.
In the same LTM period, Fiserv generated $11B in gross profit, $9B in EBITDA, and $5B in net income.
Revenue (LTM)
Fiserv P&L
In the most recent fiscal year, Fiserv reported revenue of $21B and EBITDA of $9B.
Fiserv expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $20B | XXX | $21B | XXX | XXX | XXX |
| Gross Profit | $11B | XXX | $13B | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $9B | XXX | $9B | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | β | β | $26B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fiserv Stock Performance
Fiserv has current market cap of $33B, and enterprise value of $62B.
Market Cap Evolution
Fiserv's stock price is $62.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $62B | $33B | 1.9% | XXX | XXX | XXX | $8.90 |
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Start Free TrialFiserv Valuation Multiples
Fiserv trades at 3.1x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Fiserv Financial Valuation Multiples
As of April 17, 2026, Fiserv has market cap of $33B and EV of $62B.
Equity research analysts estimate Fiserv's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fiserv has a P/E ratio of 7.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $33B | XXX | $33B | XXX | XXX | XXX |
| EV (current) | $62B | XXX | $62B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBIT | 8.5x | XXX | 8.3x | XXX | XXX | XXX |
| EV/Gross Profit | 5.5x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 7.2x | XXX | 7.0x | XXX | XXX | XXX |
| EV/FCF | 14.5x | XXX | 13.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fiserv Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Fiserv Margins & Growth Rates
Fiserv's revenue in the last 12 month grew by 2%.
Fiserv's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Fiserv's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fiserv's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Fiserv Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | (4%) | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fiserv Public Comps
See public comps and valuation multiples for other Financial Services Software and Payment Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fiserv | XXX | XXX | XXX | XXX | XXX | XXX |
| Circle | XXX | XXX | XXX | XXX | XXX | XXX |
| HiThink | XXX | XXX | XXX | XXX | XXX | XXX |
| Constellation Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Block | XXX | XXX | XXX | XXX | XXX | XXX |
| Fair Isaac | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fiserv M&A Activity
Fiserv acquired XXX companies to date.
Last acquisition by Fiserv was on XXXXXXXX, XXXXX. Fiserv acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fiserv
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialFiserv Investment Activity
Fiserv invested in XXX companies to date.
Fiserv made its latest investment on XXXXXXXX, XXXXX. Fiserv invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fiserv
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Fiserv
| When was Fiserv founded? | Fiserv was founded in 1984. |
| Where is Fiserv headquartered? | Fiserv is headquartered in United States. |
| How many employees does Fiserv have? | As of today, Fiserv has over 38K employees. |
| Is Fiserv publicly listed? | Yes, Fiserv is a public company listed on Nasdaq. |
| What is the stock symbol of Fiserv? | Fiserv trades under FISV ticker. |
| When did Fiserv go public? | Fiserv went public in 1986. |
| Who are competitors of Fiserv? | Fiserv main competitors are Circle, HiThink, Constellation Software, Block. |
| What is the current market cap of Fiserv? | Fiserv's current market cap is $33B. |
| What is the current revenue of Fiserv? | Fiserv's last 12 months revenue is $20B. |
| What is the current revenue growth of Fiserv? | Fiserv revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Fiserv? | Current revenue multiple of Fiserv is 3.1x. |
| Is Fiserv profitable? | Yes, Fiserv is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fiserv? | Fiserv's last 12 months EBITDA is $9B. |
| What is Fiserv's EBITDA margin? | Fiserv's last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Fiserv? | Current EBITDA multiple of Fiserv is 6.8x. |
| What is the current FCF of Fiserv? | Fiserv's last 12 months FCF is $4B. |
| What is Fiserv's FCF margin? | Fiserv's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Fiserv? | Current FCF multiple of Fiserv is 14.5x. |
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