Banking was Fiserv’s largest segment in fiscal 2025, bringing in $2.44B of $4.80B (51%).
| Segment | FY 2017 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Small Business | — | $5.66B | $6.36B | — | |
| Processing & Services | $6.82B | — | — | — | |
| Digital Payments | — | $3.66B | — | — | |
| Issuing | — | — | $3.11B | — | |
| Product | $4.35B | $4.59B | $5.23B | $1.27B | |
| Banking | $2.51B | $2.44B | $2.50B | $2.44B | |
| Enterprise | $1.81B | $1.93B | $2.16B | — | |
| Processing | $1.15B | $1.13B | $1.11B | $1.09B | |
| Total | $16.63B | $19.41B | $20.47B | $4.80B |
Fiserv brought in $4.80B from its three segments in fiscal 2025, the year ended December 31, 2025. Fiserv regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $20.47B. Banking was the largest at $2.44B (50.8%), ahead of Product at $1.27B (26.6%) and Processing at $1.09B (22.7%).
Compared with fiscal 2024, every segment above 2% of revenue shrank. Processing held up best, down 2.0% to $1.09B, and Product fell the most, down 75.6% to $1.27B.
Fiserv stopped reporting Processing & Services ($6.82B in fiscal 2022), Small Business ($6.36B in fiscal 2024), Digital Payments ($3.66B in fiscal 2023) and two others as separate segments.
Financial was Fiserv’s largest segment in fiscal 2025, bringing in $2.44B of $3.71B (66%).
| Statement Business Segments | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2013 | FY 2014 | FY 2015 | FY 2017 | FY 2018 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchant | $6.82B | $5.66B | $6.36B | $1.27B | |||||||||
| Financial | $3.37B | $3.66B | $3.87B | $2.44B | |||||||||
| Payments | — | — | — | — | |||||||||
| Insurance | — | — | — | — | |||||||||
| Corporate & Other | — | — | — | — | |||||||||
| Total | $10.19B | $9.32B | $10.23B | $3.71B |
Fiserv brought in $3.71B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $4.80B it reports by segment, so these segments do not cover all of its revenue. Financial was the largest at $2.44B (65.7%), ahead of Merchant at $1.27B (34.3%).
Compared with fiscal 2024, Financial fell 37.1% to $2.44B and Merchant fell 80.0% to $1.27B.
Equity Method Investee was Fiserv’s largest revenue line in fiscal 2025, bringing in $96.00M of $186.00M (52%).
| Related and Nonrelated Parties | FY 2023 | FY 2025 |
|---|---|---|
| Equity Method Investee | $178.00M | $96.00M |
| Affiliated Entity | $177.00M | $90.00M |
| Total | $355.00M | $186.00M |
Fiserv brought in $186.00M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $4.80B it reports by segment, so these revenue lines do not cover all of its revenue. Equity Method Investee was the largest at $96.00M (51.6%), ahead of Affiliated Entity at $90.00M (48.4%).
Compared with fiscal 2023, the previous year with figures, Equity Method Investee fell 46.1% to $96.00M and Affiliated Entity fell 49.2% to $90.00M.
Fiserv (FISV) reports its revenue by segment, by statement business segments and by related and nonrelated parties. In fiscal 2025, Banking was its largest segment, bringing in $2.44B (50.8% of the total), followed by Product at $1.27B (26.6%).
Banking was Fiserv's largest segment in fiscal 2025, bringing in $2.44B, or 50.8% of the $4.80B total across its three segments.
Equity Method Investee was Fiserv's largest revenue line in fiscal 2025, bringing in $96.00M, or 51.6% of the $186.00M total across its two revenue lines.
Every figure comes from Fiserv's annual financial filings, as reported. Each line keeps the name Fiserv gives it, and years follow its fiscal calendar.
Fiserv's revenue by segment goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.