Small Business was Fiserv’s largest product and service line in fiscal 2025, bringing in $6.80B of $21.19B (32%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Small Business | $4.92B | $5.66B | $6.36B | $6.80B | |||||
| Processing & Services | — | — | — | — | |||||
| Processing | $1.15B | $1.13B | $1.11B | $1.09B | |||||
| Digital Payments | $3.37B | $3.66B | $3.87B | $3.95B | |||||
| Issuing | $2.80B | $3.01B | $3.11B | $3.28B | |||||
| Banking | $2.51B | $2.44B | $2.50B | $2.44B | |||||
| Enterprise | $1.81B | $1.93B | $2.16B | $2.26B | |||||
| Hardware, Print & Card Production | — | — | — | — | |||||
| Corporate & Other | $1.17B | $1.27B | $1.35B | $1.39B | |||||
| Product | — | — | — | — | |||||
| Professional Services | — | — | — | — | |||||
| Output Solutions Postage | — | — | — | — | |||||
| Software Maintenance | — | — | — | — | |||||
| Other | — | — | — | — | |||||
| License & Termination Fees | — | — | — | — | |||||
| Total | $17.74B | $19.09B | $20.46B | $21.19B |
Fiserv brought in $21.19B from its seven product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 3.6% from $20.46B in fiscal 2024. Small Business was the largest at $6.80B (32.1%), ahead of Digital Payments at $3.95B (18.6%) and Issuing at $3.28B (15.5%). The other four lines brought in $7.17B combined.
Compared with fiscal 2024, Small Business grew fastest, up 6.9% to $6.80B, while Banking fell the most, down 2.4% to $2.44B. From fiscal 2022 to 2025, combined revenue from these lines grew from $17.74B to $21.19B, a compound annual growth rate of 6.1%. Small Business' share of the total rose from 27.7% to 32.1%.
Merchant was Fiserv’s largest segment in fiscal 2025, bringing in $10.14B of $21.19B (48%).
| Segment | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchant | $7.88B | $8.72B | $9.63B | $10.14B | ||||||||||||||
| Financial | $8.68B | $9.10B | $9.48B | $9.66B | ||||||||||||||
| Payments | — | — | — | — | ||||||||||||||
| Acceptance | — | — | — | — | ||||||||||||||
| Fintech | — | — | — | — | ||||||||||||||
| Corporate & Other | $1.17B | $1.27B | $1.35B | $1.39B | ||||||||||||||
| Insurance | — | — | — | — | ||||||||||||||
| Total | $17.74B | $19.09B | $20.46B | $21.19B |
Fiserv brought in $21.19B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 3.6% from $20.46B in fiscal 2024. Merchant was the largest at $10.14B (47.8%), ahead of Financial at $9.66B (45.6%) and Corporate & Other at $1.39B (6.6%).
Compared with fiscal 2024, Merchant grew fastest, up 5.3% to $10.14B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $17.74B to $21.19B, a compound annual growth rate of 6.1%. Merchant's share of the total rose from 44.4% to 47.8%.
Guarantor Subsidiaries was Fiserv’s largest revenue line in fiscal 2011, bringing in $3.24B of $4.29B (76%).
| Legal Entity | FY 2008 | FY 2009 | FY 2010 | FY 2011 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $2.93B | $3.03B | $3.14B | $3.24B |
| Non-Guarantor Subsidiaries | $1.76B | $1.16B | $1.13B | $1.24B |
| Parent Company | $1.00M | — | — | — |
| Eliminations | -$98.00M | -$107.00M | -$132.00M | -$195.00M |
| Total | $4.59B | $4.08B | $4.13B | $4.29B |
Fiserv brought in $4.29B from its three revenue lines in fiscal 2011, the year ended December 31, 2011. That was up 3.8% from $4.13B in fiscal 2010. Guarantor Subsidiaries was the largest at $3.24B (75.6%), ahead of Non-Guarantor Subsidiaries at $1.24B (28.9%).
Compared with fiscal 2010, Non-Guarantor Subsidiaries grew 10.2% to $1.24B and Guarantor Subsidiaries grew 3.3% to $3.24B.
Fiserv stopped reporting Parent Company as a separate revenue line after fiscal 2008, when it brought in $1.00M. The total is net of Eliminations, which took $195.00M off revenue in fiscal 2011.
Fiserv (FISV) reports its revenue by product and service, by segment and by legal entity. In fiscal 2025, Small Business was its largest product and service line, bringing in $6.80B (32.1% of the total), followed by Digital Payments at $3.95B (18.6%).
Small Business was Fiserv's largest product and service line in fiscal 2025, bringing in $6.80B, or 32.1% of the $21.19B total across its seven product and service lines.
Merchant was Fiserv's largest segment in fiscal 2025, bringing in $10.14B, or 47.8% of the $21.19B total across its three segments.
Guarantor Subsidiaries was Fiserv's largest revenue line in fiscal 2011, bringing in $3.24B, or 75.6% of the $4.29B total across its three revenue lines.
Among Fiserv's product and service lines that make up at least 2% of revenue, Small Business grew fastest in fiscal 2025, up 6.9% from $6.36B to $6.80B.
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 product and service 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.