Financial Data and Key Metrics Changes - Total adjusted revenue for Q3 2025 grew 1% to $4.9 billion, while adjusted operating income decreased 7% to $1.8 billion, resulting in an adjusted operating margin of 37%, a decrease of 320 basis points [36] - Year-to-date adjusted revenue grew 5% to $14.9 billion, and adjusted operating income grew 5% to $5.7 billion, maintaining an adjusted operating margin of 38.2% [36] - Adjusted EPS for Q3 was $2.04, down 11% from $2.30 in the prior year [36] Business Line Data and Key Metrics Changes - Merchant Solutions segment organic revenue growth was 5% for the quarter and 7% year-to-date, with adjusted revenue growth also at 5% [38] - Financial Solutions segment organic revenue declined 3% in the quarter but grew 3% year-to-date, negatively impacted by lower periodic license revenue [42] - Clover revenue grew 26% in Q3, with GPV growth of 8% reported, and 11% excluding the 2023-2024 gateway conversion [39][40] Market Data and Key Metrics Changes - Argentina contributed over 5 percentage points to the company's 12% organic growth rate in 2023 and roughly 10 percentage points to the 16% organic growth in 2024 [9] - Excluding Argentina, the overall organic revenue growth rate was in the mid-single digits for both 2023 and 2024 [9] Company Strategy and Development Direction - The company is shifting its strategic focus to prioritize sustainable, client-focused opportunities, which may negatively impact near-term results but is expected to position the company for predictable growth [4] - The "One Fiserv" action plan includes investments in client-first operations, enhancing Clover as a small business operating platform, and leveraging AI for operational excellence [22][24] - The company aims to return to consistent mid-single-digit revenue growth beyond 2026, with potential for acceleration over time [6][33] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that recent performance issues were largely self-inflicted and are being addressed through investment and operational focus [14] - The company is confident in its ability to generate double-digit adjusted EPS growth starting in 2027, supported by disciplined capital allocation and strong free cash flow generation [33][54] Other Important Information - The company announced several leadership changes, including new Co-Presidents and a new CFO, to enhance execution and collaboration across business units [27][28] - Three acquisitions were announced during the quarter, focusing on client service and stablecoin growth opportunities [46] Q&A Session Summary Question: How long was Fiserv over earning with deferred investments and short-term initiatives? - Management indicated that the analysis revealed a need for recalibration and that the company is focused on addressing self-inflicted issues to return to double-digit EPS growth [48][50] Question: What changed in the Financial Solutions segment's growth trajectory? - Management noted that while the segment faced challenges, it remains fundamentally strong, with actions taken to ensure competitive positioning [57][68] Question: Is Clover's expected revenue growth a proxy for next year? - Management expressed confidence in Clover's growth trajectory and competitive positioning, indicating that adjustments have been made to align with long-term business needs [73]

Core Insights - Dave Inc. has appointed Parker Barrile as Chief Product Officer, effective November 10, to drive the next phase of growth and strengthen its position in the fintech sector [1][2]. Company Overview - Dave is recognized as one of the leading neobanks in the U.S., serving millions of everyday Americans with disruptive technologies that offer banking services at lower costs compared to traditional banks [5]. Leadership and Experience - Parker Barrile brings extensive executive-level product leadership experience from Prosper and LinkedIn, along with an investor mindset from his nine years as a partner at Norwest, where he led Dave's Series B fundraising and served on the Board of Directors [2][3]. Strategic Focus - As Chief Product Officer, Parker will oversee product, design, and operations teams, focusing on broadening the suite of financial products and enhancing AI and credit capabilities to drive future growth and profitability [3][4]. Vision and Mission - The CEO of Dave, Jason Wilk, emphasized Parker's unique qualifications to enhance the value delivered to members and expressed excitement about the product roadmap [4]. Parker Barrile reiterated his commitment to Dave's mission of leveling the financial playing field for everyday Americans [4].

By Arasu Kannagi Basil (Reuters) -Fiserv's shares plummeted nearly 42% on Wednesday and were set for a record single-day drop after the payments software company reported results below estimates and cut its growth forecast for the second consecutive quarter, with analysts calling the earnings "shockingly bad". The disappointing earnings highlight growing pressure on the fintech's core payments and merchant business, which has struggled to maintain momentum amid fierce competition and a slowdown in consum ...

Oct 29, 2025 7:01 AM Eastern Daylight Time Fiserv Reports Third Quarter 2025 Results Share GAAP revenue growth of 1% in the quarter and 5% year to date;GAAP EPS increased 49% in the quarter and 29% year to date;Organic revenue growth of 1% in the quarter and 5% year to date;Adjusted EPS decreased 11% in the quarter and increased 6% year to date;Company now expects 2025 organic revenue growth of 3.5 to 4%and adjusted EPS of $8.50 to $8.60Launches One Fiserv action plan to prioritize and enhance client focusa ...

Group 1: Barclays Acquisition of Best Egg - Barclays has agreed to acquire U.S. fintech Best Egg for $800 million, enhancing its digital platform for personal loans and asset management capabilities [2][3] - The acquisition is expected to close in the second quarter of next year, following the sale of receivables from Barclays' co-branded American Airlines credit cards [2] - Barclays CEO C.S. Venkatakrishnan emphasized the growth potential in the U.S. consumer finance market, stating that the transaction will strengthen the U.S. Consumer Bank [2][8] Group 2: Best Egg Overview - Best Egg, founded in 2013, has facilitated over $40 billion in personal loans for two million customers and currently services approximately $11 billion in loans [3] - The company offers personal loans through its online platform and converts these loans into asset-backed securities for sale to investors [3] - Best Egg's leadership includes several Barclays veterans, with current CEO Paul Ricci having a background at Barclays and being promoted in June 2023 [4] Group 3: Barclays Strategic Focus - Barclays is shifting its focus towards consumer and business lending operations while reducing risk-weighted assets in its investment banking sector [8] - The bank has pledged to return at least £10 billion ($12.7 billion) to shareholders and aims for a return on tangible equity exceeding 12% [9] - In the latest financial report, Barclays reported pre-tax profits of £2.1 billion for the three months ending September, a decrease from £2.2 billion the previous year [9]

Digi Power X Inc. (DGXX) shares ended the last trading session 25.7% higher at $5.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 97.9% gain over the past four weeks.The stock recorded this price increase as the company benefits from rising demand from the enterprise AI and data-intensive sectors, and the fintech domain.This company is expected to post quarterly loss of $0.11 per share in its upcoming report, w ...

JUST IN: 🇺🇸 Fintech giant SoFi to launch #Bitcoin and crypto trading this year. https://t.co/TlnAMa0IFW ...

SoFi Technologies raised its annual profit forecast above Wall Street estimates on Tuesday after a surge in fee-based revenue fueled record third-quarter results for the financial technology major. ...

Core Insights - PayPal has announced a partnership with OpenAI to enable ChatGPT users to make instant payments using PayPal's services [1] Company Summary - The collaboration aims to enhance the user experience by integrating PayPal's payment solutions directly into the ChatGPT platform [1] Industry Summary - This partnership signifies a growing trend of integrating AI technologies with financial services, potentially transforming how consumers interact with payment systems [1]

Core Insights - Both OppFi Inc. (OPFI) and SoFi Technologies (SOFI) are positioned in the fintech lending sector, with OPFI focusing on underserved non-prime customers and SOFI targeting mass-market consumers [1] Group 1: OppFi Inc. (OPFI) - OPFI's niche strategy for non-prime customers allows it to tap into a fintech market projected to grow at a CAGR of 15.3% from 2025 to 2030 [2] - In Q2 2025, OPFI reported a 12.8% year-over-year revenue growth and a 13.8% increase in net originations, with an improved loan auto approval rate of 80% [3] - Management forecasts full-year revenues between $578 million and $605 million, up from a previous estimate of $563 million to $594 million, and expects adjusted net income to rise to $125-$130 million from $106-$113 million [4] - OPFI's forward P/E ratio is 6.93, significantly lower than its 12-month median of 8.52, indicating a cheaper valuation compared to SOFI [14] Group 2: SoFi Technologies (SOFI) - SOFI added 850,000 members in Q2 2025, bringing total membership to 11.7 million, a 34% year-over-year increase [6] - The company achieved a 34% year-over-year growth in product adoption, with 35% of new products taken up by existing members, indicating effective customer engagement [7] - SOFI's annualized fee-based revenues exceeded $1.5 billion, and its adjusted EBITDA margin expanded by 600 basis points, showcasing improved profitability [8] - SOFI's forward P/E ratio stands at 54.82, higher than its median of 50.59, reflecting a premium valuation compared to OPFI [14] Group 3: Comparative Analysis - OPFI's estimated sales and EPS for 2025 indicate year-over-year growth of 12% and 49.5%, respectively, with no recent changes in analyst estimates [12] - SOFI's 2025 sales and EPS estimates show year-over-year increases of 32.3% and 113.3%, with three upward revisions in the past 60 days [13] - Both companies exhibit strong growth narratives, but OPFI's risk management and optimistic guidance enhance investor confidence, making it a potentially more attractive investment due to its lower valuation [16]