FISERV INC FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$21.2B
Gross margin	— not reported
Operating income	$5.8B
Net income	$3.5B
Diluted EPS	$6.34
Cash & equivalents	$798.0M
Total assets	$80.1B
Long-term debt	$27.8B

Key takeaway

Fiserv operates through two segments—Merchant Solutions and Financial Solutions—serving payments, banking, and commerce clients globally.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of only $798 million against $27.76 billion of long-term debt (plus $1.24 billion current debt) shows a heavily leveraged position with minimal liquidity cushion, reliant on operating cash flow to service obligations.

🔒 3 more insights a headline reader would miss