Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Fiserv reported second-quarter 2026 results broadly in line with guidance but reflected several challenges that reduced near-term growth expectations.</li>
<li>Adjusted revenue declined 4% year-over-year to $4.96 billion, while organic revenue fell 5%.</li>
<li>Recurring revenue, representing approximately 85% of adjusted revenue, increased 2%, providing some stability.</li>
</ul>


Fiserv reported second-quarter 2026 results broadly in line with guidance but reflected several challenges that reduced near-term growth expectations.
Adjusted revenue declined 4% year-over-year to $4.96 billion, while organic revenue fell 5%.
Recurring revenue, representing approximately 85% of adjusted revenue, increased 2%, providing some stability.


Fiserv’s Strategic Reset — Clover, Finxact & Portfolio Simplification Take Center Stage!

<ul>
<li>Fiserv’s second-quarter 2026 results were consistent with prior guidance but indicated some emerging challenges.</li>
<li>The company reported adjusted revenue of $4.96 billion, down 4% year-over-year, with organic revenue declining 5%.</li>
<li>Recurring revenue, representing approximately 84% of total adjusted revenue, grew modestly by 2%, reflecting stable transaction volumes and account trends.</li>
</ul>


Fiserv’s second-quarter 2026 results were consistent with prior guidance but indicated some emerging challenges.
The company reported adjusted revenue of $4.96 billion, down 4% year-over-year, with organic revenue declining 5%.
Recurring revenue, representing approximately 84% of total adjusted revenue, grew modestly by 2%, reflecting stable transaction volumes and account trends.


Fiserv’s $100 Million Technology Reset: Can It Restart The Growth Engine?

<ul>
<li>Fiserv reported first quarter 2026 results in line with prior guidance, reflecting continued progression under its One Fiserv Action Plan amid transitional challenges.</li>
<li>Total adjusted revenue stood at $4.68 billion, down 2.4% year-over-year, primarily due to lapping higher nonrecurring revenue from the previous year.</li>
<li>Organic revenue declined 3.6%, reflecting ongoing impacts from prior client service issues and continued investments aimed at long-term growth.</li>
</ul>


Fiserv reported first quarter 2026 results in line with prior guidance, reflecting continued progression under its One Fiserv Action Plan amid transitional challenges.
Total adjusted revenue stood at $4.68 billion, down 2.4% year-over-year, primarily due to lapping higher nonrecurring revenue from the previous year.
Organic revenue declined 3.6%, reflecting ongoing impacts from prior client service issues and continued investments aimed at long-term growth.


Fiserv’s $4.68 Billion Quarter: Can Clover & AI Offset Client Attrition?

<ul>
<li>Fiserv's fourth-quarter 2025 results and full-year performance reflected stable business activity and progress against its multi-pillar One Fiserv strategic plan, which focuses on client-centricity, platform innovation, operational efficiency, and disciplined capital allocation.</li>
<li>The company reported adjusted Q4 revenue of $4.9 billion, essentially flat year-over-year, and adjusted operating income of $1.7 billion, with a margin of 34.9%.</li>
<li>Full-year adjusted revenue rose 4% to $19.8 billion, with adjusted operating income of $7.4 billion and a 37.4% operating margin, down 200 basis points as guided.</li>
</ul>


Fiserv's fourth-quarter 2025 results and full-year performance reflected stable business activity and progress against its multi-pillar One Fiserv strategic plan, which focuses on client-centricity, platform innovation, operational efficiency, and disciplined capital allocation.
The company reported adjusted Q4 revenue of $4.9 billion, essentially flat year-over-year, and adjusted operating income of $1.7 billion, with a margin of 34.9%.
Full-year adjusted revenue rose 4% to $19.8 billion, with adjusted operating income of $7.4 billion and a 37.4% operating margin, down 200 basis points as guided.


Fiserv Is Rebuilding Its Banking Segment — But Is Client Attrition Fully Under Control?

<ul>
<li>Fiserv's fourth-quarter results demonstrate both opportunities and challenges as the company navigates its strategic path.</li>
<li>On the positive side, the company showed stable business activity trends, with no major deviations from its previously shared outlook.</li>
<li>The team is focused on a multi-quarter trajectory aimed at achieving strong and sustainable operating performance.</li>
</ul>


Fiserv's fourth-quarter results demonstrate both opportunities and challenges as the company navigates its strategic path.
On the positive side, the company showed stable business activity trends, with no major deviations from its previously shared outlook.
The team is focused on a multi-quarter trajectory aimed at achieving strong and sustainable operating performance.


Fiserv Is Tweaking Pricing, Not Products—Why Volume Momentum Matters More Than Ever!

United States

Fiserv, Inc. provides fintech solutions. The Company provides a platform that enables businesses to accept payments, track performance, and drive sales. Fiserv serves corporate and public sector, merchants, banks, credit unions, and other financial institutions globally.

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Fiserv (FI US)

Fiserv’s Strategic Reset — Clover, Finxact & Portfolio Simplification Take Center Stage!

Fiserv reported second-quarter 2026 results broadly in line with guidance but reflected several challenges that reduced near-term growth expectations.

Baptista Research

Fiserv’s $100 Million Technology Reset: Can It Restart The Growth Engine?

Recurring revenue, representing approximately 84% of total adjusted revenue, grew modestly by 2%, reflecting stable transaction volumes and account...

Baptista Research

Fiserv’s $4.68 Billion Quarter: Can Clover & AI Offset Client Attrition?

Fiserv reported first quarter 2026 results in line with prior guidance, reflecting continued progression under its One Fiserv Action Plan amid...

Baptista Research

Fiserv Is Rebuilding Its Banking Segment — But Is Client Attrition Fully Under Control?

The company reported adjusted Q4 revenue of $4.9 billion, essentially flat year-over-year, and adjusted operating income of $1.7 billion, with a...

Baptista Research

Fiserv Is Tweaking Pricing, Not Products—Why Volume Momentum Matters More Than Ever!

On the positive side, the company showed stable business activity trends, with no major deviations from its previously shared outlook.

Baptista Research

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