What is Fiserv's free cash flow margin?

Latest reported free cash flow margin for Fiserv (FISV) is 19.71% as of the trailing twelve months (TTM) ending March 31, 2026.

How has Fiserv free cash flow margin changed year-over-year?

Fiserv (FISV) free cash flow margin changed −4.3 percentage points year-over-year on the latest annual filing.

When did Fiserv free cash flow margin hit its highest annual value?

Fiserv free cash flow margin reached its highest annual value of 30.93% in 2000.

What was Fiserv free cash flow margin in 2024?

Fiserv (FISV) free cash flow margin in 2024 was 24.75%.

What was Fiserv free cash flow margin in 2025?

Fiserv (FISV) free cash flow margin in 2025 was 20.48%.

Fiserv (FISV) FCF Margin — Free Cash Flow Margin History

TTM

19.7%

YoY change

−4.26pp

Trough year (1994)

1.8%

Peak year (2000)

30.9%

FCF Margin history chart for Fiserv (FISV) from 1989 to 2025

Latest: 20.5%

FCF Margin change chart for Fiserv (FISV) from 1989 to 2025

Latest: −4.26pp

FCF Margin history table for Fiserv (FISV) from 1989 to 2025


2025	20.5%	-4.26pp	Dec 31, 2025	Feb 19, 2026
2024	24.7%	+4.98pp	Dec 31, 2024	Feb 20, 2025
2023	19.8%	+2.07pp	Dec 31, 2023	Feb 22, 2024
2022	17.7%	-0.01pp	Dec 31, 2022	Feb 23, 2023
2021	17.7%	-4.15pp	Dec 31, 2021	Feb 24, 2022
2020	21.9%	+1.50pp	Dec 31, 2020	Feb 26, 2021
2019	20.4%	-0.11pp	Dec 31, 2019	Dec 31, 2019
2018	20.5%	-0.53pp	Dec 31, 2018	Feb 25, 2019
2017	21.0%	+0.27pp	Dec 31, 2017	Feb 27, 2018
2016	20.7%	+1.94pp	Dec 31, 2016	Feb 24, 2017
2015	18.8%	-1.25pp	Dec 31, 2015	Feb 29, 2016
2014	20.0%	+3.36pp	Dec 31, 2014	Mar 6, 2015
2013	16.7%	+2.25pp	Dec 31, 2013	Mar 4, 2014
2012	14.4%	-3.32pp	Dec 31, 2012	Dec 31, 2012
2011	17.7%	-1.20pp	Dec 31, 2011	Dec 31, 2011
2010	18.9%	+2.95pp	Dec 31, 2010	Dec 31, 2010
2009	16.0%	+3.43pp	Dec 31, 2009	Dec 31, 2009
2008	12.6%	+0.47pp	Dec 31, 2008	Dec 31, 2008
2007	12.1%	-0.46pp	Dec 31, 2007	Dec 31, 2007
2006	12.5%	-0.79pp	Dec 31, 2006	Dec 31, 2006
2005	13.3%	-0.96pp	Dec 31, 2005	Dec 31, 2005
2004	14.3%	+1.48pp	Dec 31, 2004	Dec 31, 2004
2003	12.8%	-5.39pp	Dec 31, 2003	Dec 31, 2003
2002	18.2%	+0.94pp	Dec 31, 2002	Dec 31, 2002
2001	17.3%	-13.67pp	Dec 31, 2001	Dec 31, 2001
2000	30.9%	+23.25pp	Dec 31, 2000	Dec 31, 2000
1999	7.7%	-6.28pp	Dec 31, 1999	Dec 31, 1999
1998	14.0%	+0.65pp	Dec 31, 1998	Dec 31, 1998
1997	13.3%	+0.51pp	Dec 31, 1997	Dec 31, 1997
1996	12.8%	+6.62pp	Dec 31, 1996	Dec 31, 1996
1995	6.2%	+4.39pp	Dec 31, 1995	Dec 31, 1995
1994	1.8%	-0.41pp	Dec 31, 1994	Dec 31, 1994
1993	2.2%	-2.90pp	Dec 31, 1993	Dec 31, 1993
1992	5.1%	-1.00pp	Dec 31, 1992	Dec 31, 1992
1991	6.1%	-6.77pp	Dec 31, 1991	Dec 31, 1991
1990	12.9%	+10.08pp	Dec 31, 1990	Dec 31, 1990
1989	2.8%	—	Dec 31, 1989	Dec 31, 1989

202520.5%-4.26pp
202424.7%+4.98pp
202319.8%+2.07pp
202217.7%-0.01pp
202117.7%-4.15pp
202021.9%+1.50pp
201920.4%-0.11pp
201820.5%-0.53pp
201721.0%+0.27pp
201620.7%+1.94pp
201518.8%-1.25pp
201420.0%+3.36pp
201316.7%+2.25pp
201214.4%-3.32pp
201117.7%-1.20pp
201018.9%+2.95pp
200916.0%+3.43pp
200812.6%+0.47pp
200712.1%-0.46pp
200612.5%-0.79pp
200513.3%-0.96pp
200414.3%+1.48pp
200312.8%-5.39pp
200218.2%+0.94pp
200117.3%-13.67pp
200030.9%+23.25pp
19997.7%-6.28pp
199814.0%+0.65pp
199713.3%+0.51pp
199612.8%+6.62pp
19956.2%+4.39pp
19941.8%-0.41pp
19932.2%-2.90pp
19925.1%-1.00pp
19916.1%-6.77pp
199012.9%+10.08pp
19892.8%—

FCF Margin values are taken from Fiserv's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Fiserv (FISV)

According to Fiserv's latest reported financial statements, the company's latest reported free cash flow margin is 19.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 6, 2026). Chart and table below cover the full reported history back to 1989.

Fiserv (FISV) most recent annual free cash flow margin stands at 20.48% (2025) – contracted 4.3 percentage points year-over-year.

30.93% stands as the all-time-high annual free cash flow margin, posted in 2000, against a low of 1.81% during 1994.

Fiserv FCF Margin by Year

Fiserv FCF Margin 2025: 20.5%

Fiserv free cash flow margin in 2025 was 20.48%, contracted 4.3 percentage points from 2024.

Fiserv FCF Margin 2024: 24.7%

2024's free cash flow margin for Fiserv came in at 24.75%, expanded 5.0 percentage points from 2023.

Fiserv FCF Margin 2023: 19.8%

Fiserv posted free cash flow margin of 19.77% in 2023, expanded 2.1 percentage points from 2022.

Fiserv FCF Margin 2022: 17.7%

In 2022, Fiserv reported free cash flow margin of 17.70%, contracted 0.0 percentage points from 2021.

Fiserv FCF Margin 2021: 17.7%

Fiserv free cash flow margin in 2021 was 17.71%.

See more financial history for Fiserv (FISV).

Sector peers by FCF Margin

Technology peers of Fiserv (FISV), ranked by their latest free cash flow margin


NVIDIA (NVDA)	47.0%
Broadcom (AVGO)	43.4%
Apple (AAPL)	28.6%
TSMC (TSM)	26.6%
ASML (ASML)	25.5%
Microsoft (MSFT)	22.9%
AMD (AMD)	22.9%
Micron Technology (MU)	17.7%

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