Fiserv, Inc. — Earnings Quality Grade F
FISV
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 69 days, change +2 days YoY
AR growth 6.9% vs revenue growth 3.6%
Revenue 3.6%, CFFO -8.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 12.4% vs revenue 3.6%. Normal
SG&A/Gross Profit = 54.7%. Normal
Gross margin 59.4%, change -1.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.74. Profits backed by cash
FCF $4.3B, FCF/NI = 1.24
Accruals ratio = -3.2%. Low accruals
Cash $0.8B covers only 3% of debt $29.1B
Balance Sheet Health
Goodwill+Intangibles $47.9B = 186% of equity. Over 50%
Debt/EBITDA = 3.3x. Healthy
Other assets 6.4% vs revenue 3.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09