By Dean Seal

Shares of Fiserv are on track for their worst day on record, plummeting to a seven-year low after the company slashed its outlook and reported third-quarter earnings that fell well below Wall Street forecasts.

The stock dropped 47% to a low of $66.58 after the opening bell. Shares haven't traded that low since January 2018.

If the decline holds, it would be Fiserv stock's worst single-day decrease based on available data going back to 1986.

The payments and financial technology company said Wednesday that it now expects adjusted earnings per share of $8.50 to $8.60, instead of the $10.15 to $10.30 per-share projection it gave in July.

Chief Executive Mike Lyons said the "guidance reset" comes alongside the launch of an action plan, called One Fiserv, aimed at refocusing on its clients.

"Our current performance is not where we want it to be nor where our stakeholders expect it to be," Lyons said.

For the third quarter, Fiserv recorded a profit of $792 million, or $1.46 a share. That's up from $564 million, or 98 cents a share, a year earlier, but analysts had been forecasting $2.09 a share.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

October 29, 2025 10:11 ET (14:11 GMT)

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