Fiserv
Fiserv returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 7.14% | 8.19% | — | 10.75% | 3.45% | -0.6 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.2% | 9.35% | -82.04% | 12.29% | 3.98% | 0.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.95% | 10.46% | -12.19% | 13.17% | 4.42% | 1.2 pp |
| FY 2025 Q3 | Sep 30, 2025 | 9.53% | 10.94% | 14.97% | 13.64% | 4.53% | 1.8 pp |
| FY 2025 Q2 | Jun 30, 2025 | 10.1% | 11.12% | 72.93% | 12.66% | 3.86% | 2.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 9.79% | 10.63% | 93.99% | 11.88% | 3.75% | 2.1 pp |
| FY 2024 Q4 | Dec 31, 2024 | 9.72% | 10.46% | — | 11% | 3.73% | 2 pp |
| FY 2024 Q3 | Sep 30, 2024 | 9.2% | 9.95% | 348.2% | 10.69% | 3.74% | 1.5 pp |
| FY 2024 Q2 | Jun 30, 2024 | 8.51% | 9.64% | 472.47% | 11.87% | 4.04% | 0.8 pp |
| FY 2024 Q1 | Mar 31, 2024 | 8.12% | 9.13% | 244.09% | 11.01% | 3.83% | 0.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 7.74% | 8.74% | 266.9% | 10.11% | 3.51% | 0 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 8.3% | — | 9.95% | 3.73% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 7.07% | — | 8.21% | 3.24% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 6.63% | — | 7.9% | 3.19% | — |
| FY 2022 Q4 | Dec 31, 2022 | 5.83% | 6.48% | — | 8.19% | 3.16% | -1.9 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 5.38% | — | 6.72% | 2.75% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 4.94% | — | 6.45% | 2.65% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 4.56% | — | 5.38% | 2.26% | — |
| FY 2021 Q4 | Dec 31, 2021 | 3.41% | 3.91% | — | 4.22% | 1.77% | -4.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 3.87% | — | 4.11% | 1.76% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 3.66% | — | 3.59% | 1.49% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 2.84% | — | 2.73% | 1.18% | — |
| FY 2020 Q4 | Dec 31, 2020 | 2.84% | 3.07% | — | 2.93% | 1.26% | -4.9 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 3.02% | — | 2.81% | 1.2% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 4.22% | — | 4.92% | 1.73% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 5.33% | — | 6.19% | 2.52% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 4.53% | — | 5.06% | 2.01% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 4.49% | — | 5.28% | 2.1% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 11.81% | — | 35.62% | 6.44% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 16.83% | — | 36.87% | 9.06% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 19.92% | — | 47.25% | 11.02% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 20.83% | — | 57.75% | 13.82% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 21.29% | — | 55.41% | 14.59% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 21.66% | — | 52.72% | 14.32% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 18.83% | — | 47.27% | 12.44% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 18.03% | — | 37.2% | 9.23% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 18.45% | — | 35.64% | 9.34% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 18.48% | — | 34.77% | 9.23% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 18.34% | — | 35.76% | 9.75% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 17.42% | — | 33.25% | 9.5% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 16.8% | — | 31.39% | 9.5% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 16.86% | — | 27.89% | 8.71% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 16.71% | — | 23.91% | 7.62% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 16.22% | — | 22.24% | 7.48% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 15.62% | — | 21.91% | 7.64% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 15.79% | — | 22.94% | 8.12% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 15.09% | — | 21.92% | 8% | — |
| FY 2014 Q3 | Sep 30, 2014 | 10.46% | 14.63% | — | 22.94% | 8.4% | 2.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 10.52% | 14.18% | — | 20.58% | 7.58% | 2.8 pp |
| FY 2014 Q1 | Mar 31, 2014 | 10.27% | 13.66% | — | 20.14% | 7.34% | 2.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 10.11% | 13.63% | -3.04% | 18.51% | 7.2% | 2.4 pp |
| FY 2013 Q3 | Sep 30, 2013 | 10.17% | 13.47% | -1.13% | 18.04% | 6.77% | 2.5 pp |
| FY 2013 Q2 | Jun 30, 2013 | 9.9% | 13.47% | -2.98% | 17.45% | 6.57% | 2.2 pp |
| FY 2013 Q1 | Mar 31, 2013 | 10.03% | 13.24% | 1.42% | 17.76% | 6.6% | 2.3 pp |
| FY 2012 Q4 | Dec 31, 2012 | 11.04% | 14.51% | — | 18.31% | 7.17% | 3.3 pp |
| FY 2012 Q3 | Sep 30, 2012 | 10.83% | 14.15% | 559.14% | 17.94% | 6.8% | 3.1 pp |
| FY 2012 Q2 | Jun 30, 2012 | 11.08% | 14.2% | 21.06% | 17.76% | 6.7% | 3.4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 10.82% | 14.07% | 14.44% | 15.49% | 5.88% | 3.1 pp |
| FY 2011 Q4 | Dec 31, 2011 | 10.48% | 13.69% | 7.3% | 14.55% | 5.61% | 2.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | 10.03% | 13.17% | 4.88% | 13.95% | 5.22% | 2.3 pp |
| FY 2011 Q2 | Jun 30, 2011 | 10.17% | 13.58% | — | 14.5% | 5.43% | 2.5 pp |
| FY 2011 Q1 | Mar 31, 2011 | 10.13% | 13.53% | — | 15.57% | 5.88% | 2.4 pp |
| FY 2010 Q4 | Dec 31, 2010 | 10.14% | 13.79% | — | 15.86% | 5.95% | 2.4 pp |
| FY 2010 Q3 | Sep 30, 2010 | 9.86% | 13.27% | — | 16.22% | 5.62% | 2.2 pp |
| FY 2010 Q2 | Jun 30, 2010 | 9.72% | 13.24% | — | 16.15% | 5.54% | 2 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · FISV, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.