Fiserv names Michael P. Lyons as new CEO

MILWAUKEE - Fiserv, Inc. (NYSE: FISV), a prominent provider of financial technology solutions with a market capitalization of $103 billion and annual revenue of $20.7 billion, has appointed Michael P. Lyons as its new Chief Executive Officer. According to InvestingPro data, the company maintains a strong financial health score and has demonstrated consistent profitability over the past year. Lyons stepped into the role following the departure of Frank Bisignano, who was confirmed as Commissioner of the Social Security Administration. In addition to his CEO duties, Lyons has also been inducted into the Fiserv Board of Directors.

Lyons expressed pride in leading Fiserv, emphasizing the company’s dedication to innovation and its role in providing advanced solutions to clients, while also focusing on shareholder value. InvestingPro analysis reveals that management has been actively buying back shares, demonstrating their commitment to returning value to shareholders. The company maintains a healthy gross profit margin of 61% and has achieved a revenue growth of 6.6% over the last twelve months. "I am proud to lead an organization that provides exceptional solutions to financial institutions, merchants, and communities of all sizes," Lyons stated.

Doyle R. Simons, who previously served as the Lead Independent Director, has been named the non-executive Chairman of the Board. Simons acknowledged Bisignano’s significant contributions to Fiserv’s success, stating, "On behalf of the Fiserv Board of Directors, I want to thank Frank for his outstanding leadership, vision, and drive over the past five years, positioning Fiserv as the preeminent fintech in our industry."

Fiserv, a Fortune 500 company valued at a P/E ratio of 32.6x, is recognized for its comprehensive suite of financial services, including account processing, digital banking solutions, card issuer processing, payments, e-commerce, and merchant acquiring and processing. For deeper insights into Fiserv’s valuation and growth prospects, InvestingPro subscribers can access detailed financial analysis and 8 additional exclusive ProTips in the comprehensive Pro Research Report. The company also offers Clover®, a sophisticated point-of-sale and business management platform. Fiserv is listed on the S&P 500® Index and has been named one of Fortune® World’s Most Admired Companies™.

This management transition is part of Fiserv’s ongoing commitment to growth and industry leadership. The information is based on a press release statement from Fiserv.

In other recent news, Fiserv Inc. reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an adjusted earnings per share (EPS) of $2.14 against the forecast of $2.09. The company also outperformed revenue projections, posting $5.13 billion compared to the anticipated $4.84 billion. Despite these positive financial results, Fiserv’s stock experienced a decline of 8.11% in pre-market trading, indicating investor concerns about future growth and market conditions. Mizuho maintained an Outperform rating on Fiserv but reduced the stock price target from $259 to $220, citing factors like a slowdown in Clover’s Gross Payment Volume growth and only slight margin improvement in the Merchant segment. The transition in leadership with the departure of CEO Frank Bisignano and the appointment of Michael Lyons as the new CEO was noted as a potential factor for investor apprehension. However, Mizuho remains optimistic about Fiserv’s new initiatives, including Value-Added Services and international expansion. Fiserv’s management projects organic revenue growth of 10-12% for 2025, with growth expected to be more pronounced in the second half of the year.

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