Fiserv Looks Like A Value Trap After Q1

Fiserv, Inc. continues to deteriorate, with Q1 2026 revenue down 2% and organic revenue down 4% year-over-year. FISV margins are sharply contracting: Merchant Solutions fell from ~34% to 26%, and Financial Solutions from 47.5% to 38%. Despite FISV's reaffirmed guidance (organic growth 1%-3%, EPS $8-$8.3), I see no credible turnaround plan or offensive strategy.