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Fiserv10-Q: Major contract loss

Wells Fargo ends major merchant services joint venture with Fiserv

What happened

Wells Fargo's non-renewal of the WFMS joint venture forces Fiserv to restructure its merchant services strategy after the partnership expired in April 2025.

Source

SEC EDGARAug 7, 2026

Quarterly report (Form 10-Q)

Fiserv 10-Q

Filing excerpt

In 2024, Wells Fargo provided us with a notice of non-renewal for WFMS and upon the expiration of the joint venture in April 2025, we received a cash payment of $453 million, which was primarily used to pay down indebtedness and for share repurchases.

sec.gov/Archives/edgar/data/798354/000079835426000031/fisv-20260630.htmRead the full source

Other signals in this filing (5)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Major contract loss

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Aug 7, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$453M (Cash payment received upon expiration of the WFMS joint venture)

Details

CIK
798354
Accession number
0000798354-26-000031
Filing year
2026
Fiscal year
0
Why it matters
Urgency to improve
Signal category
Revenue

Topics and mentions

Competitors

  • Wells Fargo

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
majorContractLoss

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/39e20161-01b4-4f43-b07c-2640a4205035 returns this record as JSON. POST /v1/companies/enrich returns every signal for fiserv.com.

{
  "signal_id": "39e20161-01b4-4f43-b07c-2640a4205035",
  "signal_type": "sec-10q",
  "signal_subtype": "majorContractLoss",
  "detected_at": "2026-08-11T08:08:06.669+00:00",
  "company": {
    "name": "Fiserv",
    "domain": "fiserv.com"
  },
  "data": {
    "detail": "Wells Fargo's non-renewal of the WFMS joint venture forces Fiserv to restructure its merchant services strategy after the partnership expired in April 2025. This dissolution creates a significant opportunity for new banking partners or for vendors to help Fiserv replace the capabilities and market access previously provided by the JV.",
    "metrics": {
      "dollar_context": "Cash payment received upon expiration of the WFMS joint venture",
      "dollar_millions": 453
    },
    "summary": "Wells Fargo ends major merchant services joint venture with Fiserv",
    "excerpts": "In 2024, Wells Fargo provided us with a notice of non-renewal for WFMS and upon the expiration of the joint venture in April 2025, we received a cash payment of $453 million, which was primarily used to pay down indebtedness and for share repurchases.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/798354/000079835426000031/fisv-20260630.htm",
    "filing_date": "2026-08-07",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Urgency to improve",
    "signal_category": "revenue",
    "competitors_mentioned": [
      "Wells Fargo"
    ]
  }
}

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