Pay Versus Performance Table
The table below presents named executive officer compensation and company performance information as required by applicable Securities and Exchange Commission rules.
| Year · SummaryCompensationTable Total forPEO(1)(Lyons) · CompensationActuallyPaidtoPEO(1)(2)(Lyons) · SummaryCompensationTableTotal forPEO(1)(Bisignano) · CompensationActuallyPaidto PEO(1)(2)(Bisignano) · AverageSummaryCompensationTable Totalfor Non-PEONEOs(3) · AverageCompensationActually Paid toNon-PEONEOs(2)(3) · Value of Initial Fixed $100 Investment Based on(4) · NetIncomeAttributableto Fiserv(MM) · AdjustedRevenue forIncentiveCompensation(MM)(5) |
|---|
| TotalShareholderReturn(“TSR”) · PeerGroupTSR |
|---|
| 2025 | $ 70,341,992 | $ 20,838,113 | $ 26,380,228 | $273,310 | $ 9,039,233 | $ (6,650,328) | $59 | $ 203 | $ 3,480 | $ 19,599 |
| 2024 | — | — | 23,774,483 | 70,732,230 | 6,100,529 | 16,739,889 | 180 | 177 | 3,131 | 19,123 |
| 2023 | — | — | 27,943,757 | 59,853,233 | 7,602,539 | 11,007,287 | 117 | 135 | 3,068 | 18,039 |
| 2022 | — | — | 17,822,560 | 21,329,135 | 5,038,732 | 5,802,524 | 89 | 121 | 2,530 | 16,732 |
| 2021 | — | — | 20,385,208 | 10,747,601 | 7,859,651 | 6,677,144 | 91 | 135 | 1,334 | 15,354 |
| (1) | Mr. Lyons served as PEO for approximately the last eight months of 2025 and Mr. Bisignano served as PEO for all of 2021, 2022, 2023, 2024 and for approximately the first four months 2025. |
| (2) | Amounts shown for compensation actually paid are computed in accordance with Item 402(v) of Regulation S-K and do not reflect the actual amount of compensation realized by the NEOs during the applicable year. Compensation actually paid reflects exclusions and inclusions from the Summary Compensation Table total as set forth in the tables below. |
| (3) | The non-PEO NEOs reflected in these columns represent the following individuals for each of the years shown. In 2021, 2022 and 2023, these individuals were Messrs. Chiarello, Hau and Rosman, and Suzan Kereere. In 2024, these individuals were Messrs. Chiarello, Gibbons, Hau and Rosman. In 2025, these individuals were Messrs. Chiarello, Georgakopoulos, Gibbons, Hau, Rosman and Todd, and Ms. Suryadevara. |
| (4) | Assumes $100 invested in our common shares on December 31, 2020. The peer group used by the company is the S&P 500 Financials Index (the “Peer Index”), which is an index used in the company’s performance graph reported in Part II, Item 5 of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. |
| (5) | We determined adjusted revenue for incentive compensation to be the most important financial measure used to link company performance to compensation actually paid for 2025. We selected adjusted revenue for incentive compensation because we believe that the long-term value of our enterprise depends on our ability to generate revenue excluding the impact of postage reimbursements and revenue attributable to acquisitions and divestitures not included in the current year plan. A discussion of how adjusted revenue for incentive compensation is calculated from GAAP revenue is provided in Appendix A to this proxy statement. |
72 | Fiserv, Inc. 2026 Proxy Statement
Calculation of Principal Executive Officer Compensation Actually Paid
| Mr. Lyons · Mr. Bisignano |
|---|
| 2025 · 2025 · 2024 · 2023 · 2022 · 2021 |
|---|
| Summary Compensation Table Total(1) | $70,341,992 | $26,380,228 | $23,774,483 | $27,943,757 | $17,822,560 | $20,385,208 |
| Deduct amount reported for stock and option awards in the Summary Compensation Table(2) | (55,881,279) | (25,600,157) | (22,016,635) | (23,252,867) | (16,210,972) | (16,120,519) |
| Add year-end fair value of awards granted during the fiscal year that are outstanding and unvested as of the end of the fiscal year(3) | 5,724,172 | | 35,755,964 | 36,387,241 | 20,127,968 | 18,853,852 |
| Change in fair value as of the vesting date (from the prior year end) for vested awards granted in any prior year(3) | | 1,273,737 | 3,122,660 | 2,997,666 | 1,203,552 | (1,182,658) |
| Change in fair value as of fiscal year end (from the prior year end) for unvested and outstanding awards granted in any prior year(3) | | 30,095,757 | 15,777,434 | (1,613,973) | (11,188,283) |
| Fair value as of prior year end of stock and option awards (from the prior year end) that failed to meet applicable vesting conditions during the fiscal year(3)(4) | | (22,360,994) | |
| Fair value as of the vesting date for awards granted and vested in the year(3) | 653,228 | 20,580,496 | |
| Compensation Actually Paid | $20,838,113 | $273,310 | $70,732,230 | $59,853,233 | $21,329,135 | $10,747,601 |
| (1) | Reflects the total compensation reported in the Summary Compensation Table for each year shown. |
| (2) | Reflects the grant date fair value of the awards granted in the respective years under the Incentive Plan. Information about the assumptions that we used to determine the fair value of equity awards is set forth in our Annual Report on Form 10-K in Note 15 to our Consolidated Financial Statements for the year ended December 31, 2025. |
| (3) | The valuation assumptions used to calculate the fair values did not differ materially from those disclosed at the time of grant. |
| (4) | Reflects the value at the end of the prior fiscal year of the portion of Mr. Bisignano’s awards that did not vest due to the proration of his outstanding awards as a result of his resignation as PEO. |
Fiserv, Inc. 2026 Proxy Statement | 73
Calculation of Average Non-Principal Executive Officer Compensation Actually Paid
| 2025 · 2024 · 2023 · 2022 · 2021 |
|---|
| Average Summary Compensation Table Total(1) | $9,039,233 | $6,100,529 | $7,602,539 | $5,038,732 | $7,859,651 |
| Deduct average amount reported for stock and option awards in the Summary Compensation Table(2) | (7,810,770) | (5,278,459) | (5,991,705) | (4,242,754) | (4,796,487) |
| Add year-end average fair value of awards granted during the fiscal year that are outstanding and unvested as of the end of the fiscal year(3) | 2,681,850 | 8,378,840 | 6,975,641 | 5,267,468 | 5,040,055 |
| Average change in fair value as of the vesting date (from the prior year end) for vested awards granted in any prior year(3) | 808,802 | 844,743 | 496,504 | (120,416) | (85,895) |
| Average change in fair value as of fiscal year end (from the prior year end) for unvested and outstanding awards granted in any prior year(3) | (11,369,443) | 6,694,236 | 3,005,043 | (140,508) | (1,340,180) |
| Fair value as of prior year end of stock and option awards (from the prior year end) that failed to meet applicable vesting conditions during the fiscal year(3) | | (1,080,735) | |
| Average Compensation Actually Paid | $(6,650,328) | $16,739,889 | $11,007,287 | $5,802,524 | $6,677,144 |
| (1) | Reflects the average of the total compensation reported in the Summary Compensation Table for the non-PEO NEOs in each year shown. |
| (2) | Reflects the grant date fair value of awards granted in the respective years under the Incentive Plan. All equity amounts in the table are the average of the non-PEO NEO totals. Information about the assumptions that we |
used to determine the fair value of equity awards is set forth in our Annual Report on Form 10-K in Note 15 to our Consolidated Financial Statements for the year ended December 31, 2025.
| (3) | The valuation assumptions used to calculate the fair values of awards did not differ materially from those disclosed at the time of grant. |
74 | Fiserv, Inc. 2026 Proxy Statement
Compensation and Performance
During the five years presented:
| • | Net income attributable to the company increased an average of 33% each year, growing from $1.3 billion in 2021 to over $3.4 billion in 2025, while PEO and other NEO compensation actually paid varied due primarily to executive officer succession, increased use of equity as a component of total compensation and changes in the value of our stock. |
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| • | Adjusted revenue for incentive compensation grew 28% over the five-year period and grew an average of 6% each year, while PEO and other NEO compensation actually paid varied due primarily to executive officer succession, increased use of equity as a component of total compensation and changes in the value of our stock. |
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| • | Cumulative total shareholder return for the company decreased by 41% compared to cumulative total shareholder return for the Peer Index which increased by 103%, while PEO and other NEO compensation actually paid varied due primarily to executive officer succession, increased use of equity as a component of total compensation and changes in the value of our stock. |
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Determining Compensation Actually Paid; Most Important Performance Measures
The most important metrics that we used to determine compensation actually paid for 2025 were:
| • | Adjusted Revenue for Incentive Compensation |
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| • | Adjusted Operating Income |
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| • | Adjusted Earnings Per Share |
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| • | Relative Total Shareholder Return |
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Fiserv, Inc. 2026 Proxy Statement | 75
