Fiserv Inc. reported second-quarter revenue of $5.52 billion, an 8% increase from a year earlier, while adjusted earnings per share rose 16% to $2.47. GAAP EPS climbed 22% to $1.86. Growth was led by a 10% gain in the Merchant Solutions segment and 7% in Financial Solutions, delivering overall organic revenue growth of 8%. Despite the stronger-than-expected quarter, the payments technology company trimmed its 2025 organic revenue growth guidance to about 10%, citing slower customer implementations and weaker spending in Canada that are weighing on its Clover point-of-sale business. Fiserv now projects Clover payment volume to grow 9% this year, or 11% excluding a one-off impact. Management maintained its forecast for adjusted earnings of $10.15 to $10.30 a share in 2025—equating to 15%-17% growth—and said it still expects to deliver a 40th consecutive year of double-digit adjusted EPS expansion. Investors focused on the tempered revenue outlook, sending Fiserv’s stock down roughly 18% in pre-market trading on Wednesday.