Fidelity National Information Services, Inc.FIS

Fidelity National Information Services, Inc. Financial Overview 2021–2025

Updated Aug 8, 2026

A staggering $17.6 billion goodwill impairment charge in FY2022 forced Fidelity National Information Services (FIS) to radically reshape its business. This massive write-down catalyzed a successful corporate pivot, transforming FIS from a sprawling payments conglomerate into a leaner software provider strictly focused on its banking and capital markets platforms.

The structural overhaul fortified the balance sheet, as available liquidity grew from $3.38 billion in FY2021 to $4.7 billion by the close of FY2025. Divesting the Worldpay merchant unit generated essential cash to streamline operations, allowing FIS to repurchase $4.0 billion in shares during FY2024 and drive an 18% increase in operating income to $1.71 billion that same year. Stripped of the merchant drag, FIS saw broad-based expansion in FY2025, with the Banking and Capital Markets segments growing revenue by 6% and 7%, respectively. The company then utilized its liquidity to acquire Global Payments' Issuer Solutions business, deploying $7.7 billion in new debt to close the transaction and immediately driving a 30% revenue surge in Q1 2026.

Despite the near-term disruption of spinning off a core segment and taking on acquisition debt, the market rewarded this strategic clarity. At the close of FY2025, the stock traded at $66.46 with a price-to-earnings ratio of 91.0x on earnings of $0.73 per share, reflecting confidence in the company's multi-year recurring contracts and renewed focus on high-growth segments.

Recent Developments (Q1 and Q2 2026)

FIS sustained aggressive top-line momentum, with Q2 2026 revenue climbing 29% year-over-year to $3,377 million. This pushed H1 2026 revenue to $6,671 million, powered heavily by a 44% jump in the Banking Solutions segment. Executing its financing strategy, FIS issued $7.3 billion in USD notes and €1 billion in Euro notes in March 2026. The company also recognized a $2.2 billion pre-tax gain in Q1 2026 from selling its remaining Worldpay equity. Concurrently, FIS is navigating executive transitions, including the departures of its Chief Product Technology and Chief Legal Officers.

Bulls highlight the robust 24% year-over-year operating income growth to $507 million in Q2 2026. Conversely, bears point to a gross profit margin dip to 35% alongside doubled interest expenses of $200 million, prompting the market to cautiously value the stock at $42.27, representing a 57.9x earnings multiple as of the August 4, 2026 filing date.

What to watch: post-acquisition deleveraging progress; gross profit margin stabilization in late 2026.

Rev

$10.68B

+5.4% YoY

FY2025

NI

$382.0M

-73.7% YoY

FY2025

EPS

$0.73

-72.1% YoY

FY2025

OCF

$2.61B

+19.9% YoY

FY2025

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All FIS Financial Metrics(60)

Recent SEC Filings

Fidelity National Information Services, Inc. 8-K Report, Financial Results (Aug 4, 2026)

Fidelity National Information Services, Inc. (FIS) filed an 8-K on August 4, 2026, to report its financial results for the second quarter and the first half of 2026. This filing primarily serves to furnish a press release containing these results and forward-looking guidance. Investors should note that the information provided is furnished and not considered 'filed' for regulatory purposes under Section 18 of the Exchange Act, nor will it be incorporated into future registration statements without specific referencing. The press release, incorporated by reference, contains the company's performance metrics for the three and six months ended June 30, 2026, as well as its financial outlook for the third quarter of 2026 and the full fiscal year 2026. While the specific financial figures are not detailed within the 8-K text itself, the furnished press release is the primary source for understanding FIS's operational and financial standing and its future expectations. Investors are encouraged to review the attached Exhibit 99.1 for the detailed financial data and management commentary.

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Jun 18, 2026)

Fidelity National Information Services, Inc. (FIS) has announced a significant executive transition. Caroline Tsai will be stepping down from her role as Chief Legal & Corporate Affairs Officer and Corporate Secretary, effective July 1, 2026. Ms. Tsai, who joined in 2022, played a key role in major strategic initiatives such as the divestiture of Worldpay and the acquisition of TSYS. She will remain with the company in a senior advisor capacity until September 1, 2026, to ensure a smooth handover of her duties. Her separation will be accompanied by severance and benefits as per her employment agreement.

Fidelity National Information Services, Inc. 8-K Report, Shareholder Vote Results (Jun 12, 2026)

Fidelity National Information Services, Inc. (FIS) has filed an 8-K report detailing the results of its 2026 Annual Meeting of Shareholders, held on June 10, 2026. The report indicates strong shareholder support for the company's governance and operational decisions. Notably, all nominated directors were elected to serve until the 2027 Annual Meeting, demonstrating confidence in the current board's leadership and strategic direction. Shareholders also provided advisory approval for the compensation of the company's named executive officers. Furthermore, the appointment of KPMG LLP as the independent registered public accounting firm for 2026 was ratified. These outcomes suggest that FIS is maintaining a stable operational and governance framework, which is generally viewed positively by investors.

Fidelity National Information Services, Inc. 8-K Report, Financial Results (May 8, 2026)

Fidelity National Information Services, Inc. (FIS) has filed an 8-K report on May 8, 2026, to announce its financial results for the first quarter ended March 31, 2026. The report primarily references a press release (Exhibit 99.1) that contains the detailed financial performance and forward-looking guidance for the upcoming periods. Investors should note that the information furnished in this 8-K is for informational purposes and is not considered "filed" under Section 18 of the Exchange Act, nor will it be automatically incorporated into future SEC filings unless explicitly stated. This means the company is providing this data proactively without assuming the same level of liability as a formally filed document. The key takeaway for investors is the release of Q1 2026 earnings and the company's outlook for Q2 2026 and the full fiscal year 2026. While the 8-K itself does not contain the specific financial figures, the accompanying press release is the essential document to review for details on revenue, profitability, segment performance, and management's projections. Investors will want to examine this press release to assess the company's performance against expectations and its strategic direction moving forward.

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Apr 3, 2026)

Fidelity National Information Services, Inc. (FIS) announced that Director Mark Benjamin will not seek re-election at the upcoming 2026 annual shareholder meeting. This decision is amicable and not driven by any disagreements concerning the Company's operations, policies, or practices. Mr. Benjamin has served on the Board and his departure marks the end of his tenure, with the Company expressing gratitude for his contributions. In conjunction with Mr. Benjamin's departure, the Board of Directors has resolved to reduce its size from ten to nine members, effective after the 2026 Shareholder Meeting. This change in board composition is a direct consequence of Mr. Benjamin's decision not to stand for re-election and suggests a potential streamlining of the Board's structure going forward.

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