Summary
Fidelity National Information Services, Inc. (FIS) reported a strong year for 2021, with total consolidated revenue reaching $13.88 billion, an increase of 11% year-over-year. This growth was driven by a robust performance across all segments, particularly Merchant Solutions which saw a 19% revenue increase, benefiting from the global economic recovery post-COVID-19 and increased payment volumes. Banking Solutions and Capital Markets Solutions also demonstrated solid growth, up 8% each, driven by recurring revenue and new sales. Despite increased operating expenses, including higher compensation and asset impairments related to platform modernization, FIS reported an operating income of $1.06 billion, a significant increase from $552 million in 2020. The company is making strategic investments in technology modernization and innovation to enhance its offerings and maintain its competitive edge. With a strong liquidity position and ongoing commitment to debt reduction, FIS is focused on delivering long-term shareholder value through a combination of organic growth and strategic capital allocation, including a planned increase in its annual dividend.
Financial Highlights
56 data points| Revenue | $9.34B |
| Cost of Revenue | $5.99B |
| Gross Profit | $3.35B |
| SG&A Expenses | $2.12B |
| Operating Income | $1.04B |
| Interest Expense | $214.00M |
| Net Income | $417.00M |
| EPS (Basic) | $0.68 |
| EPS (Diluted) | $0.67 |
| Shares Outstanding (Basic) | 616.00M |
| Shares Outstanding (Diluted) | 621.00M |
Key Highlights
- 1Total consolidated revenue increased by 11% to $13.88 billion in 2021, driven by strong performance across all business segments.
- 2Merchant Solutions revenue grew by 19% year-over-year, benefiting from increased payment volumes and the global economic recovery.
- 3Banking Solutions and Capital Market Solutions each saw an 8% increase in revenue, supported by recurring revenue streams and new client acquisition.
- 4Operating income more than doubled to $1.06 billion in 2021, indicating improved profitability and operational efficiency.
- 5The company invested $1.25 billion in capital expenditures, primarily in software development and platform modernization, signaling a focus on future growth and innovation.
- 6FIS plans to increase its annual dividend by approximately 20% per year over the next several years, demonstrating confidence in future earnings and commitment to shareholder returns.
- 7The company ended 2021 with $3.38 billion in available liquidity, including $2.01 billion in cash and cash equivalents, ensuring strong financial flexibility.