10-KPeriod: FY2025

Fidelity National Information Services, Inc. Annual Report, Year Ended Dec 31, 2025

Filed February 24, 2026For Securities:FIS

Summary

Fidelity National Information Services (FIS) reported solid revenue growth in 2025, driven by its Banking and Capital Markets segments, with a 6% and 7% increase respectively. The company has successfully navigated significant strategic changes, including the sale of a majority stake in its Worldpay Merchant Solutions business and the acquisition of Global Payments' Issuer Solutions business, which closed in early January 2026. This acquisition was financed through approximately $7.7 billion in new debt and the sale of its remaining Worldpay stake. Despite increased debt levels resulting from this acquisition, FIS maintains a strong liquidity position and generated positive operating cash flow, indicating operational resilience. The company continues to invest in innovation, particularly in digital banking solutions and AI, to enhance its offerings and maintain a competitive edge in the evolving financial technology landscape. Management anticipates these strategic moves and ongoing investments will position FIS for sustained revenue and earnings growth.

Financial Statements
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Key Highlights

  • 1FIS reported a 6% revenue increase in its Banking segment and a 7% increase in its Capital Markets segment for fiscal year 2025, indicating broad-based growth across its core businesses.
  • 2The company completed the significant acquisition of Global Payments' Issuer Solutions business in early January 2026, funded by $7.7 billion in new debt and the sale of its remaining Worldpay stake.
  • 3FIS successfully managed its debt levels and maintained a strong liquidity position, with $4.7 billion in available liquidity as of December 31, 2025, and positive operating cash flows.
  • 4The company continues to prioritize technology development and innovation, with a focus on digital banking solutions like the Digital One platform and integrating Artificial Intelligence (AI) across its services.
  • 5FIS' long-term relationships with clients, often under multi-year recurring contracts, contribute to high client retention and provide a stable revenue stream.
  • 6The company repurchased approximately $1.3 billion of its common stock in 2025 and had $1.8 billion remaining under its repurchase program authorization as of year-end, demonstrating a commitment to shareholder returns.
  • 7The divestiture of the Worldpay Merchant Solutions business was completed in January 2024, with FIS retaining a 45% equity interest, which was subsequently sold as part of the January 2026 transaction.

Frequently Asked Questions

In January 2024, FIS completed the sale of a 55% equity interest in its Worldpay Merchant Solutions business. In early January 2026, FIS completed the acquisition of Global Payments' Issuer Solutions business and also sold its remaining equity interest in Worldpay to Global Payments. These transactions represent significant strategic shifts for the company.

The acquisition was financed by approximately $7.7 billion of new debt and the sale of FIS' remaining stake in Worldpay. This increased FIS' overall debt levels. However, the company reported strong operating cash flow and maintained a significant available liquidity position as of December 31, 2025, indicating continued financial stability.

FIS experienced solid revenue growth in 2025, with its Banking and Capital Markets segments showing strong performance. The company is investing in innovation, particularly in digital banking and AI, and leveraging its long-term client relationships to drive future revenue and earnings growth. Management expects these strategies to support sustained growth.

FIS faces significant risks including cybersecurity threats, data breaches, intense competition, potential regulatory changes, and the integration risks associated with strategic acquisitions. Economic downturns and changes in global financial markets also pose risks to client spending and transaction volumes.