Fidelity National Information Services, Inc. Earnings Recaps
Q2 2026
Aug 6, 2026
Shares declined 4.3% as investors were disappointed by cautious outlook commentary and continued softness in Capital Markets, which grew at the low end of expectations despite strength in Banking.
Key takeaways
- Revenue of $3.4 billion grew 5.3% on a pro forma basis, driven by a 6.1% increase in Banking and Payments at the high end of guidance.
- Capital Markets segment grew 3.2%, coming in at the low end of the company’s outlook and prompting management’s acknowledgment of ongoing underperformance.
- Adjusted EBITDA margins expanded by 113 basis points with 7.4% EBITDA growth, though margin improvement was overshadowed by segment disparities.
- Free cash flow more than tripled year-over-year, leading to a $100 million increase in the full-year free cash flow outlook.
- The Total Issuing Solutions acquisition is delivering on client wins and revenue growth, with 72% of that portfolio now contracted through 2029 and joint enterprise ACV growing 35% year-over-year.
Q3 2025
Nov 5, 2025
Fidelity National Information Services (FIS) demonstrated robust performance in Q3 2025, with adjusted revenue growth of 6.3% and adjusted EPS rising 8% year-over-year, driven by successful strategic initiatives and a strong market outlook.
Key takeaways
- Achieved adjusted EBITDA margins of 41.8%, reflecting improved segment profitability in Banking and Capital Markets.
- Increased share repurchase target to $1.3 billion for the year, with $509 million returned to shareholders in Q3.
- Recurring revenue growth of 6.4% indicates strong adoption of commercial excellence initiatives, supported by robust bank technology spending.
- AI integration is accelerating, with over 75% of banks actively piloting AI solutions, presenting FIS with significant growth opportunities.
- Expectations of continued industry consolidation will bolster FIS’s position as a preferred partner for scalable financial services technology.