FIS
Fidelity National Information Services, Inc.66.62
+0.01+0.02%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reinforces AI moat, FCF drivers
Q&A largely reaffirmed prepared remarks, with management confidently elaborating on AI as a strategic accelerant—fortifying fraud detection, onboarding, and productivity via proprietary data moats—rather than a core replacement risk. Issuer defensibility shone through scaled products, 30% renewals, global growth, and early data POCs with banks. Banking growth stems from commercial excellence in payments/digital/lending, but subsegment rates await Q1 details; debt deleveraging trumps buybacks. FCF path clarified: capex to 8.5%, vanishing integration costs propel $3B by 2028. AI favors incumbents. Watch banking organic sustainment.
Key Stats
Market Cap
34.80BP/E (TTM)
208.19Basic EPS (TTM)
0.32Dividend Yield
0.02%Recent Filings
8-K
FIS closes $6.8B notes
FIS closed its senior notes offerings on March 10, 2026, issuing $6.8B in USD notes—$2B 4.450% due 2028, $2.3B 4.550% due 2029, $500M floating due 2029, $2B 4.800% due 2031—plus €1B in Euro notes ($500M floating due 2028, $500M 3.450% due 2030). Notes issued under indents with Regions Bank and U.S. Bank. Deal locked in funding.
8-K
FIS prices $6.8B notes
FIS signed underwriting agreements on March 4-5, 2026, for $6.8B USD Notes—4.450% due 2028 ($2B), 4.550% due 2029 ($2.3B), floating due 2029 ($0.5B), 4.800% due 2031 ($2B)—plus €1B Euro Notes (floating due 2028, 3.450% due 2030). Closings expected March 10, subject to conditions. Locks in funding now.
8-K
FIS seals Issuer swap
FIS closed its Issuer Solutions acquisition from Global Payments and Worldpay sale on January 9, 2026, paying $7.7 billion cash atop a $13.5 billion enterprise value, while Worldpay fetched $24.25 billion. Pro forma combined revenue hit $13,186 million for FY 2025 with 41.2% Adjusted Combined EBITDA margin. Deal reshapes segments. Post-closing adjustments loom.
10-K
FY2025 results
FIS posted FY2025 revenue of $10.7B, up 5% y/y, with Banking Solutions growing 6% to $7.3B on broad recurring strength in core, digital, and payments, while Capital Markets rose 7% to $3.2B via new sales implementations and licenses. Q4 accelerated the momentum, delivering $2.8B revenue—highest quarterly total—fueled by sequential upticks in transaction volumes and high-margin software. Operating income held steady at $1.7B despite software amortization pressures compressing gross margins to 37%; net earnings from continuing ops fell to $385M on $526M Worldpay equity losses. Debt stands at $13.1B post-Issuer acquisition funding, yet $4.7B liquidity endures; $1.3B buybacks paused for deleveraging. Cybersecurity breaches could disrupt Q4 processing flows.
8-K
FIS 2025 results, bold 2026 guide
FIS reported 2025 revenue up 5% to $10.7B and adjusted EPS up 10% to $5.75, with strong cash flow of $2.6B from operations. Closed Total Issuing Solutions acquisition and Worldpay stake sale on January 9, 2026, boosting data capabilities. Guides 2026 adjusted revenue growth of 30-31%, pro forma 5.1-5.7%. Pausing buybacks to deleverage.
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