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Fidelity National Information Services, Inc.
S&P 500
$19.9B
Market Cap
91.0
P/E
0.85
PEG
5.3%
ROCE
2.6%
ROE
0.96
D/E
22.0%
OPM
-42.2%
% from 52W High
19
α RS
🔍 FIS is showing a sector-leadership setup because Sector RRG has Technology in the Leading quadrant with the trail still rolling over, it matches 2 of 39 tracked screener presets, and an ECS of 55.3 last quarter. The main caution: margin_expansion's Backtest win rate is only 45.4%. Net: Mixed signal stack, not a recommendation. ? RRG Conviction ECS Backtest
Sources
Technology in Leading quadrant · Conviction 2/39 · ECS 55.3 · Backtest win rate 45.4%
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🌏 Global Investor Returns
Currency-adjusted total returns for FIS including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide. The company operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. It provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. The company also offers trading and assets, lending, leveraged and syndicated loan markets, and treasury and risk solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding FIS
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 2.33M $109.2M 0.14% Mar 2026
Jim Simons Renaissance Technologies LLC 1.77M $83.0M 0.13% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Mixed ↓ Deteriorating 5 quarters Full tone analysis in Intelligence →
Mixed quarter Investor Presentation One-Pager? Q2 2026
Revenue
$3.4B
+5.3% YoY (Pro Forma)
Adjusted EBITDA
$1.409B
+7.4% YoY
Adjusted EBITDA Margin
41.7%
+113 bps YoY
Net Income
$231M
N/M (prior-year loss)
What Went Right
  • Free cash flow more than tripled to $525M, leading FIS to raise FY2026 FCF guidance by $100M to $2.15B-$2.25B.
  • Banking Solutions pro forma revenue grew 6.1% with 178 bps of adjusted EBITDA margin expansion to 45.8%.
  • TSYS momentum continued with two new top-10 bank wins (Latin America and India) and 72% of Total Issuing revenue contracted through 2029+.
What to Watch
  • Capital Markets revenue growth guidance cut to 3.0%-3.5% from 5.5%, with recurring growth now expected at mid-single digits.
  • Professional services revenue fell 17% in Capital Markets due to lower ACV sales and slower backlog conversion.
  • FIS announced a strategic review of select Capital Markets products, adding uncertainty around potential divestitures and stranded costs.
Management Guidance
  • Q3 2026 pro forma revenue growth: 2.9%-3.7%
  • Q3 2026 adjusted EPS growth: 4.6%-7.3%
  • Q3 2026 EBITDA margin expansion: 80-100 bps
  • FY2026 pro forma revenue growth: 4.5%-5.0% (prior: 5.1%-5.7%)
  • FY2026 Capital Markets revenue growth: 3.0%-3.5%
  • FY2026 adjusted EPS growth: 7%-8.5%
  • FY2026 free cash flow: $2.15B-$2.25B
Investor Lens
The core banking/TSYS thesis remains intact and free cash flow is accelerating faster than planned, but the Capital Markets downgrade is a clear execution miss. Banking recurring growth stayed steady and Total Issuing is winning large deals, while Capital Markets now faces a rebased trajectory and a portfolio review. For investors, the quarter strengthens the cash-flow story but raises questions on growth consistency, making the overall case more balanced than before.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Solid Q2 with FCF up 220% but Capital Markets guide cut.
Revenue
Consolidated revenue was $3.4B, up 5.3% on a pro forma basis, with recurring revenue up 5%. Banking Solutions grew 6.1%, while Capital Markets grew 3.2% at the low end of its outlook.
Profitability
GAAP net income was $231M versus a $(470M) loss in the prior year. Adjusted EPS rose 8.8% to $1.48, toward the high end of the company's guidance range.
Margins
Pro forma adjusted EBITDA margin expanded 113 bps to 41.7%, driven by mix and cost savings. Banking margin expanded 178 bps to 45.8%, while Capital Markets margin contracted 32 bps to 51.9% due to expense timing.
Balance Sheet
Free cash flow was $525M, up 220% from $164M, with operating cash flow of $493M. Debt outstanding was $21.2B, leverage fell to 3.5x, and FIS returned $270M to shareholders via dividends and buybacks.
Key Risks
Management flagged continued UBS/Credit Suisse attrition (~1 ppt headwind), weaker Capital Markets professional-services sales and conversion, and no organic growth rebound in lending. The announced strategic review of select Capital Markets products also introduces potential portfolio disruption.
Outlook
FIS cut full-year pro forma revenue growth to 4.5%-5.0%, led by the lower Capital Markets outlook, but raised free cash flow guidance to $2.15B-$2.25B. Q3 pro forma revenue growth is expected at 2.9%-3.7% with adjusted EPS growth of 4.6%-7.3%.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 saw robust revenue and margin growth, with banking and payments outperforming and free cash flow more than tripling year-over-year. Capital Markets underperformed due to execution issues, prompting a strategic review, while TSYS and AI initiatives drove strong commercial momentum.
Q1 2026 Q1 2026 2026-05-08
Pro forma revenue grew 6.5% with strong margin expansion and free cash flow more than doubling year-over-year. Commercial momentum was robust, highlighted by 24% recurring ACV growth and strategic AI and digital asset initiatives. Full-year guidance and long-term cash flow targets were reiterated.
Q4 2025 Q4 2025 2026-02-24
Strong 2025 results with revenue and EPS growth, robust free cash flow, and successful portfolio transformation set the stage for 2026. Guidance calls for double-digit EBITDA and free cash flow growth, margin expansion, and continued focus on AI and data-driven innovation.
Q3 2025 Q3 2025 2025-11-05
Q3 2025 results exceeded expectations with 6.3% revenue growth, 41.8% EBITDA margin, and 8% EPS increase. Raised full-year outlook for revenue, EBITDA, and cash conversion, citing strong banking and capital markets performance, robust cash flow, and continued AI-driven innovation.
Q2 2025 Q2 2025 2025-08-05
Q2 saw 5% revenue growth, margin improvement, and strong banking momentum, with raised full-year guidance and robust capital returns. Strategic acquisitions and innovation in digital and AI are driving growth, while segment performance and pricing remain strong.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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No Investment Recommendation:
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Information Sources:
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