Fidelity National Information Services, Inc. reported its financial results for the second quarter of 2025, showing a 5% increase in revenue to approximately $2.6 billion compared to the same period last year. The company recorded a GAAP net loss of $470 million, or $(0.90) per diluted share, largely due to a non-cash expense related to deferred tax liabilities from the sale of its Worldpay interest. However, adjusted earnings per share (EPS) rose by 1% to $1.36, with adjusted EBITDA also increasing by 5% to around $1.0 billion. The company has repurchased $246 million in shares during the quarter and aims to repurchase $1.2 billion in total for 2025.
FIS has raised its full-year 2025 outlook for revenue growth to between 4.8% and 5.3%, and adjusted EPS growth to between 10% and 11%. The company is currently pursuing strategic transactions, including the acquisition of Global Payments' Issuer Solutions business for $13.5 billion and the sale of its remaining equity interest in Worldpay for approximately $6.6 billion. These transactions are expected to close in the first half of 2026, pending regulatory approvals. As of June 30, 2025, FIS's total debt stood at $12.9 billion, with net cash from operating activities at $382 million.
linkAug 05, 2025 07:02:25
Fidelity National Information Services, Inc. has entered into a transaction agreement to purchase the Issuer Solutions business from Global Payments Inc. This agreement also involves selling all of FIS's equity interests in Worldpay Holdco, LLC to Global Payments as part of the transaction.
The completion of these transactions is contingent upon the expiration of the HSR Waiting Period, which ended on July 18, 2025. However, the closing is still subject to obtaining necessary regulatory approvals and meeting customary closing conditions.
linkJul 21, 2025 16:01:16
Fidelity National Information Services, Inc. has filed a report that includes financial statements and exhibits. The filing indicates that certain schedules and similar attachments have been omitted in accordance with regulatory guidelines, but these documents can be provided to the Securities and Exchange Commission upon request.
The report has been signed by authorized representatives of the company, James Kehoe and Alexandra Brooks, in compliance with the Securities Exchange Act of 1934.
linkMay 06, 2025 16:23:49
FIS announced its financial results for the first quarter of 2025, reporting a GAAP diluted earnings per share of $0.15 and an adjusted EPS of $1.21, which reflects an 11% increase from the previous year. Revenue for the quarter rose to $2.5 billion, marking a 3% increase on a GAAP basis and a 4% increase on an adjusted basis. The company has also repurchased $450 million in shares during the quarter and reiterated its goal to repurchase $1.2 billion in shares throughout 2025.
Additionally, FIS disclosed the sale of its remaining stake in Worldpay and the acquisition of Global Payments' Issuer Solutions business, with both transactions expected to close in the first half of 2026, pending regulatory approvals. The company continues to target revenue growth of 4.6% to 5.2% and adjusted EPS growth of 9% to 11% for the full year. As of March 31, 2025, FIS reported total debt of $12 billion and generated adjusted free cash flow of $368 million in the first quarter.
linkMay 06, 2025 07:02:50
FIS has announced a definitive agreement to acquire Global Payments' Issuer Solutions business for $13.5 billion, which is expected to enhance its position as a leading fintech company. The acquisition is projected to deliver significant revenue and cost synergies, including over $125 million in annual revenue synergies and more than $150 million in net EBITDA synergies within three years. Additionally, the acquisition is anticipated to improve FIS' Adjusted EBITDA margins, EPS, and Free Cash Flow in the first year after closing, contributing to a stronger financial profile.
Simultaneously, FIS will sell its stake in Worldpay to Global Payments for $6.6 billion, facilitating the transition from a non-cash generating minority stake to a growing stream of recurring revenues. The company plans to finance the Issuer Solutions acquisition through a combination of new debt and proceeds from the Worldpay sale. Following these transactions, FIS aims to maintain its capital allocation priorities, including a focus on share repurchases and M&A activities, once it achieves its target gross leverage ratio.
linkApr 17, 2025 08:34:42
FIS reported a full-year 2024 revenue of $10.1 billion, marking a 3% increase compared to the previous year, alongside a notable 67% rise in GAAP diluted earnings per share (EPS) to $1.42. The company also achieved significant adjusted EPS growth of 56%, reaching $5.22. Additionally, FIS repurchased $4.0 billion in shares during 2024 and plans to continue this trend with a $1.2 billion buyback goal for 2025, reflecting its commitment to shareholder returns. The adjusted EBITDA margin expanded, indicating improved operational efficiency.
On the downside, the Banking Solutions segment faced challenges, with a 3% decline in revenue attributed to the cancellation of a planned merger, which reversed a previously recognized termination fee. Corporate and Other revenue also saw a significant 20% decrease year-over-year. Despite these setbacks, the company remains focused on its Future Forward strategy and aims for accelerated revenue growth in 2025.
linkFeb 11, 2025 07:02:14
FIS reported a third quarter 2024 revenue of $2.6 billion, marking a 3% increase from the previous year. The company achieved a GAAP diluted EPS of $0.45, which is a 7% rise year-over-year. Adjusted EPS saw a significant increase of 49%, reaching $1.40. Additionally, FIS repurchased $500 million in shares during the quarter and raised its full-year outlook for revenue and adjusted EBITDA. The Banking Solutions and Capital Market Solutions segments both showed revenue growth, contributing positively to the overall performance.
On the downside, while overall revenue increased, the Corporate and Other segment experienced a notable decline, with a 27% drop in revenue compared to the prior year. Adjusted EBITDA margin also contracted by 140 basis points, reflecting challenges in managing corporate expenses. The company carries a substantial debt of $10.9 billion, which could pose risks in future financial flexibility. Despite these challenges, FIS remains committed to returning capital to shareholders through share repurchases and dividends.
linkNov 04, 2024 07:03:13
FIS has appointed Nicole Anasenes to its Board of Directors, expanding the board from eight to nine members. Anasenes brings extensive experience in finance and operations, having held leadership roles at various well-known companies. Her expertise is expected to contribute positively to FIS's strategic growth goals, as noted by both the Chairman and CEO of the company.
With a strong background as a CFO and COO, Anasenes has a proven history of driving growth in technology sectors. Her previous positions at companies like Motorola Solutions and IBM highlight her capability in managing large enterprises. This addition to the board is seen as a significant step for FIS as it aims to enhance its financial technology services and overall market presence.
linkOct 15, 2024 16:19:21
Fidelity National Information Services, Inc. has reported the creation of a new financial obligation, which may impact its financial standing. This development suggests a commitment to further investment or operational activities, potentially indicating growth opportunities for the company.
The report also includes formalities required by the Securities Exchange Act, ensuring compliance and transparency. However, the nature of the obligation remains unspecified, leaving some uncertainty about its implications for the company's financial health.
linkOct 03, 2024 16:15:56
FIS achieved a strong second quarter with earnings per share rising to $1.36, a 79% increase. Revenue grew by 3%, totaling $2.5 billion, and the company expanded its profit margin. FIS also announced a new $3 billion share repurchase plan, reinforcing its commitment to shareholder returns. However, revenue from corporate operations dropped by 33%. Overall, FIS raised its full-year revenue and earnings forecasts, indicating positive business momentum.
linkAug 06, 2024 07:03:08