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FIS

Fidelity National Information Services, Inc.

FIS

Fidelity National Information Services, Inc. • NYSE
$65.77 ▲ 0.60% (+0.39)
Market Cap $34.06 B
52w High $85.86
52w Low $59.51
Dividend Yield 1.56%
P/E 205.53
Volume 987.04K
Outstanding Shares 517.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.935B ▲ $789M ▲ $264M ▲ 8.995% ▲ $0.5 ▲ $942M ▲
Q2-2025 $2.616B ▲ $392M ▼ $-470M ▼ -17.966% ▼ $-0.9 ▼ $731M ▼
Q1-2025 $2.532B ▼ $532M ▲ $77M ▼ 3.041% ▼ $0.146 ▼ $766M ▼
Q4-2024 $2.599B ▲ $482M ▼ $281M ▲ 10.812% ▲ $0.52 ▲ $1.101B ▲
Q3-2024 $2.57B $487M $224M 8.716% $0.41 $883M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $571M ▼ $33.042B ▼ $19.18B ▼ $13.859B ▼
Q2-2025 $581M ▼ $33.373B ▲ $19.201B ▲ $14.168B ▼
Q1-2025 $805M ▼ $32.841B ▼ $17.773B ▼ $15.064B ▼
Q4-2024 $834M ▼ $33.784B ▼ $18.084B ▲ $15.698B ▼
Q3-2024 $1.323B $34.347B $17.776B $16.569B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $267M ▲ $1.052B ▲ $-617M ▼ $-436M ▼ $-10M ▲ $993M ▲
Q2-2025 $-470M ▼ $353M ▼ $-516M ▲ $-85M ▲ $-224M ▲ $314M ▼
Q1-2025 $77M ▼ $760M ▲ $-1.676B ▼ $-265M ▲ $-1.141B ▼ $723M ▲
Q4-2024 $304M ▲ $-9M ▼ $-704M ▼ $-609M ▲ $-579M ▼ $-27M ▼
Q3-2024 $246M $619M $-325M $-1.161B $-470M $583M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Banking Solutions
Banking Solutions
 $1.72Bn ▲$1.72Bn ▲$1.81Bn ▲$1.89Bn ▲
Capital Market Solutions
Capital Market Solutions
 $820.00M ▲$760.00M ▼$770.00M ▲$780.00M ▲

Five-Year Company Overview

Income Statement

Income Statement FIS’s revenue has been relatively stable in recent years after a step-down earlier in the decade, likely reflecting portfolio changes rather than a collapsing business. Underlying operating profitability looks reasonably solid and fairly consistent, suggesting the core franchises are still generating healthy earnings power. The headline net income picture is much noisier: very large losses in the middle of the period point to one‑off charges or write‑downs, not just weak day‑to‑day operations. The return to clear profitability in the most recent year is a positive sign, but investors should remember that earnings have been volatile and may still be influenced by restructuring, deal activity, and accounting adjustments.

Balance Sheet

Balance Sheet The balance sheet has slimmed down materially, with total assets and debt both shrinking as the company refocuses and de‑leverages. This reduction in debt is a clear plus for financial risk, but it comes alongside a sizeable drop in shareholders’ equity, likely driven by past impairments and capital returns. The result is a simpler, lighter balance sheet with less absolute leverage, but also a thinner capital cushion. Liquidity appears adequate rather than abundant, so while the company does not look strained, it is not sitting on excess cash either.

Cash Flow

Cash Flow Cash generation from the underlying business has been consistently strong over the years, even when reported earnings were under pressure. Free cash flow remains healthy and comfortably positive, although it has eased back from earlier peaks. Capital spending has been relatively modest, which helps support free cash flow but also means growth investments are more focused on software, cloud, and acquisitions rather than heavy physical assets. Overall, the cash profile suggests a business that can fund its operations, invest in its platforms, and still have room for debt reduction or shareholder returns, though with less headroom than in its best years.

Competitive Edge

Competitive Edge FIS holds a powerful position in financial technology, especially in core banking, payments, and capital markets infrastructure. Its key advantage is breadth and integration: many banks and financial institutions rely on FIS systems across multiple functions, making switching to another provider complex, risky, and time‑consuming. Long‑standing client relationships and deep domain expertise reinforce this stickiness. Global scale and the ability to process vast transaction volumes give FIS cost and reliability advantages that smaller rivals struggle to match. The main competitive challenges are fast‑moving specialist fintechs and large tech firms pushing into payments and banking services, which keep pricing and innovation pressure high.

Innovation and R&D

Innovation and R&D FIS is clearly leaning into modernization rather than defending legacy systems. It is rolling out cloud‑native core banking platforms, open‑banking APIs, and upgraded digital and mobile experiences for both retail and corporate clients. The company is also weaving AI into its offerings, using tools like Treasury GPT to automate support and improve decision‑making in treasury and cash management. Acquisitions and partnerships are a big part of its innovation engine: deals such as Dragonfly and collaborations like Episode Six extend FIS’s capabilities in real‑time payments, digital wallets, and configurable payment platforms. The strategic risk is execution—integrating acquisitions, migrating clients off older systems, and scaling new platforms without disrupting service or eroding margins.

Summary

Overall, FIS looks like a mature fintech infrastructure provider working through a multi‑year clean‑up and refocusing phase. The core operations appear sturdier than the past headline losses suggest, with decent operating margins and solid cash flow supporting a gradual reduction in debt. However, the slimmer equity base and past write‑downs highlight that strategy missteps and large deals have carried real costs. On the opportunity side, FIS is well positioned in essential banking and payments plumbing, with high client stickiness and a clear push into cloud, APIs, and AI‑enabled services. The key things to watch are the stability of underlying revenue, the durability of margins as competition heats up, and how effectively the company executes its modernization and integration efforts while continuing to strengthen the balance sheet.

NEWS

November 25, 2025 · 8:00 AM UTC

FIS Powers German Auto Bank's Digital Transformation, Accelerating Deposit Growth

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November 24, 2025 · 4:05 PM UTC

FIS to Present at Upcoming Conference

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November 20, 2025 · 8:00 AM UTC

FIS Wins IDC Customer Satisfaction Award for Treasury Management for Second Consecutive Year

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November 18, 2025 · 8:00 AM UTC

FIS Expands Auto Market Presence with Cloud-based Asset Finance Solution

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November 13, 2025 · 8:00 AM UTC

FIS Launches GETPAID and Treasury Risk Manager Integrity Edition on Microsoft Marketplace

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