Fidelity National Information Services, Inc.
- Open
- 42.33
- Day high
- 42.83
- Day low
- 41.93
- Prev close
- 41.87
- Volume
- 456K
- Mkt cap
- $21.7B
- P/E (TTM)
- 6.4
- EPS (TTM)
- $6.53
- P/B
- 1.4
- P/S
- 1.7
- Yield
- 3.99%
- Per share
- $1.68
- ▲Insiders net buying $57K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
Fidelity National Information Services, Inc. (FIS) is a Technology company listed on NYSE. The stock is down 38% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4). Drillr has 1 published research article covering FIS.
Fidelity National Information Services, Inc. (FIS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FIS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $1.47 | $1.48 | +0.7% | $3.4B | -0.2% |
| May 8, 2026 | $1.28 | $1.36 | +6.3% | $3.3B | +0.5% |
| Feb 24, 2026 | $1.69 | $1.68 | -0.6% | $2.8B | +2.5% |
| Nov 5, 2025 | $1.48 | $1.51 | +2.0% | $2.9B | +10.2% |
| Aug 2, 2023 | $1.48 | $1.55 | +4.4% | $2.4B | -33.9% |
| Apr 27, 2023 | $1.21 | $1.29 | +7.0% | $2.4B | -34.7% |
| Feb 13, 2023 | $1.71 | $1.71 | +0.1% | $2.5B | -31.5% |
| Nov 3, 2022 | $1.75 | $1.74 | -0.9% | $2.4B | -33.2% |
| Aug 4, 2022 | $1.71 | $1.73 | +1.5% | $3.7B | +1.1% |
| May 3, 2022 | $1.46 | $1.47 | +0.5% | $3.5B | +1.4% |
| Feb 15, 2022 | $1.89 | $1.92 | +1.6% | $3.7B | -0.9% |
| Nov 4, 2021 | $1.68 | $1.73 | +3.1% | $3.5B | -0.4% |
FIS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Keller Charles H.officer: Chief Legal Officer | Grant | 1,367 | — |
| Aug 6, 2026 | Keller Charles H.officer: Chief Legal Officer | Grant | 7,106 | — |
| Aug 6, 2026 | Duet Donald Josephofficer: Chief Technology Officer | Grant | 9,478 | — |
| Jul 16, 2026 | Goldstein Jeffrey Adirector | Buy | 1,386 | $41.39 |
| Jun 17, 2026 | Gibson Kourtneydirector | Grant | 5,485 | — |
| Jun 17, 2026 | Lauer Gary Ldirector | Grant | 5,485 | — |
| Jun 17, 2026 | Goldstein Jeffrey Adirector | Grant | 8,036 | — |
| Jun 17, 2026 | Chakravarthy Anildirector | Grant | 5,485 | — |
| Jun 17, 2026 | Hook Lisadirector | Grant | 5,485 | — |
| Jun 17, 2026 | ANASENES NICOLEdirector | Grant | 5,485 | — |
| Jun 17, 2026 | Stallings James B JRdirector | Grant | 5,485 | — |
| Jun 17, 2026 | LAMNECK KENNETH Tdirector | Grant | 5,485 | — |
| Apr 17, 2026 | Goldstein Jeffrey Adirector | Buy | 1,197 | $47.39 |
| Mar 30, 2026 | Toohey Robertofficer: EVP, Chief People Officer | Tax | 1,828 | $51.05 |
| Mar 30, 2026 | Ferris Stephanieofficer: CEO and President | Tax | 12,265 | $51.05 |
Source: FIS SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full FIS insider & 13F page →Fidelity National Information Services, Inc. company profile
Overview
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading financial technology company founded in 1968 and headquartered in Jacksonville, Florida. The company went public in 2001 and has evolved through decades of growth and strategic acquisitions to become a major provider of technology solutions serving the global financial services industry. FIS underwent a significant strategic transformation in recent years, spinning off its merchant payments business Worldpay in 2023 to focus on its core banking and capital markets technology solutions. Today, the company operates as a streamlined fintech provider serving banks, credit unions, and capital markets firms worldwide with mission-critical software and services.
Business
FIS operates in the financial technology (fintech) sector, providing essential technology infrastructure and software solutions that enable financial institutions to operate their core business functions. The company serves as the technological backbone for banks and financial firms, offering systems that handle everything from basic account management to complex trading operations. The company operates through two primary business segments following the Worldpay spin-off: Banking Solutions (approximately 70-75% of revenue): This segment provides core banking technology that serves as the central nervous system for financial institutions. Core banking systems manage customer accounts, process transactions, handle deposits and loans, and maintain regulatory compliance. FIS offers both traditional on-premise solutions and modern cloud-native platforms. The segment also includes digital banking solutions (mobile and online banking platforms), fraud prevention and risk management systems, electronic funds transfer networks, card processing services, and wealth management technology. These are subscription-based software services that banks license and customize for their operations. Capital Markets Solutions (approximately 25-30% of revenue): This segment serves investment banks, asset managers, hedge funds, and other capital markets participants. It provides securities processing systems that handle trade settlement and clearing, portfolio management software, regulatory reporting tools, and corporate treasury solutions. These systems process millions of transactions daily and must meet strict regulatory requirements while providing real-time data and analytics. The financial technology industry exists because banks and financial institutions require sophisticated, secure, and regulatory-compliant technology systems but typically lack the resources or expertise to build and maintain these systems in-house. FIS essentially provides the technological infrastructure that allows financial institutions to focus on their core business of serving customers rather than managing complex IT systems.
Revenue model
FIS operates primarily on a software-as-a-service (SaaS) subscription model, generating approximately 81% of its revenue from recurring sources. The company charges financial institutions ongoing licensing fees for access to its software platforms, with pricing typically based on factors such as transaction volumes, number of accounts processed, or assets under management. The company's customers are primarily banks, credit unions, investment firms, and other financial institutions that pay for these technology services as essential business infrastructure. Revenue streams include monthly or annual software licensing fees, transaction-based processing fees, implementation and professional services fees, and ongoing support and maintenance contracts. Several factors influence FIS's profitability margins. Positive margin drivers include the company's focus on recurring revenue which provides predictable cash flows, economies of scale as larger clients generate higher margins, cross-selling opportunities where existing clients purchase additional services, and operational leverage from its "Future Forward" cost optimization program targeting $1.25 billion in savings. The company benefits from high switching costs, as financial institutions rarely change core banking systems due to complexity and risk. Margin pressure factors include intense competition from both established players like Fiserv and newer cloud-native fintech companies, regulatory compliance costs that require ongoing system updates, cybersecurity investments that are essential but non-revenue generating, and client consolidation in the banking industry that can reduce the customer base. Additionally, the company faces pressure to continuously invest in modernizing legacy systems and developing new capabilities like artificial intelligence and real-time payments, which requires significant upfront investment before generating returns.
Competitive moat
FIS possesses a moderate to strong competitive moat built primarily on high customer switching costs and mission-critical service provision. Financial institutions rarely change their core banking or capital markets technology systems due to the enormous complexity, risk, and cost involved in such transitions. These systems handle millions of transactions and store decades of customer data, making migration extremely disruptive to daily operations. The company's moat is reinforced by its deep integration into clients' operations, regulatory expertise that takes years to develop, and the scale advantages that come from processing billions of transactions across thousands of institutions. FIS also benefits from network effects, where the value of its platforms increases as more institutions use them, particularly in areas like electronic funds transfer networks. However, the moat faces several challenges. Competitive threats emerge from cloud-native fintech companies like Temenos, Mambu, and Thought Machine that offer more modern, flexible architectures without the legacy system constraints. These newer players can often implement faster and at lower cost. Additionally, large technology companies like Microsoft, Amazon, and Google are increasingly offering financial services infrastructure, leveraging their cloud platforms and potentially superior resources. The regulatory environment also creates both protection and vulnerability - while compliance requirements favor established players with proven track records, regulatory changes can also create opportunities for new entrants with more agile technology stacks. Furthermore, as banking becomes more digital-first, some financial institutions are building more technology capabilities in-house or partnering directly with specialized fintech providers, potentially reducing reliance on comprehensive platforms like those offered by FIS.
Risks & safety
FIS demonstrates a moderate margin of safety with solid financial fundamentals but some areas of concern: • Liquidity and Solvency: The company maintains $805 million in cash and short-term investments as of Q1 2025, though current liabilities exceed current assets with a current ratio of 0.63. Debt-to-equity ratio of 0.80 is manageable but elevated. Strong operating cash flow of $2.2 billion annually provides adequate coverage. • Cash Generation: Free cash flow of $1.4 billion in 2024 demonstrates strong cash generation capability. The company returned $4.8 billion to shareholders in 2024 through dividends and share repurchases, indicating confidence in cash flow sustainability. • Valuation Metrics: Trading at EV/EBITDA of 16.6x and P/E ratio of 30.8x, which appears reasonable for a stable recurring revenue business but not particularly cheap. Price-to-book ratio of 2.85x reflects the asset-light nature of the software business. • Other Considerations: The pending $12 billion acquisition of Issuer Solutions will increase leverage but is expected to be funded through the $6.6 billion Worldpay stake sale and debt. Strong recurring revenue base (81% of total) provides earnings stability and predictability.
Recent development
FIS has undergone significant strategic transformation over the past few years, fundamentally reshaping its business focus and structure. The most significant development was the spin-off of Worldpay, its merchant payments business, to GTCR in 2023, while retaining a 45% equity stake. This strategic move allowed FIS to focus on its core banking and capital markets technology solutions while maintaining exposure to the payments growth story. In early 2025, FIS announced a major strategic transaction: the $12 billion acquisition of Issuer Solutions business while simultaneously selling its remaining 45% stake in Worldpay to Global Payments for $6.6 billion. These transactions, expected to close in the first half of 2026, will significantly strengthen FIS's position in banking solutions by adding durable recurring revenue and enhancing cross-selling opportunities. The company has implemented its "Future Forward" cost optimization program, targeting $1.25 billion in net savings by 2024. This initiative focuses on vendor spend optimization, reducing duplicate activities, and operational efficiency improvements. The program has contributed to margin expansion of 64 basis points in 2024. FIS has also emphasized commercial excellence and specialized sales approaches, particularly in high-growth verticals like digital banking, payments, commercial lending, and "office of the CFO" solutions. The company has achieved record core banking wins and nearly doubled its digital business sales year-over-year. Cross-selling activities have increased significantly, with 15-20% growth in cross-sell initiatives. The company has made several strategic acquisitions to enhance its capabilities, including Dragonfly Technologies to expand digital offerings, and has formed partnerships with major technology companies like Microsoft and specialized fintech firms to broaden its solution portfolio.
FIS company profile · for informational purposes only — not investment advice.
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