Fidelity National Information Services (NYSE:FIS) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• Fidelity National Information Services (FIS) beat quarterly earnings expectations, reporting adjusted EPS of $1.36 versus the $1.28 consensus, while revenue came in slightly ahead at $3.30 billion.
• The company also highlighted strong operating performance, including 6.5% pro forma revenue growth, margin expansion, and $474 million in free cash flow, which management said keeps it ahead of full-year targets.
• FIS raised/updated its outlook, guiding to $6.22-$6.32 in FY 2026 adjusted EPS and $1.45-$1.49 for Q2 EPS, but it also noted that leverage remains elevated and that AI and tokenization initiatives are not expected to contribute material revenue until later.

Fidelity National Information Services (NYSE:FIS - Get Free Report) posted its quarterly earnings data on Friday. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08, FiscalAI reports. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The business had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.21 EPS. The business's revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services updated its FY 2026 guidance to 6.220-6.320 EPS and its Q2 2026 guidance to 1.450-1.490 EPS.

Here are the key takeaways from Fidelity National Information Services' conference call:

• FIS exceeded guidance with 6.5% pro forma revenue growth, adjusted EBITDA margin of 39.6% (up 87 bps), adjusted EPS of $1.36 (+12.4% YoY), and free cash flow of $474M (up 111%), which management says puts the company ahead on its full‑year targets.
• Commercial momentum is strong — recurring ACV grew 24% YoY (banking +13%, Capital Markets +45%), with Money Movement Hub ACV tripling and notable growth in lending and digital, which management views as a leading indicator of durable recurring revenue.
• Strategic growth initiatives include a co‑build partnership with Anthropic to create bank‑grade AI agents (FIS will own the agents/infrastructure) and Project Keystone for tokenized deposits, but management said no material revenue is included in the 2026 guide and commercialization is expected to ramp in H2‑2026 with revenue primarily in 2027.
• Leverage remains elevated at about 3.6x total debt of $21B; management targets de‑leveraging toward ~2.8x before meaningfully increasing capital returns, so balance‑sheet risk persists despite strong cash generation and a $2.1B FY cash‑flow guide.

Fidelity National Information Services Stock Performance

FIS traded down $3.74 during mid-day trading on Friday, reaching $43.51. 11,319,298 shares of the company traded hands, compared to its average volume of 5,597,340. The company's fifty day moving average price is $48.06 and its 200-day moving average price is $57.04. The stock has a market capitalization of $22.49 billion, a P/E ratio of 59.60, a P/E/G ratio of 0.45 and a beta of 0.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services has a 52-week low of $43.28 and a 52-week high of $82.74.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services's payout ratio is 241.10%.

Insider Buying and Selling

In other news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the acquisition, the chief executive officer owned 281,458 shares in the company, valued at $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $347,000. Geneos Wealth Management Inc. increased its stake in Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider's stock worth $78,000 after buying an additional 431 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth about $302,000. Marshall Wace LLP purchased a new stake in Fidelity National Information Services during the second quarter valued at $4,896,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Fidelity National Information Services by 20.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider's stock worth $431,000 after buying an additional 901 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS beat first-quarter expectations, reporting adjusted EPS of $1.36 versus $1.28 expected and revenue of about $3.29 billion versus $3.28 billion expected. Management said Banking Solutions revenue surged 45%, margins expanded, and cash flow generation remained strong. Article FIS Reports First Quarter 2026 Results and Reiterates Full-Year Outlook
• Positive Sentiment: The company reiterated its full-year 2026 outlook and said it expects about $2.1 billion in free cash flow this year, with a longer-term goal of more than $3 billion by 2028 as it expands AI-driven offerings and partnerships. Article FIS reiterates 2026 outlook for $2.1B free cash flow while targeting >$3B by 2028 through Anthropic AI agents rollout
• Neutral Sentiment: FIS also reaffirmed full-year 2026 guidance of $6.22-$6.32 in adjusted EPS and $13.8-$13.9 billion in revenue, which is broadly in line with Wall Street expectations. Article FIS Tops Q1 Earnings on Banking Solutions Growth, Margin Expansion
• Negative Sentiment: The stock may be under pressure because second-quarter EPS guidance of $1.45-$1.49 only meets or slightly trails consensus, leaving limited room for an upside surprise near term. Article FIS Tops Q1 Earnings on Banking Solutions Growth, Margin Expansion

Analyst Ratings Changes

Several equities research analysts recently commented on FIS shares. JPMorgan Chase & Co. dropped their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. Stephens lowered their price target on Fidelity National Information Services from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, January 16th. The Goldman Sachs Group cut their price objective on shares of Fidelity National Information Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Raymond James Financial reduced their price objective on shares of Fidelity National Information Services from $82.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Finally, Wolfe Research dropped their target price on shares of Fidelity National Information Services from $90.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.10.

About Fidelity National Information Services

Fidelity National Information Services NYSE: FIS is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.

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