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

Fidelity National Information Services (NYSE:FIS) released its quarterly earnings data on Friday. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08, FiscalAI reports. Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm’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 Price Performance

Shares of FIS traded down $3.74 during mid-day trading on Friday, reaching $43.51. 11,319,298 shares of the company’s stock were exchanged, compared to its average volume of 5,671,219. 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. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 59.60, a PEG ratio of 0.46 and a beta of 0.82. The company has a 50-day simple moving average of $48.06 and a two-hundred day simple moving average of $57.04.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 241.10%.

Insider Transactions at Fidelity National Information Services

In related news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in FIS. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $347,000. Sivia Capital Partners LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $302,000. Fiduciary Trust Co boosted its stake in shares of Fidelity National Information Services by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 161 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Fidelity National Information Services by 9.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,371 shares of the information technology services provider’s stock worth $224,000 after buying an additional 277 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in shares of Fidelity National Information Services by 204.0% in the third quarter. GeoWealth Management LLC now owns 3,228 shares of the information technology services provider’s stock valued at $213,000 after buying an additional 2,166 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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 Upgrades and Downgrades

Several equities research analysts have recently commented on FIS shares. TD Cowen decreased their price target on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. BNP Paribas Exane dropped their price objective on Fidelity National Information Services from $47.00 to $40.00 and set an “underperform” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group decreased their target price on 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. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Citigroup dropped their price target on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.