Fidelity National Information Services Inc
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.07%.
Did FIS Beat Earnings? Q2 2025 Results
Fidelity National Information Services delivered a solid second quarter, posting adjusted EPS of $1.36 against a consensus estimate of $1.36, a narrow beat of 0.09%, while revenue of $2.62 billion topped expectations by 1.65% and grew 5.1% year over year. The primary engine behind the top-line performance was the Banking Solutions segment, which generated $1.81 billion in revenue, up 6%, with recurring revenue climbing 7%, offsetting a modest margin contraction tied to elevated bad debt expense. Capital Market Solutions added $765 million in revenue, also up 6% on a GAAP basis, rounding out a broadly constructive quarter. The strategic spotlight, however, fell on the pending $13.50 billion acquisition of Global Payments' Issuer Solutions business and the simultaneous sale of FIS's remaining Worldpay stake for $6.60 billion pre-tax, with both transactions expected to close in the first half of 2026. Despite the headline beats, shares came under pressure as Q3 adjusted EPS guidance of $1.46 to $1.50 landed below the Street's $1.55 estimate, even as management raised its full-year 2025 adjusted EPS outlook to $5.72 to $5.80.
- Banking segment recurring revenue growth of 7%
- Adjusted revenue growth of 5% on a constant currency basis
- Commercial excellence initiatives resonating in the market
- Capital Market Solutions recurring revenue growth of 5%
“Our results reflect the continued positive momentum of the business as we delivered another quarter of financial outperformance driven by our Banking segment. As a result, we are raising our full-year outlook.”
Fidelity National Information Services CEO, on the earnings call
Forward Guidance & Outlook
FIS raised its full-year 2025 outlook, now targeting revenue of $10,520-$10,570 million (growth of 4.8% to 5.3%), Adjusted EBITDA of $4,315-$4,335 million, and Adjusted EPS of $5.72-$5.80 (growth of 10% to 11%). For Q3 2025, the company guided revenue of $2,650-$2,665 million, Adjusted EBITDA of $1,105-$1,120 million, and Adjusted EPS of $1.46-$1.50. The Issuer Solutions acquisition and Worldpay minority interest sale are expected to close simultaneously in the first half of 2026. Post-close, pro forma gross leverage is expected to be approximately 3.4x, with a target to deleverage to 2.8x within 18 months. The company reiterates its goal to repurchase approximately $1.2 billion of shares in 2025 and to grow dividends per share in line with Adjusted EPS growth.
FIS YoY Financials
FIS Revenue by Segment
FIS Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.