Fidelity National Information Services Inc
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.89%.
Did FIS Beat Earnings? Q3 2025 Results
Fidelity National Information Services delivered a clean beat across the board in Q3 2025, reporting earnings per share of $1.51 against a consensus estimate of $1.48, a 1.72% positive surprise, while revenue of $2.72 billion topped the $2.66 billion estimate by 2.24% and grew 5.7% year over year. The outperformance was broad-based, with Banking Solutions contributing $1.89 billion in revenue, up 6% year over year, and Capital Market Solutions adding $783 million, up 7%, as disciplined cost management expanded adjusted EBITDA margins in both segments. CEO Stephanie Ferris credited execution against all financial commitments, a contrast to the turbulence seen elsewhere in fintech, where <a href="https://247wallst.com/investing/2025/10/29/fiserv-falls-off-a-cliff-after-q3-earnings/">rival results disappointed investors</a>. Free cash flow more than doubled year over year to $798 million, underscoring the company's cash generation momentum. FIS raised its full-year 2025 revenue outlook to $10.60 billion to $10.63 billion and lifted its share repurchase target to approximately $1.30 billion, signaling confidence heading into a pivotal 2026 that will include the $13.50 billion acquisition of Global Payments' Issuer Solutions business.
- Recurring revenue growth of 6% on an adjusted basis
- Banking Solutions recurring revenue growth of 6%
- Capital Markets recurring revenue growth of 8%
- Adjusted EBITDA margin expansion of 53 basis points to 41.8%
- Banking Solutions Adjusted EBITDA margin expanded 68 basis points to 45.8%
- Capital Markets Adjusted EBITDA margin expanded 60 basis points to 50.5%
- Cost discipline and favorable revenue mix in Capital Markets
- Free cash flow increased 101% year-over-year
- Adjusted free cash flow increased 75% year-over-year
“We delivered strong results this quarter with disciplined execution driving outperformance against all of our financial commitments. Our differentiated positioning within a favorable market environment is translating into strong sales performance across all segments of our business. We continue to enhance our product suite through our build, buy, partner strategy with the recent acquisition of Amount, and are delivering greater value to our clients through our operational excellence initiatives.”
Fidelity National Information Services CEO, on the earnings call
Forward Guidance & Outlook
FIS raised its full-year 2025 revenue outlook to $10,595–$10,625 million, reflecting growth of 5.4% to 5.7%. The company reiterated Adjusted EPS growth of 10%–11%, targeting $5.74–$5.78 per share. Adjusted EBITDA outlook is $4,330–$4,345 million. The Adjusted free cash flow conversion target was increased from 82%–85% to greater than 85%. The company raised its 2025 share repurchase goal to approximately $1.3 billion. The Issuer Solutions acquisition from Global Payments and the simultaneous sale of FIS's remaining Worldpay equity interest are now expected to close in Q1 2026.
FIS YoY Financials
FIS Revenue by Segment
FIS Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.