Fidelity National Information Services Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −6.15%.
Did FIS Beat Earnings? Q4 2025 Results
Fidelity National Information Services delivered a headline-grabbing fourth quarter, matching the Street's $1.68 adjusted EPS consensus exactly while blowing past revenue expectations by 11.67%, with sales climbing 8.2% year-over-year to $2.81 billion against a consensus of $2.52 billion. The standout driver was broad-based segment strength, with Banking Solutions revenue rising 9% to $1.87 billion and Capital Market Solutions up 8% to $883 million, the latter expanding Adjusted EBITDA margins by 227 basis points to 57.4% on favorable revenue mix and operating leverage. A transformative strategic pivot added further dimension to the print, as FIS closed its acquisition of the Issuer Solutions Business in early January 2026 while simultaneously exiting its remaining 45% Worldpay stake, a move management says positions the company to hold the most comprehensive financial data set spanning the entire money lifecycle. Looking ahead, FIS projects 2026 adjusted revenue growth of 30-31% and Adjusted EPS growth of 8-10%, though the company plans to temporarily pause <a href="https://247wallst.com/investing/2026/02/19/citigroup-vs-wells-fargo-which-wins-on-dividends-buybacks-interest-rate-exposure/">share repurchases and capital returns</a> to accelerate deleveraging toward a 2.8x gross leverage target.
- Commercial excellence initiatives driving durable revenue growth
- Recurring revenue growth of 8% in Q4 (9% in Banking Solutions, 5% in Capital Markets)
- Banking Solutions Q4 Adjusted EBITDA margin expanded 132 bps driven by cost management and favorable revenue mix
- Capital Market Solutions Q4 Adjusted EBITDA margin expanded 227 bps reflecting favorable revenue mix, operating leverage and cost management
- Full-year free cash flow increased 19% and adjusted free cash flow increased 18%
“We are entering 2026 with continued strong momentum as our commercial excellence initiatives and investments in innovation are driving durable revenue growth and expanding margins.”
Fidelity National Information Services CEO, on the earnings call
Forward Guidance & Outlook
For full-year 2026, FIS projects Adjusted revenue growth of 30-31% (inclusive of 357 days of Total Issuing Solutions and 8 days of Worldpay EMI), Adjusted EBITDA growth of 34-35%, and Adjusted EPS growth of 8-10%. On a pro forma basis, revenue is projected to grow 5.1-5.7% and Adjusted EBITDA 7.2-8.4%. Free cash flow (excluding transaction taxes on Worldpay sale) is targeted at $2.05-$2.15 billion, representing growth of 27-33% over 2025. The company expects to temporarily pause share repurchases and tuck-in M&A to accelerate deleveraging toward a 2.8x gross leverage target.
FIS YoY Financials
FIS Revenue by Segment
FIS Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.