Q1 26 EPS
$1.36
BEAT +5.68%
Est. $1.29
Q1 26 Revenue
$3.30B
BEAT +0.54%
Est. $3.28B
vs S&P Since Q1 26
-20.5%
TRAILING MARKET
FIS -19.3% vs S&P +1.2%
Market Reaction
Did FIS Beat Earnings? Q1 2026 Results
Fidelity National Information Services delivered a strong first quarter for 2026, posting adjusted EPS of $1.36, a 12% year-over-year increase that extended the company's streak of beating consensus estimates to four consecutive quarters. Revenue cli… Read more Fidelity National Information Services delivered a strong first quarter for 2026, posting adjusted EPS of $1.36, a 12% year-over-year increase that extended the company's streak of beating consensus estimates to four consecutive quarters. Revenue climbed 30.1% to $3.29 billion, with the acquisition of Global Payments' Issuer Solutions business, now rebranded as FIS Total Issuing Solutions, serving as the primary engine behind that headline growth. Banking Solutions led the charge, with reported revenue rising 45% to $2.37 billion, while Capital Market Solutions contributed steady growth of 5% to $823.00 million. Adjusted EBITDA margin expanded 176 basis points to 39.6%, reflecting the favorable margin profile of the newly integrated issuer processing business. The quarter's GAAP results were further shaped by a roughly $2.20 billion after-tax gain from the completed sale of FIS's 45% stake in Worldpay. With shares under pressure in recent months, management reaffirmed its full-year outlook, guiding for adjusted EPS of $6.22 to $6.32 and free cash flow of $2.05 billion to $2.15 billion, while focusing near-term capital priorities on deleveraging its $21.10 billion debt load.
Key Takeaways
- • Acquisition of Total Issuing Solutions business driving Banking Solutions revenue growth of 45%
- • Favorable revenue mix and cost savings expanding Adjusted EBITDA margin by 176 basis points to 39.6%
- • Recurring revenue growth of 4.8% on a Pro Forma basis
- • Strong banking sector investment activity
- • Capital Market Solutions recurring revenue growth of 3.6%
FIS Forward Guidance & Outlook
FIS reiterated its full-year 2026 outlook: Adjusted revenue growth of 30-31%, Adjusted EBITDA growth of 34-35%, Adjusted EPS growth of 8-10% (implying $6.22-$6.32), and Free Cash Flow of $2.05-$2.15 billion (growth of 27-33%). On a Pro Forma basis, revenue is projected to grow 5.1-5.7% and Adjusted EBITDA 7.2-8.4%. For Q2 2026, the company guides revenue of $3,375-$3,395 million, Adjusted EBITDA of $1,395-$1,415 million, and Adjusted EPS of $1.45-$1.49. The company has temporarily paused share repurchases and tuck-in M&A to accelerate deleveraging toward a target gross leverage of 2.8x.
FIS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FIS Revenue by Segment
With YoY comparisons, source: SEC Filings
FIS Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered a strong start to 2026, with disciplined execution driving margin expansion and robust cash flow generation.”
— Stephanie Ferris, Q1 2026 Earnings Press Release
FIS Earnings Trends
FIS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FIS EPS Trend
Earnings per share: estimate vs actual
FIS Revenue Trend
Quarterly revenue: estimate vs actual
FIS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.29 | $1.36 | +5.68% | $3.30B | +0.54% |
| Q4 25 MISS FY | $1.69 | $1.68 | -0.50% | $2.81B | +2.49% |
| FY Full Year | $5.77 | $5.75 | -0.34% | $10.68B | +0.72% |
| Q3 25 BEAT | $1.48 | $1.51 | +1.72% | $2.72B | +2.24% |
| Q2 25 BEAT | $1.36 | $1.36 | +0.09% | $2.62B | +1.65% |
| Q1 25 BEAT | $1.20 | $1.21 | +1.04% | $2.53B | +0.80% |