Fidelity National Information Services Inc

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.