Q2 26 EPS
$1.48
BEAT +0.54%
Est. $1.47
Q2 26 Revenue
$3.38B
MISS 0.20%
Est. $3.38B
vs S&P Since Q2 26
-6.0%
TRAILING MARKET
FIS -5.8% vs S&P +0.3%
Market Reaction
Did FIS Beat Earnings? Q2 2026 Results
Fidelity National Information Services delivered a largely in-line second quarter, posting adjusted EPS of $1.48 against the $1.47 consensus estimate and revenue of $3.38 billion, a 29.1% year-over-year surge that reflected the transformative weight … Read more Fidelity National Information Services delivered a largely in-line second quarter, posting adjusted EPS of $1.48 against the $1.47 consensus estimate and revenue of $3.38 billion, a 29.1% year-over-year surge that reflected the transformative weight of its Total Issuing Solutions acquisition completed earlier this year. The deal's footprint was unmistakable across the income statement, propelling Banking Solutions revenue up 44% on a reported basis to $2.48 billion and lifting adjusted EBITDA 35% to $1.41 billion, with margin expanding nearly 194 basis points to 41.7%. FIS also swung to GAAP net income of $231 million from a loss of $470 million a year ago, when a $598 million equity method investment loss tied to Worldpay had weighed heavily on results; the company completed the sale of its remaining 45% Worldpay stake in January, removing that drag entirely. Free cash flow excluding Worldpay transaction taxes surged to $525 million. Looking ahead, FIS trimmed its pro forma revenue growth outlook to 4.5%-5.0% while raising its free cash flow target by $100 million to $2.15-$2.25 billion, and guided third-quarter adjusted EPS of $1.58-$1.62.
Key Takeaways
- • Total Issuing Solutions acquisition driving 44% Banking Solutions revenue growth
- • Recurring revenue growth of 5.1% on a pro forma basis
- • Adjusted EBITDA margin expansion of 193 bps to 41.7% from favorable mix and cost savings
- • Banking Solutions adjusted EBITDA margin expanded 179 bps to 45.8%
- • Capital Market Solutions recurring revenue grew 5.3%
- • Free cash flow excluding Worldpay transaction taxes increased 220% to $525 million
FIS Forward Guidance & Outlook
FIS updated its full-year 2026 outlook: Adjusted revenue growth of 29-30%, Adjusted EBITDA growth of 32-34%, Adjusted EPS growth of 7.0-8.5% (implying $6.15-$6.24), and Free Cash Flow (excluding Worldpay transaction taxes) of $2.15-$2.25 billion (growth of 33-39%). Pro forma revenue growth guidance was lowered to 4.5-5.0% (from 5.1-5.7%) and pro forma Adjusted EBITDA growth to 5.9-6.9% (from 7.2-8.4%). For Q3 2026, the company projects revenue of $3,415-$3,445 million, Adjusted EBITDA of $1,460-$1,480 million, and Adjusted EPS of $1.58-$1.62. The company has temporarily curtailed share repurchases and paused tuck-in M&A to accelerate deleveraging, expecting to resume meaningful buybacks once gross leverage reaches approximately 2.8x.
FIS YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
FIS Revenue by Segment
With YoY comparisons, source: SEC Filings
FIS Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our first half reflects the strength of the business we have built defined by durable recurring growth, expanding margins, and accelerating cash generation. Banks are investing decisively behind modernization and AI, and they are choosing FIS as their partner. With the Total Issuing Solutions acquisition ahead of plan, we are uniquely positioned to leverage our global scale and end-to-end solutions to serve financial institutions of all sizes.”
— Stephanie Ferris, Q2 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.47 | $1.48 | +0.54% | $3.38B | -0.20% |
| 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% |