Fidelity National Information Services (FIS) Company Report

Ferris emphasized FIS’s future forward strategy focused on client centricity, innovation, and simplicity since her late-2022 appointment.
Pricing has become a net positive tailwind, balancing competitive new-business rates with cross-selling across an average of 26 products per banking client.
The banking segment delivered strong Q3 net new sales, account growth, and consumer spend, with momentum expected to continue into Q4.
Strategic acquisitions include Dragonfly for commercial digital banking and amount for digital account opening, along with the Q1 2026 close of the TSYS issuer processing deal to enhance credit card capabilities and drive cash flow.
FIS is deploying AI to boost internal productivity and product functionality (e.g., cash-flow forecasting) and partnering with Circle to integrate stablecoin support via its Money Movement Hub.

Nov 13, 2025, 9:05 PM

Transcript

FIS outlines strategy and growth drivers at KBW Fintech Payments Conference 2025

FIS

M&A

Revenue Acceleration/Inflection

FIS’s Future Forward strategy centers on client centricity, innovation, and simplicity to deliver durable revenue growth, profitable margins, and improved return on invested capital.
The banking segment posted strong Q3 growth driven by 150 bps of net new sales, expanded accounts on file, and a net pricing tailwind, with momentum expected to carry into Q4 and 2026.
The TSYS issuer processing deal, expected to close in Q1 2026, adds best-in-class credit card processing and global reach, while generating significant cash flow and delivering modest synergies (~$50 m revenue by Year 3).
FIS acquired Dragonfly and Amount to bolster its digital banking suite and is enabling stablecoin payments via its Money Movement Hub in partnership with Circle.

Nov 13, 2025, 9:05 PM

Transcript

FIS outlines growth strategy and M&A roadmap at 2025 FinTech Conference

FIS

M&A

Revenue Acceleration/Inflection

FIS’s future-forward strategy, launched when Stephanie Ferris became CEO in late 2022, centers on client-centricity, innovation, and simplicity to drive durable revenue growth, margin expansion, and strong returns on invested capital.
The banking segment outperformed in Q3 thanks to net new sales, higher digital account growth, strong consumer spend, and net pricing tailwinds, trends management expects to continue into Q4 and 2026.
Strategic M&A bolstered FIS’s digital offerings: acquisition of Dragonfly for commercial-banking digital capabilities and Amount for online account opening, and the pending TSYS issuer deal (closing Q1 2026) will add large-bank credit-card processing, global reach, margin-accretive revenue, and significant cash flow.
AI deployment spans back-office productivity, client-service agents, and product enhancements—such as AI-driven treasury forecasting and fraud models—and FIS positions itself as a stablecoin infrastructure provider via its Money Movement Hub and Circle partnership.

Nov 13, 2025, 9:05 PM

Transcript

Fidelity National Information Services registers new senior notes on NYSE

FIS

Debt Issuance

On November 12, 2025, FIS filed an 8-K to register its common stock (FIS) and senior notes on the New York Stock Exchange.
The registered senior note series include: 0.625% due 2025 (FIS25B); 1.500% due 2027 (FIS27); 1.000% due 2028 (FIS28); 2.250% due 2029 (FIS29); 2.000% due 2030 (FIS30); 3.360% due 2031 (FIS31); and 2.950% due 2039 (FIS39).
FIS is not classified as an emerging growth company under SEC rules.

Nov 12, 2025, 9:39 PM

8-K

FIS highlights consumer demand for bank-backed stablecoins

FIS

74.8% of U.S. consumers would try stablecoins if offered by their bank versus 3.6% comfortable with unregulated providers, underscoring banks’ edge in digital currency adoption.
67.6% experienced at least one payment issue in the past six months, and 88% find stablecoin features (instant transfers, lower fees, 24/7 availability) appealing, with 70.8% willing to switch payment methods to resolve frustrations.
77.4% believe stablecoins should be regulated like traditional payment methods, and 66.3% say FDIC-style insurance would increase their likelihood of use, highlighting trust and regulatory comfort as key adoption drivers.
52.7% require at least half of all merchants to accept digital currency before they would consider using it, indicating network effects are critical to scaling stablecoin usage.

Nov 11, 2025, 1:00 PM

Press Release

FIS reports Q3 2025 strong financial results

FIS

Earnings

Guidance Update

M&A

FIS delivered 6.3% revenue growth to $2.7 billion, 7.1% adjusted EBITDA growth, and 7.9% EPS increase to $1.51 in Q3 2025.
Q3 free cash flow reached $800 million (adj. $930 million; 142% cash conversion) with $509 million returned to shareholders year-to-date, enabling a $1.3 billion share repurchase target for 2025.
Raised full-year 2025 outlook: revenue growth now 5.4%–5.7%, tightened EPS growth to 10%–11%, and increased cash conversion target to >85%.
Completed the Amount AI-powered digital account-opening acquisition and expects to close the credit issuer solutions deal in Q1 2026—adding nearly 1 billion accounts to its platform.
Banking revenue rose 6.2% (M&A +150 bps) with 68 bps margin expansion, and Capital Markets grew 6.4% (M&A +130 bps) with 60 bps margin gains.

Nov 5, 2025, 1:30 PM

Transcript

FIS delivers strong Q3 2025 results and raises 2025 outlook

FIS

Earnings

Guidance Update

Share Buyback

Reported Q3 revenue up 6.3% to $2.7 billion, adjusted EBITDA margin of 41.8%, and adjusted EPS of $1.51, with free cash flow of $800 million (adj. FCF ~$930 million, 142% conversion)
Returned $509 million to shareholders in Q3 via dividends and buybacks and raised the full-year share repurchase target to $1.3 billion
Increased 2025 guidance: revenue growth to 5.4%–5.7% (midpoint +65 bps), banking growth to 4.9%–5.3%, capital markets to ~6.5%, and tightened EPS to $6.29–$6.34 (10%–11% growth)
Acquired Amount and announced credit issuer solutions deal closing in Q1 2026, expected to be accretive and add $500 million of FCF in 2026 (rising to $700 million post-integration)

Nov 5, 2025, 1:30 PM

Transcript

FIS reports Q3 2025 results

FIS

Earnings

Guidance Update

Share Buyback

FIS delivered $2.7 B in Q3 revenue (+6.3% Y/Y), $1.1 B adjusted EBITDA (41.8% margin) and $1.51 adjusted EPS (+7.9%).
Adjusted free cash flow was $929 M (142% conversion); raised FY 2025 share repurchase target to $1.3 B and total capital return target to $2.1 B.
Full-year 2025 guidance was increased: revenue outlook to $10.595–10.625 B, adjusted EBITDA to $4.33–4.345 B, and adjusted EPS to $5.74–5.78.
Recurring revenue grew 6.4%, with banking solutions up 6.2% and capital markets up 6.4%, driving sequential margin expansion.

Nov 5, 2025, 1:30 PM

Presentation

FIS delivers Q3 2025 earnings beat

FIS

Earnings

Guidance Update

Share Buyback

Reported 6.3% revenue growth to $2.7 billion, 41.8% adjusted EBITDA margin, and $1.51 adjusted EPS, each ahead of expectations
Generated $800 million free cash flow (unadjusted) and $930 million adjusted, driving 142% cash conversion and raising full-year cash conversion target to over 85%
Banking revenue up 6.2% with 6.0% recurring growth and 68 bps EBITDA margin expansion; Capital Markets revenue up 6.4%, recurring up 7.6%, with 60 bps margin expansion
Increased full-year 2025 revenue outlook to 5.4%–5.7%, banking to 4.9%–5.3%, capital markets to ~6.5%, and tightened EPS guidance to 10%–11% growth
Returned $509 million to shareholders in Q3 and raised 2025 share repurchase target to $1.3 billion

Nov 5, 2025, 1:30 PM

Transcript

FIS reports Q3 2025 results and raises full-year outlook

FIS

Earnings

Guidance Update

Share Buyback

FIS delivered Q3 GAAP diluted EPS of $0.50 and adjusted EPS of $1.51, an 8% increase, with revenue of $2.7 billion, up 6% year-over-year.
Net cash provided by operating activities was $1.0 billion; free cash flow was $798 million (+101%), and adjusted free cash flow reached $929 million (+75%).
The company raised its full-year 2025 outlook to 5.4–5.7% revenue growth and 10–11% adjusted EPS growth, with an increased target for adjusted free cash flow conversion to >85%.
In Q3, FIS returned $509 million to shareholders—comprised of $301 million in share repurchases and $208 million in dividends—and increased its buyback goal to $1.3 billion.
The Issuer Solutions acquisition is now expected to close in 1Q 2026.

Nov 5, 2025, 12:02 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Fidelity National Information Services.