Fidelity National Information Services (NYSE:FIS) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Fidelity National Information Services (NYSE:FIS) announced its quarterly earnings results on Wednesday. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01, FiscalAI reports. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS.

Here are the key takeaways from Fidelity National Information Services’ conference call:

• FIS reported third-quarter pro forma revenue growth of 3.7%, adjusted EPS growth of 6.6%, and 94 basis points of margin expansion. Year-to-date free cash flow rose 57% to $1.9 billion, and the company reaffirmed its full-year outlook of approximately $2.2 billion.
• FIS cut its 2026 revenue and earnings outlook, citing delayed client implementations, bank consolidation, lower demand for traditional licenses, and the prepaid-business divestiture. Full-year margin expansion is now expected at 20–30 basis points, and adjusted EPS growth at 1.2%–2.4%.
• The preliminary 2027 outlook points to revenue growth ranging from down 0.5% to up 1.0%, flat-to-down margins, and an adjusted EPS decline in the high-single- to low-double-digit range. Management attributed much of the pressure to lapping partnership revenue and unusually high bank termination fees, and expects these headwinds to largely fade in 2028.
• Management said demand remains strong, recurring ACV renewals are in the high 90s, and nearly all delayed client conversions are contractually secured and replanned. FIS is prioritizing subscription and SaaS sales, which it expects to support more durable recurring revenue over time.
• FIS plans continued investment in cybersecurity and resiliency, which management said will weigh on margins; it also expects higher-than-usual security spending and depreciation. CFO James Kehoe is leaving, with Alex Brooks serving as interim CFO while the board searches for a permanent successor.

Fidelity National Information Services Stock Down 23.4%

Fidelity National Information Services stock traded down $9.12 during midday trading on Wednesday, hitting $29.87. The stock had a trading volume of 37,080,422 shares, compared to its average volume of 6,056,582. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average price of $36.70 and a 200 day moving average price of $43.48. Fidelity National Information Services has a 12 month low of $29.15 and a 12 month high of $68.37. The stock has a market cap of $15.44 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.46 and a beta of 0.84.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s payout ratio is currently 27.04%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey Goldstein purchased 1,585 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director owned 18,697 shares in the company, valued at approximately $680,570.80. The trade was a 9.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Fidelity National Information Services News Roundup

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS reported Q3 adjusted EPS of $1.61 versus the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Banking strength supported the results. FIS Q3 results
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also lowered its pro forma Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions, project timing and increased technology spending. Banking growth outlook
• Negative Sentiment: Reports highlighted a soft fourth-quarter outlook on an organic basis. FIS is also halting share buybacks and some M&A as it focuses on deleveraging, making slower growth more concerning given its debt burden. Buybacks and M&A
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with Alexandra Brooks named interim CFO. The transition adds uncertainty amid the outlook reset. JPMorgan, William Blair and Oppenheimer also downgraded the stock. CFO transition
• Neutral Sentiment: Levi & Korsinsky announced an investigation on behalf of shareholders who lost money following the outlook cut. The notice is an investigation announcement, not a finding of wrongdoing. Investigation notice

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FIS shares. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. William Blair lowered Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Susquehanna reduced their target price on Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Finally, Wells Fargo & Company lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $58.00 to $46.00 in a research note on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.96.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.