Fidelity National Information Services (FIS)
NYSE:FIS
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Fidelity National Info
(NYSE:FIS)
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Rating:72Outperform
Price Target:
$43.00
▼(-11.34% Downside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by improving financial performance (strong cash generation, better leverage, and recovering profitability) and supportive earnings-call guidance/operating momentum. Attractive valuation (low P/E and solid dividend) further boosts the rating, while weak technical trends and mixed corporate events temper the overall outlook.
Positive Factors
Strong cash generation
Consistent, high free cash flow and tight FCF-to-net-income conversion indicate durable earnings quality and internal funding capacity. Over 2–6 months this supports debt reduction, reinvestment in product development, dividends, and flexibility to pursue strategic initiatives without relying heavily on external financing.
Negative Factors
Elevated leverage
Outstanding leverage at ~3.6x constrains financial flexibility and increases exposure to interest-rate and refinancing risk. Even with a stated deleveraging plan, the elevated debt level limits capacity for large inorganic moves and requires sustained cash generation and disciplined capital allocation to reach targeted leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent, high free cash flow and tight FCF-to-net-income conversion indicate durable earnings quality and internal funding capacity. Over 2–6 months this supports debt reduction, reinvestment in product development, dividends, and flexibility to pursue strategic initiatives without relying heavily on external financing.
Read all positive factors
Fidelity National Info Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyFidelity National Info (FIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.82B
Dividend Yield2.4%
Average Volume (3M)7.23M
Price to Earnings (P/E)7.6
Beta (1Y)0.45
Revenue Growth12.27%
EPS Growth222.91%
CountryUS
Employees50,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.18
Shares Outstanding516,879,150
10 Day Avg. Volume7,576,511
30 Day Avg. Volume7,227,818
Financial Highlights & Ratios
PEG Ratio-1.88
Price to Book (P/B)2.47
Price to Sales (P/S)3.22
P/FCF Ratio12.23
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue2.21
Enterprise Value/Gross Profit5.87
Enterprise Value/Ebitda4.49
Forecast
1Y Price Target
$57.86Price Target Upside19.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)6.28
Revenue Forecast (FY)$13.80B
Fidelity National Info Business Overview & Revenue Model
Company Description
Fidelity National Information Services, Inc. (FIS) delivers technology services and solutions to a global clientele, encompassing merchants, banks, and capital markets firms. The company's operations are structured into three primary divisions: Me...
How the Company Makes Money
FIS primarily makes money by selling mission-critical technology and transaction services to financial institutions and businesses, generally through a mix of recurring software/platform fees and usage-based processing fees.
1) Banking software a...
Fidelity National Info Earnings Call Summary
Earnings Call Date:May 08, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong financial and commercial momentum: revenue and EBITDA outperformance, meaningful margin expansion, a more-than-doubled free cash flow, strong ACV growth across key vectors, and strategic partnerships (Anthropic, Project Keystone, Lyriq) that position FIS for AI and digital asset opportunities. Near-term challenges are noted but largely transitory or timing-related: Capital Markets lending softness, license timing effects, limited 2026 contribution from new AI agents, and slow initial realization of TSYS synergies. Balance sheet leverage remains elevated but management has a clear deleveraging plan. Overall, positives around execution, cash flow and strategic positioning materially outweigh the limited, largely temporary headwinds.Positive Updates
Pro Forma Revenue and Profitability Beat
Pro forma revenue grew 6.5% year-over-year, above expectations; pro forma EBITDA grew 9.4% with adjusted EBITDA margin of 39.6% and margin expansion of 87 basis points year-over-year.
Negative Updates
Capital Markets Revenue Headwinds from Lending
Capital Markets recurring revenue was pressured by macro volatility in lending (notably loan syndication/debt issuance). Management cited a ~130-basis-point negative impact to recurring growth from lending softness and expects some continued weakness (Q1 recurring revenue rose 3.6% but softer than other vectors).
Read all updates
Q1-2026 Updates
Positive
Negative
Pro Forma Revenue and Profitability Beat
Pro forma revenue grew 6.5% year-over-year, above expectations; pro forma EBITDA grew 9.4% with adjusted EBITDA margin of 39.6% and margin expansion of 87 basis points year-over-year.
Read all positive updates
Company Guidance
FIS reiterated full‑year guidance targeting pro‑forma revenue growth of 5.1–5.7% (Banking 5.0–5.5%, Capital Markets 5.5–6.5%), pro‑forma margin expansion of 95–110 basis points driving adjusted EPS growth of 8–10%, and $2.1 billion of free cash flow for 2026 (Q1 FCF $474M, +111% YoY, ~23% of the full‑year guide). For Q2 the company expects pro‑forma revenue growth of 4.9–5.5% (Banking 5.5–6.0%, Capital Markets 3–4%), adjusted revenue and adjusted EBITDA to grow >30% YoY, EBITDA margins to expand ~170 bps (with a quarter guidance range of 75–110 bps of margin expansion across segments), and adjusted EPS +7–10%. Q1 results set the base: pro‑forma revenue +6.5%, pro‑forma EBITDA +9.4%, adjusted EBITDA margin 39.6% (+87 bps), adjusted EPS $1.36 (+12.4%); Banking pro‑forma revenue +7.7% (recurring +5.2%, nonrecurring +58%, EBITDA +15% with +240 bps margin expansion) and Capital Markets revenue +2.9% (EBITDA +7.9%, margin 51.6% with +160 bps expansion). Commercial momentum metrics cited include recurring ACV +24% YoY (Banking +13%, Capital Markets +45%), Money Movement Hub ACV tripled, lending ACV +63%, and digital ACV +25%. Balance‑sheet and longer‑term targets include total debt $21B (3.6x leverage), trailing‑12‑month FCF ~$1.9B, a goal to double FCF to >$3B by 2028 (adding ~$1B 2026–28), delever toward ~2.8x, and merger synergies of $125M cost (with $30–40M expected in 2026) plus material revenue synergy targets over time.Fidelity National Info Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.66B | 10.68B | 10.13B | 9.83B | 9.72B | 13.88B |
| Gross Profit | 4.38B | 3.94B | 3.80B | 3.66B | 3.50B | 5.20B |
| EBITDA | 5.73B | 2.90B | 3.38B | 2.90B | 2.88B | 5.02B |
| Net Income | 2.67B | 382.00M | 1.45B | -6.66B | -16.72B | 417.00M |
Balance Sheet | ||||||
| Total Assets | 43.48B | 33.49B | 33.78B | 54.97B | 63.28B | 82.93B |
| Cash, Cash Equivalents and Short-Term Investments | 755.00M | 599.00M | 834.00M | 440.00M | 456.00M | 2.01B |
| Total Debt | 4.26B | 4.01B | 11.54B | 19.34B | 20.41B | 20.88B |
| Total Liabilities | 27.50B | 19.59B | 18.08B | 35.92B | 35.87B | 35.40B |
| Stockholders Equity | 15.98B | 13.90B | 15.70B | 19.05B | 27.22B | 47.35B |
Cash Flow | ||||||
| Free Cash Flow | 2.78B | 2.81B | 1.97B | 4.22B | 3.67B | 3.56B |
| Operating Cash Flow | 2.95B | 2.96B | 2.07B | 4.33B | 3.94B | 4.81B |
| Investing Cash Flow | -9.72B | -3.19B | 8.14B | -1.52B | -373.00M | -1.77B |
| Financing Cash Flow | 6.74B | -1.18B | -12.62B | -3.32B | -2.57B | -2.54B |
Fidelity National Info Technical Analysis
Negative
48.50
Price Trends
43.80
Negative
46.91
Negative
55.68
Negative
Market Momentum
-1.45
Positive
37.41
Neutral
10.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIS, the sentiment is Negative. The current price of 48.5 is above the 20-day moving average (MA) of 41.25, above the 50-day MA of 43.80, and below the 200-day MA of 55.68, indicating a bearish trend. The MACD of -1.45 indicates Positive momentum. The RSI at 37.41 is Neutral, neither overbought nor oversold. The STOCH value of 10.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FIS.
Fidelity National Info Risk Analysis
Fidelity National Info disclosed 32 risk factors in its most recent earnings report. Fidelity National Info reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fidelity National Info Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $8.95B | 17.78 | 24.03% | 1.25% | 8.44% | 21.74% | |
76 Outperform | $16.75B | 15.31 | 40.06% | 1.63% | 8.19% | 40.01% | |
72 Outperform | $19.82B | 7.56 | 18.45% | 2.40% | 12.27% | 222.91% | |
70 Outperform | $4.51B | 22.37 | 13.99% | ― | 7.06% | -22.01% | |
65 Neutral | $17.90B | -23.01 | -3.07% | 1.25% | -12.55% | -39.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $28.29B | 9.00 | 12.51% | ― | 1.87% | 3.79% |
* Technology Sector Average
FIS
Fidelity National Info
39.20
-39.20
-50.00%
ACIW
ACI Worldwide
45.24
-0.32
-0.70%
BR
Broadridge Financial Solutions
144.87
-89.30
-38.14%
FISV
Fiserv
53.78
-111.11
-67.38%
GPN
Global Payments
67.71
-8.12
-10.71%
JKHY
Jack Henry & Associates
128.23
-49.71
-27.94%
Fidelity National Info Corporate Events
Executive/Board ChangesShareholder Meetings
Fidelity National Info Board Member to Step Down
Neutral
Apr 3, 2026
On March 30, 2026, Fidelity National Information Services, Inc. announced that board member Mark Benjamin has chosen not to stand for re-election at the company’s 2026 annual meeting of shareholders, with the company emphasizing that his dec...
Executive/Board Changes
Fidelity National Info Announces Chief Product Technology Officer Resignation
Negative
Mar 20, 2026
Fidelity National Information Services, Inc. disclosed that its Chief Product Technology Officer, Firdaus Bhathena, notified the company on March 18, 2026, of his decision to resign. His resignation is scheduled to become effective on March 20, 20...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.