Fidelity National Info (FIS) AI Stock Analysis

• Market Cap: $24.91B
• Dividend Yield: 2.4%
• Average Volume (3M): 4.94M
• Price to Earnings (P/E): 66.1
• Beta (1Y): 0.47
• Revenue Growth: 4.26%
• EPS Growth: -75.98%
• Country: US
• Employees: 50,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 1.68
• Shares Outstanding: 514,403,700
• 10 Day Avg. Volume: 5,144,483
• 30 Day Avg. Volume: 4,937,120
• PEG Ratio: -1.88
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 3.22
• P/FCF Ratio: 14.00
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 2.65
• Enterprise Value/Gross Profit: 6.94
• Enterprise Value/Ebitda: 8.03
• 1Y Price Target: $68.79
• Price Target Upside: 40.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 6.28
• Revenue Forecast (FY): $12.86B

• Rating: 61 Neutral
• Price Target: $51.00 ▲(3.93% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is supported primarily by strong and improving cash generation and significant balance-sheet deleveraging, reinforced by upbeat 2026 guidance for revenue/EBITDA/FCF growth and margin expansion. These positives are tempered by weak technicals (price below key moving averages with bearish momentum) and a demanding P/E multiple despite a supportive dividend yield.

Positive Factors

Strong free cash flow

FIS generates materially positive and growing free cash flow with high cash conversion (~88–90%). This durable cash engine supports reinvestment in product development and AI, funds dividends and debt paydown, and underpins the firm's multi-year plan to double FCF to >$3B by 2028.

Material deleveraging

Rapid reduction in total debt (from near $20B to ~$4B) and a debt-to-equity of ~0.29 materially improves financial flexibility. Lower leverage reduces interest burden, increases room for strategic M&A and R&D, and makes balance-sheet-driven risk far more manageable across economic cycles.

Scale in issuing, data & AI moat

The TSYS (Issuer Solutions) acquisition plus vast data (1B+ accounts, ~73B transactions) and accelerated AI investment create a durable competitive moat. Scale in issuing and proprietary data enhance cross-sell, enable AI-enabled fraud and lending products, and raise barriers to entry over the medium term.

Negative Factors

Earnings volatility

Historical swings from deep losses to modest profits show underlying earnings instability. Revenue has been choppy and net margins compressed in 2025, which undermines predictability of earnings and makes sustained margin expansion and EPS targets more execution-dependent over the medium term.

Integration cash costs

Material one-time integration and transformation cash outlays (~$200M) create near-term FCF pressure and execution risk. The pause on buybacks prioritizes debt reduction but limits shareholder-return optionality until synergies and deleveraging are realized, prolonging investor reliance on operational improvement.

M&A timing and dependency

Management's growth and margin targets rely in part on M&A contributions and synergies; delayed deal closings or slower integration can push out expected revenue and FCF benefits. Dependence on deal cadence elevates execution and timing risk to achieving multi-year targets.

Fidelity National Info Business Overview & Revenue Model

Company Description

Fidelity National Information Services, Inc. provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions. The Banking Solutions segment provides core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail payment solutions; wealth and retirement solutions; and item processing and output services. The Capital Market Solutions segment offers securities processing and finance, global trading, asset management and insurance, and corporate liquidity solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

How the Company Makes Money

FIS generates revenue through multiple key streams, primarily focusing on transaction processing fees, software licensing, and consulting services. The company earns significant income from its payment processing solutions, where it charges fees for each transaction processed on its platforms. Additionally, FIS provides software solutions to banks and financial institutions, charging for licenses and ongoing support services. The company also benefits from consulting services that help organizations optimize their operations and technology infrastructure. Strategic partnerships with major financial institutions and technology providers enhance FIS's market reach and contribute to its revenue growth, allowing it to capture a larger share of the global fintech landscape.

Fidelity National Info Financial Statement Overview

Summary

Cash flow is a key strength with consistently high and growing free cash flow (~$2.0B in 2024 and ~$2.45B in 2025) and good earnings quality, and the balance sheet has materially de-risked via rapid debt reduction (debt-to-equity ~0.29 in 2025). Offsetting this, the income statement shows notable volatility (large losses in 2022–2023 and a step-down in profitability in 2025), which clouds earnings durability.

Income Statement

Revenue has been relatively stable but choppy, with a decline in 2025 (-4.7%) following modest growth in 2024 (~3.0%). Profitability is inconsistent: gross margin has held near ~36–38%, but bottom-line performance swung from very large losses in 2022–2023 to solid profitability in 2024 and a much lower profit level in 2025 (net margin ~3.6%). Operating profitability also shows volatility, with 2025 showing notably weaker operating earnings versus 2024, which raises questions on earnings durability.

Balance Sheet

Leverage improved meaningfully: total debt fell from ~$19–20B (2022–2023) to ~$11.5B (2024) and ~$4.0B (2025), driving debt-to-equity down to ~0.29 in 2025 (from ~0.74 in 2024 and ~1.02 in 2023). Equity remains sizable (~$14.0B in 2025), supporting balance-sheet flexibility. The main offset is profitability/returns volatility, with return on equity swinging from deeply negative in 2022–2023 to positive in 2024 and lower but still positive in 2025.

Cash Flow

Cash generation is a clear strength: operating cash flow remained strong across years (about $2.1B in 2024 and $2.6B in 2025), and free cash flow is consistently high (about $2.0B in 2024 and $2.45B in 2025). Free cash flow growth accelerated sharply in 2025, and free cash flow tracks reported earnings closely (free cash flow to net income ~0.94–0.97 in 2023–2025), indicating good earnings quality. A watch item is that cash flow as a share of revenue is solid, but reported earnings volatility in prior years makes consistency the key risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.68B	10.13B	9.83B	9.72B	13.88B
Gross Profit	3.94B	3.80B	3.66B	3.50B	5.20B
EBITDA	2.90B	3.38B	2.90B	2.88B	5.02B
Net Income	382.00M	1.45B	-6.66B	-16.72B	417.00M
Balance Sheet
Total Assets	33.49B	33.78B	54.97B	63.28B	82.93B
Cash, Cash Equivalents and Short-Term Investments	599.00M	834.00M	440.00M	456.00M	2.01B
Total Debt	4.01B	11.54B	19.34B	20.41B	20.88B
Total Liabilities	19.59B	18.08B	35.92B	35.87B	35.40B
Stockholders Equity	13.90B	15.70B	19.05B	27.22B	47.35B
Cash Flow
Free Cash Flow	2.45B	1.97B	4.22B	3.67B	3.56B
Operating Cash Flow	2.61B	2.07B	4.33B	3.94B	4.81B
Investing Cash Flow	-3.04B	8.14B	-1.52B	-373.00M	-1.77B
Financing Cash Flow	-1.18B	-12.62B	-3.32B	-2.57B	-2.54B

Fidelity National Info Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 49.07 is below the 20-day moving average (MA) of 50.50, below the 50-day MA of 59.18, and below the 200-day MA of 68.34, indicating a bearish trend. The MACD of -3.22 indicates Negative momentum. The RSI at 35.25 is Neutral, neither overbought nor oversold. The STOCH value of 51.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FIS.

Fidelity National Info Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKHY	77 Outperform	$11.27B	22.42	24.28%	1.25%	7.75%	20.42%
ACIW	71 Outperform	$4.03B	16.78	18.58%	―	7.01%	17.48%
FISV	68 Neutral	$31.62B	9.72	13.17%	―	5.16%	24.92%
GPN	68 Neutral	$21.93B	13.54	4.92%	1.25%	-11.30%	34.28%
BR	67 Neutral	$20.76B	19.68	41.79%	1.63%	8.57%	35.02%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FIS	61 Neutral	$24.91B	66.12	2.58%	2.40%	4.26%	-75.98%

Fidelity National Info Corporate Events

Fidelity National Info Adds AI-Focused Independent Director

On January 19, 2026, Fidelity National Information Services’ board expanded from nine to ten members and elected Anil Srinivasa Chakravarthy as an independent director, effective January 20, 2026, with his initial term running until the 2026 annual shareholders’ meeting; he will receive standard non-employee director compensation on a prorated basis and will serve on the Audit Committee and the Risk and Technology Committee. The appointment adds a seasoned enterprise software and AI-focused technology leader—currently a senior executive at Adobe and former CEO of Informatica—to the board, strengthening FIS’s oversight and strategic capabilities in cloud transformation, SaaS, data management and AI-powered financial technology as it pursues its innovation and growth agenda.

The most recent analyst rating on (FIS) stock is a Hold with a $69.00 price target. To see the full list of analyst forecasts on Fidelity National Info stock, see the FIS Stock Forecast page.

FIS Completes Issuer Solutions Acquisition and Worldpay Divestiture

On January 9, 2026, FIS completed the acquisition of Global Payments’ Issuer Solutions business, formerly TSYS, and simultaneously sold its remaining 45% minority stake in merchant acquirer Worldpay to Global Payments, transactions originally agreed in April 2025. The Issuer Solutions unit, valued at $13.5 billion on an enterprise basis, was acquired in exchange for FIS’s Worldpay interest plus about $7.7 billion in cash, while Worldpay was valued at $24.25 billion, with customary post-closing price adjustments applying to both assets. The deal, formally announced via press release on January 12, 2026, transforms FIS into a scaled fintech leader in issuer processing, consolidating what it describes as the world’s largest issuing business under the new FIS Total Issuing Solutions brand, processing more than 40 billion transactions annually for over 150 financial institutions and corporates in more than 75 countries. By replacing a non-cash-generating minority equity stake with high-margin recurring revenue, a broader suite in credit processing, fraud, loyalty and value-added services, and a far larger addressable issuer market of roughly $28 billion, FIS expects the transaction to strengthen its financial profile, create robust revenue and cost synergies and add an estimated $500 million in incremental adjusted free cash flow in 2026, rising to $700 million by 2028.

The most recent analyst rating on (FIS) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Fidelity National Info stock, see the FIS Stock Forecast page.