Fidelity National Information Services (FIS)
NYSE:FIS
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Fidelity National Info
(NYSE:FIS)
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Rating:73Outperform
Price Target:
$48.00
▼(-1.03% Downside)
Action:Upgraded
Date:05/09/26
The score is primarily supported by strong cash flow generation and improved balance-sheet leverage, alongside favorable valuation (very low P/E and a ~3.77% dividend yield). Offsetting these positives are weak technical trends (price below key moving averages with negative momentum) and execution risks highlighted by integration costs and the buyback pause, with corporate events adding modest mixed signals.
Positive Factors
Cash generation
Sustained high operating cash flow and near-parity FCF-to-net-income signal durable earnings quality. Reliable cash generation funds capex, M&A integration, dividends and debt reduction, enabling strategic flexibility and reducing reliance on external financing over the next 2–6 months.
Negative Factors
Profitability volatility
Wide swings in reported profitability and reliance on nonrecurring items weaken predictability of sustainable margins. This historical volatility complicates forecasting cash flow durability and margin guidance, increasing execution risk for multi‑year plans and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained high operating cash flow and near-parity FCF-to-net-income signal durable earnings quality. Reliable cash generation funds capex, M&A integration, dividends and debt reduction, enabling strategic flexibility and reducing reliance on external financing over the next 2–6 months.
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
$22.07B
Dividend Yield2.4%
Average Volume (3M)6.80M
Price to Earnings (P/E)2.6
Beta (1Y)0.44
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. Volume9,214,619
30 Day Avg. Volume6,801,531
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 Cap1.18
Enterprise Value/Revenue2.24
Enterprise Value/Gross Profit5.95
Enterprise Value/Ebitda6.55
Forecast
1Y Price Target
$57.69Price Target Upside18.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)6.28
Revenue Forecast (FY)$13.80B
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 So...
How the Company Makes Money
FIS primarily makes money by selling and operating technology platforms and processing services for financial institutions and other businesses, earning revenue through a mix of recurring software/technology fees, transaction-based processing fees...
Fidelity National Info Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum and disciplined capital allocation anchored by recurring revenue growth, accelerating commercial performance (notably in Banking), material free cash flow improvement and a strategic M&A that expands the data and product footprint. Management acknowledged near-term dilution from acquisitions, integration costs (~$200M), TSA and reclassification impacts, and a temporary pause on buybacks. On balance the positives — revenue and earnings growth, robust cash generation, margin-expansion guidance, and an emphasized data/AI moat — materially outweigh the transitory headwinds.Positive Updates
Strong Full-Year Financial Performance
Adjusted revenue grew 5.8% to $10.7 billion for FY2025; adjusted EBITDA grew 4.7% for the year; adjusted EPS increased ~10% to $5.75 (10.2% reported by CFO). Free cash flow grew 19% to $1.6 billion and the Board increased the annual dividend by 10%.
Negative Updates
Full-Year Margin Headwinds and Dilution
Full-year adjusted margins contracted ~28 basis points; management cited a ~45 bps dilutive impact from acquisitions and a ~70 bps headwind from declining TSA income, partially offset by cost-saving programs (underlying margins would have risen ~90 bps absent those factors).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Financial Performance
Adjusted revenue grew 5.8% to $10.7 billion for FY2025; adjusted EBITDA grew 4.7% for the year; adjusted EPS increased ~10% to $5.75 (10.2% reported by CFO). Free cash flow grew 19% to $1.6 billion and the Board increased the annual dividend by 10%.
Read all positive updates
Company Guidance
The company guided 2026 adjusted results that reflect the recently closed issuer transaction: adjusted revenue is expected to grow 30–31% with adjusted EBITDA up 34–35% and EBITDA margins expanding 155–175 bps (including a 62‑bp benefit from Total Issuing Solutions); adjusted EPS is forecast to rise 8–10% to $6.22–$6.32 (the outlook reflects a $40M pretax / $0.07 EPS reduction from minor reclassifications), capex is expected around 8.5% of revenue, and free cash flow is targeted at over $2.0B (up 27–33% year‑over‑year) with a 90% cash conversion target and a multi‑year plan to double FCF to >$3B by 2028 (~25% CAGR). On a pro forma basis (including full year issuer pro forma), revenue is expected to grow 5.1–5.7% with pro forma EBITDA up 7.2–8.4% and pro forma margin expansion of 95–110 bps; specific segment and near‑term guidance includes banking pro forma growth of 5.0–5.5% (adjusted banking >40% due to acquisition), capital markets revenue 5.5–6.5% (including ~95 bps M&A), and first‑quarter adjusted revenue growth of 29–30% (pro forma 5.5–6.2%), Q1 adjusted EBITDA up 33–35% (pro forma EBITDA 7.1–8.4%), and Q1 adjusted EPS $1.26–$1.30 (up 4–7%). The company also highlighted margin build blocks: a ~40‑bp TSA headwind, 80–85 bps of net cost savings, $30–40M of year‑1 synergies (20–30 bps), and 55–65 bps from leverage/mix; buybacks are paused to prioritize deleveraging.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 | 3.98B | 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
46.48
Negative
51.00
Negative
58.41
Negative
Market Momentum
-1.17
Positive
44.08
Neutral
44.89
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 48.5 is above the 20-day moving average (MA) of 44.61, above the 50-day MA of 46.48, and below the 200-day MA of 58.41, indicating a bearish trend. The MACD of -1.17 indicates Positive momentum. The RSI at 44.08 is Neutral, neither overbought nor oversold. The STOCH value of 44.89 is Neutral, 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 | $9.93B | 23.14 | 24.03% | 1.25% | 8.44% | 21.74% | |
73 Outperform | $22.07B | 2.55 | 18.45% | 2.40% | 12.27% | 222.91% | |
72 Outperform | $17.26B | 17.10 | 40.06% | 1.63% | 8.19% | 40.01% | |
71 Outperform | $4.40B | 27.28 | 13.99% | ― | 7.06% | -22.01% | |
65 Neutral | $19.36B | -2.24 | -3.07% | 1.25% | -12.55% | -39.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $30.08B | 13.08 | 12.51% | ― | 1.87% | 3.79% |
* Technology Sector Average
FIS
Fidelity National Info
43.62
-32.75
-42.89%
ACIW
ACI Worldwide
42.52
-3.95
-8.50%
BR
Broadridge Financial Solutions
150.02
-83.95
-35.88%
FISV
Fiserv
55.82
-105.52
-65.40%
GPN
Global Payments
72.59
-2.19
-2.94%
JKHY
Jack Henry & Associates
139.56
-39.80
-22.19%
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...
Business Operations and StrategyPrivate Placements and Financing
Fidelity National Info Raises $6.8 Billion in Notes
Positive
Mar 11, 2026
On March 10, 2026, Fidelity National Information Services, Inc. completed a major U.S. dollar senior notes offering totaling $6.8 billion across fixed and floating rate tranches maturing between 2028 and 2031. The issuance, sold under an existing ...
Private Placements and Financing
Fidelity National Information Services Prices Multicurrency Senior Notes
Positive
Mar 9, 2026
On March 4, 2026, Fidelity National Information Services entered into an underwriting agreement with a syndicate of major investment banks for the issuance of $6.8 billion of U.S. dollar-denominated senior notes with maturities ranging from 2028 t...
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.