Fidelity National Information Services (NYSE:FIS – Get Free Report) released its earnings results on Friday. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08, FiscalAI reports. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services updated its FY 2026 guidance to 6.220-6.320 EPS and its Q2 2026 guidance to 1.450-1.490 EPS.
Here are the key takeaways from Fidelity National Information Services’ conference call:
- FIS exceeded guidance with 6.5% pro forma revenue growth, adjusted EBITDA margin of 39.6% (up 87 bps), adjusted EPS of $1.36 (+12.4% YoY), and free cash flow of $474M (up 111%), which management says puts the company ahead on its full‑year targets.
- Commercial momentum is strong — recurring ACV grew 24% YoY (banking +13%, Capital Markets +45%), with Money Movement Hub ACV tripling and notable growth in lending and digital, which management views as a leading indicator of durable recurring revenue.
- Strategic growth initiatives include a co‑build partnership with Anthropic to create bank‑grade AI agents (FIS will own the agents/infrastructure) and Project Keystone for tokenized deposits, but management said no material revenue is included in the 2026 guide and commercialization is expected to ramp in H2‑2026 with revenue primarily in 2027.
- Leverage remains elevated at about 3.6x total debt of $21B; management targets de‑leveraging toward ~2.8x before meaningfully increasing capital returns, so balance‑sheet risk persists despite strong cash generation and a $2.1B FY cash‑flow guide.
Fidelity National Information Services Stock Down 7.9%
FIS traded down $3.74 during trading hours on Friday, hitting $43.51. 11,319,298 shares of the company’s stock were exchanged, compared to its average volume of 5,597,340. The firm has a market cap of $22.49 billion, a P/E ratio of 59.60, a price-to-earnings-growth ratio of 0.45 and a beta of 0.82. Fidelity National Information Services has a 12-month low of $43.28 and a 12-month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $48.06 and a 200 day moving average of $57.04.
Fidelity National Information Services Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages recently commented on FIS. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Stephens reduced their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Citigroup lowered their price target on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Wolfe Research cut their price objective on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.10.
Fidelity National Information Services News Roundup
Here are the key news stories impacting Fidelity National Information Services this week:
- Positive Sentiment: FIS beat first-quarter expectations, reporting adjusted EPS of $1.36 versus $1.28 expected and revenue of about $3.29 billion versus $3.28 billion expected. Management said Banking Solutions revenue surged 45%, margins expanded, and cash flow generation remained strong. Article FIS Reports First Quarter 2026 Results and Reiterates Full-Year Outlook
- Positive Sentiment: The company reiterated its full-year 2026 outlook and said it expects about $2.1 billion in free cash flow this year, with a longer-term goal of more than $3 billion by 2028 as it expands AI-driven offerings and partnerships. Article FIS reiterates 2026 outlook for $2.1B free cash flow while targeting >$3B by 2028 through Anthropic AI agents rollout
- Neutral Sentiment: FIS also reaffirmed full-year 2026 guidance of $6.22-$6.32 in adjusted EPS and $13.8-$13.9 billion in revenue, which is broadly in line with Wall Street expectations. Article FIS Tops Q1 Earnings on Banking Solutions Growth, Margin Expansion
- Negative Sentiment: The stock may be under pressure because second-quarter EPS guidance of $1.45-$1.49 only meets or slightly trails consensus, leaving limited room for an upside surprise near term. Article FIS Tops Q1 Earnings on Banking Solutions Growth, Margin Expansion
Insider Activity at Fidelity National Information Services
In related news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the transaction, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Fidelity National Information Services
A number of large investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services in the fourth quarter valued at $42,000. DV Equities LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth approximately $48,000. Geneos Wealth Management Inc. boosted its holdings in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $127,000. Finally, Los Angeles Capital Management LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth approximately $148,000. 96.23% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Company Profile
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
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