What is Fidelity National's gross profit margin?

What guidance did Fidelity National's management provide for the next earnings period?

What factors drove the changes in Fidelity National's revenue and profit?

What is the revenue and EPS growth rate for Fidelity National year over year?

What is Fidelity National's latest dividend and current dividend yield?

Did Fidelity National beat or miss consensus estimates last quarter?

What were the key takeaways from Fidelity National’s earnings call?

What does Fidelity National do and what are its main business segments?

- **Revenue Growth**: 5.8% in 2025, Q4 Banking Solutions up 8.3% YoY, driven by AI and recurring sales.
- **AI Acceleration**: 4x investment in data/AI, with AI enhancing fraud detection and operational efficiency.
- **Free Cash Flow**: Target $3 billion by 2028 (2025: $1.6B), 2026 >$2B with 27-33% growth.
- **Margin Expansion**: 155-175 bps in 2026, fueled by AI, cost savings, and issuing synergies.
- **Strategic Wins**: 30% of issuing revenue renewed in 2025, Q4 Digital Solutions up 123% YoY.

**【CEO Summary Section】**
- FIS delivered 5.8% adjusted revenue growth in 2025, exceeding expectations, with Q4 Banking Solutions revenue up 8.3% YoY.
- AI adoption is accelerating across fraud detection, deposit growth, and operational efficiency, with 4x investment in data and AI transformation.
- Recurring ACV sales grew 20% YoY in Q4, with Digital Solutions up 123%, Payments up 70%, and Lending up 2% for the year.
- The Total Issuing Solutions acquisition adds $45 million in annual cost synergies and $125 million in revenue synergies, with 30% of issuing revenue renewed in 2025.
- Free cash flow target of $3 billion by 2028, up from $1.6 billion in 2025, driven by cost optimization and capital intensity reduction to 8%.

**【CFO Financial Commentary】**
- 2025 GAAP net income: $420 million; Non-GAAP EPS: $5.75 (10.2% YoY growth).
- 2026 outlook: 30-31% adjusted revenue growth, 34-35% EBITDA growth, and 8-10% EPS growth to $6.22-$6.32.
- 2026 free cash flow: >$2 billion (27-33% YoY growth), with 90% cash conversion target.
- Margins: 155-175 bps expansion driven by AI, cost savings, and issuing synergies.

**【Q&A Key Highlights】**
- **AI Strategy**: FIS views AI as a strategic accelerant, leveraging proprietary data to enhance fraud detection, deposit growth, and operational efficiency. Banks are prioritizing AI to reduce back-office costs and improve fraud models.
- **Capital Markets Shift**: Recurring revenue growth (mid- to high-single digits) outpaces nonrecurring (13.7% YoY in Q4), with 71% of CM revenue recurring in 2025 vs. 68% in 2020.
- **Issuer Business**: 30% of issuing revenue renewed in 2025, with no large renewals in 2026. Synergies from Total Issuing Solutions include $40 million in pretax savings.
- **Free Cash Flow Growth**: 2026 target of >$2 billion, driven by reduced integration costs and operating leverage.
- **Bank M&A**: FIS expects to gain share in 2026, with 170 announced deals in 2025 and FIS on the winning side of most transactions.

Fidelity National Information Services, Inc. (FIS) Q4 2025 Earnings Call Transcript

- **Revenue Beat**: Q3 2025 adjusted revenue grew 6.3% YoY, exceeding expectations, with Banking (+6.2%) and Capital Markets (+6.4%) both outperforming.
- **Margin Expansion**: EBITDA margins expanded 50 bps to 41.8%, with 60+ bps further expansion expected in 2026.
- **AI-Driven Growth**: AI initiatives boosted ACV by 13% YoY, with 7 new deals from the Amount acquisition.
- **Free Cash Flow Target**: Full-year free cash flow conversion raised to >85%, with 90%+ by 2026.
- **Credit Issuer Deal**: $500 million+ free cash flow contribution from Q1 2026 credit issuer acquisition, adding 1 billion accounts.
- **Banking Momentum**: 3-4% organic Banking growth expected, supported by digital and payments innovation.


**【Management Opening Remarks】**
- FIS provided a comprehensive overview of Q3 2025 results, emphasizing non-GAAP metrics and forward-looking statements. The presentation highlighted adjusted EBITDA, net earnings, and free cash flow metrics, with reconciliations available in the earnings release.

**【CEO Summary Section】**
- **Revenue Growth**: Adjusted revenue increased 6.3% YoY to $2.7 billion, driven by strong recurring revenue and M&A contributions. The Banking segment grew 6.2%, exceeding expectations, while Capital Markets expanded 6.4%.
- **Profitability**: Adjusted EBITDA margins expanded 50 basis points to 41.8%, with both segments showing margin improvement. Adjusted EPS rose 7.9% to $1.51, reflecting operational efficiency.
- **Strategic Initiatives**: The Future Forward strategy focused on AI-driven sales (13% ACV growth YoY) and client retention (3% improvement). The acquisition of Amount added 7 new deals, enhancing digital onboarding capabilities.
- **Market Momentum**: Bank technology spending remains robust, with 75% of surveyed banks actively adopting AI. The credit issuer solutions acquisition, expected to close in Q1 2026, will add 1 billion accounts and $500 million in free cash flow by 2026.

**【CFO Financial Commentary】**
- **Cash Flow Performance**: Free cash flow reached $800 million (142% conversion), with full-year guidance raised to >85%. GAAP cash flow is expected to align with adjusted metrics, targeting 90%+ conversion by 2026.
- **Margin Expansion**: CFO highlighted 60+ basis points of margin expansion in 2026, driven by cost-saving programs and higher-margin recurring revenue. M&A dilution is expected to reverse, with the credit issuer deal contributing $700 million in free cash flow post-integration.
- **Financial Guidance Update**: Full-year revenue outlook raised by $65 million, with EBITDA and EPS guidance tightened. Capital expenditures remain disciplined at 7.9% of revenue.

**【Q&A Highlights】**
- **Banking Growth**: CEO expressed confidence in 3-4% organic Banking growth, driven by digital and payments. M&A in 2026 will focus on accretive deals, with no tuck-in acquisitions.
- **AI and Innovation**: AI is reshaping sales (13% ACV growth) and client retention (200 bps margin improvement). The credit issuer acquisition will enhance data capabilities, supporting AI-driven solutions.
- **Pricing Environment**: Rational pricing persists, with net pricing contributing 60 bps YoY. The NICE network remains stable, with 40 new clients signed in Q3.
- **Digital Assets**: FIS is enabling tokenized deposits and blockchain transactions via partnerships (e.g., Circle), while avoiding direct digital asset issuance.
- **Risk Management**: Fraud detection AI processes billions of transactions daily, reducing risk exposure.


Fidelity National Information Services, Inc. (FIS) Q3 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q2 revenue up 5% to $2.6B, driven by Banking (6%) and Capital Markets (5%).
- **Strategic Acquisitions Pay Off**: Issuer business and Everlink add $20-25M annual contribution, enhancing payments capabilities.
- **AI Innovation Leads**: TreasuryGPT upgrades, Banker Assist AI launch in Q4, and digital asset payments expansion with Circle.
- **Client Momentum Strong**: Major banking consolidation wins, Digital One adoption, and treasury solutions growth.
- **Q3 Outlook Confident**: Banking 3-3.5% growth, Capital Markets 5.5-6.5%, with margin expansion in both segments.

**【CEO Summary Section】**
- **Strong Q2 Results**: Revenue grew 5% to $2.6 billion, driven by Banking (6% growth) and Capital Markets (5%). Adjusted EBITDA margin improved 200 basis points sequentially.
- **Strategic Acquisitions**: Completed acquisition of Global Payments Issuer business and Everlink, enhancing payments capabilities. Free cash flow generation improved, with $460M returned to shareholders in Q2.
- **Product Innovation**: Launched Money Movement Hub with Circle for digital asset payments and TreasuryGPT upgrades. Banker Assist AI solution set for Q4 launch.
- **Client Wins**: Secured major banking consolidation deals, Digital One adoption by top U.S. and Asian banks, and treasury solutions for energy and European banks.

**【CFO Financial Commentary】**
- **Revenue & Profitability**: Adjusted EPS of $1.36 met expectations. Free cash flow $292M (52% conversion rate), with full-year target of 82-85%.
- **Segment Performance**: Banking EBITDA margin contracted 70bps due to bad debt charge; Capital Markets margin down 50bps from prior year acquisition. Q3 outlook: Banking 3-3.5% growth, Capital Markets 5.5-6.5%.
- **Acquisition Impact**: Issuer deal adds $20-25M annual contribution. Non-GAAP cash expenses increased by $120M for acquisition-related costs, but no impact on capital return targets.

**【Q&A Key Highlights】**
- **Banking Growth Drivers**: Commercial excellence (new sales, retention) and recurring revenue mix shift. Q2 had 100bps pull-forward from Q3, but 2026 pipeline strong.
- **Capital Markets Recovery**: Lending activity rebounded in July, offsetting Q2 slowdown. Full-year Capital Markets recurring growth expected to accelerate.
- **AI & Digital Assets**: Banker Assist AI and digital asset payments (USDC) gaining traction. Clients prioritize not being left behind in digital currency adoption.
- **Tax & Cash Flow**: Higher 2025 tax payments (23pt headwind) but no impact on 12% effective tax rate. Full-year free cash flow target maintained.


Fidelity National Information Services, Inc. (FIS) Q2 2025 Earnings Call Transcript

- **Revenue Beat & Strategic Wins**: Q1 adj. revenue +4% YoY, driven by 4% recurring growth. Signed 3 delayed clients, with no macro impact. 
- **$12.6B Portfolio Transformation**: Sold Worldpay stake ($6.6B) and acquired Issuer Solutions ($12B), replacing non-core assets with 35%+ banking revenue boost. 
- **Cash Flow Surge**: Q1 FCF $368M (71% conversion vs. 18% last year), targeting 82-85% FY25. 
- **Banking Acceleration**: 150bps FY25 growth from 2024 core wins (12% YoY) and 95%+ retention. 
- **Capital Markets Strength**: Q1 non-recurring revenue +47%, driving 9% segment growth. 
- **EPS Guidance**: $1.34-1.38 FY25, constrained by Worldpay EMI lapping but offset by Issuer Solutions accretion.

**【CEO Strategic Update】**
- Q1 2025 adjusted revenue grew 4% YoY, exceeding expectations, driven by 4% recurring revenue growth (vs. 2% Q4 2024). 
- Signed 3 delayed client implementations on track, with no macro-related impacts. 
- Acquired Issuer Solutions ($12B net EV) and sold 45% Worldpay stake ($6.6B pre-tax), replacing non-core assets with high-margin, recurring revenue streams. 
- Q1 adjusted EPS of $1.21 (+11% YoY) at top of guidance, with $670M returned to shareholders (shares buybacks + dividends). 
- Reaffirmed FY25 outlook: 4-5% adj. revenue growth, 11-13% total shareholder return.

**【CFO Financial Highlights】**
- Q1 adj. EBITDA: $958M (37.8% margin), near high end of guidance. 
- Free cash flow: $368M (71% conversion), vs. $95M last year. 
- Capital markets segment grew 9% YoY, driven by 47% non-recurring revenue surge. 
- FY25 adj. EPS guidance: $1.34-1.38, with 0-3% growth constrained by Worldpay EMI lapping and interest income rollover. 
- Q2 adj. revenue growth: 4.2-5.0%, with banking segment acceleration (3.7-4.4% YoY).

**【Key Q&A Takeaways】**
- **Issuer Solutions Synergies**: $125M cost savings (vendor rationalization, back office optimization) to be realized over 2-3 years; 80bps margin boost to banking segment. 
- **Cash Flow Optimization**: Working capital initiatives drove 71% Q1 FCF vs. 18% last year; targeting 82-85% FY25 conversion. 
- **Banking Growth Drivers**: 150bps FY25 acceleration from 2024 core wins (12% YoY growth) and 95%+ retention rates. 
- **Capital Markets Momentum**: 6-6.7% Q2 growth, supported by 47% non-recurring revenue jump in Q1. 
- **Worldpay Transition**: EMI performance stable, with Global Payments benefiting from TSYS' 25-year client tenure and 81% recurring revenue mix.

Fidelity National Information Services (FIS)-6 May 25-2025 Q1 Earnings call transcript

- **Revenue Beat**: 2024 revenue +4%, driven by 70% digital growth and 10% Amplify cross-sales. 2025 ACV sales +9%.
- **Margin Expansion**: 64 bps margin gain in 2024, targeting 40-45 bps in 2025.
- **Major Wins**: $20B+ bank migration, record core banking wins, and Dragonfly acquisition boost.
- **2025 Outlook**: EPS +9-11%, $2B capital return, 82-85% cash flow conversion.
- **Q1 Execution**: Banking growth 2.5-3.5% (headwinds from 200 bps nonrecurring), accelerating to 4%+ in Q2+.


**【CEO Strategic Update】**
- **Revenue Growth**: 2024 revenue grew 4%, driven by 70% year-over-year growth in digital solutions and 10% increase in Amplify cross-sales. 2025 outlook includes 9%+ ACV sales growth.
- **Margin Expansion**: Achieved 64 bps margin expansion in 2024, targeting 40-45 bps in 2025 through cost control and higher-margin solutions.
- **Key Wins**: Signed major deals with Centennial Bank (IBS platform + B1 Studio), NatWest (payments/lending), and a leading digital brokerage via Torstone acquisition.
- **CFO Financial Highlights**:
  - **Q4 Results**: Adjusted revenue +4%, EBITDA margin +100 bps YoY to 29.6%, EPS +49% to $1.08 (exceeding expectations).
  - **2025 Outlook**: Revenue $10.4-10.5B (+4.6-5.2%), EPS +9-11%, free cash flow conversion 82-85%.
  - **Capital Allocation**: $2B capital return ($1.2B buybacks, $800M+ dividends), $1B+ for M&A.
  - **Segment Growth**: Capital Markets +7%, Banking +3.7-4.4% (driven by 150 bps from 2024 ACV sales).
  - **Worldpay EMI**: $550M contribution in 2025 (vs $140M in 2024).

**【Q&A Key Themes】**
- **Revenue Cadence**: Q1 2025 Banking growth 2.5-3.5% (impacted by 200 bps nonrecurring headwinds), accelerating to 4%+ in Q2+. 
- **Digital Momentum**: Dragonfly acquisition adds 60 bps growth, digital sales up 70% YoY.
- **Cash Flow Improvement**: Targeting 82-85% conversion vs 77% in 2024 through better AR/AP management.
- **Client Retention**: 80%+ of 2025 ACV sales already signed, reducing execution risk.
- **Outage Impact**: Minimal impact from Q1 system outage, resolved quickly with no data loss.


Fidelity National Information Services (FIS)-11 Feb 25-2024 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-4 Nov 24-2024 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-6 Aug 24-2024 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-6 May 24-2024 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-26 Feb 24-2023 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-7 Nov 23-2023 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-2 Aug 23-2023 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-27 Apr 23-2023 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-13 Feb 23-2022 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-3 Nov 22-2022 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-4 Aug 22-2022 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-3 May 22-2022 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-15 Feb 22-2021 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-4 Nov 21-2021 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-3 Aug 21-2021 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-6 May 21-2021 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-9 Feb 21-2020 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-30 Oct 20-2020 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-4 Aug 20-2020 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-7 May 20-2020 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-13 Feb 20-2019 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-5 Nov 19-2019 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-6 Aug 19-2019 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-30 Apr 19-2019 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-12 Feb 19-2018 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-30 Oct 18-2018 Q3 Earnings call transcript

Fidelity National Information Services (FIS)-31 Jul 18-2018 Q2 Earnings call transcript

Fidelity National Information Services (FIS)-1 May 18-2018 Q1 Earnings call transcript

Fidelity National Information Services (FIS)-6 Feb 18-2017 Q4 Earnings call transcript

Fidelity National Information Services (FIS)-31 Oct 17-2017 Q3 Earnings call transcript

Actual																	1.28	1.15	1.42	1.62	1.3	1.61	1.73	1.92	1.47	1.73	1.74	1.71	1.29	1.55	0.94	0.94	1.1	1.36	1.4	1.4	1.21	1.36	1.51	1.68
Forecast																	1.2749	1.095	1.4118	1.5574	1.2468	1.5524	1.6814	1.8958	1.4558	1.7116	1.75	1.699	1.2054	1.4784	1.5842	1.1881	0.9639	1.2317	1.2939	1.3591	1.1972	1.3607	1.4845	1.6883
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+0.40%	+5.02%	+0.58%	+4.02%	+4.27%	+3.71%	+2.89%	+1.28%	+0.98%	+1.08%	-0.57%	+0.65%	+7.02%	+4.84%	-40.66%	-20.88%	+14.12%	+10.42%	+8.20%	+3.01%	+1.07%	-0.05%	+1.72%	-0.49%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	3.08B	2.96B	3.20B	3.32B	3.22B	3.48B	3.51B	3.67B	3.49B	3.72B	3.60B	3.71B	3.51B	3.75B	2.49B	2.51B	2.47B	2.49B	2.57B	2.60B	2.53B	2.62B	2.72B	2.81B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	3.13B	2.87B	3.18B	3.35B	3.16B	3.39B	3.52B	3.71B	3.44B	3.67B	3.61B	3.69B	3.41B	3.71B	3.66B	2.53B	2.44B	2.49B	2.56B	2.63B	2.51B	2.58B	2.66B	2.74B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.67%	+3.19%	+0.39%	-0.94%	+1.94%	+2.38%	-0.30%	-1.07%	+1.63%	+1.42%	-0.07%	+0.63%	+2.92%	+1.00%	-31.92%	-0.60%	+0.93%	+0.16%	+0.30%	-1.23%	+0.88%	+1.33%	+1.99%	+2.49%

FIS

FIS fundamentals

FIS Q4 2025 Earnings

Earnings Call

You can ask Aime

FIS

FIS fundamentals

FIS Q4 2025 Earnings

Earnings Call

FIS Earnings Call Summary for Q4/20258:30 AM on Feb 24, 2026

FIS Earnings Call Summary for Q3/20258:30 AM on Nov 5, 2025

FIS Earnings Call Summary for Q2/20258:30 AM on Aug 5, 2025

FIS Earnings Call Summary for Q1/20258:30 AM on May 6, 2025

FIS Earnings Call Summary for Q4/20248:30 AM on Feb 11, 2025

You can ask Aime