Fidelity National Information Services (NYSE:FIS) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Fidelity National Information Services (NYSE:FIS) posted its earnings results on Wednesday. The information technology services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.60 by $0.01, FiscalAI reports. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm’s revenue was up 27.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 earnings per share.

Here are the key takeaways from Fidelity National Information Services’ conference call:

• FIS reported third-quarter pro forma revenue growth of 3.7%, adjusted EPS growth of 6.6%, and 94 basis points of margin expansion. Year-to-date free cash flow rose 57% to $1.9 billion, and the company reaffirmed its full-year outlook of approximately $2.2 billion.
• FIS cut its 2026 revenue and earnings outlook, citing delayed client implementations, bank consolidation, lower demand for traditional licenses, and the prepaid-business divestiture. Full-year margin expansion is now expected at 20–30 basis points, and adjusted EPS growth at 1.2%–2.4%.
• The preliminary 2027 outlook points to revenue growth ranging from down 0.5% to up 1.0%, flat-to-down margins, and an adjusted EPS decline in the high-single- to low-double-digit range. Management attributed much of the pressure to lapping partnership revenue and unusually high bank termination fees, and expects these headwinds to largely fade in 2028.
• Management said demand remains strong, recurring ACV renewals are in the high 90s, and nearly all delayed client conversions are contractually secured and replanned. FIS is prioritizing subscription and SaaS sales, which it expects to support more durable recurring revenue over time.
• FIS plans continued investment in cybersecurity and resiliency, which management said will weigh on margins; it also expects higher-than-usual security spending and depreciation. CFO James Kehoe is leaving, with Alex Brooks serving as interim CFO while the board searches for a permanent successor.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $9.04 during trading hours on Wednesday, hitting $29.95. 28,132,822 shares of the company’s stock were exchanged, compared to its average volume of 6,154,454. The company has a market capitalization of $15.48 billion, a PE ratio of 4.55, a PEG ratio of 0.47 and a beta of 0.84. Fidelity National Information Services has a 12-month low of $29.15 and a 12-month high of $68.37. The business’s 50 day simple moving average is $36.91 and its 200-day simple moving average is $43.64. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 5.9%. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS reported Q3 adjusted earnings of $1.61 per share, slightly above the $1.60 consensus, while revenue of $3.45 billion also topped expectations of $3.43 billion. Earnings increased from $1.51 per share a year earlier. FIS Reports Third Quarter 2026 Results
• Negative Sentiment: FIS lowered its 2026 pro forma Banking Solutions revenue-growth outlook to 3.5%–4%, from 5%–5.5%. Delayed client conversions and bank consolidations are pushing out the timing of revenue, raising concerns about near-term growth. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: Several firms cut their ratings: William Blair and Oppenheimer moved from “outperform” to “market perform,” while JPMorgan downgraded FIS from “overweight” to “neutral.” JPMorgan set a $38 price target, above the cited share price, but the broadening downgrades may weigh on confidence.
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with Executive Vice President Alexandra Brooks named interim CFO. Kehoe will remain as an adviser through March 2027; the leadership transition adds uncertainty as investors assess the revised outlook. FIS Announces CFO Transition

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey Goldstein acquired 1,585 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. William Blair cut shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Fidelity National Information Services from an “overweight” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Wednesday. Bank of America began coverage on shares of Fidelity National Information Services in a research report on Thursday, October 15th. They set a “buy” rating and a $42.00 target price for the company. Finally, Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 10th. Ten investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.96.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.