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Fidelity National Information Services, Inc.

FIS

Technology · 38.52 +1.1% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Fidelity National Information Services, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

What changed
  • Revenue increased 30.1% versus the comparable filing period.
  • Operating margin fell 0.9 percentage points.
Company+1.1% todayVolume comparison unavailable
Market group0 of 21 activeInformation Technology Services · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • FIS says net interest expense rose with $7.7 billion of additional acquisition borrowings, making financing cost a current part of the deal's operating profile.

Invalidation: The isolated read changes if FIS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Information Technology Services

The latest filing evidence is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 30.1% versus the comparable filing period.
  • Net income increased 2972.7% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 0.9 percentage points.
  • Gross margin fell 1.1 percentage points.
What would clarify the read
  • FIS says net interest expense rose with $7.7 billion of additional acquisition borrowings, making financing cost a current part of the deal's operating profile.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements102
Verified relationships13
Evidence supporting the case
  • Latest annual revenue changed +5.4% year over year.
  • Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Net margin changed -10.7 percentage points in the latest annual period.
Questions before a position
  • P/E is 160% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 29% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

38.52
6m-23.2%12m-43.9%24m-53.3%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$9.3B-25.6%$0.67-1.0%
2022-12-31$9.7B+4.1%$-27.74-2.7%
2023-12-31$9.8B+1.1%$-11.26-2.2%
2024-12-31$10.1B+3.0%$2.61-6.1%
2025-12-31$10.7B+5.4%$0.73-5.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
Total Other Income (Expense), Net Three months ended June 30, Six months ended June 30, $ % $ % 2026 2025 Change Change 2026 2025 Change Change Other income (expense): (In millions) (In millions) Interest expense, net $ (200) $ (110) $ (90) 82 % $ (397) $ (19…
10-Q · Aug 4, 2026
Restructuring and cost reductionsmixed · 4 filings
Asset impairments for the six months ended June 30, 2026, were primarily related to software impairment charges, which were driven by the rationalization of certain software assets following a strategic realignment.
10-Q · Aug 4, 2026
Legal and regulatory exposuremixed · 2 filings
The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and other customary closing conditions.
10-Q · Nov 5, 2025
Foreign exchangenegative · 1 filings
Changes in swap fair values attributable to excluded components, such as changes in fair value due to forward foreign currency exchange rates and cross-currency basis spreads, are recorded in Accumulated other comprehensive earnings (loss) ("AOCI").
10-K · Feb 24, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.9× · EV/sales 2.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.52+1.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FIS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-05-08 against the comparable filing from 2025-05-06.

constructive
OperationsconstructiveEvidence score +2
liquidityneutralEvidence score 0
valuationpremium

What improved

  • Revenue increased 30.1% versus the comparable filing period.
  • Net income increased 2972.7% versus the comparable filing period.

What weakened

  • Operating margin fell 0.9 percentage points.
  • Gross margin fell 1.1 percentage points.

Filing receipts

Consolidated Results of Operations - Comparisons of three-month periods ended March 31, 2026 and 2025 Three months ended March 31, $ % 2026 2025 Change Change (In millions) Revenue $ 3,295 $ 2,532 $ 763 30 % Cost of revenue (2,187) (1,653) (534) 32 Gross profit 1,108 879 229 26 Gross profit margin 34 % 35 % Selling, general and administrative expenses (605) (558) (47) 8 Asset impairments (104) (2) (102) NM Other operating (income) expense, net (including related party transactions of $0 and $28 million) (24) (28) 4 (14) Operating income $ 423 $ 347 76 22 Operating margin 13 % 14 % NM = Not meaningful Revenue Revenue for the three months ended March 31, 2026, increased primarily due to the r...

Excluding the impact of the Issuer Solutions Business, Adjusted EBITDA increased year over year primarily due to the revenue increases noted above, favorable revenue mix, and the impact of continued cost management.

Cost of Revenue, Gross Profit and Gross Profit Margin Cost of revenue for the three months ended March 31, 2026, increased primarily due to the expenses associated with the Issuer Solutions Business.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind FIS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

GPNGlobal Payments Inc.customerNov 5, 2025

As consideration for the Issuer Solutions Acquisition, FIS has agreed to sell to Global Payments all of its equity interests in Worldpay for a pre-tax value of $6.6 billion, net of transaction fees and other costs, and to pay the remainder of the purchase pri…

GPNGlobal Payments Inc.partnerMay 8, 2026

On April 17, 2025, FIS entered into definitive agreements to (i) buy the Issuer Solutions business (the "Issuer Solutions Business") from Global Payments Inc.

Depended on by

HRBH&R Block, Inc.supplierAug 15, 2025

A few examples of this type of reliance include: our relationships with Fidelity National Information Services, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 12 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FIS is currently a Follower in the organic co-movement group Information Technology Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.