“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 ↗
Fidelity National Information Services, Inc.
FIS
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.
- Revenue increased 30.1% versus the comparable filing period.
- Operating margin fell 0.9 percentage points.
- 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.
Research brief
The story so far
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.
- Revenue increased 30.1% versus the comparable filing period.
- Net income increased 2972.7% versus the comparable filing period.
- Operating margin fell 0.9 percentage points.
- Gross margin fell 1.1 percentage points.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +5.4% year over year.
- Credit and interest rates has repeated favorable evidence across 4 filings.
- Net margin changed -10.7 percentage points in the latest annual period.
- 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.
Price as of Sep 10, 2026
38.52Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.