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Fidelity National Info
(NYSE:FIS)
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Rating:70Outperform
Price Target:
$40.00
▼(-1.16% Downside)
Action:Reiterated
Date:08/05/26
The score is primarily driven by improved current profitability and strong cash generation, reinforced by attractive valuation (low P/E and a solid dividend). The main constraints are higher leverage and a history of earnings volatility, plus mixed near-term outlook from the earnings call due to Capital Markets execution issues and lowered revenue guidance; technicals are supportive short-term but still below the 200-day trend.
Positive Factors
Banking and Payments growth
Growth in Banking and Payments, alongside higher recurring revenue, supports a durable base of contracted and usage-linked income. Stronger EBITDA and margin expansion indicate that scale, mix improvement, cost savings, and integration benefits can continue strengthening profitability.
Negative Factors
Capital Markets execution weakness
The Capital Markets rebase signals that segment growth and execution are weaker than previously expected. A limited near-term reacceleration could restrain consolidated revenue, reduce operating leverage, and require management attention before this business resumes a stronger contribution.
Read all positive and negative factors
Positive Factors
Negative Factors
Banking and Payments growth
Growth in Banking and Payments, alongside higher recurring revenue, supports a durable base of contracted and usage-linked income. Stronger EBITDA and margin expansion indicate that scale, mix improvement, cost savings, and integration benefits can continue strengthening profitability.
Read all positive factors
Fidelity National Info Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyFidelity National Info (FIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.57B
Dividend Yield4.78%
Average Volume (3M)6.17M
Price to Earnings (P/E)5.5
Beta (1Y)0.44
Revenue Growth18.26%
EPS Growth2280.55%
CountryUS
Employees44,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)6.53
Shares Outstanding515,705,930
10 Day Avg. Volume6,261,588
30 Day Avg. Volume6,174,839
Financial Highlights & Ratios
PEG Ratio-1.88
Price to Book (P/B)2.47
Price to Sales (P/S)3.22
P/FCF Ratio12.23
Enterprise Value/Market Cap2.19
Enterprise Value/Revenue3.33
Enterprise Value/Gross Profit9.25
Enterprise Value/Ebitda9.35
Forecast
1Y Price Target
$46.39Price Target Upside14.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)6.2
Revenue Forecast (FY)$13.66B
Fidelity National Info Business Overview & Revenue Model
Company Description
Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide. The company operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. It provide...
How the Company Makes Money
FIS primarily makes money by charging recurring fees for technology platforms and processing services used by financial institutions and businesses. A major revenue stream is long-term, contract-based payments and banking technology services, wher...
Fidelity National Info Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly constructive picture: strong top-line and margin performance driven by Banking and Payments, a substantial improvement in free cash flow, successful integration and commercial traction from the Total Issuing Solutions acquisition, and early tangible AI-driven productivity gains. These positives were tempered by execution issues in Capital Markets—notably weaker professional services sales and slower backlog conversion—plus a rebase of Capital Markets guidance and a modest cut to company revenue guidance. Management has clear mitigation plans (strategic review, operational actions) and raised cash flow guidance, but near-term Capital Markets headwinds remain the principal negative.Positive Updates
Revenue and Earnings Growth
Total revenue of $3.4B, up 5.3% on a pro forma basis; adjusted EBITDA up 7.4% with margin expansion of 113 basis points; adjusted EPS grew ~8.8%–9%, toward the high end of the range.
Negative Updates
Capital Markets Underperformance and Guidance Reduction
Capital Markets revenue grew only 3.2% in the quarter. Full-year Capital Markets revenue growth guidance reduced to 3.0%–3.5% (a 225-basis-point reduction vs prior 5.5% outlook) with the company rebasing the segment outlook to reflect H1 trends and only modest reacceleration expected in Q4.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Earnings Growth
Total revenue of $3.4B, up 5.3% on a pro forma basis; adjusted EBITDA up 7.4% with margin expansion of 113 basis points; adjusted EPS grew ~8.8%–9%, toward the high end of the range.
Read all positive updates
Company Guidance
Management updated 2026 guidance: full‑year adjusted revenue growth was lowered to 4.5–5.0% (from 5.1–5.7%), Banking guidance was reiterated while Capital Markets was rebased to 3.0–3.5% (a 225 bp cut, including ~120 bp from lower professional services), and full‑year adjusted EBITDA margin expansion is now expected at 85–105 bps (vs prior 95–110). Adjusted EPS is guided to grow 7.0–8.5% for the year, free cash flow was increased by $100M to $2.15–2.25B (~$2.2B midpoint, ~+36% YoY at midpoint) after Q2 FCF of $525M and ~ $1.0B YTD (trailing 12‑month FCF $2.2B), leverage is down to 3.5x, and non‑GAAP one‑time cash costs were reduced by $70M to a $730M midpoint. Near‑term (Q3) guidance calls for pro forma revenue growth of 2.9–3.7% (Banking 3–4% as M&A contribution drops ~100 bps; Capital Markets 2.5–3% with ~105 bps M&A), company EBITDA margin expansion of 80–100 bps, and Q3 adjusted EPS growth of 4.6–7.3%; management also reiterated TSYS/Total Issuing synergy targets (> $150M EBITDA benefit by 2028, $125M cost synergies/$45M revenue synergies) and a path to > $3B FCF by 2028.Fidelity National Info Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.20B | 10.68B | 10.13B | 9.83B | 9.72B | 13.88B |
| Gross Profit | 4.39B | 3.94B | 3.80B | 3.66B | 3.50B | 5.20B |
| EBITDA | 4.34B | 2.90B | 3.38B | 2.90B | 2.88B | 5.02B |
| Net Income | 3.37B | 382.00M | 1.45B | -6.66B | -16.72B | 417.00M |
Balance Sheet | ||||||
| Total Assets | 44.11B | 33.49B | 33.78B | 54.97B | 63.28B | 82.93B |
| Cash, Cash Equivalents and Short-Term Investments | 744.00M | 599.00M | 834.00M | 440.00M | 456.00M | 2.01B |
| Total Debt | 21.26B | 13.33B | 11.54B | 19.34B | 20.41B | 20.88B |
| Total Liabilities | 28.07B | 19.59B | 18.08B | 35.92B | 35.87B | 35.40B |
| Stockholders Equity | 16.04B | 13.90B | 15.70B | 19.05B | 27.22B | 47.35B |
Cash Flow | ||||||
| Free Cash Flow | 2.71B | 2.81B | 1.97B | 4.22B | 3.67B | 3.56B |
| Operating Cash Flow | 3.09B | 2.96B | 2.07B | 4.33B | 3.94B | 4.81B |
| Investing Cash Flow | -9.51B | -3.19B | 8.14B | -1.52B | -373.00M | -1.77B |
| Financing Cash Flow | 6.63B | -1.18B | -12.62B | -3.32B | -2.57B | -2.54B |
Fidelity National Info Technical Analysis
Neutral
40.47
Price Trends
37.77
Negative
39.22
Negative
44.30
Negative
Market Momentum
-0.61
Negative
52.88
Neutral
83.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIS, the sentiment is Neutral. The current price of 40.47 is above the 20-day moving average (MA) of 34.38, above the 50-day MA of 37.77, and below the 200-day MA of 44.30, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 83.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIS.
Fidelity National Info Risk Analysis
Fidelity National Info disclosed 32 risk factors in its most recent earnings report. Fidelity National Info reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fidelity National Info Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $19.77B | 18.07 | 40.25% | 2.29% | 8.53% | 35.29% | |
81 Outperform | $10.74B | 21.95 | 23.49% | 1.57% | 6.66% | 11.84% | |
70 Outperform | $18.57B | 5.51 | 22.57% | 4.78% | 18.26% | 2280.55% | |
70 Outperform | $5.33B | 24.00 | 15.06% | ― | 7.03% | -8.05% | |
67 Neutral | $25.29B | 9.11 | 10.77% | 0.49% | -1.17% | -13.24% | |
65 Neutral | $22.14B | -21.45 | -4.14% | 1.20% | 7.48% | -43.97% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
FIS
Fidelity National Info
36.01
-29.43
-44.97%
ACIW
ACI Worldwide
52.80
3.79
7.73%
BR
Broadridge Financial Solutions
175.11
-50.41
-22.35%
FISV
Fiserv
47.55
-76.59
-61.70%
GPN
Global Payments
83.67
-2.23
-2.59%
JKHY
Jack Henry & Associates
153.19
0.44
0.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.