Fidelity National Information Services, Inc. (FIS) 10-Year Financial Performance & Capital Metrics

FIS • • Industrial / General

TechnologyIT ServicesPayment Processing & Financial TechnologyPayment Processing Leaders

AboutFidelity National Information Services, Inc. provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions. The Banking Solutions segment provides core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail payment solutions; wealth and retirement solutions; and item processing and output services. The Capital Market Solutions segment offers securities processing and finance, global trading, asset management and insurance, and corporate liquidity solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.Show more

Revenue $10.13B +3.0%
EBITDA $3.45B -3.5%
Net Income $1.45B +121.8%
EPS (Diluted) 1.42 +112.6%
Gross Margin 37.56% +1.0%
EBITDA Margin 34.03% -6.3%
Operating Margin 16.88% -18.8%
Net Margin 14.32% +121.2%
ROE 8.34% +129.1%
ROIC 3.98% +10.9%
Debt/Equity 0.74 -27.6%
Interest Coverage 4.87 +70.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 37.2%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 19.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.3%
✓Share count reduced 6.1% through buybacks

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.67%

5Y-0.4%

3Y-9.97%

TTM6.39%

Profit (Net Income) CAGR

10Y7.88%

5Y37.22%

3Y51.5%

TTM-89.28%

EPS CAGR

10Y-4.91%

5Y16.54%

3Y28.36%

TTM-89.31%

ROCE

10Y Avg5.17%

5Y Avg3.72%

3Y Avg4.49%

Latest5.3%

Peer Comparison

Payment Processing Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PAYPaymentus Holdings, Inc.	1.63B	29.31	83.74	41.86%	5.29%	11.06%	3.88%	0.02
FISFidelity National Information Services, Inc.	32.86B	63.45	44.68	3.01%	1.42%	1.1%	6.01%	0.74
PSFEPaysafe Limited	443.61M	7.72	21.44	6.48%	-7.35%	-17.42%	30.05%	2.74
FISVFiserv, Inc.	35.92B	66.78	12.41	7.14%	17.05%	14.35%	14.09%	0.90

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.6B	9.24B	8.67B	8.42B	10.33B	12.55B	13.88B	9.72B	9.83B	10.13B
Revenue Growth %	0.03%	0.4%	-0.06%	-0.03%	0.23%	0.21%	0.11%	-0.3%	0.01%	0.03%
Cost of Goods Sold+	4.39B	6.23B	5.79B	5.57B	6.61B	8.35B	8.68B	6.22B	6.17B	6.32B
COGS % of Revenue	0.67%	0.67%	0.67%	0.66%	0.64%	0.67%	0.63%	0.64%	0.63%	0.62%
Gross Profit+	2.2B	3.01B	2.87B	2.85B	3.72B	4.2B	5.2B	3.5B	3.66B	3.8B
Gross Margin %	0.33%	0.33%	0.33%	0.34%	0.36%	0.33%	0.37%	0.36%	0.37%	0.38%
Gross Profit Growth %	0.06%	0.37%	-0.04%	-0.01%	0.3%	0.13%	0.24%	-0.33%	0.04%	0.04%
Operating Expenses+	931M	1.43B	1.26B	1.15B	1.96B	2.66B	3.09B	1.6B	1.61B	2.1B
OpEx % of Revenue	0.14%	0.15%	0.15%	0.14%	0.19%	0.21%	0.22%	0.16%	0.16%	0.21%
Selling, General & Admin	931M	1.43B	1.26B	1.15B	1.96B	2.66B	3.09B	1.6B	1.61B	2.19B
SG&A % of Revenue	0.14%	0.15%	0.15%	0.14%	0.19%	0.21%	0.22%	0.16%	0.16%	0.22%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	-90M
Operating Income+	1.27B	1.58B	1.61B	1.71B	1.76B	1.55B	2.1B	1.9B	2.04B	1.71B
Operating Margin %	0.19%	0.17%	0.19%	0.2%	0.17%	0.12%	0.15%	0.2%	0.21%	0.17%
Operating Income Growth %	-0.02%	0.24%	0.02%	0.06%	0.03%	-0.12%	0.36%	-0.1%	0.07%	-0.16%
EBITDA+	1.94B	2.75B	2.98B	3.13B	4.2B	5.26B	6.12B	3.54B	3.57B	3.45B
EBITDA Margin %	0.29%	0.3%	0.34%	0.37%	0.41%	0.42%	0.44%	0.36%	0.36%	0.34%
EBITDA Growth %	0.01%	0.42%	0.08%	0.05%	0.34%	0.25%	0.16%	-0.42%	0.01%	-0.04%
D&A (Non-Cash Add-back)	669M	1.17B	1.37B	1.42B	2.44B	3.71B	4.02B	1.64B	1.53B	1.74B
EBIT	1.23B	1.3B	1.33B	1.42B	800M	605M	1B	1.24B	1.38B	1.65B
Net Interest Income+	-179M	-374M	-336M	-296M	-335M	-334M	-214M	-281M	-621M	-250M
Interest Income	16M	20M	22M	17M	52M	5M	2M	17M	92M	101M
Interest Expense	195M	394M	358M	313M	387M	339M	216M	298M	713M	351M
Other Income/Expense	-233M	-673M	-637M	-620M	-1.36B	-1.29B	-1.31B	-961M	-1.38B	-557M
Pretax Income+	1.04B	906M	973M	1.09B	403M	260M	795M	941M	662M	1.15B
Pretax Margin %	0.16%	0.1%	0.11%	0.13%	0.04%	0.02%	0.06%	0.1%	0.07%	0.11%
Income Tax+	379M	317M	-321M	208M	100M	96M	371M	325M	157M	362M
Effective Tax Rate %	0.61%	0.63%	1.3%	0.78%	0.74%	0.61%	0.52%	-17.77%	-10.05%	1.26%
Net Income+	632M	568M	1.26B	846M	298M	158M	417M	-16.72B	-6.66B	1.45B
Net Margin %	0.1%	0.06%	0.15%	0.1%	0.03%	0.01%	0.03%	-1.72%	-0.68%	0.14%
Net Income Growth %	-0.07%	-0.1%	1.22%	-0.33%	-0.65%	-0.47%	1.64%	-41.1%	0.6%	1.22%
Net Income (Continuing)	658M	589M	1.29B	881M	303M	164M	424M	616M	505M	790M
Discontinued Operations	-7M	1M	0	0	0	0	0	-17.32B	-7.15B	663M
Minority Interest	86M	104M	109M	7M	16M	187M	185M	188M	6M	2M
EPS (Diluted)+	2.19	1.72	3.75	2.55	0.66	0.25	0.67	-27.68	-11.26	1.42
EPS Growth %	-0.07%	-0.21%	1.18%	-0.32%	-0.74%	-0.62%	1.66%	-42.22%	0.59%	1.13%
EPS (Basic)	2.22	1.74	3.82	2.58	0.67	0.26	0.68	-27.68	-11.26	1.42
Diluted Shares Outstanding	289M	330M	336M	332M	451M	627M	621M	604M	591M	555M
Basic Shares Outstanding	285M	326M	330M	328M	445M	619M	616M	604M	591M	553M
Dividend Payout Ratio	0.48%	0.6%	0.31%	0.5%	2.2%	5.49%	2.3%	-	-	0.55%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.51B	4.28B	3.69B	3.73B	8.69B	9.9B	10.71B	12.82B	13.66B	5.19B
Cash & Short-Term Investments	682M	683M	665M	703M	1.15B	1.96B	2.01B	456M	440M	834M
Cash Only	682M	683M	665M	703M	1.15B	1.96B	2.01B	456M	440M	834M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.09B	1.88B	2.09B	2.04B	4.35B	3.63B	5.34B	2.42B	2B	2.25B
Days Sales Outstanding	115.65	74.22	88.13	88.49	153.66	105.59	140.56	91.03	74.29	80.95
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	366M	1.2B	253M	288M	308M	3.91B	2.82B	9.5B	10.75B	1.75B
Total Non-Current Assets+	22.69B	21.75B	20.84B	20.04B	75.11B	73.94B	72.22B	50.46B	41.32B	28.6B
Property, Plant & Equipment	611M	626M	610M	587M	1.46B	1.42B	1.41B	960M	909M	876M
Fixed Asset Turnover	10.80x	14.76x	14.21x	14.35x	7.06x	8.83x	9.83x	10.12x	10.82x	11.56x
Goodwill	14.74B	14.18B	13.73B	13.54B	52.24B	53.27B	53.33B	16.82B	16.97B	17.26B
Intangible Assets	6.74B	6.27B	5.61B	4.93B	19B	17.3B	14.84B	4.52B	3.94B	3.84B
Long-Term Investments	0	0	0	0	0	81M	358M	281M	195M	4.05B
Other Non-Current Assets	592M	673M	885M	978M	2.41B	1.88B	2.29B	27.88B	19.3B	2.57B
Total Assets+	26.2B	26.03B	24.53B	23.77B	83.81B	83.84B	82.93B	63.28B	54.97B	33.78B
Asset Turnover	0.25x	0.36x	0.35x	0.35x	0.12x	0.15x	0.17x	0.15x	0.18x	0.30x
Asset Growth %	0.8%	-0.01%	-0.06%	-0.03%	2.53%	0%	-0.01%	-0.24%	-0.13%	-0.39%
Total Current Liabilities+	2.36B	3.15B	4.01B	3.13B	10.38B	12.36B	14.47B	16.22B	18.23B	6.09B
Accounts Payable	564M	512M	776M	687M	1.39B	1.58B	1.83B	623M	110M	214M
Days Payables Outstanding	46.84	29.98	48.89	45.03	76.53	68.91	76.89	36.58	6.5	12.35
Short-Term Debt	15M	332M	1.04B	315M	2.96B	4.06B	5.53B	5.88B	6.11B	1.6B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	279M	0	0	0	0	0	7.37B	8.88B	1.09B
Current Ratio	1.48x	1.36x	0.92x	1.19x	0.84x	0.80x	0.74x	0.79x	0.75x	0.85x
Quick Ratio	1.48x	1.36x	0.92x	1.19x	0.84x	0.80x	0.74x	0.79x	0.75x	0.85x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	14.43B	13.04B	9.7B	10.42B	23.97B	21.99B	20.93B	19.65B	17.69B	11.99B
Long-Term Debt	11.43B	10.15B	7.72B	8.67B	17.23B	15.95B	14.82B	14.21B	12.97B	9.69B
Capital Lease Obligations	0	0	0	0	466M	453M	378M	219M	178M	177M
Deferred Tax Liabilities	2.66B	2.48B	1.47B	1.36B	4.28B	4.02B	4.19B	2.69B	2.18B	863M
Other Non-Current Liabilities	312M	386M	403M	326M	1.94B	1.51B	1.36B	2.37B	2.21B	1.15B
Total Liabilities	16.79B	16.19B	13.71B	13.55B	34.35B	34.35B	35.4B	35.87B	35.92B	18.08B
Total Debt+	11.44B	10.48B	8.76B	8.98B	20.79B	20.62B	20.88B	20.41B	19.34B	11.54B
Net Debt	10.76B	9.79B	8.1B	8.28B	19.64B	18.66B	18.87B	19.95B	18.9B	10.71B
Debt / Equity	1.22x	1.06x	0.81x	0.88x	0.42x	0.42x	0.44x	0.74x	1.01x	0.74x
Debt / EBITDA	5.90x	3.81x	2.94x	2.87x	4.94x	3.92x	3.41x	5.77x	5.41x	3.35x
Net Debt / EBITDA	5.55x	3.56x	2.72x	2.65x	4.67x	3.55x	3.08x	5.64x	5.29x	3.11x
Interest Coverage	6.51x	4.01x	4.50x	5.46x	4.55x	4.56x	9.73x	6.38x	2.86x	4.87x
Total Equity+	9.41B	9.85B	10.82B	10.22B	49.46B	49.49B	47.53B	27.41B	19.06B	15.7B
Equity Growth %	0.41%	0.05%	0.1%	-0.06%	3.84%	0%	-0.04%	-0.42%	-0.3%	-0.18%
Book Value per Share	32.55	29.83	32.20	30.79	109.66	78.93	76.54	45.37	32.24	28.29
Total Shareholders' Equity	9.32B	9.74B	10.71B	10.21B	49.44B	49.3B	47.35B	27.22B	19.05B	15.7B
Common Stock	4M	4M	4M	4M	6M	6M	6M	6M	6M	6M
Retained Earnings	3.07B	3.3B	4.11B	4.53B	4.16B	3.44B	2.89B	-14.97B	-22.91B	-22.26B
Treasury Stock	-3.69B	-3.61B	-3.6B	-4.69B	-52M	-150M	-2.27B	-4.19B	-4.72B	-8.82B
Accumulated OCI	-279M	-331M	-332M	-430M	-33M	57M	252M	-360M	-260M	-364M
Minority Interest	86M	104M	109M	7M	16M	187M	185M	188M	6M	2M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.13B	1.93B	1.74B	1.99B	2.41B	4.44B	4.81B	3.94B	4.33B	2.07B
Operating CF Margin %	0.17%	0.21%	0.2%	0.24%	0.23%	0.35%	0.35%	0.41%	0.44%	0.2%
Operating CF Growth %	-0.03%	0.7%	-0.1%	0.14%	0.21%	0.84%	0.08%	-0.18%	0.1%	-0.52%
Net Income	651M	547M	1.29B	881M	303M	164M	424M	604M	498M	787M
Depreciation & Amortization	669M	1.15B	1.37B	1.42B	2.44B	3.71B	4.01B	1.64B	1.53B	1.74B
Stock-Based Compensation	98M	137M	107M	84M	402M	283M	383M	189M	120M	186M
Deferred Taxes	48M	-190M	-985M	-116M	-109M	-206M	-81M	-544M	-415M	-204M
Other Non-Cash Items	-163M	-15M	153M	163M	221M	176M	533M	2.61B	2.72B	352M
Working Capital Changes	-172M	293M	-194M	-439M	-851M	311M	-464M	-557M	-115M	-787M
Change in Receivables	-103M	61M	-170M	58M	-161M	-75M	-552M	-155M	341M	-178M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	29M	95M	115M	-162M	-74M	217M	391M	88M	91M	72M
Cash from Investing+	-1.9B	-619M	690M	-668M	-7.5B	-914M	-1.77B	-373M	-1.52B	8.14B
Capital Expenditures	-133M	-145M	-145M	-127M	-200M	-263M	-320M	-1.39B	-780M	-817M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.14%	0.08%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-45M	-474M	-472M	-525M	-718M	-734M	-1.03B	241M	-394M	-205M
Cash from Financing+	1.01B	-1.31B	-2.48B	-1.24B	7.58B	-2.75B	-2.54B	-2.57B	-3.32B	-12.62B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-305M	-341M	-385M	-421M	-656M	-868M	-961M	-1.14B	-1.23B	-800M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-15M	76M	132M	217M	10M	-399M	-96M	-456M	-248M	-22M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	716M	1.31B	1.13B	1.37B	1.58B	3.31B	3.56B	3.67B	4.22B	1.97B
FCF Margin %	0.11%	0.14%	0.13%	0.16%	0.15%	0.26%	0.26%	0.38%	0.43%	0.19%
FCF Growth %	-0.1%	0.83%	-0.14%	0.22%	0.15%	1.09%	0.07%	0.03%	0.15%	-0.53%
FCF per Share	2.48	3.97	3.36	4.13	3.51	5.28	5.73	6.08	7.14	3.56
FCF Conversion (FCF/Net Income)	1.79x	3.39x	1.38x	2.36x	8.09x	28.11x	11.53x	-0.24x	-0.65x	1.43x
Interest Paid	142M	351M	354M	298M	332M	428M	491M	417M	696M	396M
Taxes Paid	355M	341M	545M	503M	321M	282M	440M	963M	402M	488M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.85%	5.9%	12.2%	8.04%	1%	0.32%	0.86%	-44.62%	-28.65%	8.34%
Return on Invested Capital (ROIC)	6.06%	5.95%	6.26%	6.85%	3.01%	1.69%	2.34%	2.51%	3.59%	3.98%
Gross Margin	33.37%	32.55%	33.16%	33.88%	36.03%	33.49%	37.44%	36.04%	37.19%	37.56%
Net Margin	9.58%	6.15%	14.55%	10.04%	2.88%	1.26%	3%	-172.03%	-67.69%	14.32%
Debt / Equity	1.22x	1.06x	0.81x	0.88x	0.42x	0.42x	0.44x	0.74x	1.01x	0.74x
Interest Coverage	6.51x	4.01x	4.50x	5.46x	4.55x	4.56x	9.73x	6.38x	2.86x	4.87x
FCF Conversion	1.79x	3.39x	1.38x	2.36x	8.09x	28.11x	11.53x	-0.24x	-0.65x	1.43x
Revenue Growth	2.84%	40.1%	-6.2%	-2.83%	22.68%	21.47%	10.56%	-29.96%	1.15%	3.01%

Revenue by Segment

	2013	2016	2017	2018	2019	2020	2021	2022	2023	2024
Banking Solutions	-	-	-	-	5.87B	5.94B	6.4B	6.71B	6.73B	6.89B
Banking Solutions Growth	-	-	-	-	-	1.21%	7.60%	4.85%	0.40%	2.36%
Capital Market Solutions	-	-	-	-	2.45B	2.44B	2.62B	2.76B	2.77B	2.98B
Capital Market Solutions Growth	-	-	-	-	-	-0.29%	7.54%	5.30%	0.11%	7.70%
Merchant Solutions	-	-	-	-	2.01B	3.77B	4.5B	4.77B	-	-
Merchant Solutions Growth	-	-	-	-	-	87.13%	19.35%	6.16%	-	-
Global Financial Solutions	-	4.25B	4.14B	1B	-	-	-	-	-	-
Global Financial Solutions Growth	-	-	-2.64%	-75.81%	-	-	-	-	-	-
Integrated Financial Solutions	-	4.57B	4.63B	375M	-	-	-	-	-	-
Integrated Financial Solutions Growth	-	-	1.40%	-91.90%	-	-	-	-	-	-
Corporate and Other	-2.5M	-	-	1M	-	-	-	-	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Payment Solutions	2.45B	-	-	-	-	-	-	-	-	-
Payment Solutions Growth	-	-	-	-	-	-	-	-	-	-
Financial Solutions	2.34B	-	-	-	-	-	-	-	-	-
Financial Solutions Growth	-	-	-	-	-	-	-	-	-	-
International Solutions	1.27B	-	-	-	-	-	-	-	-	-
International Solutions Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2013	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	-	-	-	6.28B	7.86B	9.55B	10.33B	10.98B	7.68B	7.85B
North America Growth	-	-	-	-	25.08%	21.53%	8.19%	6.23%	-30.03%	2.19%
Non-North America	-	-	-	2.14B	2.47B	3B	3.54B	3.55B	2.14B	2.28B
Non-North America Growth	-	-	-	-	15.61%	21.30%	18.09%	0.20%	-39.74%	6.45%

Frequently Asked Questions

Valuation & Price

Fidelity National Information Services, Inc. (FIS) has a price-to-earnings (P/E) ratio of 44.7x. This suggests investors expect higher future growth.

Growth & Financials

Fidelity National Information Services, Inc. (FIS) reported $10.68B in revenue for fiscal year 2024. This represents a 86% increase from $5.75B in 2011.

Fidelity National Information Services, Inc. (FIS) grew revenue by 3.0% over the past year. Growth has been modest.

Yes, Fidelity National Information Services, Inc. (FIS) is profitable, generating $152.0M in net income for fiscal year 2024 (14.3% net margin).

Dividend & Returns

Yes, Fidelity National Information Services, Inc. (FIS) pays a dividend with a yield of 2.27%. This makes it attractive for income-focused investors.

Fidelity National Information Services, Inc. (FIS) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Fidelity National Information Services, Inc. (FIS) generated $2.00B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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