Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing FIS more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Fidelity National Information Services, Inc. (FIS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
37
analysts
22 bullish · 1 bearish · 37 covering FIS
Strong Buy
1
Buy
21
Hold
14
Sell
1
Strong Sell
0
Consensus Target
$67
+44.6% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
37
Published analyst ratings
Valuation Context
7.4x
Forward P/E · Market cap $24.1B
FIS price targets
Three scenarios for where FIS stock could go
Current
~$47
Confidence
51 / 100
Updated
May 1, 2026
Where we are now
Current · $47
Base
$252
Market caseClosest to today
Base case
$252+441.5%
At 40x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Fidelity National Information Services, Inc.
FIS · NYSETechnologyInformation Technology ServicesDecember year-end
Fidelity National Information Services (FIS) is a global financial technology company that provides payment processing, banking software, and capital markets infrastructure. It generates revenue through three main segments: Merchant Solutions (payment processing for businesses), Banking Solutions (core banking software and digital services), and Capital Market Solutions (trading and securities processing). The company's competitive advantage lies in its massive scale, deep integration with financial institutions worldwide, and comprehensive suite of mission-critical financial technology solutions that create high switching costs for clients.
Market Cap
$24.1B
Revenue TTM
$10.9B
Net Income TTM
$382M
Net Margin
3.5%
FIS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
58%Exceptional
vs consensus estimates
Avg EPS Surprise
-0.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 3 of 4Q2 2025
EPS
$1.21/$1.20
Revenue
$2.5B/$2.5B
Q3 2025
EPS
$1.36/$1.36
Revenue
$2.6B/$2.6B
Q4 2025
EPS
$1.51/$1.48
Revenue
$2.9B/$2.7B
Q1 2026
EPS
$1.68/$1.69
Revenue
$2.8B/$2.7B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $1.21/$1.20 | +0.8% | $2.5B/$2.5B | +0.9% |
| Q3 2025 | $1.36/$1.36 | +0.0% | $2.6B/$2.6B | +1.3% |
| Q4 2025 | $1.51/$1.48 | +2.0% | $2.9B/$2.7B | +10.2% |
| Q1 2026 | $1.68/$1.69 | -0.6% | $2.8B/$2.7B | +2.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$12.5B
+14.7% YoY
FY2
$12.7B
+1.7% YoY
EPS Outlook
FY1
$3.85
+423.6% YoY
FY2
$4.06
+5.4% YoY
Trailing FCF (TTM)$2.8B
FCF Margin: 26.1%
Next Earnings
May 8, 2026
Expected EPS
$1.28
Expected Revenue
$3.2B
FIS beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
FIS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $10.5B
Product Mix
Latest annual revenue by segment or product family
Banking Solutions
69.5%
+5.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
North America
77.8%
+5.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Banking Solutions is the largest disclosed segment at 69.5% of FY 2025 revenue, up 5.7% YoY.
North America is the largest reported region at 77.8%, up 5.8% YoY.
FIS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $76 — implies +64.0% from today's price.
Upside to Fair Value
64.0%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FIS
62.1x
vs
S&P 500
25.1x
+147% premium
vs Technology Trailing P/E
FIS
62.1x
vs
Technology
26.7x
+132% premium
vs FIS 5Y Avg P/E
Today
62.1x
vs
5Y Average
102.7x
39% discount
Forward PE
7.4x
S&P 500
19.1x
-61%
Technology
22.1x
-66%
5Y Avg
—
—
Trailing PE
62.1x
S&P 500
25.1x
+147%
Technology
26.7x
+132%
5Y Avg
102.7x
-39%
PEG Ratio
2.55x
S&P 500
1.72x
+49%
Technology
1.52x
+67%
5Y Avg
—
—
EV/EBITDA
7.6x
S&P 500
15.2x
-50%
Technology
17.5x
-57%
5Y Avg
14.6x
-48%
Price/FCF
9.8x
S&P 500
21.1x
-53%
Technology
19.5x
-50%
5Y Avg
15.1x
-35%
Price/Sales
2.3x
S&P 500
3.1x
-28%
Technology
2.4x
-7%
5Y Avg
4.1x
-45%
Dividend Yield
3.50%
S&P 500
1.87%
+87%
Technology
1.16%
+202%
5Y Avg
2.38%
+47%
| Metric | FIS | S&P 500 | Technology | 5Y Avg FIS |
|---|---|---|---|---|
| Forward PE | 7.4x | 19.1x-61% | 22.1x-66% | — |
| Trailing PE | 62.1x | 25.1x+147% | 26.7x+132% | 102.7x-39% |
| PEG Ratio | 2.55x | 1.72x+49% | 1.52x+67% | — |
| EV/EBITDA | 7.6x | 15.2x-50% | 17.5x-57% | 14.6x-48% |
| Price/FCF | 9.8x | 21.1x-53% | 19.5x-50% | 15.1x-35% |
| Price/Sales | 2.3x | 3.1x-28% | 2.4x | 4.1x-45% |
| Dividend Yield | 3.50% | 1.87% | 1.16% | 2.38% |
FIS trades above S&P 500 benchmarks on 2 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolFIS Financial Health
Verdict
Strong
FIS generates $2.8B in free cash flow at a 26.1% margin — returns 3.5% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$10.9B
Revenue Growth
TTM vs prior year
+7.6%
Gross Margin
Gross profit as a share of revenue
38.1%
Operating Margin
Operating income divided by revenue
17.5%
Net Margin
Net income divided by revenue
3.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.74
Free Cash Flow (TTM)
Cash generation after capex
$2.8B
FCF Margin
FCF as share of revenue — the primary cash quality signal
26.1%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.0%
ROA
Return on assets, trailing twelve months
1.1%
Cash & Equivalents
Liquid assets on the balance sheet
$599M
Net Debt
Total debt minus cash
$3.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.2× FCF
~1.2 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
2.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.5%
Dividend
3.5%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$1.63
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
519M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageFIS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
High Debt Levels
FIS carries a substantial amount of debt, with net debt reported at $12.7 billion. This high level of debt raises concerns about the company's ability to generate sufficient free cash flow to manage and reduce this financial risk.
High Risk
Cybersecurity Threats
With increasing reliance on technology, FIS faces significant cybersecurity threats, including ransomware and data breaches. Such incidents can lead to substantial financial losses and damage to the company's reputation.
High Risk
Intense Competition
FIS operates in a highly competitive financial technology sector, facing pressure from both established players and agile fintech startups. This intense competition necessitates continuous innovation and competitive pricing to maintain market share.
Medium
Macroeconomic Weaknesses
The company is exposed to macroeconomic factors, including interest rate movements and geopolitical volatility, which can negatively impact client spending and overall market conditions. These factors can lead to reduced revenues and profitability.
Medium
Acquisition Integration Risks
Integrating newly acquired businesses, such as the Issuer Solutions deal, presents challenges for FIS. Investors are looking for evidence that these acquisitions will enhance growth without introducing excessive integration risks.
Medium
Regulatory Compliance Challenges
Navigating evolving regulatory requirements is a constant challenge for financial institutions like FIS. Non-compliance can result in significant fines and operational disruptions.
Lower
Client Retention Risks
While FIS benefits from high client retention due to the difficulty of switching core banking systems, it must continue to innovate to prevent clients from migrating to newer platforms. Failure to do so could impact long-term revenue.
Lower
Valuation Concerns
FIS's current P/E ratio is significantly higher than its peers and historical averages, suggesting potential overvaluation. If the company fails to meet growth expectations, it may face a valuation correction.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why FIS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Significant Undervaluation
FIS is perceived as significantly undervalued, trading below its estimated fair value and near its 52-week low. Analysts suggest the stock trades at a deep discount to its intrinsic value, with a forward P/E ratio indicating strong future earnings recovery.
Strategic Acquisitions and Integration
The company has made strategic acquisitions, including the TSYS integration and Global Payments' Issuer Solutions business. Successful execution of these integrations is expected to unlock significant free cash flow and realize synergies.
Strong Revenue Growth
FIS reported an 8.2% year-over-year revenue growth, supported by a recurring revenue base that constitutes 78% of its business. The expanded product suite from acquisitions creates cross-selling opportunities, potentially increasing revenue per customer.
Projected Margin Expansion
Analysts anticipate margin expansion as integration costs decrease and synergies are realized. Free cash flow is projected to reach substantial levels by 2028, driven by these factors.
Insider Confidence in Leadership
CEO Stephanie Ferris has made significant insider purchases, signaling confidence in the company's future prospects. Additionally, FIS has consistently maintained its dividend payments, demonstrating a commitment to shareholder returns.
Emerging AI Technologies
The development of AI-driven products is expected to enhance long-term revenue growth and margin expansion, positioning FIS favorably in the evolving technology landscape.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
FIS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$46.61
52W Range Position
8%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$43.30
+7.6% from the low
52-Week High
$82.74
-43.7% from the high
1 Month
-0.15%
3 Month
-8.28%
YTD
-29.0%
1 Year
-40.5%
3Y CAGR
-5.8%
5Y CAGR
-20.7%
10Y CAGR
-4.0%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
FIS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
7.4x
vs 7.6x median
-2% below peer median
Revenue Growth
+14.7%
vs +5.5% median
+167% above peer median
Net Margin
3.5%
vs 15.2% median
-77% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FIS FIS Fidelity National Information Services, Inc. | $24.1B | 7.4x | +14.7% | 3.5% | Buy | +44.6% |
JKH JKHY Jack Henry & Associates, Inc. | $10.8B | 22.3x | +6.2% | 20.6% | Buy | +36.4% |
BR BR Broadridge Financial Solutions, Inc. | $17.8B | 16.0x | +5.5% | 15.0% | Buy | +57.5% |
WEX WEX WEX Inc. | $5.1B | 7.6x | +4.6% | 11.5% | Hold | +20.7% |
GPN GPN Global Payments Inc. | $16.4B | 5.1x | +26.9% | 16.9% | Buy | +27.3% |
FIS FISV Fiserv, Inc. | $30.6B | 7.1x | -1.6% | 15.2% | Buy | +30.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FIS Dividend and Capital Return
FIS returns 3.5% total yield, led by a 3.50% dividend.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
3.5%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
3.50%
Payout Ratio
—
How FIS Splits Its Return
Div 3.50%
Dividend 3.50%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.63
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
-5.2%
5Y Div CAGR
2.7%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
519M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.44 | — | — | — |
| 2025 | $1.60 | +11.1% | 0.0% | 2.5% |
| 2024 | $1.44 | -30.8% | 9.0% | 10.8% |
| 2023 | $2.08 | +10.6% | 1.5% | 4.9% |
| 2022 | $1.88 | +20.5% | 4.7% | 7.5% |
FAQ
7 questionsFIS Investor Questions
Common questions answered from live analyst data and company financials.
01Is Fidelity National Information Services, Inc. (FIS) stock a buy or sell in 2026?
Fidelity National Information Services, Inc. (FIS) is rated Buy by Wall Street analysts as of 2026. Of 37 analysts covering the stock, 22 rate it Buy or Strong Buy, 14 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $67, implying +44.6% from the current price of $47.
02What is the FIS stock price target for 2026?
The Wall Street consensus price target for FIS is $67 based on 37 analyst estimates. The high-end target is $85 (+82.4% from today), and the low-end target is $50 (+7.3%). The base case model target is $252.
03Is Fidelity National Information Services, Inc. (FIS) stock overvalued in 2026?
FIS trades at 7.4x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Fidelity National Information Services, Inc. (FIS) stock in 2026?
The primary risks for FIS in 2026 are: (1) High Debt Levels — FIS carries a substantial amount of debt, with net debt reported at $12. (2) Cybersecurity Threats — With increasing reliance on technology, FIS faces significant cybersecurity threats, including ransomware and data breaches. (3) Intense Competition — FIS operates in a highly competitive financial technology sector, facing pressure from both established players and agile fintech startups. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Fidelity National Information Services, Inc.'s revenue and earnings forecast?
Analyst consensus estimates FIS will report consensus revenue of $12.5B (+14.7% year-over-year) and EPS of $3.85 (+423.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $12.7B in revenue.
06When does Fidelity National Information Services, Inc. (FIS) report its next earnings?
Fidelity National Information Services, Inc. is expected to report its next earnings on approximately 2026-05-08. Consensus expects EPS of $1.28 and revenue of $3.2B. Over recent quarters, FIS has beaten EPS estimates 67% of the time.
07How much free cash flow does Fidelity National Information Services, Inc. generate?
Fidelity National Information Services, Inc. (FIS) generated $2.8B in free cash flow over the trailing twelve months — a free cash flow margin of 26.1%. FIS returns capital to shareholders through dividends (3.5% yield) and share repurchases ($0 TTM).