Upside case
Bull case
$282+639.0%
FIS would need investors to value it at roughly 45x earnings — about 39x more generous than today's 6x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 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
$63
+64.6% vs today
Scenario Range
$135 – $282
Model bear to bull value window
Coverage
37
Published analyst ratings
Valuation Context
6.1x
Forward P/E · Market cap $19.7B
FIS price targets
Three scenarios for where FIS stock could go
Current
~$38
Confidence
47 / 100
Updated
Jun 18, 2026
Where we are now
Current · $38
Bear
$135
Base
$214
Bull
$282
Market caseClosest to today
Base case
$214+460.9%
At 34x 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
$135+253.3%
The bear case assumes sentiment or fundamentals disappoint enough to push FIS down roughly 253% from the current price.
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
$19.7B
Revenue TTM
$11.7B
Net Income TTM
$2.7B
Net Margin
22.9%
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
67%Exceptional
vs consensus estimates
Avg EPS Surprise
-1.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 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
Q2 2026
EPS
$1.36/$1.29
Revenue
$3.3B/$3.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| 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% |
| Q2 2026 | $1.36/$1.29 | +5.4% | $3.3B/$3.3B | +0.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$13.1B
+12.2% YoY
FY2
$14.4B
+10.4% YoY
EPS Outlook
FY1
$4.97
-3.9% YoY
FY2
$4.76
-4.1% YoY
Trailing FCF (TTM)$2.8B
FCF Margin: 23.9%
Next Earnings
August 4, 2026
Expected EPS
$1.47
Expected Revenue
$3.4B
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
Cheap versus peers
Fair value est. $90 — implies +134.3% from today's price.
Upside to Fair Value
134.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FIS
50.9x
vs
S&P 500
24.4x
+108% premium
vs Technology Trailing P/E
FIS
50.9x
vs
Technology
29.0x
+76% premium
vs FIS 5Y Avg P/E
Today
50.9x
vs
5Y Average
102.7x
50% discount
Forward PE
6.1x
S&P 500
18.8x
-68%
Technology
22.3x
-73%
5Y Avg
—
—
Trailing PE
50.9x
S&P 500
24.4x
+108%
Technology
29.0x
+76%
5Y Avg
102.7x
-50%
PEG Ratio
2.09x
S&P 500
1.66x
+26%
Technology
1.51x
+39%
5Y Avg
—
—
EV/EBITDA
6.4x
S&P 500
15.2x
-58%
Technology
16.6x
-62%
5Y Avg
14.6x
-57%
Price/FCF
7.0x
S&P 500
20.7x
-66%
Technology
19.2x
-63%
5Y Avg
14.7x
-52%
Price/Sales
1.8x
S&P 500
3.1x
-40%
Technology
2.4x
-24%
5Y Avg
4.1x
-55%
Dividend Yield
4.27%
S&P 500
1.91%
+123%
Technology
1.11%
+286%
5Y Avg
2.38%
+79%
| Metric | FIS | S&P 500 | Technology | 5Y Avg FIS |
|---|---|---|---|---|
| Forward PE | 6.1x | 18.8x-68% | 22.3x-73% | — |
| Trailing PE | 50.9x | 24.4x+108% | 29.0x+76% | 102.7x-50% |
| PEG Ratio | 2.09x | 1.66x+26% | 1.51x+39% | — |
| EV/EBITDA | 6.4x | 15.2x-58% | 16.6x-62% | 14.6x-57% |
| Price/FCF | 7.0x | 20.7x-66% | 19.2x-63% | 14.7x-52% |
| Price/Sales | 1.8x | 3.1x-40% | 2.4x-24% | 4.1x-55% |
| Dividend Yield | 4.27% | 1.91% | 1.11% | 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 23.9% margin — returns 11.5% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$11.7B
Revenue Growth
TTM vs prior year
+14.4%
Gross Margin
Gross profit as a share of revenue
37.6%
Operating Margin
Operating income divided by revenue
17.9%
Net Margin
Net income divided by revenue
22.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$5.17
Free Cash Flow (TTM)
Cash generation after capex
$2.8B
FCF Margin
FCF as share of revenue — the primary cash quality signal
23.9%
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
7.5%
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
18.4%
* Elevated by buyback-compressed equity — compare ROIC (6.0%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
11.5%
Dividend
4.3%
Buyback
7.2%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$1.4B
Dividend / Share
Annualized trailing dividend per share
$1.63
Payout Ratio
Share of earnings distributed as dividends
221.7%
Shares Outstanding
Declining as buybacks retire shares
517M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
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 June 18, 2026
High Risk
Stock Performance
FIS stock has shed roughly 25% of its value year-to-date, with a significant 43.17% maximum drawdown in early 2026.
Medium
Revenue Guidance
Despite reporting strong sales and net income, FIS faces pressure as it trades near its 52-week low, indicating market skepticism.
High Risk
Market Sentiment
The stock is under significant bearish pressure, with no single bad headline but broader market concerns driving the decline.
Medium
Debt Offering
FIS announced new senior unsecured note offerings, which could increase leverage and financial risk.
Lower
AI Product Progress
FIS highlighted progress in AI-enabled products, but this has not offset broader negative sentiment.
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 June 18, 2026
Strong revenue guidance
FIS issued 2026 revenue guidance of US$13.77 billion to US$13.85 billion, reflecting confidence in future growth.
AI product progress
FIS highlighted advancements in AI-enabled products, positioning the company for technological leadership and efficiency gains.
Strategic business reshuffle
The company reshaped its business mix by selling its Worldpay stake and acquiring Global Payments' issuer solutions arm, optimizing its portfolio.
Analyst price target upside
Wall Street consensus suggests a 59.2% upside potential from the current stock price, based on 37 analyst estimates.
Operational performance
FIS reported strong Q4 2025 sales of US$2,812 million and net income of US$511 million, demonstrating solid execution.
Debt financing flexibility
FIS announced new senior unsecured note offerings, enhancing liquidity and financial flexibility for growth initiatives.
Market leadership in fintech
FIS's competitive positioning in the Technology sector and financial services industry supports long-term growth prospects.
Upgraded earnings guidance
The company lifted its 2025 revenue and earnings guidance, signaling improved operational performance and profitability.
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
$38.21
52W Range Position
1%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$37.85
+1.0% from the low
52-Week High
$82.74
-53.8% from the high
1 Month
-11.90%
3 Month
-22.35%
YTD
-41.8%
1 Year
-52.5%
3Y CAGR
-11.2%
5Y CAGR
-23.3%
10Y CAGR
-6.3%
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
6.1x
vs 6.6x median
-7% below peer median
Revenue Growth
+12.2%
vs +6.1% median
+100% above peer median
Net Margin
22.9%
vs 15.0% median
+52% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FIS FIS Fidelity National Information Services, Inc. | $19.7B | 6.1x | +12.2% | 22.9% | Buy | +64.6% |
JKH JKHY Jack Henry & Associates, Inc. | $9.1B | 18.4x | +6.1% | 20.6% | Buy | +53.5% |
BR BR Broadridge Financial Solutions, Inc. | $16.1B | 14.4x | +5.9% | 15.0% | Buy | +58.1% |
WEX WEX WEX Inc. | $4.4B | 6.6x | +6.9% | 11.5% | Hold | +37.3% |
GPN GPN Global Payments Inc. | $15.8B | 4.8x | +19.3% | -8.0% | Buy | +30.8% |
FIS FISV Fiserv, Inc. | $25.6B | 5.9x | +3.8% | 15.2% | Buy | +48.7% |
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 capital mainly through $1.4B/year in buybacks (7.2% buyback yield), with a modest 4.27% dividend — combining for 11.5% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
11.5%
Dividend + buyback return per year
Buyback Yield
7.2%
Dividend Yield
4.27%
Payout Ratio
2.2%
How FIS Splits Its Return
Div 4.27%
Buyback 7.2%
Dividend 4.27%Buybacks 7.2%
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
$1.4B
Estimated Shares Retired
37M
Approx. Share Reduction
7.2%
Shares Outstanding
Current diluted share count from the screening snapshot
517M
At 7.2%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.88 | — | — | — |
| 2025 | $1.60 | +11.1% | 4.1% | 6.6% |
| 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 $63, implying +64.6% from the current price of $38. The bear case scenario is $135 and the bull case is $282.
02What is the FIS stock price target for 2026?
The Wall Street consensus price target for FIS is $63 based on 37 analyst estimates. The high-end target is $85 (+122.5% from today), and the low-end target is $45 (+17.8%). The base case model target is $214.
03Is Fidelity National Information Services, Inc. (FIS) stock overvalued in 2026?
FIS trades at 6.1x 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 cheap versus peers. 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) Stock Performance — FIS stock has shed roughly 25% of its value year-to-date, with a significant 43. (2) Market Sentiment — The stock is under significant bearish pressure, with no single bad headline but broader market concerns driving the decline. (3) Revenue Guidance — Despite reporting strong sales and net income, FIS faces pressure as it trades near its 52-week low, indicating market skepticism. 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 $13.1B (+12.2% year-over-year) and EPS of $4.97 (-3.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $14.4B 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 2026-08-04. Consensus expects EPS of $1.47 and revenue of $3.4B. 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 23.9%. FIS returns capital to shareholders through dividends (4.3% yield) and share repurchases ($1.4B TTM).