NYSE: FIS
Fidelity National Information Services
Financials · Services-Business Services, NEC
52-week range
$32.10$68.37
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$20.1B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $24.9B |
| FY2017, ended Dec 31, 2017 | $31.2B |
| FY2018, ended Dec 31, 2018 | $33.1B |
| FY2019, ended Dec 31, 2019 | $85.7B |
| FY2020, ended Dec 31, 2020 | $87.9B |
| FY2021, ended Dec 31, 2021 | $66.5B |
| FY2022, ended Dec 31, 2022 | $40.2B |
| FY2023, ended Dec 31, 2023 | $34.6B |
| FY2024, ended Dec 31, 2024 | $42.8B |
| FY2025, ended Dec 31, 2025 | $34.2B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $20.1B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$12.2B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $8.83B |
| FY2017, ended Dec 31, 2017 | $8.67B |
| FY2018, ended Dec 31, 2018 | $8.42B |
| FY2019, ended Dec 31, 2019 | $10.3B |
| FY2020, ended Dec 31, 2020 | $12.6B |
| FY2021, ended Dec 31, 2021 | $9.34B |
| FY2022, ended Dec 31, 2022 | $9.72B |
| FY2023, ended Dec 31, 2023 | $9.83B |
| FY2024, ended Dec 31, 2024 | $10.1B |
| FY2025, ended Dec 31, 2025 | $10.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $12.2B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $525M | $1.78B |
| FY2017, ended Dec 31, 2017 | $1.26B | $1.60B |
| FY2018, ended Dec 31, 2018 | $846M | $1.87B |
| FY2019, ended Dec 31, 2019 | $298M | $2.21B |
| FY2020, ended Dec 31, 2020 | $158M | $4.18B |
| FY2021, ended Dec 31, 2021 | $417M | $4.49B |
| FY2022, ended Dec 31, 2022 | −$16.8B | $3.71B |
| FY2023, ended Dec 31, 2023 | −$6.66B | $4.22B |
| FY2024, ended Dec 31, 2024 | $1.45B | $2.08B |
| FY2025, ended Dec 31, 2025 | $382M | $2.45B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $3.37B | $2.82B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$744M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $683M |
| FY2017, ended Dec 31, 2017 | $665M |
| FY2018, ended Dec 31, 2018 | $703M |
| FY2019, ended Dec 31, 2019 | $1.15B |
| FY2020, ended Dec 31, 2020 | $1.96B |
| FY2021, ended Dec 31, 2021 | $2.01B |
| FY2022, ended Dec 31, 2022 | $456M |
| FY2023, ended Dec 31, 2023 | $440M |
| FY2024, ended Dec 31, 2024 | $834M |
| FY2025, ended Dec 31, 2025 | $599M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $744M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$21.2B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $10.5B |
| FY2017, ended Dec 31, 2017 | $8.76B |
| FY2018, ended Dec 31, 2018 | $8.98B |
| FY2019, ended Dec 31, 2019 | $20.2B |
| FY2020, ended Dec 31, 2020 | $20.0B |
| FY2021, ended Dec 31, 2021 | $20.4B |
| FY2022, ended Dec 31, 2022 | $20.1B |
| FY2023, ended Dec 31, 2023 | $19.1B |
| FY2024, ended Dec 31, 2024 | $11.3B |
| FY2025, ended Dec 31, 2025 | $13.1B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $21.2B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 56.9% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.516M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 329M |
| FY2017, ended Dec 31, 2017 | 331M |
| FY2018, ended Dec 31, 2018 | 323M |
| FY2019, ended Dec 31, 2019 | 616M |
| FY2020, ended Dec 31, 2020 | 621M |
| FY2021, ended Dec 31, 2021 | 610M |
| FY2022, ended Dec 31, 2022 | 592M |
| FY2023, ended Dec 31, 2023 | 576M |
| FY2024, ended Dec 31, 2024 | 530M |
| FY2025, ended Dec 31, 2025 | 514M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 516M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $534M more bought back than issued
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $40.0M | $137M | — |
| FY2017, ended Dec 31, 2017 | $153M | $107M | — |
| FY2018, ended Dec 31, 2018 | $1.25B | $84.0M | — |
| FY2019, ended Dec 31, 2019 | $453M | $402M | $39.1B |
| FY2020, ended Dec 31, 2020 | $112M | $283M | — |
| FY2021, ended Dec 31, 2021 | $2.11B | $383M | — |
| FY2022, ended Dec 31, 2022 | $1.94B | $189M | — |
| FY2023, ended Dec 31, 2023 | $522M | $120M | — |
| FY2024, ended Dec 31, 2024 | $4.04B | $186M | — |
| FY2025, ended Dec 31, 2025 | $1.43B | $181M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $720M | $186M | — |
Revenue (TTM)
$12.2B
+18.3% YoY
Net income (TTM)
$3.37B
+2,912% YoY
Cash
$744M
+28.1% YoY
Total debt
$21.2B
+64.1% YoY
Valuation
At current price- Market Cap
- $19.9B
- P/E
- 5.9×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.6×
- Price / Book
- 1.2×
- EV / EBITDA
- 9.7×
Growth
Trailing 12 months- Revenue (TTM)
- $12.2B
- Revenue Growth YoY
- 18.3%
- Revenue CAGR 3Y
- 3.2%
- Revenue CAGR 5Y
- −3.2%
- EPS Growth YoY
- 3,326%
- Net Income Growth YoY
- 2,912%
Profitability
Trailing 12 months- Gross Margin
- 36.0%
- Operating Margin
- 15.7%
- Net Margin
- 27.6%
- FCF Margin
- 23.1%
- Return on Equity
- 22.3%
Earnings
Trailing 12 months- Net Income
- $3.37B
- EPS (diluted)
- $6.51
- EBITDA
- $4.16B
- Operating Income
- $1.92B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $744M
- Total Debt
- $21.2B
- Net Debt
- $20.4B
- Total Assets
- $44.1B
- Total Liabilities
- $28.1B
- Shareholders' Equity
- $16.0B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $2.98B
- Capital Expenditure
- $154M
- Free Cash Flow
- $2.82B
Dividends and risk
Last 12 months- Dividend Yield
- 4.5%
- Dividend / Share
- $1.72
- Beta (5Y)
- 0.81
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 18.3% year over year, at $12.2B.
Note
Net margin of 27.6% over the last 12 months.
Strength
Turns 23.1% of revenue into free cash flow.
Note
Pays a 4.5% dividend yield.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 24, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K72Good news
72Good news
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 13, 2025 · Read the filing on EDGAR
- Continuing revenue rose 3% to $10.13 billion and operating income rose 18% to $1.71 billion, though $142 million came from Worldpay transition-service income.
- FIS completed the Worldpay sale, cutting debt to $11.3 billion and sharply lowering net interest expense from $621 million to $250 million.
- FIS bought back $4.0 billion of shares in 2024 and plans about $1.2 billion more in 2025.
- Its retained 45% Worldpay stake produced a $145 million loss after tax for the 11 months after the sale.
Business momentum
Strong improvement
“Revenue for the year ended December 31, 2024, increased primarily due to new sales to both new and existing customers and increased transaction processing volumes”
Outlook
Neutral
“We are experiencing relatively stable sales cycles and levels of client activity across our businesses.”
Financial stress
Low
“We believe that our current level of cash and cash equivalents plus cash flows from operations will be sufficient to fund our operating cash requirements, capital expenditures and debt service payments for the next 12 months and the foreseeable future.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Margins widened as profit grew faster than sales
“Gross profit margin for the year ended December 31, 2024, increased primarily due to operating leverage, continued cost management and increased higher-margin license revenue”
Capital Markets revenue grew 8%
“Revenue in our Capital Markets segment increased 8% for the year ended December 31, 2024.”
Worldpay proceeds reduced debt and interest costs
“The decrease in interest expense, net during the year ended December 31, 2024, was primarily due to a reduction in our outstanding borrowings under our commercial paper programs and senior notes using a portion of the net proceeds from the Worldpay Sale”
Concerns
Separation from Worldpay is adding costs in the corporate segment
“Adjusted EBITDA decreased primarily due to the revenue impacts noted above, as well as higher costs due to dis-synergies associated with the Worldpay Sale.”
Worldpay service income lifted reported operating income by $142 million
“The income received for these services is recorded in Other operating (income) expense, net - related party”
Goodwill is about half of all assets and could be written down
“As of December 31, 2024, goodwill aggregated to $17.3 billion, or 51% of total assets”
New risks since the previous report
Using AI could cause errors, bias, lawsuits or security weaknesses
“The integration of AI introduces a variety of risks and uncertainties that may harm our reputation, expose us to lawsuits from consumers or other third parties, introduce security vulnerabilities to our information systems”
New AI rules, including the EU AI Act, could bring fines
“These regulatory changes introduce additional risks, including the possibility of failing to meet compliance obligations, which could result in substantial fines, penalties or other regulatory actions.”
EU digital resilience rules could cost revenue and clients if FIS falls short
“Failure to support our clients in achieving compliance with DORA and similar global regulatory regimes may cause us to lose revenue, clients, and/or result in damage to our reputation”
FIS holds 45% of Worldpay but does not control it
“While we retain a 45% equity interest in Worldpay, we do not have control of Worldpay, exposing us to certain risks including risks related to Worldpay’s operations and merchant acquiring business.”
Biggest risks named
- Cyberattacks, data breaches and service outages
- Weaker economy reducing transaction volumes and client spending
- Worldpay sale benefits falling short, with less diversified revenue
- Bank failures and consolidation among financial clients
- Complex and changing regulation, including privacy and AI rules
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 72 | |
Written by AI (Claude Opus 5.5) from the report’s text. 13 of 13 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 24, 2026 | Pro | |||
| 10-K | Feb 13, 2025 | 72 | Strong improvement | None | |
| 10-K | Feb 26, 2024 | 61 | Improving | 1 medium | |
| 10-K | Feb 27, 2023 | 36 | Sharp deterioration | 1 medium | |
| 10-K | Feb 23, 2022 | 72 | Strong improvement | 1 medium | |
| 10-K | Feb 18, 2021 | 35 | Sharp deterioration | 1 medium1 minor | |
| 10-K | Feb 20, 2020 | 47 | Sharp deterioration | 1 minor | |
| 10-K | Feb 21, 2019 | 57 | Stable | 1 minor | |
| 10-K | Feb 22, 2018 | 64 | Improving | 1 medium | |
| 10-K | Feb 23, 2017 | 53 | Mixed | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR