Fidelity National Information Services Reports Q3 2026 Results & Updates FY26 Outlook

Executive Summary

On November 4, 2026, Fidelity National Information Services, Inc. (NYSE: FIS) filed a Form 8-K under Item 2.02 reporting financial results for the third quarter ended September 30, 2026, and updated full-year 2026 guidance.

Third Quarter 2026 Key Metrics

• Revenue: Consolidated revenue increased 27% on a GAAP basis to $3,454 million (compared to $2,717 million in Q3 2025). On an adjusted basis, revenue rose 29%, driven primarily by the acquisition of the Total Issuing Solutions™ business. Pro Forma revenue growth was 3.7%.
• Profitability:
  • GAAP Diluted EPS was $0.69 (vs. $0.50 in Q3 2025).
  • Adjusted Net Earnings totaled $831 million, generating an Adjusted EPS of $1.61 (+6.6% YoY).
  • Adjusted EBITDA rose 31% to $1,482 million, with Adjusted EBITDA margin expanding 111 basis points to 42.9%.
• Segment Performance:
  • Banking Solutions: Revenue increased 41% YoY to $2,548 million (3.9% Pro Forma growth). Adjusted EBITDA margin expanded 119 bps to 47.4%.
  • Capital Market Solutions: Revenue rose 3% YoY to $823 million, with Adjusted EBITDA reaching $444 million (54.0% margin, up 180 bps YoY).
  • Corporate and Other: Revenue dropped 22% YoY to $83 million as non-strategic businesses declined.
• Cash Flow & Capital Allocation:
  • Operating cash flow reached $976 million and Free Cash Flow was $862 million (+8.0% YoY).
  • FIS returned $248 million to shareholders ($21 million via repurchases and $227 million in dividends).
  • Share repurchases and tuck-in M&A remain temporarily curtailed to accelerate deleveraging to target gross leverage of ~2.8x (outstanding debt was $20.8 billion as of September 30, 2026).
• Portfolio Optimization: Divested a non-core prepaid business on October 20, 2026, generating gross proceeds in excess of $100 million.

Updated Full-Year 2026 Outlook

• Revenue: $13,445 million to $13,505 million (Adjusted growth of 28% – 29%; Pro Forma growth of 3.1% – 3.6%).
• Adjusted EBITDA: $5,565 million to $5,605 million (Adjusted growth of 29% – 30%; Pro Forma growth of 2.9% – 3.6%).
• Adjusted EPS: $5.82 to $5.89 (Adjusted growth of 1.2% – 2.4%).
• Free Cash Flow: Maintained at $2,150 million to $2,250 million (growth of 33% – 39% YoY).