Start here if you're new
what it is
FIS sells the software banks use to process accounts, cards, and payments across 100 countries.
how it gets paid
Last year L Info made $10.7B in revenue. Banking Solutions was the main engine at $7.4B, or 69% of sales.
why it's growing
Revenue grew 279.7% last year. The $1.68 EPS print mattered because it beat the $1.50 estimate by 12.0%.
what just happened
FIS beat by 12.0%, and the quarter still came with a messy profit line.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
45/100 earnings predictability — expect surprises
11.0x trailing p/e — the market's not buying it — or you found a deal
2.8% dividend yield — cash in your pocket every quarter
17.0% return on capital — nothing to write home about
xvary composite: 59/100 — below average
What they do
FIS sells the software banks use to process accounts, cards, and payments across 100 countries.
14,000 institutions in 100 countries use FIS. core processing → the software that runs accounts and payments → so what: your bank does not swap that out casually. Banking Solutions is 69% of 2024 revenue, while Corporate & Other is 3%, so the cash engine is very concentrated.
How they make money
$10.7B
annual revenue · their business grew +279.7% last year
Banking Solutions
$7.4B
Capital Market Solutions
$3.0B
Corporate & Other
$0.3B
The products that matter
core bank technology and processing
banking solutions
$5.9B · 55% of revenue
it is the largest segment at $5.9B, and it grew 3%. if renewals slip here, you feel it everywhere.
largest segment
card and transaction processing
payments solutions
$4.8B · 45% of revenue
this $4.8B segment grew 2%. it gives FIS scale, but the growth rate tells you the market is still waiting for a stronger payments story.
recurring volume
new checkout and rewards product
smart basket
no disclosed revenue
management is talking about it, but this page gives no revenue number tied to it. that tells you it is not moving the current $10.7B base yet.
catalyst watch
Key numbers
11.0x
trailing p/e
You pay $11 for each $1 of past earnings. That is modest if margins hold and ugly if sales keep shrinking.
2.8%
dividend yield
You get $2.80 a year for every $100 invested. That is a real cash return while you wait.
16.3%
operating margin
16.3% of sales stays after running the business. That is a solid spread for a business this boring.
17.0%
return on capital
The company earns $17 on every $100 invested. That is the kind of math that keeps a stock alive.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $8.9B (21% of capital)
- net profit margin 31.0% — keeps 31 cents of every dollar in revenue
- return on equity 27% — $0.27 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in FIS 3 years ago → it's now worth $9,820.
The index would have given you $14,770.
source: institutional data · total return
What just happened
beat estimates
FIS beat by 12.0%, and the quarter still came with a messy profit line.
Yahoo shows $1.68 actual EPS versus $1.50 expected. EDGAR's latest quarter shows $2.8B in revenue, up 8%, and 38.3% gross margin, but it also lists -$0.24 EPS, so the source set is not cleanly aligned.
$2.8B
revenue
$1.68
eps
38.3%
gross margin
the number that mattered
The $1.68 EPS print mattered because it beat the $1.50 estimate by 12.0%, even with a mixed filing.
-
fidelity national information services has reported respectable top-line results.
-
revenues have increased, thanks to new sales, favorable pricing, and acquisitions.
-
management has announced plans to launch a new product, smart basket.this solution will deliver personalized rewards savings to consumers at checkout and automatically select the best payment method for each item. in addition to traditional debit, credit, and prepaid cards, smart basket will enable flexible healthcare spending accounts as payment methods. furthermore, the offering will help retailers and brands gain deeper insights into shopper behavior. smart basket will also help financial institutions monitor suspicious purchases that indicate fraud.
-
the top line likely advanced to $10.6 billion, in 2025.
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this year, another gain to $11.0 billion, is possible.fidelity has launched its getpaid and treasury and risk manager integrity edition solutions on the microsoft marketplace. the microsoft marketplace is an online store where businesses can buy cloud products from microsoft partners.
source: company earnings report, SEC filing
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What could go wrong
the top risk here is slower renewals and weaker growth in bank and payments contracts.
high
banking solutions stalls
banking solutions is $5.9B, or 55% of revenue. if core bank clients delay renewals or squeeze pricing, the biggest segment stops carrying the story.
impact: pressure on the largest piece of the $10.7B revenue base
med
payments competition stays intense
payments solutions is $4.8B and grew 2%. when growth is already that slow, even small pricing pressure matters more.
impact: the 31.0% net margin has less room for error than it looks
med
the february 24 guide disappoints
the stock is leaning on $6.15 of FY2026 EPS and roughly $11.0B of next-year revenue. a reset there would tell you the low multiple was earned.
impact: valuation support disappears fast when a cheap stock misses the only numbers that matter
low
new-product optimism outruns reality
smart basket may help at checkout, but the page gives no revenue contribution. that usually means the product is still too small to move the model.
impact: narrative improves before fundamentals do
banking at $5.9B and payments at $4.8B make up essentially all of the current $10.7B revenue base. if either core segment slips, there is nowhere to hide.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
Q4 2025 earnings report
february 24, 2026. this is when management has to defend the $6.15 EPS setup.
metric
revenue needs to move past the current base
the snapshot points to roughly $10.6B–$10.7B today and $11.0B next. that gap is the test.
trend
institutional selling has lasted two quarters
398 buyers versus 557 sellers in 3q2025 is not panic, but it is not sponsorship either.
risk
watch for more than 2%–3% segment growth
banking grew 3% and payments 2%. if those rates do not improve, the stock stays a value trap candidate.
Analyst rankings
earnings predictability
45 / 100
in human-speak: the quarterly numbers are less dependable than you would like from a financial infrastructure name.
risk rank
3
this is middle-of-the-pack safety, not a bunker stock and not a roulette wheel.
price stability
55 / 100
the stock is somewhat steadier than a high-beta growth name, but the last 3 years show it has not been a safe place to hide.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 398 buyers vs. 557 sellers in 3q2025. total institutional holdings: 0.5B shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$54
$102
$63
current price
$78
target midpoint · +23% from current · 3-5yr high: $90 (+40% · 12% ann'l return)
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