Fidelity National Information Services, Inc.FIS
NYSE•Technology•Information Technology Services
Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide. The company operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. It provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. The company also offers trading and assets, lending, leveraged and syndicated loan markets, and treasury and risk solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.
Fidelity National Information S (FIS) reported trailing twelve months revenue of $11.44B as of March 2026, a 12.2% increase year-over-year. Quarterly revenue reached $3.29B, reflecting continued top-line momentum.
Fidelity National Information S generated $2.67B in TTM net income, with quarterly EBITDA of $1.05B. The operating margin contracted from 13.7% to 12.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (12.8%) and net margin (71.8%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.0% a year ago, signaling stronger bottom-line efficiency.
FIS trades at a P/E of 9.1x (below the broader market average) and a P/S of 2.1x. The price-to-book ratio of 1.5x reflects a moderate premium to book value.
The company generated $663.00M in free cash flow over the trailing twelve months, a 57.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $43.48B in total assets with $16.79B in long-term debt against $15.98B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~16.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~16.0% — no sign of cost or pricing stress.
FCF covers net income by 2.2x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 82.9% recently — increasing financial risk even if the current ratio is manageable.
TTM revenue has contracted 21.9% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.0% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation