Fidelity National Information Services, Inc.

Listed Company

FISCIK 0001136893NYSELarge AcceleratedServices-Business Services, NecFY ends Dec 31

Period

FY 2025

Revenue

$10.68B

Net Income

$382.00M

Total Assets

$33.49B

Equity

$13.90B

Shares Out

514.40M

Op. Cash Flow

$2.61B

Business

Fidelity National Information Services, Inc. is a financial technology company providing solutions to financial institutions, businesses and developers across the money lifecycle. It offers core processing software, digital banking and mobile solutions, payments and card services, fraud, risk and compliance tools, wealth and retirement platforms, treasury and capital markets trading and lending systems, item processing, and related managed services and consulting. Its operations are organized into Banking Solutions, Capital Market Solutions and Corporate and Other segments. FIS distributes its offerings globally through direct and indirect field sales, a global sales force, strategic partnerships, data centers and cloud-based delivery.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	10,677	10,127	9,831	9,720	9,339
Cost of revenue	6,741	6,323	6,175	6,259	5,990
Gross profit	3,936	3,804	3,656	3,461	3,349
Selling, general and administrative expenses	2,263	2,185	2,096	2,182	2,115
Asset impairments	18	52	113	103	194
Operating income	1,741	1,709	1,447	1,176	1,040
Interest income	24	101	92	17	2
Interest expense	−391	−351	−713	−298	—
Other income (expense), net	−198	−162	−164	3	−109
Total other income (expense), net	−565	−412	−785	−278	—
Earnings (loss) before income taxes and equity method investment earnings (loss)	1,176	1,297	662	898	719
Provision (benefit) for income taxes	265	362	157	314	403
Equity method investment earnings (loss), net of tax	−526	−145	0	0	6
Net earnings (loss) from continuing operations	385	790	505	584	322
Earnings (loss) from discontinued operations, net of tax	0	663	−7,153	−17,324	102
Net earnings (loss)	385	1,453	−6,648	−16,740	424
Net (earnings) loss attributable to noncontrolling interest from continuing operations	−3	−3	−3	−8	−2
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	0	0	−4	−4	−5
Net earnings (loss) attributable to FIS	382	1,450	−6,655	−16,752	417
Continuing operations	382	787	502	576	320
Discontinued operations	0	663	−7,157	−17,328	97
Continuing operations (in dollars per share)	0.73	1.42	0.85	0.95	0.52
Discontinued operations (in dollars per share)	0	1.2	−12.11	−28.69	0.16
Basic earnings (loss) per common share attributable to FIS (in dollars per share)	0.73	2.62	−11.26	−27.74	0.68
Continuing operations (in dollars per share)	0.73	1.42	0.85	0.95	0.52
Discontinued operations (in dollars per share)	0	1.19	−12.11	−28.69	0.16
Diluted earnings (loss) per common share attributable to FIS (in dollars per share)	0.73	2.61	−11.26	−27.74	0.67
Basic (in shares)	523	553	591	604	616
Diluted (in shares)	525	555	591	604	621

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	599	834	440	456	2,010
Settlement assets	515	479	617	592	4,020
Other receivables	432	160	109	—	—
Prepaid expenses and other current assets	959	638	641	509	551
Current assets held for sale	0	1,115	10,111	8,990	—
Total current assets	4,488	5,186	13,656	12,818	10,708
Property and equipment, net	691	646	695	709	949
Goodwill	17,762	17,260	16,971	16,816	16,927
Intangible assets, net	959	1,318	1,823	2,468	11,539
Software, net	2,876	2,526	2,115	2,055	3,299
Equity method investment	3,681	3,858	0	—	—
Other noncurrent assets	1,710	1,749	1,528	1,675	2,137
Deferred contract costs, net	1,321	1,241	1,076	973	969
Total assets	33,488	33,784	54,973	63,278	82,931
Accounts payable, accrued and other liabilities	2,097	1,994	1,773	1,583	2,864
Settlement payables	549	500	635	613	5,295
Deferred revenue	957	902	829	777	779
Short-term borrowings	2,729	636	4,760	3,755	3,911
Current portion of long-term debt	1,284	968	1,348	2,130	1,617
Current liabilities held for sale	0	1,094	8,884	7,366	—
Total current liabilities	7,616	6,094	18,229	16,224	14,466
Long-term debt, excluding current portion	9,069	9,686	12,970	14,206	14,825
Deferred income taxes	1,215	863	2,179	2,689	4,193
Other noncurrent liabilities	1,686	1,441	1,446	1,382	1,915
Total liabilities	19,586	18,084	35,917	35,872	35,399
Preferred stock, $0.01 par value, 200 shares authorized, none issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock, $0.01 par value, 750 shares authorized, 636 and 633 shares issued as of December 31, 2025 and 2024, respectively	6	6	6	6	6
Additional paid in capital	47,317	47,129	46,933	46,735	46,466
(Accumulated deficit) retained earnings	−22,718	−22,257	−22,905	−14,971	2,889
Accumulated other comprehensive earnings (loss)	−504	−364	−260	−360	252
Treasury stock, $0.01 par value, 122 and 102 common shares as of December 31, 2025 and 2024, respectively, at cost	−10,202	−8,816	−4,724	−4,192	−2,266
Total FIS stockholders equity	13,899	15,698	19,050	27,218	47,347
Noncontrolling interest	3	2	6	8	11
Total equity	13,902	15,700	19,056	27,186	47,350
Total liabilities and equity	33,488	33,784	54,973	63,278	82,931

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net earnings (loss) from continuing operations	385	790	505	584	—
Depreciation and amortization	1,883	1,737	1,744	1,878	4,015
Amortization of debt issuance costs	37	20	29	31	30
Asset impairments	18	52	113	103	202
Loss on extinguishment of debt	0	174	0	0	528
Loss (gain) on sale of businesses, investments and other	119	62	97	−49	−227
Stock-based compensation	181	186	120	189	383
Deferred income taxes	−31	−204	−415	−388	−81
Trade and other receivables	−246	−94	341	−247	−552
Receivable from related party	44	−84	0	0	—
Settlement activity	14	2	−3	3	—
Prepaid expenses and other assets	−135	−205	−155	−72	−526
Deferred contract costs	−469	−509	−418	−415	−453
Deferred revenue	64	31	29	21	23
Accounts payable, accrued liabilities, and other liabilities	218	72	91	−16	391
Net cash provided by operating activities from continuing operations	2,608	2,175	2,078	1,622	—
Additions to property and equipment	−154	−97	−115	−227	−320
Additions to software	−835	−720	−665	−769	−931
Acquisitions, net of cash acquired	−573	−514	−202	0	−767
Net proceeds from sale of businesses and investments	0	12,833	45	50	—
Cash divested from sale of business	−1,417	−3,150	0	0	—
Settlement of net investment hedge cross-currency interest rate swaps	0	−8	−20	726	—
Coupon payments on interest rate swaps	−112	−122	−28	0	—
Distributions from equity method investments	147	47	0	—	—
Other investing activities, net	−98	−91	−24	−6	−99
Net cash provided by (used in) investing activities	−3,042	8,178	−1,009	−226	—
Borrowings	55,428	25,430	93,087	75,293	54,073
Repayment of borrowings and other financing arrangements	−54,348	−33,175	−94,444	−74,304	−53,440
Debt issuance costs	−30	−6	−3	−23	−74
Net proceeds from stock issued under stock-based compensation plans	8	3	41	57	121
Treasury stock activity	−1,425	−4,045	−522	−1,938	−2,114
Dividends paid	−847	−800	−1,231	—	—
Purchase of noncontrolling interest	0	0	−173	0	0
Other financing activities, net	35	43	−7	−20	−58
Net cash provided by (used in) financing activities	−1,179	−12,550	−3,252	−2,073	—
Net cash provided by (used in) operating activities	208	−104	2,257	2,317	—
Net cash provided by (used in) investing activities	0	−39	−342	−147	—
Net cash provided by (used in) financing activities	0	−65	−241	−500	—
Net cash provided by (used in) discontinued operations	208	−208	1,674	1,670	—
Effect of foreign currency exchange rate changes on cash from continuing operations	58	−31	5	−42	−248
Effect of foreign currency exchange rate changes on cash from discontinued operations	0	−32	105	−421	—
Net increase (decrease) in cash, cash equivalents and restricted cash	−1,347	−2,468	−399	530	253
Cash paid for interest	401	396	696	417	491
Cash paid for income taxes, net of refunds	628	488	402	963	440

Filings

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