Fidelity National Information Services, Inc.FIS

Fidelity National Information Services, Inc. Revenue Disclosure

10-KFiled Feb 24, 20263 min read
Revenue
Disaggregation of Revenue
    
In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments.
For the year ended December 31, 2025 (in millions):
Banking
Solutions		Capital
Market
Solutions		Corporate and OtherTotal
Primary Geographical Markets:
North America$6,283 $1,916 $107 $8,306 
All others1,002 1,280 89 2,371 
Total$7,285 $3,196 $196 $10,677 
Type of Revenue:
Recurring revenue:
Transaction processing and services$5,412 $1,578 $146 $7,136 
Software maintenance389 607 2 998 
Other recurring309 99 1 409 
Total recurring6,110 2,284 149 8,543 
Software license176 499 — 675 
Professional services522 385 5 912 
Other non-recurring477 28 42 547 
Total$7,285 $3,196 $196 $10,677 

For the year ended December 31, 2024 (in millions):
Banking
Solutions		Capital
Market
Solutions		Corporate and OtherTotal
Primary Geographical Markets:
North America$5,893 $1,839 $117 $7,849 
All others999 1,140 139 2,278 
Total$6,892 $2,979 $256 $10,127 
Type of Revenue:
Recurring revenue:
Transaction processing and services$5,146 $1,507 $207 $6,860 
Software maintenance362 576 2 940 
Other recurring244 62 3 309 
Total recurring5,752 2,145 212 8,109 
Software license196 431 1 628 
Professional services551 399 4 954 
Other non-recurring393 4 39 436 
Total$6,892 $2,979 $256 $10,127 
For the year ended December 31, 2023 (in millions):
Banking
Solutions		Capital
Market
Solutions		Corporate and OtherTotal
Primary Geographical Markets:
North America$5,812 $1,712 $167 $7,691 
All others931 1,054 155 2,140 
Total$6,743 $2,766 $322 $9,831 
Type of Revenue:
Recurring revenue:
Transaction processing and services$4,981 $1,409 $276 $6,666 
Software maintenance364 531 2 897 
Other recurring227 53 4 284 
Total recurring5,572 1,993 282 7,847 
Software license131 369 8 508 
Professional services562 391 9 962 
Other non-recurring478 13 23 514 
Total$6,743 $2,766 $322 $9,831 

Clients in the U.K., Germany, Australia, Switzerland, France, South Africa, the Netherlands and India accounted for the majority of the revenue from clients based outside of North America for all periods presented. No individual country outside of North America accounted for more than 10% of total revenue for the years ended December 31, 2025, 2024 and 2023.

Contract Balances

The Company recognized revenue of approximately $761 million, $728 million and $677 million, during the years ended December 31, 2025, 2024 and 2023, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of December 31, 2025, approximately $23.5 billion of revenue is estimated to be recognized in the future from the Company's remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals not yet contractually obligated. The Company expects to recognize approximately 34% of our remaining performance obligations over the next 12 months, approximately another 25% over the next 13 to 24 months, and the balance thereafter.

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 13, 2025
2023Feb 26, 2024
2022Feb 27, 2023
2021Feb 23, 2022
2020Feb 18, 2021
2019Feb 20, 2020
2018Feb 21, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

Income TaxesPP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew StandardsPay vs Performance