Fidelity National Information Services Inc
FISBuild a strategy around FIS
Fidelity National Information Services Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 17.8B is 129% of equity (13.9B) - tangible book value is NEGATIVE (-7.8B), creating material impairment risk[Goodwill]
- EPS 5Y growth of 76% vs revenue decline of -3% TTM signals aggressive cost cuts, not organic growth[EPS Growth 5Y]
- Net margin TTM of 1.5% vs industry median 3.3% despite operating margin of 16.6% - interest expense (446M) consuming profits[Net Margin TTM]
Watch Triggers
- Goodwill: Any impairment charge >500M — 17.8B goodwill vs 13.9B equity - impairment could trigger covenant issues
- Interest Expense TTM: Drops below 400M annually — Currently 36% of pretax income - reduction directly flows to EPS
- Total Revenue TTM: Returns to positive YoY growth — 5Y decline of -3% must reverse to justify current valuation
Bull Case
FCF yield of 5.2% (1.8B/34.5B market cap) with 17% FCF margin funds 1.56/share dividend (2.4% yield) while deleveraging
Operating margin of 16.6% is 3x industry median (5.1%) - scale advantages intact despite revenue headwinds
Bear Case
P/E of 178x on 153M net income TTM - requires 10x earnings growth to reach industry median P/E of 25x
Revenue declined -3% over 5Y while industry grew 7% - market share loss in payments/fintech disruption
Bull vs Bear Balance
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Forward Thesis
Debt reduction will unlock margin expansion as 446M annual interest expense compresses
- FCF of 1.8B TTM covers dividend (816M) with 1B for debt paydown
- Current debt of 4.1B due near-term creates refinancing catalyst
- Operating margin 16.6% shows core business profitable
Valuation Context
Caveats
Public Strategies Rankings
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FIS Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$24.68B | — | ||
$37.41B | — | ||
64 | — | ||
$10.68B | +5.4% | — | |
$0.73 | -49.1% | — | |
16.5% | -0.9% | — | |
3.58% | -10.7% | — | |
$1.83B | +45.7% | — | |
2.58% | -5.8% | — | |
Beta 5Y (Monthly) | unknown | — |
FIS Dividend History
2026
$0.44002025
$1.60002024
$1.44002023
$2.08002022
$1.88002021
$1.56002020
$1.40002019
$1.40002018
$1.28002017
$1.16002016
$1.04002015
$1.04002014
$0.96002013
$0.88002012
$0.80002011
$0.20002010
$0.20002009
$0.20002008
$0.20002007
$0.20002006
$3.95002005
$0.20002004
$0.20002003
$0.1000FIS Stock Splits
FIS SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/24/26 | 12/31/25 | 10-K | |
11/05/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/06/25 | 03/31/25 | 10-Q | |
02/13/25 | 12/31/24 | 10-K | |
11/04/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
02/26/24 | 12/31/23 | 10-K | |
11/07/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/02/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/03/22 | 03/31/22 | 10-Q | |
02/23/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/03/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/18/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
08/04/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/20/20 | 12/31/19 | 10-K | |
11/05/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
04/30/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
07/31/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/22/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/03/17 | 03/31/17 | 10-Q | |
02/23/17 | 12/31/16 | 10-K | |
11/02/16 | 09/30/16 | 10-Q | |
08/02/16 | 06/30/16 | 10-Q | |
05/04/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
11/07/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/28/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
08/02/13 | 06/30/13 | 10-Q | |
05/02/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/06/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/24/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/04/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
11/04/11 | 09/30/10 | 10-Q | |
08/04/10 | 06/30/10 | 10-Q | |
05/05/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/05/09 | 09/30/09 | 10-Q | |
11/05/10 | 09/30/09 | 10-Q | |
08/05/09 | 06/30/09 | 10-Q | |
05/06/09 | 03/31/09 | 10-Q | |
02/27/09 | 12/31/08 | 4 | |
11/10/08 | 09/30/08 | 4 | |
08/08/08 | 06/30/08 | 4 | |
05/09/08 | 03/31/08 | 4 | |
02/29/08 | 12/31/07 | 8-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
05/08/07 | 03/31/07 | 10-Q | |
03/01/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 4 | |
08/09/06 | 06/30/06 | 4 | |
05/10/06 | 03/31/06 | 4 | |
03/16/06 | 12/31/05 | 5 | |
11/07/05 | 09/30/05 | 4 | |
08/04/05 | 06/30/05 | 4 | |
05/10/05 | 03/31/05 | 10-Q | |
03/11/05 | 12/31/04 | 4 | |
11/09/04 | 09/30/04 | 4 | |
08/06/04 | 06/30/04 | 10-Q | |
05/10/04 | 03/31/04 | 10-Q | |
02/17/04 | 12/31/03 | 10-K | |
11/10/03 | 09/30/03 | 10-Q | |
08/04/03 | 06/30/03 | 10-Q | |
05/15/03 | 03/31/03 | 10-Q | |
02/14/03 | 12/31/02 | 5 | |
11/14/02 | 09/30/02 | 4 | |
08/14/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/31/02 | 10-Q | |
03/25/02 | 12/31/01 | 10-K405 | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q |