Overview

• US financial technology firm's Q1 revenue rose 30%, slightly beating analyst expectations

• Adjusted EPS for Q1 increased 12%, beating analyst expectations

• Growth driven by Total Issuing Solutions acquisition, favorable mix and cost savings

Outlook

• FIS reiterates 2026 revenue outlook of $13.77 bln to $13.85 bln

• Company expects 2026 adjusted EPS of $6.22 to $6.32

• FIS targets 2026 free cash flow of $2.05 bln to $2.15 bln

Result Drivers

• ACQUISITION IMPACT - Co said acquisition of Total Issuing Solutions drove high-margin growth in Banking Solutions

• FAVORABLE MIX AND COST SAVINGS - Co attributed margin expansion in Banking and Capital Market Solutions to favorable mix and cost savings

• RECURRING REVENUE GROWTH - Co said recurring revenue growth, especially in transaction processing and services, contributed to overall revenue performance

Company press release: ID:nBw8DYG8Fa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Slight Beat*	$3.30 bln	$3.28 bln (21 Analysts)
Q1 Adjusted EPS	Beat	$1.36	$1.29 (22 Analysts)
Q1 Adjusted Net Income	Beat	$705 mln	$665.88 mln (16 Analysts)
Q1 Adjusted EBITDA	Beat	$1.30 bln	$1.28 bln (20 Analysts)
Q1 Adjusted EBITDA Margin		39.60%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the financial technology (fintech) peer group is "buy"

• Wall Street's median 12-month price target for Fidelity National Information Services Inc is $66.00, about 39.7% above its May 7 closing price of $47.25

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

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