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US financial technology company providing core banking, payments processing and capital markets software to banks and financial firms.
US financial technology company providing core banking, payments processing and capital markets software to banks and financial firms.
Runs banks' core systems as an outsourced service, billing by accounts and transactions under multi-year contracts, so revenue recurs and switching takes years. It sold a majority of Worldpay to GTCR in 2024, then agreed in 2025 to sell its remaining stake to Global Payments and buy Global Payments' issuer-processing business.
Moat: wide (switching costs, installed base, regulatory licence). Core banking systems run banks' critical infrastructure; switching providers takes years and is high-risk.
Headquarters: Jacksonville, Florida, US · Founded: 1968 · Employees: 44,000
Size Fidelity National Information Services (FIS) is a United States Financials company (Packaged Software) with a market value of $14.8B, the 604th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.73 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against +9.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 23.6% over the last twelve months (peer median +8.9%); the operating margin is 21.7% (peer median 18.6%).
Valuation It trades at 5.1× forward earnings against a peer median of 10.3× (cheapest of 21).
Backlog Backlog (remaining performance obligations) was $24.5B at 30 Sep 2026, up 9% on a year earlier — 1.9 years of trailing revenue. Backlog detail →
Credit Fidelity National Information Services has 21 bonds outstanding ($16.7B), rated BBB by the agencies and trading like BBB- at a weighted spread of 107 bp.
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $12.9B | $10.7B | $10.1B | $9.83B | $9.72B |
| Revenue growth | — | +5% | +3% | +1% | — |
| Gross profit | $4.64B | $3.94B | $3.80B | $3.66B | $3.50B |
| EBITDA | $5.36B | $4.33B | $4.12B | $3.57B | $3.54B |
| Net income | $3.46B | $382M | $787M | -$6.66B | -$16.7B |
| Free cash flow | $2.85B | $2.81B | $1.97B | $4.22B | $3.67B |
| Capital expenditure | $1.12B | $989M | $817M | $780M | $1.39B |
| Total debt | $20.8B | $13.3B | $11.5B | $19.3B | $20.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fidelity National Information Services FIS | $14.8B | -33% | +24% | 22% | 5.1× | n/a |
| Fiserv FISV | $33.4B | +13% | -2% | 19% | 8.2× | n/a |
| Jack Henry & Associates JKHY | $12.1B | +19% | +6% | 25% | 22.9× | n/a |
| Global Payments GPN | $25.8B | +41% | +7% | 21% | 6.3× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FIS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.3% | +2.2% | 2nd lowest of 21 |
| 6-month return | -33.2% | +9.2% | lowest of 21 |
| Distance from 52-week high | -57.1% | -7.9% | lowest of 21 |
| Revenue growth (TTM) | +23.6% | +8.9% | 3rd highest of 21 |
| Operating margin | 21.7% | 18.6% | 9th highest of 21 |
| Forward P/E | 5.1× | 10.3× | cheapest of 21 |
| Bond spread | 107 bp | 108 bp | 6th tightest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fidelity National Information Services FIS | United States | $14.8B | -33% | +24% | 22% | 5.1× | n/a | n/a |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 20% | 6.3× | n/a | n/a |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 11% | 13.1× | n/a | n/a |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 37% | 8.9× | n/a | n/a |
| Everest EG | United States | $15.2B | +18% | -9% | 15% | 7.1× | n/a | n/a |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 41% | 11.2× | n/a | n/a |
| Blue Owl Capital OWL | United States | $15.4B | -7% | +11% | 17% | 10.4× | n/a | n/a |
| Carlyle CG | United States | $14.1B | -22% | -44% | 14% | 10.2× | n/a | n/a |
| Equitable EQH | United States | $14.1B | +24% | +6% | 17% | 6.2× | n/a | n/a |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 31% | 8.2× | n/a | n/a |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 61% | 9.9× | n/a | n/a |
| Futu Holdings Ltd. Sponsored ADR FUTU | United States | $13.7B | -32% | +44% | 69% | 6.8× | n/a | n/a |
| Wise WSE | United States | $13.2B | -23% | +20% | 22% | 17.4× | n/a | n/a |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 9% | 9.1× | n/a | n/a |
| American Financial AFG | United States | $12.8B | +18% | +3% | 15% | 12.9× | n/a | n/a |
| Franklin Resources BEN | United States | $17.1B | +10% | +8% | 15% | 10.6× | n/a | n/a |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 9% | 10.3× | n/a | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 18% | 20.6× | n/a | n/a |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 19% | 6.1× | n/a | n/a |
| SEI Investments SEIC | United States | $12.5B | +15% | +13% | 30% | 15.3× | n/a | n/a |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 61% | 11.2× | n/a | n/a |
Fidelity National Information Services has 21 bonds outstanding with $16.7B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 5.34%, a spread of 107 bp over government bonds.
Fidelity National Information Services reported $24.5B of remaining performance obligations at 30 Sep 2026, up 9% from a year earlier and down 2% from the previous quarter. That is 1.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.85.