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.
Net new backlog added in the latest quarter: -$500M.
Over the last twelve months it turned about 54% of its opening backlog into revenue (12-month conversion).
34% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 3.8% of the backlog.
Twelve-month book-to-bill: 1.16, i.e. 1.16 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -15 points — revenue is catching up with orders.
By backlog size it ranks 38th among US filers the cockpit tracks.
Fidelity National Information Services backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$24.5B
$12.9B
1.9 yrs
$939M
30 Jun 2026
$25.0B
$12.2B
2.0 yrs
$1.01B
31 Mar 2026
$25.5B
$11.4B
2.2 yrs
$1.08B
31 Dec 2025
$23.5B
$10.7B
2.2 yrs
$957M
30 Sep 2025
$22.5B
$10.5B
2.2 yrs
$866M
30 Jun 2025
$22.5B
$10.3B
2.2 yrs
$918M
31 Mar 2025
$23.0B
$10.2B
2.3 yrs
$964M
31 Dec 2024
$23.5B
$10.1B
2.3 yrs
$902M
30 Sep 2024
$22.5B
$10.0B
2.2 yrs
$839M
30 Jun 2024
$22.5B
$9.96B
2.3 yrs
$864M
31 Mar 2024
$22.5B
$9.90B
2.3 yrs
$906M
31 Dec 2023
$23.5B
$9.83B
2.4 yrs
$829M
Questions
What is Fidelity National Information Services's backlog?
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.
How fast does Fidelity National Information Services's backlog turn into revenue?
Over the last twelve months Fidelity National Information Services recognised revenue equal to about 54% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.