FIS
Fidelity National Information Services, Inc.
FIS's fundamentals are strong and it looks cheap: trading at 4.2x earnings, less than half its usual 67x. Analysts expect earnings to decline, though they disagree widely on how much.
FIS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Weak |
FIS's revenue, profitability and cash flow are currently strong, but its balance sheet is weak.
FIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 4.2x | $28.36 | — |
| Forward | 5.1x | $28.36 | — |
| Cheap | 31x | $207 | +630% |
| Fair | 67x | $447 | +1477% |
| Expensive | 376x | $2,518 | +8780% |
Historical ranges are pointers, not guarantees.
FIS's PE is in its cheap range at 4.2x. Analysts expect earnings to fall, which would put today's price at 5.1x next year's earnings.
FIS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Moderate | |
| Low |
Analysts expect FIS's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
FIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.53 | -17% |
| Q3 2026 | $6.70 | +2381% |
| Q2 2026 | $6.51 | +3517% |
| Q1 2026 | $5.16 | +239% |
| Q4 2025 | $0.73 | -72% |
| Q3 2025 | $0.27 | -89% |
| Q2 2025 | $0.18 | -87% |
| Q1 2025 | $1.52 | +$11.75 |
| Q4 2024 | $2.62 | +$13.86 |
FIS's earnings per share have jumped to their highest in seven years: $6.70 over the past year, up from $0.27 the year before.
FIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5B | +27% |
| Q2 2026 | $3.4B | +29% |
| Q1 2026 | $3.3B | +30% |
| Q4 2025 | $2.8B | +8.2% |
| Q3 2025 | $2.7B | +5.7% |
| Q2 2025 | $2.6B | +5.1% |
| Q1 2025 | $2.5B | +2.6% |
| Q4 2024 | $2.6B | +3.5% |
FIS's revenue has grown year over year for nine quarters in a row: $3.5B last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.3 points |
| Q2 2026 | 15% | -0.6 points |
| Q1 2026 | 13% | -0.9 points |
| Q4 2025 | 19% | -0.2 points |
| Q3 2025 | 17% | -2.3 points |
| Q2 2025 | 16% | +0.4 points |
| Q1 2025 | 14% | -0.9 points |
| Q4 2024 | 19% | +5.8 points |
FIS's operating margin was 19% last quarter, up 2.3 points from the same quarter a year ago, near the top of its range since 2019.
FIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $910M | -4.4% |
| Q2 2026 | $468M | +36% |
| Q1 2026 | $663M | +58% |
| Q4 2025 | $739M | -3.3% |
| Q3 2025 | $952M | +139% |
| Q2 2025 | $343M | -5.5% |
| Q1 2025 | $420M | +135% |
| Q4 2024 | $764M | -49% |
FIS's free cash flow has been positive every quarter for seven years: $2.8B over the past year, up 12% from the year before.
FIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.1% | -6M shares |
| 3 years | -13% | -75M shares |
| 5 years | -16% | -102M shares |
| Available history | -17% | -108M shares |
FIS has 517M diluted shares, down 1.1% from a year ago, with $435M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $23M |
| Q2 2026 | $52M |
| Q1 2026 | $67M |
| Q4 2025 | $293M |
| Q3 2025 | $308M |
| Q2 2025 | $287M |
| Q1 2025 | $537M |
| Q4 2024 | $1B |
FIS spent $435M buying back its own shares over the past year, down 80% from the year before.
FIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.4x | High |
| Q2 2026 | 4.9x | High |
| Q1 2026 | 5.2x | High |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.0x | Elevated |
FIS's net debt is about 4.4 years of its operating earnings (EBITDA), up from 3.5 years a year ago.
FIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 15.9 | Oversold |
FIS's weekly RSI is 29 (oversold) and its Stochastic is 16 (oversold).
FIS PE vs Technology Sector
| Metric | FIS | Sector median | Relative |
|---|---|---|---|
| PE | 4.2x | 28x | 85% below |
| PE % | 0 | 35 | 35 pts below |
FIS is trading at 4.2x earnings, a 85% discount to the Technology sector's median of 28x.
FIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.9 | 16% below |
| 20 week MA | $38.4 | 26% below |
| 50 week MA | $46.0 | 38% below |
| 100 week MA | $60.0 | 53% below |
| 200 week MA | $63.5 | 55% below |
FIS is in a downtrend: it's below all five of its weekly moving averages, and 55% below its 200-week average.
FIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.8 | $140.8 | +0.7% |
| 2021 | $140.8 | $109.1 | -23% |
| 2022 | $109.1 | $66.9 | -39% |
| 2023 | $66.9 | $60.1 | -10% |
| 2024 | $60.1 | $81.6 | +36% |
| 2025 | $81.6 | $67.2 | -18% |
| 2026 YTD | $67.2 | $28.4 | -58% |
FIS has finished lower in four of the last six years. It's down 58% so far in 2026.