NYSE$FIS
Fidelity National Information Services Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
FIS reported first quarter 2020 results with revenue increase driven by Worldpay acquisition and adjusted EBITDA margin expansion.
FIS reported a 50% increase in revenue to $3,078 million, driven by the acquisition of Worldpay. Adjusted EBITDA margin expanded to 40.5%. The company is focused on protecting employees and meeting client needs during the COVID-19 pandemic.
- Revenue increased 50% on a reported basis and 2% on an organic basis to $3,078 million.
- Achieved annual run-rate revenue and expense synergies of approximately $100 million and $580 million, respectively.
- Increased annual run-rate expense synergy target to at least $700 million exiting 2020.
- Generated net cash provided by operating activity of $383 million and free cash flow of $539 million.
Headline financials
Revenue & EPS history
FIS · Revenue · Quarterly
$3.08B
Revenue by segment
FIS · $2.14B total across 3 segments · Q1 2020
- Banking Solutions$1.46B+6.5%68.2%
- Capital Market Solutions$631M+10.3%29.4%
- Corporate and Other$50M-19.4%2.3%
Forward guidance
The Company remains committed to reducing its leverage incurred in the Worldpay acquisition while ensuring ample liquidity. Given the impacts associated with the ongoing COVID-19 pandemic, the Company now expects to extend the time period to achieve its target leverage into 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.6%
Avg return
30 days after
53%
38 / 72 earnings
Positive
+10.5%
Q1 2009
Best reaction
-24.3%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.0% | -11.1% | — | |
| Q4 2025 | +2.0% | +7.4% | -0.1% | |
| Q3 2025 | +2.5% | +3.6% | +5.6% | |
| Q1 2025 | -3.0% | +0.0% | +2.8% | |
| Q4 2024 | -11.5% | -16.5% | -15.6% | |
| Q3 2024 | -2.8% | -1.2% | -4.3% | |
| Q2 2024 | +5.0% | +6.6% | +13.3% | |
| Q1 2024 | +5.1% | +5.5% | +7.4% | |
| Q4 2023 | +4.2% | +7.7% | +14.3% | |
| Q3 2023 | +2.5% | +1.3% | +13.9% | |
| Q2 2023 | -6.2% | -4.5% | -7.2% | |
| Q1 2023 | +7.1% | -3.1% | -0.7% | |
| Q4 2022 | -10.1% | -7.9% | -31.6% | |
| Q3 2022 | -24.3% | -21.1% | -6.8% | |
| Q2 2022 | -6.5% | -5.9% | -13.6% | |
| Q1 2022 | +7.0% | +0.8% | +8.9% | |
| Q4 2021 | -9.9% | -14.2% | -14.6% | |
| Q3 2021 | +2.5% | +4.1% | -6.9% | |
| Q2 2021 | -7.4% | -3.8% | -8.8% | |
| Q1 2021 | +2.2% | -0.2% | -1.0% | |
| Q4 2020 | -0.1% | +1.6% | +8.7% | |
| Q3 2020 | -6.0% | -3.0% | +11.9% | |
| Q2 2020 | -1.6% | -0.8% | +1.3% | |
| Q1 2020 | -2.8% | -3.0% | +8.5% | |
| Q4 2019 | +6.4% | +5.2% | -12.2% | |
| Q3 2019 | -0.1% | -0.2% | +4.5% | |
| Q2 2019 | +6.8% | +8.4% | +10.4% | |
| Q1 2019 | +3.3% | +5.6% | +7.2% | |
| Q4 2018 | -2.1% | -0.2% | -1.2% | |
| Q3 2018 | +5.0% | +4.6% | +6.8% | |
| Q2 2018 | -2.0% | -0.8% | +2.5% | |
| Q1 2018 | +3.7% | +6.0% | +7.6% | |
| Q4 2017 | -0.4% | -2.2% | +2.1% | |
| Q3 2017 | -3.1% | -3.0% | -1.8% | |
| Q2 2017 | -1.6% | -1.4% | +0.5% | |
| Q1 2017 | -1.7% | -1.6% | +2.8% | |
| Q4 2016 | +0.6% | +1.4% | +3.3% | |
| Q3 2016 | +1.5% | +2.0% | +2.4% | |
| Q2 2016 | +3.7% | +2.1% | +2.2% | |
| Q1 2016 | +5.8% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -10.8% | — | — | |
| Q2 2015 | -2.3% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | +3.9% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | +5.1% | — | — | |
| Q3 2013 | +3.9% | — | — | |
| Q2 2013 | -2.5% | — | — | |
| Q1 2013 | +3.5% | — | — | |
| Q4 2012 | -1.0% | — | — | |
| Q3 2012 | +3.6% | — | — | |
| Q2 2012 | -3.4% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q2 2010 | -3.9% | — | — | |
| Q1 2009 | +10.5% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q4 2007 | +1.2% | — | — | |
| Q3 2009 | +2.6% | — | — | |
| Q3 2008 | +2.6% | — | — | |
| Q2 2009 | -0.2% | — | — | |
| Q2 2008 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — |
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