NYSE$FIS

Fidelity National Information Services Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Results demonstrated strength of FIS’ business model, with revenue increase driven by the Worldpay acquisition and adjusted EBITDA margin expansion through expense management and synergies.

FIS reported a 40% increase in revenue on a GAAP basis, driven by the Worldpay acquisition, while organic revenue decreased by 7% due to COVID-19 impacts and a tax filing deadline shift. Adjusted EBITDA margin expanded by 150 basis points to 39.1%.

  • Revenue increased 40% on a reported basis to $2,962 million.
  • Organic revenue decreased (7)%.
  • Diluted EPS (GAAP) was $0.03 and Adjusted EPS was $1.15.
  • Free cash flow was $655 million.

Headline financials

Total Revenue

$2.96B

Previous: $2.11B+40.2%
EPS (adj)

$1.15

Previous: $1.78-35.4%
Adjusted EBITDA Margin

39.1%

Previous: 37.6%+4.0%
Capital Expenditures

-$110M

Previous: -$57M-93.0%
Free Cash Flow

-$91M

Previous: $97M-193.8%
Net Income

$19M

Previous: $154M-87.7%
Operating Income

$46M

Previous: $391M-88.2%
Gross Profit

$916M

Previous: $708M+29.4%
Cash & Equivalents

$1.18B

Previous: $9.76B-87.9%
Total Assets

$82.6B

Previous: $32.9B+151.5%
Stock-Based Comp

$69M

Previous: $24M+187.5%

Revenue & EPS history

FIS · Revenue · Quarterly

$2.96B

Q2 2020+40.2%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

FIS · $2.15B total across 3 segments · Q2 2020

  • Banking Solutions
    $1.48B+9.0%
  • Capital Market Solutions
    $629M+5.9%
  • Corporate and Other
    $42M-34.4%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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