NYSE$FIS
Fidelity National Information Services Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
FIS reported an increase in revenue and achieved synergies.
FIS reported a 13% increase in revenue on a reported basis and 1% on an organic basis, reaching $3,197 million. The company achieved approximately $150 million in annual run-rate revenue synergies and over $700 million in expense synergies. Diluted EPS stood at $0.03, while Adjusted EPS reached $1.42. The company generated $1,411 million in net cash from operating activities and $866 million in free cash flow.
- Revenue increased by 13% on a reported basis and 1% on an organic basis, reaching $3,197 million.
- Annual run-rate revenue synergies reached approximately $150 million, and annual run-rate expense synergies exceeded $700 million.
- Diluted EPS was $0.03, and Adjusted EPS was $1.42.
- Net cash provided by operating activities was $1,411 million, with a free cash flow of $866 million.
Headline financials
Revenue & EPS history
FIS · Revenue · Quarterly
$3.2B
Revenue by segment
FIS · $2.18B total across 3 segments · Q3 2020
- Banking Solutions$1.51B+4.4%69.1%
- Capital Market Solutions$626M+2.5%28.7%
- Corporate and Other$47M-25.4%2.2%
Forward guidance
FIS expects to achieve revenue synergies exceeding $200 million and operational expense synergies exceeding $400 million in annual run-rate achievement exiting 2020.
Tailwinds
- Continued successful origination of new bank referral agreements.
- Premium Payback cross-selling wins.
- Revenue synergies remain on track to exceed $200 million in annual run-rate achievement exiting 2020.
- Expense synergies exceeding $700 million.
- Operational expense synergies remain on track to exceed $400 million in annual run-rate achievement exiting 2020.
Headwinds
- COVID-19 continues to impact financial results.
- Consumer spending impacting Merchant Solutions payments volume and transaction revenue have partially recovered.
- Certain verticals like travel, entertainment and hospitality continue to be significantly impacted.
- Revenue continues to be impacted by reduced payment processing volumes within Merchant Solutions segment.
- Transaction volume within Banking Solutions segment is impacted.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.1%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.2%
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% | -13.2% | |
| 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 2008 | +2.6% | — | — | |
| Q3 2009 | +2.6% | — | — | |
| Q2 2009 | -0.2% | — | — | |
| Q2 2008 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — |
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