NYSE$FIS

Fidelity National Information Services Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

FIS reported third quarter results with revenue and earnings in line with outlook amidst deteriorating macroeconomic conditions.

FIS reported a 3% increase in GAAP revenue and a 5% increase in organic revenue, reaching $3.6 billion. Diluted EPS was $0.41, and adjusted EPS was $1.74. The company returned $1.3 billion to shareholders through share repurchases and dividends and announced an Enterprise Transformation Program targeting at least $500 million in cash savings.

  • Revenue increased 3% on a GAAP basis and 5% on an organic basis to $3.6 billion.
  • Diluted EPS was $0.41, and adjusted EPS was $1.74.
  • Returned $1.3 billion of capital to shareholders through share repurchases and dividends paid.
  • Announced Enterprise Transformation Program targeting at least $500 million in cash savings.

Headline financials

Total Revenue

$3.6B

Previous: $3.51B+2.8%
EPS (adj)

$1.74

Previous: $1.73+0.6%
Adjusted EBITDA Margin

43.7%

Previous: 45.2%-3.3%
Capital Expenditures

-$216M

Previous: -$193M-11.9%
Free Cash Flow

$33M

Previous: -$35M+194.3%
Net Income

$249M

Previous: $158M+57.6%
Operating Income

$462M

Previous: $138M+234.8%
Gross Profit

$1.46B

Previous: $1.33B+9.6%
Cash & Equivalents

$1.93B

Previous: $1.39B+39.0%
Total Assets

$78.3B

Previous: $81.7B-4.1%
Stock-Based Comp

$53M

Previous: $79M-32.9%

Revenue & EPS history

FIS · Revenue · Quarterly

$3.6B

Q3 2022+2.8%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

FIS · $2.42B total across 3 segments · Q3 2022

  • Banking Solutions
    $1.68B+4.3%
  • Capital Market Solutions
    $671M+2.6%
  • Corporate and Other
    $73M-11.0%

Forward guidance

The Company updated its fourth quarter and full-year 2022 guidance to align with changes in the macroeconomic environment, reduced visibility pertaining to non-recurring revenue streams, incremental costs associated with ongoing inflation, and new sales timing.

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 Q3 2022

Historical avgQ3 2022

-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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