NYSE$FIS

Fidelity National Information Services Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

FIS delivered on financial commitments, increased full-year outlook, and planned to resume share repurchases.

FIS reported a 3% increase in revenue to $2.5 billion, with GAAP net earnings per share at $0.44 and adjusted EPS at $0.94. The company increased its full-year outlook and announced plans to repurchase $500 million of shares in Q4 2023.

  • Revenue increased 3% on a GAAP basis and 4% on an organic basis to $2.5 billion.
  • GAAP Diluted Earnings Per Share for continuing operations of $0.44 and Adjusted EPS of $0.94.
  • Adjusted EBITDA margin expanded 70 basis points (bps) to 43.0%.
  • Plans to repurchase approximately $500 million of shares in the fourth quarter of 2023.

Headline financials

Total Revenue

$2.49B

Previous: $3.6B-30.9%
EPS (adj)

$1.65

Previous: $1.74-5.2%
Adjusted EBITDA Margin

43.0%

Previous: 43.7%-1.6%
Capital Expenditures

-$108M

Previous: -$216M+50.0%
Free Cash Flow

-$557M

Previous: $33M-1787.9%
Net Income

-$449M

Previous: $249M-280.3%
Operating Income

$475M

Previous: $462M+2.8%
Gross Profit

$966M

Previous: $1.46B-33.7%
Cash & Equivalents

$466M

Previous: $1.93B-75.9%
Total Assets

$53.2B

Previous: $78.3B-32.1%
Stock-Based Comp

$52M

Previous: $53M-1.9%

Revenue & EPS history

FIS · Revenue · Quarterly

$2.49B

Q3 2023-30.9%vs Q3 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

FIS · $2.49B total across 3 segments · Q3 2023

  • Banking Solutions
    $1.76B+4.5%
  • Capital Market Solutions
    $677M+0.9%
  • Corporate and Other
    $56M-23.3%

Forward guidance

The company introduced its full-year 2023 outlook for continuing operations, excluding the impact from discontinued operations for both revenue and adjusted EBITDA.

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 2023

Historical avgQ3 2023

-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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