NYSE$FIS

Fidelity National Information Services Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

FIS demonstrated strong financial performance, exceeding expectations and raising the full-year outlook.

FIS reported strong third quarter results with revenue increasing 3% on a GAAP basis and 4% on an adjusted basis to $2.6 billion. Adjusted EPS increased 49% to $1.40, and the company repurchased $500 million of shares. The company raised its full-year outlook for revenue, adjusted EBITDA, and adjusted EPS.

  • GAAP Diluted EPS increased 7% over the prior-year period to $0.45.
  • Adjusted EPS increased 49% over the prior-year period to $1.40.
  • Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.6 billion.
  • The company repurchased $500 million of shares in the third quarter.

Headline financials

Total Revenue

$2.57B

Previous: $2.49B+3.3%
EPS

$0.41

Previous: $1.65-75.2%
Adjusted EBITDA

$1.06B

No prior period
Adjusted EBITDA Margin

41.3%

Previous: 43.0%-4.0%
Capital Expenditures

-$79M

Previous: -$108M+26.9%
Free Cash Flow

$145M

Previous: -$557M+126.0%
Net Income

$224M

Previous: -$449M+149.9%
Operating Income

$490M

Previous: $475M+3.2%
Gross Profit

$977M

Previous: $966M+1.1%
Cash & Equivalents

$1.32B

Previous: $466M+183.9%
Total Assets

$34.3B

Previous: $53.2B-35.4%
Stock-Based Comp

$55M

Previous: $52M+5.8%

Revenue & EPS history

FIS · Revenue · Quarterly

$2.57B

Q3 2024+3.3%vs Q3 2023
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

For the full-year, the Company is raising the low-end of its outlook for both revenue and adjusted EBITDA and is raising its outlook for adjusted EPS by approximately 2% as compared to the prior outlook to $5.15 - $5.20. The adjusted EPS outlook reflects 11 months of EMI contribution for the full year.

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 2024

Historical avgQ3 2024

-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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