NYSE$FIS

Fidelity National Information Services Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

FIS reported Q4 and full-year 2019 results, showing revenue growth driven by the Worldpay acquisition and increased synergy targets for 2020 and beyond.

FIS reported a 54% increase in revenue for Q4 2019, reaching $3,341 million, primarily due to the acquisition of Worldpay. The company's adjusted EBITDA margin expanded by 470 basis points to 44.6%, and adjusted net earnings amounted to $977 million, or $1.57 per diluted share.

  • Revenue increased 54% to $3,341 million, driven by the Worldpay acquisition.
  • Organic revenue growth was 7% over the prior year period.
  • Adjusted EBITDA margin expanded 470 bps to 44.6%.
  • Adjusted net earnings was $977 million or $1.57 per diluted share.

Headline financials

Total Revenue

$3.34B

Previous: $2.17B+54.2%
EPS (adj)

$1.57

Previous: $1.60-1.9%
Adjusted EBITDA Margin

44.6%

Previous: 39.9%+11.8%
Capital Expenditures

$65M

Previous: $12M+441.7%
Free Cash Flow

$812M

Previous: $693M+17.2%
Net Income

-$158M

Previous: $298M-153.0%
Operating Income

$123M

Previous: $469M-73.8%
Gross Profit

$1.36B

Previous: $790M+71.5%
Cash & Equivalents

$1.15B

Previous: $703M+63.9%
Total Assets

$83.8B

Previous: $23.8B+252.6%
Stock-Based Comp

$264M

Previous: $18M+1366.7%

Revenue & EPS history

FIS · Revenue · Quarterly

$3.34B

Q4 2019+54.2%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

FIS · $2.23B total across 2 segments · Q4 2019

  • Banking Solutions
    $1.56B+5.6%
  • Capital Market Solutions
    $669M+7.6%

Forward guidance

FIS provided its first quarter and full-year 2020 guidance.

Tailwinds

  • Revenue: $3,180 - $3,210 million (Q1 2020), $13,550 - $13,675 million (FY 2020)
  • Adjusted EPS: $1.30 - $1.34 (Q1 2020), $6.17 - $6.35 (FY 2020)

Headwinds

  • Diluted EPS: $(0.15) - $0.00 (Q1 2020), $0.50 - $1.30 (FY 2020)

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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