Recent Updates — FIS
Fidelity National Information Services reported second quarter 2026 GAAP diluted EPS of $0.45 and adjusted diluted EPS of $1.48, an 8.8% increase year-over-year. Revenue rose 29% on a GAAP basis to $3.4 billion, driven by the acquisition of Total Issuing Solutions. The company updated its full-year 2026 outlook, projecting adjusted revenue growth of 29-30%, adjusted EBITDA growth of 32-34%, and free cash flow of $2.15-$2.25 billion. FIS temporarily paused share repurchases to accelerate deleveraging following the acquisition but intends to resume buybacks once gross leverage reaches approximately 2.8x. The company operates in the financial technology industry, providing payment processing and banking solutions.
Fidelity National Information Services, Inc. announced that Caroline Tsai will step down as Chief Legal & Corporate Affairs Officer and Corporate Secretary, effective July 1, 2026, and will serve as a senior advisor to the assist with transition until September 1, 2026. Chip Keller, currently the Chief Compliance Officer, will transition to the Chief Legal Officer and Corporate Secretary role effective July 1, 2026. Fidelity National Information Services, Inc. is a financial technology company providing payment processing and merchant services.
Fidelity National Information Services announced its financial results for the three months ended March 31, 2026, alongside updated financial guidance for the quarter ending June 30, 2026, and the full year ending December 31, 2026. This filing is material because it provides investors with a comprehensive view of the company's recent operational performance and its projected financial trajectory for the remainder of the fiscal year. Investors should review the accompanying press release for specific figures regarding revenue and earnings that will inform their valuation models.
Fidelity National Information Services announced that director Mark Benjamin has decided not to stand for re-election at the upcoming annual meeting. As a result of this departure, the Board of Directors has approved reducing the size of the board from ten members to nine. This governance adjustment is a key structural change for investors to note regarding the company's leadership composition.
Fidelity National Information Services announced the resignation of Firdaus Bhathena, the company's Chief Product Technology Officer, effective March 20, 2026. This departure represents a change in senior technical leadership, which investors may view as a potential shift in the company's product development strategy and technological direction. Such executive transitions are important indicators of internal corporate changes that could affect future growth and operational execution.