Company Overview

Fidelity National Information Services, Inc. (FIS) is a leading global provider of financial technology solutions, serving financial institutions, businesses, and developers worldwide. The company operates through distinct segments that offer a comprehensive suite of services. Founded in 1968 and headquartered in Jacksonville, Florida, FIS was incorporated under the laws of the State of Georgia. Its stock is traded on the New York Stock Exchange under the trading symbol "FIS."

Business Segments

The company's operations are primarily structured around three key business segments:

Banking Solutions

This segment focuses on serving financial institutions by providing core processing software, transaction processing software, and complementary applications and services. Many of these solutions are designed to integrate directly with core processing software. The bank technology business is characterized by its stability, high levels of recurring revenue, and long-term contracts.

Capital Markets Solutions

The Capital Markets Solutions segment offers global financial services with both buy-side and sell-side solutions. Following the acquisition of SunGard in 2015, FIS is now a significant provider of record-keeping and other services to investment firms.

Corporate and Other

This segment encompasses corporate overhead expenses, leveraged functions, and various miscellaneous expenses not directly attributed to the primary business segments.

Strategic Developments

Worldpay Divestiture and Acquisitions

On January 31, 2024, FIS completed the sale of a 55% equity interest in its Worldpay Merchant Solutions business to GTCR. This marked a strategic unwinding of its July 2019 purchase of Worldpay, a major global merchant services provider. Further refining its strategy, on April 17, 2025, the Company announced the sale of its remaining Worldpay stake and the strategic acquisition of Global Payments' Issuer Solutions business.

Financial Performance

Recent Financial Results

In 2024, FIS reported a revenue of $10.12 Billion USD, an increase from the $9.82 Billion USD recorded in 2023.

#### Q1 2025 Performance

- GAAP Diluted EPS: $0.15

- Adjusted EPS: $1.21 (an 11% increase over the prior-year period)

- Revenue: $2.5 billion (a 3% increase on a GAAP basis and 4% on an adjusted basis)

- The company repurchased $450 million of shares in the first quarter and reiterated its goal to repurchase $1.2 billion of shares for the full year.

#### Q2 2025 Performance

- Revenue: $2.6 billion

- The results indicated continued positive business momentum and financial outperformance, largely driven by the Banking segment. This performance led the company to raise its full-year outlook.

#### Full Year 2024 Results

- GAAP Diluted EPS: $1.42 (a 67% increase over the prior year)

- Adjusted EPS: $5.22 (a 56% increase over the prior year)

- Revenue: $10.1 billion (a 3% increase on a GAAP basis and 4% on an adjusted basis)

- For the year, the Company returned $4.8 billion of capital to shareholders through $4.0 billion of share repurchases and $800 million of dividends paid.

Market Position

FIS serves a vast client base of over 20,000 customers in more than 130 countries. Headquartered in Jacksonville, Florida, FIS is a recognized entity within the financial industry, listed as a member of the Fortune 500® and the Standard & Poor's 500® Index. As of December 31, 2024, the company employed more than 50,000 individuals globally, with over 32,000 dedicated to operations and development.

Future Outlook

The Company projects accelerated revenue growth for the full year, targeting a range of 4.6% to 5.2%. This is expected to be accompanied by adjusted EBITDA margin expansion of 40 to 45 basis points and adjusted EPS growth of 9% to 11%.

Key drivers for this outlook include the growing demand for digital and AI-powered payment solutions, coupled with strategic partnerships. These factors are anticipated to boost recurring revenues and improve long-term margins. Furthermore, operational streamlining and international expansion initiatives are contributing to lower costs, sustained revenue momentum, and an enhanced future earnings outlook.

Dividend and Share Returns

FIS remains committed to shareholder returns. The company plans to repurchase approximately $1.2 billion of shares in 2025. Additionally, FIS continues to target a dividend payout ratio of approximately 35% of adjusted net earnings, excluding EMI. On January 30, 2025, FIS' Board of Directors approved an 11% increase in the quarterly dividend, raising it to $0.40 per share.

FIS is actively transforming its business model while consistently delivering strong financial performance and returning significant capital to shareholders through both share repurchases and dividend payments.