FIS reports Q2 GAAP EPS $(11.14) on $6.8B goodwill impairment; raises FY guidance

Fidelity National Information Services, Inc.

2023-Q2 EPS reported -$10.91 revenue$7,256,000,000

Revenue $3.7B (+1% GAAP, +2% organic); adjusted EPS $1.55 (-10% YoY).
Non-cash goodwill impairment of $6.8B in Merchant Solutions; GAAP net loss $6.6B.
Merchant Solutions revenue +1% organic to $1.31B; global volume +6% to $591B.
Banking Solutions revenue +2% organic to $1.70B; Capital Markets +7% organic to $672M.
FY 2023 revenue guidance raised to $14.5-14.63B on pre-discontinued ops basis; Q3 rev $3.64-3.69B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fidelity National Information Services, Inc. updated its three and six months ended June 30, 2023 guidance (raised).

Period: three and six months ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 2, 2023, Fidelity National Information Services, Inc. issued a press release announcing financial results for the three and six months ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fidelity National Information Services, Inc. reported second quarter 2023 results: revenue $3.7 billion, net income $(6,596) million or $(11.14) per diluted share, EPS $(11.14) per diluted share. Guidance raised.

Period: second quarter 2023
Revenue: $3.7 billion
Net income: $(6,596) million or $(11.14) per diluted share
EPS: $(11.14) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

FIS Reports Second Quarter 2023 Results • Increased second quarter revenue 1% on a GAAP basis and 2% on an organic basis to $3.7 billion • Generated second quarter GAAP Diluted Earnings (Loss) Per Share of $(11.14) and Adjusted EPS of $1.55

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Fidelity National Information Services, Inc. filing history →

Source: SEC EDGAR

accession 0001136893-23-000124

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