8-K
filed November 7, 2023, 6:59 PM ET
ticker FIS
CIK 0001136893
earnings
confidence high
sentiment positive
materiality 0.80
FIS Q3 continuing ops rev $2.5B (+3%), adj EPS $0.94, raises FY outlook, plans $500M buyback
Fidelity National Information Services, Inc.
2023-Q3 EPS reported
-$11.66
revenue$7,311,000,000
- Continuing ops revenue $2.489B (+3% GAAP, +4% organic); GAAP EPS $0.44, adj EPS $0.94.
- Adjusted EBITDA margin expanded 70bps to 43.0%; Banking Solutions $1.756B, Capital Markets $677M.
- Raised FY2023 total revenue outlook to $14.6-14.65B, adj EBITDA to $6.1-6.15B; introduced continuing ops outlook.
- Plans ~$500M share repurchase in Q4 2023; targets at least $3.5B in buybacks by end of 2024.
- Worldpay transaction with GTCR on track for Q1 2024 close; discontinued ops revenue $1.2B.
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 nine months ended September 30, 2023 guidance (raised).
- Period
- three and nine months ended September 30, 2023
- Guidance
- raised
- Result
- reported results
Exact text from the filing
On November 7, 2023, Fidelity National Information Services, Inc. issued a press release announcing financial results for the three and nine months ended September 30, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Fidelity National Information Services, Inc. reported three months ended September 30, 2023 results: revenue $2,489, net income $260, EPS $0.44. Guidance raised.
- Period
- three months ended September 30, 2023
- Revenue
- $2,489
- Net income
- $260
- EPS
- $0.44
- Guidance
- raised
- Result
- reported results
Exact text from the filing
lans to Resume Share Repurchases in the Fourth Quarter of 2023 • The Company now presents the operating results of the Worldpay Merchant Solutions business as discontinued operations • Third quarter GAAP Diluted Earnings Per Share for continuing operations of $0.44 and Adjusted EPS of $0.94 • Including discontinued operations, third quarter GAAP Diluted Earnings (Loss) Per Share of $(0.76), including a $1.5 billion non-cash charge related to the Worldpay Merchant Solutions business, and Adjusted EPS of $1.65 • Continuing operations revenue increased 3% on a GAAP basis and 4% on an organic basis to $2.5 billion; continuing operations adjusted EBITDA margin expanded 70 basis points (bps) to 43.0% • Announces increase to 2023 outlook, including discontinued operations, and introduces outlook for continuing operations • Announces plans to repurchase approximately $500 million of shares in th
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Fidelity National Information Services, Inc. reported third quarter 2023 results: revenue approximately $2.5 billion, net income $260 million, EPS $0.44 per diluted share. Guidance raised.
- Period
- third quarter 2023
- Revenue
- approximately $2.5 billion
- Net income
- $260 million
- EPS
- $0.44 per diluted share
- Guidance
- raised
- Result
- reported results
Exact text from the filing
charge related to the Worldpay Merchant Solutions business, and Adjusted EPS of $1.65 • Continuing operations revenue increased 3% on a GAAP basis and 4% on an organic basis to $2.5 billion; continuing operations adjusted EBITDA margin expanded 70 basis points (bps) to 43.0% • Announces increase to 2023 outlook, including discontinued operations, and introduces
View on SEC.gov
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