secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Information Services, Inc. (FIS)
CIK:        0001136893
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001136893-24-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIS Q1 adj EPS $1.10 beats; raises FY adj EPS outlook to $4.88-4.98; buyback increased to $4.0B
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- Q1 continuing ops revenue $2.5B (+3% adj); GAAP EPS $0.03; adj EPS $1.10 (+53% YoY).
- Adjusted EBITDA margin expanded 200 bps to 39.5%; Banking margin up 350 bps to 44.3%.
- FY2024 adj EPS outlook raised $0.22 to $4.88-$4.98; revenue and EBITDA outlook reaffirmed.
- Share repurchase goal increased to $4.0B from $3.5B; $1.4B repurchased in Q1.
- Non-controlling 45% Worldpay interest recorded as equity-method investment; Jan contributed $403M disc ops revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136893/000113689324000060/0001136893-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136893/000113689324000060/fis-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001136893-24-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer