earnings
confidence high
sentiment positive
materiality 0.85
FIS Q2 adjusted EPS $1.36, revenue up 4%; raises full-year outlook
Fidelity National Information Services, Inc.
2024-Q2 EPS reported
$1.71
revenue$4,957,000,000
- GAAP EPS $0.43; adjusted EPS $1.36 vs $0.76 prior year; revenue $2.5B (+3% GAAP, +4% adjusted).
- Banking Solutions rev $1.71B (+3%); Capital Markets $722M (+7%); adj EBITDA margin 40.1% (+110bps).
- Repurchased $1.1B shares in Q2; new $3B authorization; YTD repurchases $2.5B; dividend payout target 35%.
- FY2024 outlook raised: revenue $10.12-10.17B, adj EBITDA $4.115-4.14B, adj EPS $5.03-$5.11.
- Worldpay sale closed Jan 31; FIS retains 45% stake recorded as equity method investment.