earnings
confidence high
sentiment positive
materiality 0.85
FIS reports Q3 adjusted EPS $1.40 (+49% YoY), raises full-year adjusted EPS outlook to $5.15-$5.20
Fidelity National Information Services, Inc.
2024-Q3 EPS reported
$2.08
revenue$7,528,000,000
- GAAP diluted EPS $0.45 (+7% YoY); adjusted EPS $1.40 (+49% YoY) on revenue $2.6B (+4% adjusted).
- Banking Solutions revenue $1.8B (+3% adjusted); Capital Markets $730M (+7% adjusted); segment margins expanded.
- Repurchased $500M in Q3; year-to-date $3.0B; targets $4.0B total share repurchases in 2024.
- Raises adjusted EPS outlook to $5.15-$5.20 (~2% vs prior); revenue guidance low-end raised to $10.14-10.17B.
- Adjusted EBITDA margin 41.3% (down 140 bps); adjusted free cash flow $530M.