M&A
confidence high
sentiment positive
materiality 0.90
FIS to acquire Global Payments' Issuer Solutions for $13.5B, sell Worldpay stake for $6.6B
Fidelity National Information Services, Inc.
- Acquisition of Issuer Solutions at $13.5B enterprise value ($12B net); expected to close H1 2026.
- Sale of 45% Worldpay stake to Global Payments for $6.6B pre-tax at ~10.5x expected 2025 EBITDA.
- Preliminary Q1 2025 revenue $2.532B; adjusted EPS $1.21, both above prior outlook ranges.
- Net EBITDA synergies >$150M by year three; >$500M incremental adjusted FCF expected within 12 months post-close.
- FIS reaffirms full-year 2025 guidance for revenue, adjusted EBITDA, and adjusted EPS.