Fidelity National Information Services, Inc. (FIS) Earnings Call Transcripts

Fidelity National Information Services, Inc.'s Latest Earnings Call - September 8, 2026

In the Q3 2026 earnings call, Fidelity National Information Services, Inc. (FIS) reported a strong performance with a reaffirmation of guidance for the fiscal year. Revenue growth was supported by a focus on margin expansion and free cash flow, which has been raised to $2.2 billion, representing a 36% year-over-year increase. Management indicated a healthy outlook for recurring revenue, although they expect a slight moderation in growth rates due to the absence of M&A contributions in the second half of the year.

Reported metrics

Guidance from management

FIS reaffirmed its guidance for Q3 and the full year, expecting mid-single-digit growth in recurring revenue. The company remains confident in reaching a free cash flow target of $3 billion by 2028.

What management said

I'd just add, we're staring at the ones that have at least fit with the client base. And then secondarily, could it be accretive to top line growth over time? Yes. And I think we'll manage through the accretion dilution impact. It depends on the share price at the time. with lots of pieces to work through. Our goal would be to get back the share repurchases sooner broader than later.

Yes. I think that's potentially an opportunity versus the long-term growth rate on recurring we would -- we have a strong preference for less license episodic license activity and more recurring, but it needs to be managed over time. So we would expect in general, accelerating recurring and declining license activity.

What analysts pressed on

Analysts expressed concerns about the competitive landscape and the potential impact of the strategic review in capital markets. There are worries regarding the sustainability of growth rates without M&A contributions in the second half of the year.

Main topics on the call

• Free Cash Flow Guidance Raised — FIS raised its free cash flow guidance to $2.2 billion, which is a 36% increase year-over-year. CEO Stephanie Ferris stated, "we're very confident on the 3 billion by 2028," indicating a strong focus on cash generation.
• Recurring Revenue Growth — Management reaffirmed that both banking and capital markets will deliver mid-single-digit recurring growth for the year. Ferris emphasized the importance of focusing on "selling the right recurring product with the right...
• Strategic Review of Capital Markets — FIS is conducting a strategic review of select products within its capital markets portfolio to identify non-core offerings for potential divestiture. This aligns with their goal to pay down debt and focus on high-value ...
• AI and Technology Spending — Ferris noted that technology spending among banks continues to grow at 7% to 8%, with a significant focus on AI capabilities for fraud prevention and compliance. This positions FIS well to capture growth in this area.

Read the full Fidelity National Information Services, Inc. transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 87 Fidelity National Information Services, Inc. earnings call transcripts on record, spanning February 13, 2020 to September 8, 2026. Based on this history, Fidelity National Information Services, Inc. reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIS

Exchange

NYSE

Country

US

Sector

Financials

Industry

Financial Services

Calls on record

87

First call

February 13, 2020

Most recent

September 8, 2026

Reporting cadence

quarterly