Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q1 2026 Earnings Presentation
37 slides from Fidelity National Information Services's earnings presentation, May 8, 2026
Slide 1: First Quarter 2026 Earnings Call
First Quarter 2026 Earnings Call May 8, 2026 Confidential and Proprietary
Slide 2: Speakers
Speakers First Stephanie Ferris 1 Quarter Chief Executive Officer and President Highlights Financial James Kehoe 2 Results & Outlook Chief Financial Officer 2
Slide 3: Disclosures
Disclosures Forward-looking Statements Our discussions today, including this presentation and any comments made by management, contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Any statements that refer to future events or circumstances, including our futur
Slide 4: First Quarter Highlights
KIS First Quarter Highlights
Slide 5: First Quarter 2026 Highlights
First Quarter 2026 Highlights DELIVERING OUR STRATEGY FINANCIAL RESULTS HIGHLIGHTS Technology at Scale +6.5% Pro Forma • Revenue outperformance across Revenue Growth(1) both Banking and Capital Markets Global Distribution & • Commercial momentum Marquee Client Base 39.6% Adjusted EBITDA with +24% re
Slide 6: Commercial Momentum Carrying Forward into 2026
Commercial Momentum Carrying Forward into 2026 Continued Strength Across High Predictable Enterprise-Wide ACV Growth Growth Vectors Margin Expansion Enterprise Recurring 1Q 26 Sales, $M ACV 1Q 26 Recurring Sales ACV Growth ‘26 vs. ‘25 growth +24% Money +3x Movement Favorable mix +13% enabling +63% 8
Slide 7: Innovation Runs Through FIS
Innovation Runs Through FIS ANTHROPIC PROJECT FIS DATA AND AGREEMENT KEYSTONE AI PLATFORM AI leaders develop Digital currency flows Real-time data with us through us resides with us Unique FIS Differentiators System of record Bank-grade compliance Trusted expertise infrastructure 7
Slide 8: Industry-Shaping Agreement
Industry-Shaping Agreement First Use Case of Many: Financial Crimes Agent + Design Partners Trust as the Engineering for the The Data Foundation Future Advantage Leveraging a durable FIS owned and Most comprehensive foundation of trust distributed; co-built real-time data set with Anthropic Why star
Slide 9: Orchestrated Intelligence Is A Coordinated Architecture
Orchestrated Intelligence Is A Coordinated Architecture REGULATED AI DATA TRUST INFRASTRUCTURE Regulated Systems-of- Bank-Grade Frontier Outcomes for Record Compliance AI Financial Data Infrastructure Institutions Models, Data, Governance and Workflow Operate Together 9
Slide 10: Strong First Quarter Setting Full Year Foundation
Strong First Quarter Setting Full Year Foundation 1 2 3 Banking Commercial Accelerating Strength Execution Innovation Strong banking tailwinds Momentum driving future Significant advances in driving continued growth revenue growth and product and partnerships agenda across industry margin expansion
Slide 11: Financial Results & Outlook
Financial Results & Outlook 11
Slide 12: 1Q 2026 Financial Results - FIS
1Q 2026 Financial Results - FIS Metrics Growth vs Prior Year 1Q ($ millions, except per share data) Results Adjusted(1) Pro Forma(2) Total Debt $21.1B Total Revenue $3,295 30.6% 6.5% Adj. EBITDA $1,304 36.2% 9.4% Leverage Ratio(3) 3.6x Adj. EBITDA Margin 39.6% 176 bps 87 bps Adj. EPS $1.36 12.4% Cap
Slide 13: 1Q 2026 Financial Results - Banking Solutions
1Q 2026 Financial Results - Banking Solutions Growth vs Prior Year 1Q Adjusted Pro Forma Highlights ($ millions) Results Banking $1,054 10.3% 10.3% • Strong start with Revenue +7.7% Payments $1,320 90.8% 5.9% including M&A of ~120 bps Total Revenue $2,374 43.9% 7.7% • Mid-single-digit recurring grow
Slide 14: 1Q 2026 Financial Results - Capital Markets
1Q 2026 Financial Results - Capital Markets Growth vs Prior Year Highlights 1Q ($ millions) Results Adjusted Pro Forma • Revenue at 2.9% including ~80 bps Total Revenue $823 2.9% 2.9% M&A contribution • 5ppt license renewal headwind offset Adj. EBITDA $424 7.9% 7.9% by ~125 bps from license timing A
Slide 15: FY 2026 Outlook
FY 2026 Outlook 2026 Growth vs Prior Year ($ millions, except per share data) Outlook Adjusted Pro Forma FY 2026 Comments Revenue $13,770 - $13,850 30% - 31% 5.1% - 5.7% Banking Solutions - 42% - 43% 5.0% - 5.5% • Reiterating full year guide Capital Markets - 5.5% - 6.5% 5.5% - 6.5% • Banking M&A of
Slide 16: Free Cash Flow Outlook
Free Cash Flow Outlook 2026 Free Cash Flow Growth Outpacing EPS Growth >3x FCF YoY Growth ~25% FCF 25 - 28 CAGR 27% - 33% >$3.0B +19% $2.05 - $2.15B +5% $1.6B $1.4B LTM $1.87B (1) 2024 2025 2026 2028 EXPECTING 2025 FREE CASH FLOW TO DOUBLE BY 2028 TO >$3B (1) We have simplified how we calculate free
Slide 17: 2Q 2026 Outlook
2Q 2026 Outlook 2Q 2026 Growth vs Prior Year ($ millions, except per share data) Outlook Adjusted Pro Forma 2Q 2026 Comments Revenue $3,375 - $3,395 31% - 32% 4.9% - 5.5% • Continued strength in Banking; M&A of ~110 bps Banking Solutions - 43% - 44% 5.5% - 6.0% • Capital Markets reflects: license Ca
Slide 18: Financial Summary
Financial Summary • Strong start to the year across all 1Q financial targets • Solid start on Revenue, with Pro Forma growth of 6.5% • Strong margin expansion in 1Q; well on track for ~95 - 110 bps of expansion for FY • Robust 1Q Free cash flow(1) generation; confident on FY target 18 (1) Defined as
Slide 19: Appendix
Fis Appendix 19
Slide 20: 2Q & FY 2026 Outlook – Additional Assumptions
2Q & FY 2026 Outlook – Additional Assumptions $ millions FY OUTLOOK 2Q OUTLOOK Positive F/X Impact to Revenue ~$80 ~$15 Corporate and Other Revenue ~$365 ~$90 Interest Expense ~$780 $200 - $205 Effective Tax Rate ~11.7% ~11.7% Shares Outstanding ~519M ~519M Depreciation and Amortization ~$1,375 ~$34
Slide 21: Pro Forma Historical Disaggregation of Revenue
Pro Forma Historical Disaggregation of Revenue 2025 2026 ($ millions) 1Q 2Q 3Q 4Q FY 1Q Recurring 1,950 2,015 2,092 2,099 8,156 2,073 Other Non-Recurring 138 171 191 190 690 218 Professional Services 143 149 168 157 617 138 Banking Solutions Revenue $2,231 $2,335 $2,451 $2,446 $9,463 $2,429 Recurrin
Slide 22: Pro Forma Historical Disaggregation of Revenue – Growth Rates
Pro Forma Historical Disaggregation of Revenue – Growth Rates 2025 2026 ($ millions) 1Q 2Q 3Q 4Q FY 1Q Recurring 3.5% 4.9% 5.4% 6.8% 5.1% 5.2% Other Non-Recurring 6.3% 13.7% 22.0% 34.6% 19.4% 58.1% Professional Services (7.3)% (8.1)% 5.0% (9.8)% (5.2)% (5.8)% Banking Solutions Revenue 2.9% 4.6% 6.5%
Slide 23: Pro Forma Historical Financials
Pro Forma Historical Financials 2024 2025 2026 ($ millions) FY 1Q 2Q 3Q 4Q FY 1Q Banking Solutions $8,951 $2,231 $2,335 $2,451 $2,446 $9,463 $2,429 Banking 3,639 951 949 1,019 1,027 3,946 1,054 Payments 5,312 1,280 1,386 1,432 1,419 5,517 1,375 Capital Market Solutions 3,039 787 783 799 898 3,267 82
Slide 24: Pro Forma Revenue Growth Calculation
Pro Forma Revenue Growth Calculation $ millions 2Q OUTLOOK FY OUTLOOK 2025 FIS Revenue $2,616 $10,677 2025 Issuing Revenue 615 2,509 “Pro Forma Combined” Revenue $3,231 $13,186 2025 Corporate & Other Revenue Adjustment (113) (456) 2025 Pro Forma Growth Input (A) $3,118 $12,730 2026 Revenue Outlook $
Slide 25: FIS Operating Segment Composition Post-Total Issuing Solutions Close
FIS Operating Segment Composition Post-Total Issuing Solutions Close Payments Banking Issuing: Debit + Credit Core Banking Solutions Network Digital – Retail 70% 74% Loyalty & Premium Payback Digital – Commercial of 2025 Revenue of 2025 PF Revenue Fraud Management Wealth & Retirement Value-Added Ser
Slide 26: 2026 Supplemental Cash Information
2026 Supplemental Cash Information ($ millions) 1Q Results FY Outlook FIS Excluding Total Issuing Solutions $99 $540 - $550 Total Issuing Solutions 34 215 - 225 Total Acquisition, Integration and Other Non-GAAP Cash Expenses $133 $755 - $775 Settlement Activity (19) N/A(1) Total Issuing Solutions In
Slide 27: Forward-Looking Statements
Forward-Looking Statements This earnings release and today’s webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, as well as other statements about our expectations, beliefs, intentions, or strategies regarding
Slide 28: Forward-Looking Statements
Forward-Looking Statements • the risk that partners and third parties may fail to satisfy their legal obligations to us; • the risks associated with managing pension cost, cybersecurity issues and IT outages experienced; • our ability to navigate the opportunities and risks associated with using and
Slide 29: FIS Use of Non-GAAP Financial Information
FIS Use of Non-GAAP Financial Information Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizi
Slide 30: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2026 BANKING CAPITAL MARKET OPERATING SEGMENT CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS TOTAL OTHER FIS Revenue $2,374 $823 $3,197 $98 $3,295 FX (25) (12) (37) (2) (39) Constant Currency Revenue $2,350 $811 $3,160 $96 $3
Slide 31: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2026 Net cash provided by operating activities $713 Capital expenditures (261) Free cash flow 452 Cash transaction taxes on the Worldpay Sale 22 Free cash flow excluding cash transaction taxes on the Worldpay Sale $474 THREE
Slide 32: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2026 2025 Net earnings (loss) attributable to FIS from continuing operations $2,366 $77 Provision (benefit) for income taxes 106 81 Interest expense, net 197 80 Equity method investment (earnings) loss, net of tax (2,214) 71
Slide 33: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2026 2025 Earnings (loss) attributable to FIS $2,366 $77 Equity method investment (earnings) loss, net of tax (2,214) 71 Earnings (loss) attributable to FIS, excluding equity method investment earnings (loss) $152 $148 Non-GA
Slide 34: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2026 2025 Earnings (loss) attributable to FIS $4.58 $0.15 Equity method investment (earnings) loss, net of tax (4.28) 0.13 Earnings (loss) attributable to FIS, excluding equity method investment earnings (loss) $0.29 $0.28 No
Slide 35: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations (1) This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. The
Slide 36: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations THREE MONTHS ENDED MARCH 31, 2026 2025 Continuing Operations: M&A transaction and integration expenses $55 $30 Enterprise transformation initiatives 93 113 Other - 10 Subtotal 148 153 Financing costs – Issuer Solutions acquisition (a
Slide 37: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 2026 MARCH 31, 2025 FIS’ share of Worldpay: Purchase accounting amortization $14 $158 Acquisition, integration and other costs (a) 4 49 Non-operating (income) expense (1) 11 Non-GAAP ta
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