Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q3 2025 Earnings Presentation
32 slides from Fidelity National Information Services's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings Call
Third Quarter 2025 Earnings Call November 5, 2025 Confidential and Proprietary
Slide 2: Speakers
Speakers Third 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: Third Quarter Highlights
KIS Third Quarter Highlights
Slide 5: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights STRATEGY FINANCIAL RESULTS HIGHLIGHTS Leveraging Our Strong Foundation +6.3%Adjusted • Strong recurring growth of 6.4% across the company Revenue Growth • Sequential margin Executing to Deliver Profitable Growth 41.8% Adjusted EBITDA improvement of ~200 bps driven by se
Slide 6: Favorable Industry Backdrop & Powerful Secular Trends
Favorable Industry Backdrop & Powerful Secular Trends • Operating environment supports robust IT spending Bank IT Spend • Digital, Payments, Lending and AI investments in focus • Consumer debit and credit spending remains strong YTD Resilient Consumer • Positive account growth across FIS banks • Cha
Slide 7: Momentum Across Key Components of our Sales Algorithm
Momentum Across Key Components of our Sales Algorithm Sales Customer Price Quality Result Total Renewal Contribution to Recurring Pipeline ACV Retention Growth ACV +13% +3% +60 bps +11% Growing Recurring Revenue YTD 2023 YTD 2025 YTD 2023 YTD 2025 YTD 2023 YTD 2025 YTD 2023 YTD 2025 Notes: 2-year CA
Slide 8: Banking Growth Strategy
Banking Growth Strategy Operational Excellence Core & Digital Payments Continuing focus on client Build on our proven strengths Increase payments growth by experience and sales with next-gen cores and improving sales execution excellence digital solutions and capitalizing on market trends 8
Slide 9: Digital Momentum Continues
Digital Momentum Continues Market Dynamics Business Performance Product M&A User Growth1 $10B U.S. TAM +33% ~12% ’25 -’28 TAM CAGR AI-powered platform for unified digital account origination • Bank spending on digital 2024 YTD 2025 YTD solutions remains robust • Open banking acceleration Key Client
Slide 10: Payments Acceleration
Payments Acceleration Market Dynamics Business Performance Product M&A Debit Transaction Growth $53B U.S. TAM +6% ~5% ’24 -’26 TAM CAGR Leading provider of integrated payment solutions in Canada • Card issuing transactions 2024 YTD 2025 YTD remain strong Issuing Scaled global • Acceleration of insta
Slide 11: Financial Results & Outlook
Financial Results & Outlook 11
Slide 12: 3Q 2025 Financial Results
3Q 2025 Financial Results FIS RESULTS - 3Q Total Revenue Adj. EBITDA / Margin Adjusted EPS $2.7B $1.1B / 41.8% $1.51 +6.3% Adjusted +7.1% YoY / +53 bps +7.9% YoY KEY METRICS – 3Q Balance Sheet (as of 9/30/2025) Free Cash Flow Adj. FCF CapEx Capital Return $13.0B 3.0x $798M $929M $214M $509M Total De
Slide 13: 3Q 2025 Banking & Capital Markets Financial Results
3Q 2025 Banking & Capital Markets Financial Results 3Q 2025 FIS RESULTS Total Revenue Adjusted Revenue Recurring Revenue % Revenue Recurring $2.7B +6.3% +6.4% 80% BANKING SOLUTIONS CAPITAL MARKETS Revenue Growth +6.0% Revenue Growth +7.6% +6.2% Recurring Revenue +6.4% Recurring Revenue Adjusted Adju
Slide 14: YTD 2025 Banking & Capital Markets Financial Results
YTD 2025 Banking & Capital Markets Financial Results YTD 2025 FIS RESULTS Total Revenue Adjusted Revenue Recurring Revenue % Revenue Recurring $7.7B +5.3% +5.4% 81% BANKING SOLUTIONS CAPITAL MARKETS Revenue Growth +5.2% Revenue Growth +5.9% +4.8% Recurring Revenue +6.6% Recurring Revenue Adjusted Ad
Slide 15: Raising Full-Year 2025 Outlook
Raising Full-Year 2025 Outlook METRICS ($ millions, except per share data) Prior Outlook Revised Outlook Outlook Call-Outs Revenue $10,520 - $10,570 $10,595 - $10,625 • Revenue outlook reflects strong 3Q Adj. Revenue Growth 4.8% - 5.3% 5.4% - 5.7% performance & Amount M&A Banking 4.0% - 4.5% 4.9% -
Slide 16: Financial Summary
Financial Summary • 3Q results ahead of outlook driven by strong recurring revenue growth • Increasing FY Revenue & EBITDA outlook • 3Q Adj. FCF conversion of 142%; raising FY cash conversion target to >85% • 3Q capital return of $509M; raised FY 2025 capital return target to $2.1B • Acquisition of
Slide 17: Durable Operating Model Across All Economic Cycles
Durable Operating Model Across All Economic Cycles We are: We have: We deliver: 1 Scaled Technology Leader 2 Global Distribution & Marquee Set 3 Broad Suite Of Best-of- Breed of Clients Solutions 17
Slide 18: Appendix
KIS Appendix
Slide 19: FY 2025 Outlook - Additional Assumptions vs. Prior Outlook
FY 2025 Outlook - Additional Assumptions vs. Prior Outlook $ millions PRIOR OUTLOOK REVISED OUTLOOK Positive F/X Impact to Revenue ~$10 ~$15 Corporate and Other Revenue ~$170 ~$180 Interest Expense $350 - $355 ~$350 Effective Tax Rate ~12.0% ~12.0% Shares Outstanding ~526M ~525M Depreciation and Amo
Slide 20: Forward-Looking Statements
Forward-Looking Statements This presentation 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 the
Slide 21: Forward-Looking Statements
Forward-Looking Statements • the risk that partners and third parties may fail to satisfy their legal obligations to us; • risks associated with managing pension cost, cybersecurity issues, IT outages and data privacy; • our ability to navigate the opportunities and risks associated with using and/o
Slide 22: 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 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED SEPTEMBER 30, 2025 BANKING CAPITAL MARKET OPERATING SEGMENT CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS TOTAL OTHER FIS Revenue $1,894 $783 $2,677 $40 $2,717 FX (3) (7) (10) (1) (11) Constant Currency $1,890 $777 $2,667 $39 $2,706 R
Slide 24: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials NINE MONTHS ENDED SEPTEMBER 30, 2025 BANKING CAPITAL MARKET OPERATING SEGMENT CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS TOTAL OTHER FIS Revenue $5,420 $2,313 $7,733 $132 $7,865 FX 1 (13) (12) 1 (11) Constant Currency $5,420 $2,300 $7,721 $133 $7,854
Slide 25: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED SEPTEMBER 30, 2025 NINE MONTHS ENDED SEPTEMBER 30, 2025 Net cash provided by operating activities $1,012 $1,850 Capital expenditures (214) (665) Free cash flow $798 $1,185 Non-GAAP adjustments: Acquisition, integration and other paymen
Slide 26: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2025 2024 2025 2024 Net earnings (loss) attributable to FIS from continuing operations $264 $246 $(128) $482 Provision (benefit) for income taxes 87 108 179 215 Interest expense, net 90 64
Slide 27: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2025 2024 2025 2024 Earnings (loss) attributable to FIS from continuing operations $264 $246 $(128) $482 Equity method investment (earnings) loss, net of tax 23 33 692 110 Earnings (loss) a
Slide 28: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2025 2024 2025 2024 Earnings (loss) attributable to FIS from continuing operations $0.50 $0.45 $(0.24) $0.86 Equity method investment (earnings) loss, net of tax 0.04 0.06 1.31 0.20 Earning
Slide 29: 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 30: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2025 2024 2025 2024 Continuing Operations: Acquisition and integration $33 $22 $84 $70 Enterprise transformation, including Future Forward and platform modernization 46
Slide 31: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations (8) This item represents FIS' proportionate share of Worldpay's non-GAAP adjustments on its earnings (loss) consistent with FIS' non-GAAP measures and is comprised of the following: THREE MONTHS ENDED THREE MONTHS ENDED NINE MONTHS E
Slide 32: Supplemental Financial Information – Unaudited
Supplemental Financial Information – Unaudited THREE MONTHS ENDED THREE MONTHS ENDED NINE MONTHS ENDED EIGHT MONTHS ENDED Summary Worldpay Holdco, LLC financial information is as follows: SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 Revenue $1,351 $1,248 $4,119 $3,429
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