Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q2 2025 Earnings Presentation
31 slides from Fidelity National Information Services's earnings presentation, Aug 7, 2025
Slide 1: Second Quarter 2025 Earnings Call
Second Quarter 2025 Earnings Call August 5, 2025 Confidential and Proprietary
Slide 2: Speakers
Speakers Second Stephanie Ferris 1 Quarter Chief Executive Officer and Highlights President 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: Second Quarter Highlights
HIS Second Quarter Highlights
Slide 5: Second Quarter 2025 Highlights
Second Quarter 2025 Highlights STRATEGY FINANCIAL RESULTS HIGHLIGHTS • Revenue exceeded Leveraging Our Strong Foundation +5% Adjusted expectations driven by strong Banking growth Revenue Growth Executing to Deliver Profitable Growth 39.8% Adjusted EBITDA • Sequential margin improvement of ~200 bps M
Slide 6: Select Client Wins
Select Client Wins MONEY MONEY MONEY AT REST IN MOTION AT WORK Consolidation Win Office of the CFO Strategic Partnership Two Premier Northeast Global Energy Leading Financial Financial Institutions Technology Company Services Technology Firm IBS Core Treasury Private Equity DIFFERENTIATED SOLUTION S
Slide 7: Strengthening Product Portfolio
Strengthening Product Portfolio M&A Update Innovation Update • Issuer acquisition and sale of Worldpay on • Launched Money Movement Hub; track simplifying payment acceptance for FI’s • Closed acquisition of strategic • Partnering with Circle to incorporate international payments business stablecoin
Slide 8: Financial Results & Outlook
Financial Results & Outlook 8
Slide 9: 2Q 2025 Financial Results
2Q 2025 Financial Results RESULTS Total Revenue Adj. EBITDA Margin Adjusted EPS $2.6B 39.8% $1.36 +5% Adjusted (3) bps +1% Growth KEY METRICS Adj. Free Cash Flow CapEx Capital Return Balance Sheet (as of 6/30/2025) $292M $218M $459M $12.9B 3.0x 2.9% Dividends and Share Leverage 52% Conversion(1) 8%
Slide 10: Banking & Capital Markets Financial Results
Banking & Capital Markets Financial Results 2Q 2025 RESULTS Total Revenue Adjusted Revenue Recurring Revenue % Revenue Recurring $2.6B +5% +6% 81% BANKING SOLUTIONS CAPITAL MARKETS Revenue Growth Revenue Growth +7% +5% +6% Recurring Revenue +5% Recurring Revenue Adjusted Adjusted +5% +10% Adj. EBITD
Slide 11: Banking & Capital Markets Financial Results (YTD)
Banking & Capital Markets Financial Results YTD 2025 RESULTS Total Revenue Adjusted Revenue Recurring Revenue % Revenue Recurring $5.1B +5% +5% 81% BANKING SOLUTIONS CAPITAL MARKETS Revenue Growth Revenue Growth +5% +5% +4% Recurring Revenue +7% Recurring Revenue Adjusted Adjusted +4% +27% Adj. EBIT
Slide 12: Raising Full-Year 2025 Outlook
Raising Full-Year 2025 Outlook METRICS ($ millions, except per share data) Prior Outlook Revised Outlook Outlook Call-Outs Revenue $10,435 - $10,495 $10,520 - $10,570 • Raising revenue outlook to account for FX and tuck-in M&A Adj. Revenue Growth 4.6% - 5.2% 4.8% - 5.3% Banking 3.7% - 4.4% 4.0% - 4.
Slide 13: 3Q 2025 Outlook
3Q 2025 Outlook METRICS ($ millions, except per share data) 3Q 2025 3Q 2025 Call-Outs Revenue $2,650 - $2,665 • Banking revenue moderated by Adjusted Revenue Growth 3.8% - 4.4% ~100 bps shift from 3Q to 2Q Banking 3.0% - 3.5% • Capital Markets revenue Capital Markets 5.5% - 6.5% accelerating from 2Q
Slide 14: Financial Summary
Financial Summary 2Q operational results ahead of outlook Confident in 2H revenue acceleration and margin expansion Raising FY outlook, now anticipate total shareholder return of 12% - 13%(1) 2Q capital return of $459M; on track for FY 2025 capital return of ~$2B Acquisition of Issuer Solu
Slide 15: 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 15
Slide 16: Appendix
HIS Appendix
Slide 17: 3Q & FY 2025 Outlook – Additional Assumptions
3Q & FY 2025 Outlook – Additional Assumptions $ millions 3Q 2025 OUTLOOK FY 2025 OUTLOOK Positive F/X Impact to Revenue ~$5 ~$10 Corporate and Other Revenue ~$40 ~$170 Interest Expense ~$90 $350 - $355 Effective Tax Rate ~12.0% ~12.0% Shares Outstanding ~525M ~526M Depreciation and Amortization ~$29
Slide 18: 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 19: 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 20: 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 21: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED JUNE 30, 2025 BANKING CAPITAL MARKET OPERATING CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS SEGMENT TOTAL OTHER FIS Revenue $1,808 $765 $2,573 $43 $2,616 FX (2) (8) (10) (1) (11) Constant Currency $1,806 $757 $2,563 $42 $2,605 Revenu
Slide 22: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials SIX MONTHS ENDED JUNE 30, 2025 BANKING CAPITAL MARKET OPERATING CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS SEGMENT TOTAL OTHER FIS Revenue $3,526 $1,529 $5,055 $93 $5,148 FX 4 (6) (2) 1 (1) Constant Currency $3,530 $1,523 $5,053 $94 $5,147 Revenue SI
Slide 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED JUNE 30, 2025 Net cash provided by operating activities $382 Non-GAAP adjustments: Acquisition, integration and other payments (1) 139 Settlement activity (11) Adjusted cash flows from operations $510 Capital expenditures (218) Adjuste
Slide 24: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED JUNE 30, 2025 2024 Net earnings (loss) attributable to FIS from continuing operations $(470) $237 Provision (benefit) for income taxes 10 87 Interest expense, net 110 43 Equity method investment (earnings) loss, net of tax 598 (10) Oth
Slide 25: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials SIX MONTHS ENDED JUNE 30, 2025 2024 Net earnings (loss) attributable to FIS from continuing operations $(393) $236 Provision (benefit) for income taxes 93 108 Interest expense, net 190 120 Equity method investment (earnings) loss, net of tax 669 76 Other
Slide 26: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED JUNE 30, 2025 2024 Earnings (loss) attributable to FIS from continuing operations $(470) $237 Equity method investment (earnings) loss, net of tax 598 (10) Earnings (loss) attributable to FIS from continuing operations, excluding equit
Slide 27: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED JUNE 30, 2025 2024 Earnings (loss) attributable to FIS from continuing operations $(0.89) $0.43 Equity method investment (earnings) loss, net of tax 1.13 (0.02) Earnings (loss) attributable to FIS from continuing operations, excluding
Slide 28: 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 29: Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations THREE MONTHS ENDED JUNE 30, 2025 2024 Continuing Operations: Acquisition and integration $43 $24 Enterprise transformation, including Future Forward and platform modernization 10 56 Severance and other termination expenses 46 9 Separ
Slide 30: 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 JUNE 30, 2025 THREE MONTHS ENDED
Slide 31: Supplemental Financial Information - Unaudited
Supplemental Financial Information - Unaudited Summary Worldpay Holdco, LLC financial information is as follows: THREE MONTHS ENDED THREE MONTHS ENDED JUNE 30, 2025 JUNE 30, 2024 Revenue $1,487 $1,349 Gross profit $721 $668 Earnings (loss) before income taxes $(119) $3 Net earnings (loss) attributab
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