We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
Fidelity National Information Services, Inc.
Financials · Transaction & Payment Processing Services
Structural: pure-play fintech infrastructure post-Worldpay separation (2024). Two-segment model - Banking Solutions (~65% rev, core processing for ~3000 US banks/CUs) + Capital Markets (~35% rev, treasury/lending/post-trade for buy-side and sell-side).
Revenue ~85% recurring, multi-year contracts, mid-single-digit organic growth target.
- Core banking modernization cycle - regional banks forced to upgrade legacy mainframe stacks; FIS + $FISV + $JKHY are the only three at scale
- Capital Markets segment growing high-single-digits; treasury + post-trade tailwinds from rate vol and T+1 settlement
- Buyback aggressive - $4B+ authorization, share count down materially post-spin
- Worldpay stake monetization (43% retained) provides optional cash unlock
- Mid-teens FCF margin, ~5% FCF yield at current cap
- Banking segment growth stuck at low-single-digits; share losses to $JKHY in mid-tier core wins
- Capital Markets exposure to buy-side fee compression
- Cloud-native challengers (nCino, Q2, Temenos) eating new-logo wins even if migration is slow
- Worldpay separation left FIS sub-scale in payments - no organic merchant acquiring lever
No major news in the last 7 days for FIS - only listicles and opinion pieces, which we filter out by default. See everything anyway.
No key levels recorded for this ticker.