Fidelity National Information Services (FIS) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 29% year-over-year to $3.4B, with pro forma revenue up 5.3% and strong growth in banking and payments segments, driven by the Total Issuing Solutions acquisition and organic momentum.

• Adjusted EBITDA grew 35% to $1.41B, margin expanded by 193 bps to 41.7%, and adjusted EPS increased 8.8% to $1.48.

• Free cash flow surged 220% to $525M, with the full-year outlook raised to $2.15–$2.25B.

• Net earnings attributable to shareholders were $231M, reversing a prior-year loss, and a $2.2B pre-tax gain was recorded from the Worldpay sale.

• AI investments and integration synergies from TSYS/Total Issuing Solutions are driving productivity, innovation, and commercial differentiation.

Financial highlights

• Q2 2026 revenue: $3.4B (up 29% year-over-year, up 5.3% pro forma); Banking Solutions revenue up 44% to $2.5B, Capital Markets up 3.5% to $810M.

• Adjusted EBITDA: $1.41B, up 35% year-over-year; margin expanded to 41.7%.

• Adjusted EPS: $1.48, up 8.8% year-over-year; GAAP EPS: $0.45.

• Free cash flow: $525M in Q2, up 220% year-over-year; $999M YTD.

• Debt outstanding as of June 30, 2026: $21.2B; leverage ratio at 3.5x.

Outlook and guidance

• Full-year 2026 adjusted revenue growth forecasted at 29–30%, pro forma growth at 4.5–5.0%.

• Adjusted EBITDA growth expected at 32–34%, margin 42.0–42.2%.

• Adjusted EPS outlook: $6.15–$6.24, up 7.0–8.5% year-over-year.

• Free cash flow outlook raised to $2.15–$2.25B, up 33–39% year-over-year.

• Share repurchases paused until target leverage is achieved; dividends to continue, targeting growth aligned with adjusted EPS.