Fidelity National Information Services (FIS) UBS Global Technology and AI Conference summary

Strategic focus and operational simplification

• Post-Worldpay divestiture, focus shifted to core banking and capital markets, driving revenue growth from 3% to 4% with further acceleration expected in the medium term.

• Operational simplification and cost programs like Future Forward are removing $280 million in costs, offsetting dyssynergies from the divestiture.

• Enhanced customer centricity and improved digital sales have led to increased core signings and cross-sell, especially in community banking.

• Capital allocation has prioritized shareholder returns, with $4 billion in repurchases and a clear stance against unnecessary acquisitions.

• Execution in core markets remains the key driver for future upside.

Banking revenue growth and pricing

• Underlying banking revenue growth, excluding Worldpay and pandemic-related revenue, is estimated at 4%.

• Market share gains in community banks are expected to support future growth, with digital and core wins boosting confidence for 2025-2026.

• Pricing strategy is evolving, with less reliance on CPI escalators and more focus on reducing compression and bundling products.

• Improved product quality and digital investments are expected to reduce pricing pressure and enhance bundled sales.

• Positive pricing trends are anticipated in 2025 as sales and pricing sophistication increase.

Capital markets guidance and M&A

• Capital markets guidance for 2025-2026 includes 1.5-2 percentage points from acquisitions, with organic growth at 6.5%.

• Annual guidance only includes completed acquisitions, with transparency on acquisition impacts.

• An imminent acquisition will impact next year’s results, and guidance will be updated accordingly.