FIS reported solid full-year 2025 results with revenue growth and increased adjusted EPS, driven by strong performance in its Banking Solutions segment. The company also introduced a positive 2026 outlook, projecting significant growth in revenue, Adjusted EBITDA, and Free Cash Flow, bolstered by recent acquisitions and strategic initiatives.
Full-year 2025 Adjusted EPS increased 10% over the prior year to $5.75.
positiveFull-year 2025 revenue increased 5% on a GAAP basis and 6% on an adjusted basis to $10.7 billion.
positiveFull-year 2025 Net cash provided by operating activities was $2.6 billion; Free cash flow increased 19% and Adjusted free cash flow increased 18% over the prior year.
positiveBanking Solutions segment revenue increased 9% on a GAAP basis and 8% on an adjusted basis in Q4 2025, with Adjusted EBITDA margin expanding by 132 basis points.
positiveCapital Market Solutions segment revenue increased 8% on a GAAP basis and 6% on an adjusted basis in Q4 2025, with Adjusted EBITDA margin expanding by 227 basis points.
positiveAdjusted EBITDA margin contracted by 36 basis points in Q4 2025 and by 28 basis points for the full year 2025, reflecting a more normalized level of corporate expense and short-term dilutive impact from strategic acquisitions.
attentionFull-year 2025 GAAP Net earnings attributable to common stockholders decreased 51% to $382 million, impacted by a $539 million non-cash expense related to the Worldpay stake sale.
negativeFull-year 2025 GAAP Diluted EPS decreased 49% to $0.73.
negativeThe company expects to temporarily pause share repurchases and tuck-in M&A to accelerate deleveraging.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Banking Solutions | N/A | — | — | — | +8.0% |
Capital Market Solutions | N/A | — | — | — | +6.0% |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
We are entering 2026 with continued strong momentum as our commercial excellence initiatives and investments in innovation are driving durable revenue growth and expanding margins.
With the Issuing acquisition, FIS now operates the most comprehensive financial data set in the industry - spanning the entire money lifecycle.
We are executing against a differentiated strategy, driving innovation across the enterprise, and are uniquely positioned for this generational moment in financial services.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.