FIS Q3 Revenue Rises 27% to $3.45 Billion; Adjusted EPS Up 6.6% to $1.61
FIS grew third-quarter revenue 27% to $3.454 billion and adjusted EPS 6.6% to $1.61, according to its 8-K released Wednesday, as the payments and banking technology company pressed on with a strategic portfolio review.
GAAP net earnings attributable to common stockholders rose to $356 million, or $0.69 per diluted share, from $264 million, or $0.50, a year earlier. Adjusted net earnings were $831 million.
Acquisition drives the headline growth
Much of the jump came from the acquired Total Issuing Solutions business. On a pro forma basis, which adjusts for deals, revenue grew 3.7%, including 2.5% recurring revenue growth.
Banking Solutions revenue climbed 41% to $2.548 billion, with adjusted EBITDA up 44% and margin up 119 basis points to 47.4%. Capital Market Solutions revenue rose 3% to $823 million.
Total adjusted EBITDA increased 31% to $1.482 billion, and the margin widened 111 basis points to 42.9%.
"Client demand remains strong, and we are continuing to invest in what our clients care about most, security and innovation," said CEO and President Stephanie Ferris.
Cash and portfolio moves
Operating cash flow was $976 million, and free cash flow rose 8.0% to $862 million. FIS said it closed the divestiture of its non-core prepaid business and that its strategic portfolio review is ongoing.
Updated outlook
FIS now projects 2026 revenue of $13.445 billion to $13.505 billion, adjusted EBITDA of $5.565 billion to $5.605 billion and adjusted EPS of $5.82 to $5.89, or growth of 1.2% to 2.4%. Pro forma revenue growth is now seen at 3.1% to 3.6%.
The company kept its free cash flow target of $2.15 billion to $2.25 billion, excluding cash taxes on business dispositions, primarily the Worldpay sale.
By the numbers
- Q3 revenue: $3.454 billion, up 27%
- Pro forma revenue growth: 3.7%
- Adjusted EPS: $1.61, up 6.6%
- Free cash flow: $862 million, up 8.0%
- 2026 adjusted EPS guidance: $5.82 to $5.89
Sources
- FIS Form 8-K with third-quarter 2026 earnings release, filed Nov. 4, 2026 (accession 0001136893-26-000061)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.