$FIS · Fidelity National Information Services, Inc.
FIS filed an 8-K (Item 2.02) reporting Q3 2026 results. GAAP revenue rose 27% to $3.454B; GAAP net earnings were $356M ($0.69 diluted EPS). Adjusted EPS rose 6.6% to $1.61, Adjusted EBITDA rose 31% to $1.482B with margin up 111bps to 42.9%. The company updated FY2026 guidance: Adjusted revenue growth 28-29%, Adjusted EBITDA growth 29-30%, Adjusted EPS growth 1.2-2.4%, and Free Cash Flow of $2.15-2.25B.
- Q3 revenue $3.454B, up 27% GAAP and 29% adjusted; Pro Forma growth 3.7%.
- Adjusted EPS $1.61, up 6.6% YoY; GAAP diluted EPS $0.69.
- Adjusted EBITDA $1.482B, up 31%, margin 42.9% (up 111bps).
- FY2026 Adjusted EPS growth guided to just 1.2-2.4% ($5.82-$5.89).
- Debt outstanding $20.8B; buybacks curtailed to accelerate deleveraging toward ~2.8x leverage.
Extended-hours last trade $31.25, down 19.83% vs the $38.98 regular close, despite an earnings beat — signaling the market is reacting negatively to the weak FY2026 Adjusted EPS growth outlook (1.2-2.4%) and heavy $20.8B debt load.
A solid headline quarter is being overshadowed by a tepid FY2026 Adjusted EPS growth guide (1.2-2.4%) and a $20.8B debt load, driving a ~20% after-hours selloff.
FIS's 27% GAAP revenue jump is largely acquisition-driven (Total Issuing Solutions), with Pro Forma growth of just 3.7% — a reminder that headline fintech growth is being inflated by M&A rather than organic expansion.
The company's $20.8B debt and paused buybacks/tuck-in M&A reflect deleveraging pressure; Adjusted EPS growth of only 1.2-2.4% signals limited near-term earnings expansion despite the acquisition.