Fidelity National Information Services, Inc. (FIS)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$38.29
▲ +1.87 (5.13%)
Fair valueUndervalued
$55 +42.5% to fair value
$27fair band $46–$66$82
Day's range
$36.60 – $38.30
52-week range
$32.10 – $68.98
About Fidelity National Information Services, Inc.
Fidelity National Information Services, known as FIS, provides technology for banks, credit unions, capital markets firms and other financial institutions. Its offerings include core banking software, payments and card processing, digital banking, fraud and risk tools, and trading and capital markets systems. Customers are financial institutions, along with the businesses and consumers they serve.
FIS earns revenue from software licences, recurring processing fees and services charged to financial institutions. Revenue is $12.2 billion over the last twelve months, with growth of 3.2% a year across three years. The operating margin is 15.7%, and the business earns a profit of 4% on the capital invested in it. It carries net debt of 4.9 times EBITDA, and the dividend yield is 4.5%. On the site's X-Ray Score it receives 36 out of 100.
Price chart
52-wk range $32.10 – $68.98Volume 6,012,453Daily, split-adjusted
Vitals
Market cap$19.8B
52-week range$32.10 – $68.98
Volume (last day)6,012,453
P/E (TTM)5.9
EBIT / EV yield4.8%
Free-cash-flow yield–
Dividend yield4.5%
Revenue (TTM)$12.2B
Net income (TTM)$3.4B
Operating margin15.7%
Return on capital3.9%
Debt incl. leases$21.2B
Cash & securities$744M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$55middle half of models $49 – $59
Undervalued
+42.5% to fair value
Average of the 6 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $38
Undervalued < $46Fair $46 – $66Overvalued > $66
P/E multiple · not used
$93
P/B multiple
$47
P/S multiple
$65
EV/EBITDA multiple
$57
EV/EBIT multiple
$60
EV/revenue multiple
$55
10-year DCF, EBITDA exit · not used
$115
5-year DCF, EBITDA exit · not used
$88
10-year DCF, revenue exit · not used
$113
5-year DCF, revenue exit · not used
$87
10-year DCF, growth exit · not used
$106
5-year DCF, growth exit · not used
$79
Dividend discount, stable · not used
$205
Dividend discount, multi-stage · not used
$319
Earnings power value
$45
Growth the price implies
9.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
67/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.8%
Fair value vs price1.4×
Growth
Weak
43/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.2%
Growth consistency100%
Profitability
Weak
25/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital3.9%
Operating margin15.7%
Gross profitability9.9%
Financial health
Weak
6/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA4.9×
Interest cover3.2×
Dividends
Weak
36/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield4.5%
Dividend growth-9.4%
Quarterly results: last 6 quarters
+2.6%
Mar '25
+5.1%
Jun '25
+5.7%
Sep '25
+8.2%
Dec '25
+30.1%
Mar '26
+29.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.4B, diluted EPS $0.45.
Compare with peers
PYPL PayPal Holdings, Inc.65 JKHY Jack Henry & Associate...63 MA Mastercard Inc57 CPAY Corpay, Inc.55Other Transaction & Payment Processing Services companies by X-Ray Score.
SWOT analysis: Fidelity National Information Services, Inc.
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital is only 3.9% (median 9.9% for industry peers), so the business earns little above its cost of capital.
- Net debt is 4.9x EBITDA, above the 3x level that lenders usually watch.
Opportunitiesvaluation and setting
- Trades at 5.9x earnings, 75% below the 23.7x median of industry peers.
- The price is 43% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare FIS with peers and sector
Medians of 7 Transaction & Payment Processing Services peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): MA 57, PYPL 65, XYZ 45, CPAY 55, FISV 49, GPN 29.
| Metric | FIS | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 36 | 55 | 50 |
| Valuation | 67 | 51 | 52 |
| Growth | 43 | 54 | 54 |
| Profitability | 24 | 63 | 49 |
| Financial health | 6 | 61 | 51 |
| Dividends | 36 | 44 | 54 |
Sector leaders: highest X-Ray Score in Financials
FIS ranks #64 of 71 in Financials and #7 of 8 in Transaction & Payment Processing Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for FIS
Each factor is rated by where FIS stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 5 Good · 2 Average · 8 Bad of 15
Growth: 0 · 1 · 1
Profitability: 2 · 0 · 3
Financial strength: 0 · 0 · 4
Valuation: 3 · 1 · 0
| Factor | FIS | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +3.2% | Bad beats 19% | +8.3% | – | – |
| Revenue growth, last year | +5.4% | Average beats 34% | +6.9% | +3.0% | ▲ Better |
| Profitability | |||||
| Gross margin | 35.9% | Bad beats 30% | 47.1% | 36.9% | ≈ In line |
| Operating margin | 15.7% | Bad beats 19% | 29.1% | 14.7% | ≈ In line |
| Net margin | 27.6% | Good beats 75% | 21.8% | 3.6% | ▲ Better |
| Return on invested capital | 3.9% | Bad beats 6% | 13.5% | – | – |
| Return on equity | 21.0% | Good beats 74% | 15.7% | 0.9% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 4.9x | Bad beats 7% | 1.1x | 3.6x | ▼ Worse |
| Interest cover | 3.2x | Bad beats 5% | 50.0x | 4.5x | ▼ Worse |
| Current ratio | 0.53 | Bad beats 2% | 1.05 | 0.75 | ▼ Worse |
| Piotroski F-score | 4 / 9 | Bad beats 11% | 7 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 5.9x | Good beats 96% | 13.8x | 91.3x | ▲ Better |
| Price / book | 1.2x | Good beats 79% | 2.2x | 1.9x | ▲ Better |
| Price / sales | 1.6x | Good beats 82% | 3.1x | 4.2x | ▲ Better |
| EV / EBITDA | 9.7x | Average beats 59% | 10.8x | 17.0x | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 2 Good · ● 0 Average · ● 10 BadCash quality
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 29/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.3B | $9.7B | $9.8B | $10.1B | $10.7B |
| Operating income | $1.0B | $1.2B | $1.4B | $1.7B | $1.7B |
| Net income | $417M | −$16.8B | −$6.7B | $1.5B | $382M |
| Operating cash flow | $4.8B | $3.9B | $4.3B | – | – |
| Operating margin | 11.1% | 12.1% | 14.7% | 16.9% | 16.3% |
| Free cash flow | $4.5B | $3.7B | $4.2B | – | – |
| Diluted EPS | $0.67 | $-27.74 | $-11.26 | $2.61 | $0.73 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
8 bullish · 1 neutral · 7 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 35.82 | Bullish |
| EMA 10 | 36.08 | Bullish |
| SMA 20 | 34.74 | Bullish |
| EMA 20 | 35.74 | Bullish |
| SMA 50 | 37.36 | Bullish |
| EMA 50 | 37.01 | Bullish |
| SMA 100 | 39.02 | Bearish |
| EMA 100 | 39.35 | Bearish |
| SMA 200 | 43.75 | Bearish |
| EMA 200 | 44.44 | Bearish |
Oscillators (daily)
| RSI (14) | 66.48 | Neutral |
| MACD (12, 26) | 0.02 | Bullish |
| Momentum (12) | 14.57 | Bullish |
| Stochastic %K (14) | 99.83 | Bearish |
| Williams %R (14) | -0.17 | Bearish |
| CCI (20) | 160.1 | Bearish |
Pivot points (classic, last session)
S3 35.46 | S2 36.03 | S1 37.16 | Pivot 37.73 | R1 38.86 | R2 39.43 | R3 40.56 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.72 USD
Yield on today's price
4.49%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.4400 | |
| 0.4400 | |
| 0.4400 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.3600 | |
| 0.3600 | |
| 0.3600 | |
| 0.3600 | |
| 0.5200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold FIS
| ETF | Share of the fund |
|---|---|
| NULV Nuveen ESG Large-Cap Value | 0.62% |
| FDL First Trust Morningstar Dividend Leade... | 0.58% |
| CGUS Capital Group Core Equity | 0.56% |
| FMDE Fidelity Enhanced Mid Cap | 0.40% |
| VOE Vanguard Mid-Cap Value | 0.35% |
| JAVA JPMorgan Active Value | 0.30% |
| IYJ iShares U.S. Industrials | 0.28% |
| VFH Vanguard Financials | 0.27% |
The eight funds with the largest weight in FIS among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
FIS SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.