Fidelity National Information Services, Inc.

FIS 10-Q · Q2 2025

FIS Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,616 2,490 +5.1%
Show Product Lines breakouts
Other non-recurring fees · Banking Solutions 109 112 -2.7%
Other non-recurring fees · Capital Market Solutions 6 1 +500.0%
Other non-recurring fees · Corporate And Other 6 3 +100.0%
Other non-recurring fees · Transferred At Point In Time 121 116 +4.3%
Other recurring · Banking Solutions 74 63 +17.5%
Other recurring · Capital Market Solutions 21 15 +40.0%
Other recurring · Corporate And Other 1 1 0.0%
Other recurring · Transferred Over Time 96 79 +21.5%
Professional Services [Member] · Banking Solutions 128 136 -5.9%
Professional Services [Member] · Capital Market Solutions 102 99 +3.0%
Professional Services [Member] · Corporate And Other 1 1 0.0%
Professional Services [Member] · Transferred At Point In Time 231 236 -2.1%
Software Licensing [Member] · Banking Solutions 48 37 +29.7%
Software Licensing [Member] · Capital Market Solutions 96 91 +5.5%
Software Licensing [Member] · Transferred At Point In Time 144 128 +12.5%
Software maintenance · Banking Solutions 98 90 +8.9%
Software maintenance · Capital Market Solutions 150 143 +4.9%
Software maintenance · Transferred Over Time 248 234 +6.0%
Transaction processing and services · Banking Solutions 1,351 1,273 +6.1%
Transaction processing and services · Capital Market Solutions 390 373 +4.6%
Transaction processing and services · Corporate And Other 35 51 -31.4%
Transaction processing and services · Transferred Over Time 1,776 1,697 +4.7%
Show Business Segments breakouts
Banking Solutions · All others 244 240 +1.7%
Banking Solutions · North America 1,564 1,471 +6.3%
Banking Solutions · Operating Segments 1,808 1,711 +5.7%
Banking Solutions · Operating Segments 1,523 1,426 +6.8%
Capital Market Solutions · All others 313 270 +15.9%
Capital Market Solutions · North America 452 452 0.0%
Capital Market Solutions · Operating Segments 765 722 +6.0%
Capital Market Solutions · Operating Segments 561 531 +5.6%
Corporate And Other · All others 20 34 -41.2%
Corporate And Other · North America 23 23 0.0%
Corporate And Other · Operating Segments 43 57 -24.6%
Corporate And Other · Operating Segments 36 53 -32.1%
Show Geography breakouts
All others 577 544 +6.1%
North America 2,039 1,946 +4.8%
Show Consolidation Items breakouts
Operating Segments 2,616 2,490 +5.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions 1,487 1,349 +10.2%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred Over Time 2,120 2,010 +5.5%
Cost of Revenue 1,664 1,546 +7.6%
Show Business Segments breakouts
Banking Solutions · Operating Segments 289 268 +7.8%
Capital Market Solutions · Operating Segments 45 41 +9.8%
Corporate And Other · Operating Segments 7 3 +133.3%
Show Consolidation Items breakouts
Operating Segments 341 312 +9.3%
Gross Profit 952 944 +0.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions 721 668 +7.9%
Selling, General & Administrative 572 609 -6.1%
Other Operating Income Expense Net (Q)
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Worldpay Merchant Solutions · Transition Services Agreement -28 -40 +30.0%
Show Related Party Transactions By Related Party breakouts
Related Party -28 -40 +30.0%
Operating Income 408 371 +10.0%
Interest Expense -110 -43 -155.8%
Other Non-Operating Income (Expense) -159 -13 -1123.1%
Show Consolidation Items breakouts
Material Reconciling Items -159 -13 -1123.1%
Interest Expenseand Nonoperating Income Expense -269 -56 -380.4%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 139 315 -55.9%
Income Tax Expense (Benefit) 10 87 -88.5%
Show Consolidation Items breakouts
Material Reconciling Items 10 87 -88.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions 533 -22 +2522.7%
Income Loss From Equity Method Investments -598 10 -6080.0%
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net -469 238 -297.1%
Net Income -469 239 -296.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions -140 -28 -400.0%
Income Loss From Continuing Operations Attributable To Noncontrolling Entity -1 -1 0.0%
Net Income -470 238 -297.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions -598 10 -6080.0%
Income Loss From Continuing Operations -470 237 -298.3%
Income Loss From Continuing Operations Per Basic Share -0.9 0.43 -309.3%
EPS (Basic) -0.9 0.43 -309.3%
Income Loss From Continuing Operations Per Diluted Share -0.9 0.43 -309.3%
EPS (Diluted) -0.9 0.43 -309.3%
Wtd Avg Shares (Basic) 525 554 -5.2%
Wtd Avg Shares (Diluted) 525 557 -5.7%
Income Before Taxes (Q)
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions -119 3 -4066.7%
Comprehensive Income -488 257 -289.9%
Net Income Loss Attributable To Noncontrolling Interest -1 -1 0.0%
Interest Income Expense Net (Q)
Show Consolidation Items breakouts
Material Reconciling Items -110 -43 -155.8%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 581
Settlement Assets Current 774
Accounts Receivable (Q)
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Worldpay Merchant Solutions · Related Party 43 169 -74.6%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 2,075 1,675 +23.9%
Related Party 43 169 -74.6%
Other Receivables Net Current 128
Prepaid Expenses & Other Current Assets 769 612 +25.7%
Total Current Assets 4,370
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions 9,990
Non-Current Assets
Property, Plant & Equipment 692 645 +7.3%
Goodwill 17,577
Show Business Segments breakouts
Banking Solutions 12,882
Capital Market Solutions 4,675
Corporate And Other 20
Show Business Acquisition breakouts
2024 Business Combinations 345
Other Non-Current Assets 1,805 1,591 +13.5%
Capitalized Contract Cost Net Noncurrent 1,245 1,143 +8.9%
Total Assets 33,373 34,598 -3.5%
Intangible Assets (Q)
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1 1.4 -28.6%
Trademarks and Other Intangible Assets 122 77 +58.4%
Other Assets
Intangible Assets Net Excluding Goodwill 1,172 1,508 -22.3%
Capitalized Computer Software Net 2,639 2,178 +21.2%
Equity Method Investments 3,873
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Worldpay Merchant Solutions 3.9
Current Liabilities
Accounts Payable And Accrued Liabilities Current 1,698 1,854 -8.4%
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Worldpay Merchant Solutions 21 36 -41.7%
Settlement Liabilities Current 795 541 +47.0%
Deferred Revenue (Current) 918 864 +6.2%
Short Term Borrowings 1,719
Long Term Debt And Capital Lease Obligations Current 2,318 578 +301.0%
Total Current Liabilities 7,448
Show Equity Method Investment Nonconsolidated Investee breakouts
Worldpay Merchant Solutions 7,805
Accounts Payable (Q)
Show Related Party Transactions By Related Party breakouts
Related Party 21
Commercial Paper (Q)
Show Debt Instrument breakouts
Euro-commercial paper notes ("ECP Notes") · FIS Credit Agreements 117
U.S. commercial paper notes ("USCP Notes") · FIS Credit Agreements 1,602
Show Short Term Debt Type breakouts
Commercial Paper 4.5
Current Portion of Long-Term Debt -2,318 -578 -301.0%
Non-Current Liabilities
Deferred Tax Liabilities 1,203 833 +44.4%
Other Non-Current Liabilities 1,682 1,354 +24.2%
Total Liabilities 19,201 17,557 +9.4%
Long-Term Debt 11,186 11,162 +0.2%
Long-Term Debt 8,868 10,584 -16.2%
Other Liabilities
Long Term Debt And Capital Lease Obligations 8,868 10,584 -16.2%
Stockholders' Equity
Common Stock 6 6 0.0%
Additional Paid-In Capital 47,229 47,024 +0.4%
Retained Earnings -23,075 -22,304 -3.5%
Accumulated Other Comprehensive Income -399 -413 +3.4%
Treasury Stock Common Value -9,593 -7,276 -31.8%
Total Stockholders' Equity 14,168 17,037 -16.8%
Minority Interest 4
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 14,172 16,975 -16.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -399 -413 +3.4%
Additional Paid In Capital 47,229 47,022 +0.4%
Common Stock 6 6 0.0%
Noncontrolling Interest 4 4 0.0%
Retained Earnings -23,075 -22,368 -3.2%
Treasury Stock Common -9,593 -7,276 -31.8%
Total Liabilities & Equity 33,373 34,598 -3.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest -392 237 -265.4%
Depreciation & Amortization 936 859 +9.0%
Show Business Segments breakouts
Banking Solutions 336 321 +4.7%
Capital Market Solutions 206 199 +3.5%
Corporate And Other 394 339 +16.2%
Amortization of Financing Costs 29 11 +163.6%
Asset Impairment Charges Including Discontinued Operations 2 18 -88.9%
Gain Loss On Sale Of Business 100 32 +212.5%
Stock-Based Compensation 96 87 +10.3%
Deferred Income Taxes -42 -118 +64.4%
Change in Accounts Receivable -142 126 -212.7%
Increase Decrease In Notes Receivable Related Parties 40 -169 +123.7%
Net Increase Decrease In Settlement Receivables 1 -3 +133.3%
Change in Prepaid & Other Assets 65 -122 +153.3%
Increase Decrease In Deferred Charges -180 -234 +23.1%
Change in Deferred Revenue 5 -6 +183.3%
Increase Decrease In Accounts Payable And Accrued Liabilities -348 -216 -61.1%
Net Cash Provided By Used In Operating Activities Continuing Operations 839 752 +11.6%
Investing Activities
Capital Expenditures -76 -43 -76.7%
Payments For Software -375 -342 -9.6%
Settlement Of Net Investment Hedge Cross Currency Interest Rate Swaps 0 -8 +100.0%
Cash Divested From Deconsolidation -1,417 -3,137 +54.8%
Payments To Acquire Businesses Net Of Cash Acquired -197 -56 -251.8%
Payments For Hedge Investing Activities -64 -54 -18.5%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 66 29 +127.6%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Worldpay Merchant Solutions 66 29 +127.6%
Other Investing Activities -63 -17 -270.6%
Show Derivative Risk breakouts
Interest Rate Swap · Fair Value Hedging -64 -53 -20.8%
Net Cash Provided By Used In Investing Activities Continuing Operations -2,126 9,168 -123.2%
Financing Activities
Proceeds From Issuance Of Long Term Debt 24,757 13,441 +84.2%
Repayments Of Long Term Debt -23,832 -21,396 -11.4%
Debt Issuance Costs -27
Share Repurchases -824 -2,522 +67.3%
Proceeds From Stock Options Exercised 8 1 +700.0%
Payments Of Dividends Common Stock -432 -409 -5.6%
Proceeds From Payments For Other Financing Activities (YTD)
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts
Net Investment Hedging 0 13 -100.0%
Net Cash Provided By Used In Financing Activities Continuing Operations -350 -10,845 +96.8%
Supplemental
Interest Paid 229 324 -29.3%
Income Taxes Paid 411 335 +22.7%
Other Cash Flow
Cash Provided By Used In Operating Activities Discontinued Operations 208 -345 +160.3%
Net Cash Provided By Used In Discontinued Operations 208 -449 +146.3%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 64 -19 +436.8%
Net Change in Cash -1,365 -1,419 +3.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 581 2,995 -80.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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