FIS

FIDELITY NATIONAL INFORMATION SERVICES INC

Technology | Large Cap

$1.30

EPS Forecast

$3,308

Revenue Forecast

The company already released most recent quarter's earnings. We will publish our AI's next quarter's forecast around 2026-07-20

FIS Q1 2026: Margin Momentum, Worldpay Windfall, and a 2026 Revenue Forecast in Focus

FIS Inc. (NYSE: FIS) posted first-quarter 2026 results that mix a one-time windfall with ongoing operating strength, inviting a closer look at the EPS trajectory and the revenue forecast for the year. The company does not spell out an EPS consensus or an explicit earnings surprise in the filing, leaving investors to reconcile the numbers against Street expectations as the year unfolds.

Quarterly Highlights

  • GAAP revenue around $3.3 billion, up roughly 30% year over year, driven by strength in core payments and the Worldpay-related lift.
  • GAAP net earnings of about $2.4 billion, or $4.58 per diluted share, including a one-time gain of approximately $2.2 billion, net of tax, from the Worldpay Sale.
  • Adjusted EBITDA about $1.3 billion with an improved margin of 39.6%—a rise of roughly 176 basis points from the prior year.
  • Adjusted net earnings of $705 million and Adjusted EPS of $1.36 per diluted share, up about 12% year over year.
  • Net cash provided by operating activities of $713 million; Free cash flow up 111% versus the prior-year period.
  • Strategic note: The Total Issuing Solutions acquisition contributed to margin expansion, aided by favorable mix and cost savings.

Outlook and Revenue Forecast

For the full year 2026, FIS reiterates an ambitious, but coherent, set of targets: Adjusted revenue growth of 30-31%, Adjusted EBITDA growth of 34-35%, Adjusted EPS growth of 8-10%, and Free Cash Flow growth of 27-33%.

On a pro forma basis, the company models revenue growth of 5.1-5.7% and Pro Forma Adjusted EBITDA growth of 7.2-8.4%. The language frames these numbers as the backbone for ongoing margin progression and cash generation, even as the Worldpay windfall does not repeat itself in future quarters.

What It Signals for FIS and the Sector

The Worldpay sale injects a one-off tailwind into quarterly optics, but the enduring theme is execution on integration and portfolio mix. The margin expansion—driven by product mix, cost synergies, and the high-margin Total Issuing Solutions business—suggests FIS can translate scale into healthier earnings power without sacrificing top-line growth.

The Total Issuing Solutions acquisition appears to be a meaningful lever for earnings quality, adding to the segments that help sustain the 30%+ revenue pace while underpinning the higher EBITDA margin. For peers, the takeaway is subtle but important: firms that can absorb acquisitions, generate strong free cash flow, and maintain disciplined cost management may see the earnings line bend in their favor even as competition remains intense in payments and fintech services.

Risks and Context

Analysts will scrutinize how much of the quarter’s strength is a repeatable operating trend versus a one-time benefit from the Worldpay sale. The reliance on M&A-related margin uplift means execution risk around integration timelines, client retention, and the competitive landscape in payments remains an important x-factor for the rest of 2026.

Bottom Line

FIS delivered a first quarter that blends a windfall with disciplined execution, offering a clear lane for 2026 earnings and cash flow guidance. The GAAP EPS of $4.58 and Adjusted EPS of $1.36 sit in different frames, underscoring how one-time gains can distort quarter-to-quarter optics. Investors will watch whether the 2026 revenue forecast and pro forma growth figures translate into a steadier rhythm across the year, particularly as the sector adapts to a high-velocity payments environment.

Key terms: FIS, EPS, EPS consensus, earnings surprise, revenue forecast, Pro Forma, free cash flow, GAAP revenue, Adjusted EBITDA, Total Issuing Solutions, Worldpay Sale.