Fidelity National Information Services
FIS · NYSEServices-Business Services, NEC · Fiscal year ends Dec 31
Fidelity National Information Services reported revenue of $10.7B in the fiscal year ended Dec 2025, up 5.4% from the year before. Operating income was $1.7B, an operating margin of 16.3%, and net income was $382M. Operating cash flow of $2.6B less capital expenditure of $154M left free cash flow of $2.5B. Net debt was $9.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $9.3B | $9.7B | $9.8B | $10.1B | $10.7B |
| Cost of revenue | $6B | $6.3B | $6.2B | $6.3B | $6.7B |
| Gross profit | $3.3B | $3.5B | $3.7B | $3.8B | $3.9B |
| Selling, general & admin | $2.1B | $2.2B | $2.1B | $2.2B | $2.3B |
| Operating income | $1B | $1.2B | $1.4B | $1.7B | $1.7B |
| Interest expense | $214M | $298M | $713M | $351M | $391M |
| Pre-tax income | $789M | −$16.3B | $662M | $1.3B | $1.2B |
| Income tax | $403M | $314M | $157M | $362M | $265M |
| Net income | $417M | −$16.8B | −$6.7B | $1.5B | $382M |
| Diluted EPS | 0.67 | −27.74 | −11.26 | 2.61 | 0.73 |
| Diluted shares | 621M | 604M | 591M | 555M | 525M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2B | $456M | $440M | $834M | $599M |
| Receivables | $3.8B | $1.8B | $1.7B | – | – |
| Current assets | $10.7B | $12.8B | $13.7B | $5.2B | $4.5B |
| Net PP&E | $949M | $709M | $695M | $646M | $691M |
| Goodwill | $16.9B | $16.8B | $17B | $17.3B | $17.8B |
| Total assets | $82.9B | $63.3B | $55B | $33.8B | $33.5B |
| Deferred revenue | $779M | $777M | $829M | $902M | $957M |
| Current liabilities | $14.5B | $16.2B | $18.2B | $6.1B | $7.6B |
| Short-term debt | $1.6B | $2.1B | $1.3B | $968M | $1.3B |
| Long-term debt | $14.8B | $14.2B | $13B | $9.7B | $9.1B |
| Total liabilities | $35.4B | $35.9B | $35.9B | $18.1B | $19.6B |
| Shareholders' equity | $47.3B | $27.2B | $19.1B | $15.7B | $13.9B |
| Backlog (remaining obligations) | $23B | $23.5B | $23.5B | $23.5B | $23.5B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $4.8B | $3.9B | $4.3B | $2.2B | $2.6B |
| Capital expenditure | $320M | $227M | $115M | $97M | $154M |
| Free cash flow | $4.5B | $3.7B | $4.2B | $2.1B | $2.5B |
| Depreciation & amortisation | $4B | $1.9B | $1.7B | $1.7B | $1.9B |
| Stock-based compensation | $383M | $189M | $120M | $186M | $181M |
| Acquisitions | $767M | $0 | $202M | $514M | $573M |
| Share buybacks | $2.1B | $1.9B | $522M | $4B | $1.4B |
| Dividends paid | $961M | $1.1B | $1.2B | $800M | $847M |
| Dividend per share | 1.56 | 1.88 | 2.08 | 1.44 | 1.60 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.1% | 1.1% | 3.0% | 5.4% |
| Operating income growth (YoY) | – | 13.1% | 23.0% | 18.1% | 1.9% |
| EPS growth (YoY) | – | −4240.3% | – | – | −72.0% |
| Gross margin | 35.9% | 35.6% | 37.2% | 37.6% | 36.9% |
| Operating margin | 11.1% | 12.1% | 14.7% | 16.9% | 16.3% |
| Net margin | 4.5% | −172.3% | −67.7% | 14.3% | 3.6% |
| Return on equityBlank when equity is negative | 0.9% | −61.5% | −34.9% | 9.2% | 2.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 1.5% | 2.5% | 3.9% | 6.2% | 6.7% |
| Free cash flow margin | 48.1% | 38.2% | 42.9% | 20.5% | 23.0% |
| Cash conversion (CFO ÷ net income) | 11.5x | −0.24x | −0.65x | 1.50x | 6.83x |
| Receivable days | 147 | 69 | 65 | – | – |
| Interest cover | 4.86x | 3.95x | 2.03x | 4.87x | 4.45x |
| Debt ÷ equity | 0.35x | 0.60x | 0.75x | 0.68x | 0.74x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $14.4B | $15.9B | $13.9B | $9.8B | $9.8B |
| Current ratio | 0.74x | 0.79x | 0.75x | 0.85x | 0.59x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.