AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 29% to $3,377M on the January 2026 Issuer Solutions acquisition, but gross margin slipped to 35% and net interest expense jumped 82% to $200M.
Biggest Revenue Drivers
Banking Solutions$2,483M+44% YoY
Primarily due to revenue generated by the Issuer Solutions Business; excluding it, Banking revenue grew 6% on recurring and software license revenue
Capital Market Solutions$810M+3% YoY
Recurring revenue grew 5% largely from implementation of new sales, favorable pricing, and acquisitions; lower professional services revenue offset
Biggest Revenue Drivers
Total revenue: $3.38B+29% YoY
Banking Solutions$2,483M+44% YoY
Primarily due to revenue generated by the Issuer Solutions Business; excluding it, Banking revenue grew 6% on recurring and software license revenue
Within Banking Solutions
Issuer Solutions Business$666M
Revenue included in consolidated results for the three months ended June 30, 2026, following the January 9, 2026 acquisition
Capital Market Solutions$810M+3% YoY
Recurring revenue grew 5% largely from implementation of new sales, favorable pricing, and acquisitions; lower professional services revenue offset
Corporate and Other$84M-26% YoY
Decreased primarily due to the run-off of certain non-strategic businesses
Largest Expense Items
Cost of revenue$2,203M+32% YoY
Increased primarily due to expenses associated with the acquisition of the Issuer Solutions Business
Selling, general and administrative$684M+20% YoY
Increased primarily due to Issuer Solutions expenses, partially offset by benefits of continued cost management
Acquisition, integration and other costs$237M
Enterprise transformation initiatives $172M and M&A transaction and integration expenses $63M, including $107M of severance and termination benefits
Interest expense, net$200M+82% YoY
Increased primarily due to a $7.7 billion increase in borrowings used to fund the Issuer Solutions Acquisition
Margins: Gross profit margin fell to 35% from 36% and operating margin to 15% from 16%, due to the dilutive impact of the Issuer Solutions Business, including amortization of acquired intangible assets.
Watch Items from the Filing
Goodwill reached $25,026M; management says certain reporting units' fair value is increasingly sensitive to further declines in share price and market capitalization.
Debt outstanding totaled $21.2 billion at 3.8% effective weighted average rate; share repurchases temporarily curtailed after the acquisition, with $1.7 billion still authorized.
Remaining unfulfilled performance obligations approximate $25.0 billion, with about 34% expected to be recognized over the next 12 months.
Issuer Solutions, excluded from management's disclosure-controls assessment, was 19% of gross revenue and 33% of total consolidated assets at June 30, 2026.
Contingent consideration on 2026 acquisitions could reach $834 million through Q2 2033; a separate indemnification carries up to $170 million maximum exposure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Gibson KourtneyReporting ownerGrant or award · Jun 15, 2026
Stallings James B JRReporting ownerGrant or award · Jun 15, 2026
Anasenes NicoleReporting ownerGrant or award · Jun 15, 2026
Lauer Gary LReporting ownerGrant or award · Jun 15, 2026
Hook LisaReporting ownerGrant or award · Jun 15, 2026
Chakravarthy AnilDirectorGrant or award · Jun 15, 2026
Congress trading in FIS
46 transactions in FIS reported by 12 members of Congress under the STOCK Act, most recent trade Sep 18, 2026. Reported transactions, not recommendations.
About Fidelity National Information Services, Inc. (FIS): stock profile, AI score and financials
Fidelity National Information Services, Inc. (FIS) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FIS at 65.7/100 on a composite quality score built from its SEC filings, placing it at rank #458 of 2,925 stocks — the top 25% of the AI-ranked universe. FIS scores in the top quartile across earnings quality (88.1), revenue scale (87.9), free cash flow (77.4). Shareholder dilution risk is elevated at 42.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Fidelity National Information Services, Inc. reports quarterly revenue of $3.4B, net income of $231.0M, an operating margin of 15.0%. Top institutional holders of FIS by reported 13-F value include DODGE & COX, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FIS trades on the NYSE exchange and files with the SEC under CIK 1136893. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FIS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Fidelity National Information Services, Inc. directly from SEC EDGAR.