Abstract

Fidelity National Information Services will report on February 24, 2026 Pre-Market; consensus points to revenue of $2.74 billion (up 4.32% year over year) and adjusted EPS of $1.69 (up 24.26% year over year), with investors watching Banking Solutions momentum, TSYS integration benefits, margins, and capital returns.

Market Forecast

The current quarter forecast for Fidelity National Information Services centers on revenue of $2.74 billion, implying 4.32% year-over-year growth, and adjusted EPS of $1.69, implying 24.26% year-over-year growth. Forecast gross margin and net profit margin were not disclosed in the available dataset, though the EPS inflection suggests expectations for incremental operating leverage versus the prior year.

Within the company’s operating structure, Banking Solutions and Capital Market Solutions remain the revenue pillars; the latest trendline anticipates steadier growth in the near term driven by issuer processing and software renewals, while efficiency gains and portfolio reshaping reinforce margin potential. The most promising segment cited by analysts is Banking Solutions, which contributed $1.89 billion last quarter and is positioned to capture TSYS integration tailwinds; this contribution, set against overall revenue rising 5.72% year over year in the last reported period, keeps it at the center of growth expectations.

Last Quarter Review

Fidelity National Information Services delivered last quarter revenue of $2.72 billion (up 5.72% year over year), a gross profit margin of 37.84%, GAAP net profit attributable to shareholders of $264.00 million, a net profit margin of 9.72%, and adjusted EPS of $1.51 (up 7.86% year over year).

A key financial highlight was the quality of beats: revenue exceeded the prior-quarter consensus while adjusted EPS was above expectations, underscoring progress on margin and execution disciplines. By business line, Banking Solutions generated $1.89 billion and Capital Market Solutions $783.00 million, supporting the 5.72% year-over-year increase in total revenue; “Corporate and Other” contributed $40.00 million.

Current Quarter Outlook (with major analytical insights)

Banking Solutions: Integration-led expansion and pricing discipline underpin the revenue engine

Banking Solutions is set to remain the central earnings driver this quarter, given its scale and its role in issuer processing. The $1.89 billion contribution last quarter confirms this segment’s importance, and the integration of TSYS’s issuer solutions—paired with the concurrent portfolio reshaping—has been described by analysts as transformational for operating cash flows and future accretion. Deutsche Bank’s research commentary within the last six months explicitly framed the portfolio moves as accretive, highlighting an expected incremental approximately $500.00 million in future cash flows in the first year post-close; if realized, this would improve operating headroom, enable reinvestment in platforms, and support margin expansion. Beyond integration economics, Banking Solutions stands to benefit from renewal cycles and cross-selling into the installed base, both of which can stabilize near-term bookings. A measured approach to pricing and contract terms typically allows for pass-through or indexed escalators, which buffer inflationary pressures without unduly elevating churn risk. While gross margin guidance was not provided in the forecast set, the step-up in projected adjusted EPS (up 24.26% year over year) versus revenue growth (up 4.32% year over year) implies internal efficiency, richer mix, or integration synergies flowing through to earnings. The immediate watch items are transaction ramp from the TSYS portfolio, timing of synergy capture, and any one-time integration costs that might dampen quarter-on-quarter optics even as year-on-year EPS expands.

Capital Market Solutions: Recurring revenue and project delivery cadence frame a steady contribution

Capital Market Solutions contributed $783.00 million last quarter, providing a steady second pillar for the top line. The near-term cadence for this segment often hinges on multi-year contracts, platform upgrades, and go-live schedules, leaving quarterly prints sensitive to timing but generally supported by recurring elements. For the current quarter, stable project delivery and the absence of major divestiture drag in this line should help sustain revenue contribution in line with recent trends, even if headline growth is paced below Banking Solutions. Margin translation from this segment can be influenced by the mix of high-touch implementation work versus SaaS-like components delivered at scale. With company-level adjusted EPS projected to advance materially faster than revenue year over year, there is an implicit assumption of incremental operating leverage from mix and cost programs that would also extend to Capital Market Solutions. The interplay of backlog conversion and services intensity will be a swing factor for segment-level margin, but the broader signal from forecasts points toward year-over-year profitability uplift at the consolidated level.

Key stock-price swing factors this quarter: guidance quality, portfolio synergy, and capital returns

Investor attention is likely to center on how management frames the near-term outlook relative to the forecasted $2.74 billion revenue and $1.69 adjusted EPS. Any update on synergy timing, integration milestones, or expected cadence of the incremental approximately $500.00 million in future cash flows highlighted by sell-side commentary would be central to the narrative around earnings durability into the next four quarters. Clarity on how the TSYS integration reshapes the revenue mix, client migration timelines, and investment needs will be pivotal to margin expectations through 2026. Capital allocation remains an active consideration. Within the last six months, the company announced an increase in its quarterly dividend to $0.44 per share from $0.40, reinforcing a commitment to returning cash to shareholders while balancing integration investment. A sustained dividend and a path to higher free cash flow, if underpinned by the portfolio actions, would be supportive for valuation multiples, especially alongside low- to mid-single-digit revenue growth translating into double-digit EPS growth as implied by the current forecast set. Finally, the tone of full-year commentary—particularly around operating margin trajectory, software mix, and any incremental restructuring or investment expense—can meaningfully affect how the market extrapolates the EPS inflection embedded in this quarter’s estimates.

Analyst Opinions

Across the views gathered within the past six months, the balance of opinion on Fidelity National Information Services is bullish, with no outright bearish calls identified; counting Buy/Outperform/Overweight versus Sell, the ratio skews approximately 6:0 in favor of the bullish camp. Multiple well-followed institutions have reiterated constructive stances while updating targets to reflect the new portfolio configuration and cash-flow profile. RBC Capital’s Daniel Perlin maintained a Buy rating with an $86.00 price target, emphasizing the strategic and financial merits that support improved earnings power. Mizuho Securities’ Dan Dolev reiterated a Buy with an $83.00 target, aligning with the view that the company’s execution on integration and product initiatives can lift margins and sustain low-single-digit to mid-single-digit revenue growth into an outsized EPS comp. TD Cowen’s Bryan Bergin reaffirmed a Buy while adjusting his target to $89.00, signaling confidence in the growth outlook despite normalized expectations for certain line items. William Blair’s Christopher Kennedy maintained a bullish stance as well, citing strong financial performance and strategic progress in the period. From a large-cap coverage perspective, JPMorgan underscored its Overweight rating even as it revised its target to $65.00 from $80.00 in a recent update, reflecting a more conservative multiple but continued confidence in the company’s cash-generation trajectory. Autonomous Research also maintained an Outperform rating, moving its target to $77.00 from $79.00, consistent with the theme of valuation discipline alongside operational optimism. The common thread in these views is the belief that portfolio reshaping—highlighted by the TSYS issuer solutions acquisition and the simultaneous sale of the minority Worldpay stake—enhances strategic coherence and near-term cash flows. Deutsche Bank, which recently resumed coverage with a Hold, nevertheless characterized the portfolio shift as transformational and potentially highly accretive, pointing to roughly $500.00 million in incremental future cash flows in the first year post-close; while neutral in rating, that assessment supports the bullish consensus case for free cash flow, funding both elevated investment and sustainable cash returns. Taking the majority view alone, the positive stance integrates three pillars: modest revenue growth centered on Banking Solutions’ scale and pipeline, EPS expansion driven by cost and mix, and a cleaner portfolio with improved capital return capacity. Against this backdrop, the current-quarter setup—revenue of $2.74 billion up 4.32% year over year and adjusted EPS of $1.69 up 24.26% year over year—serves as a near-term validation point for the operating model the company has been articulating through recent strategic actions. In sum, the prevailing analyst expectation is that Fidelity National Information Services can translate stabilized growth into enhanced earnings efficiency this quarter, with the quality of guidance, synergy disclosure, and capital-return signals likely to shape the magnitude of any post-print re-rating. The majority bullish camp looks for constructive commentary on issuer processing integration, sustained contribution from Capital Market Solutions, and continued cash deployment discipline to support the forecasted year-over-year EPS uplift well in excess of revenue growth.