Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (FIS) is a financial technology company that provides software, processing, and related services to banks, capital markets firms, insurers, and other businesses. Its platforms support core banking, digital banking, payments, treasury, risk, and trading workflows across the money lifecycle, with a large share of revenue recurring under multi-year contracts.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCore processing, digital banking, payments, and related software and services for financial institutions.
Buy-side and sell-side applications, data, analytics, trading, financing, treasury, and risk tools.
Cash management, working capital, market risk, credit risk, and compliance solutions for corporates and financial firms.
Implementation, consulting, and non-recurring software license revenue tied to client deployments.
Customers
FIS sells primarily to financial institutions, including large banks, community banks, and capital markets firms, but also serves insurers, asset managers, private equity firms, auto financiers, and commercial organizations. Customers buy FIS because its systems are mission-critical, deeply embedded in operations, and often contracted on a recurring, multi-year basis. The company also serves developers and businesses that need payments, treasury, or risk infrastructure integrated into their workflows.
Buy core banking, digital banking, payments, and servicing platforms to run customer accounts and transactions.
Buy trading, data, analytics, recordkeeping, and financing systems for front-, middle-, and back-office operations.
Buy risk management, compliance, and actuarial-oriented solutions to manage market, credit, and regulatory risk.
Buy treasury and cash management tools to improve liquidity visibility, working capital, and payment control.
Buy lending, payments, and workflow software to automate transaction-heavy operations.
Strategy
FIS is focused on expanding recurring revenue through integrated banking and capital markets platforms, while modernizing its technology stack with cloud, APIs, machine learning, and AI. Management is also emphasizing a platform-company model, tighter operating structure, and selective capital allocation toward higher-value products and markets.
Broader product suites increase cross-sell, retention, and switching costs.
Modern architecture improves scalability, product velocity, and client experience.
Portfolio pruning and investment discipline should improve growth quality and returns.
Geography
Q1/2026FIS is headquartered in Jacksonville, Florida and generates the majority of its revenue in the United States. International revenue is concentrated in the United Kingdom, Germany, Canada, Australia, Switzerland, France, the Netherlands, and Brazil, which makes the company exposed to local banking regulation, currency movements, and regional client spending patterns.
Risks
FIS depends on uninterrupted operation of its systems and those of vendors and partners, so cyberattacks, outages, and privacy breaches can directly disrupt client service and damage trust. The company also faces pricing pressure, technology disruption, and regulatory/compliance risk in payments and financial services, while its international footprint adds currency and execution complexity.
- Cybersecurity breach or service outageImpact: HighLikelihood: Medium
FIS operates critical financial systems and is a frequent target for attackers.
Exposure - Third-party/vendor failureImpact: HighLikelihood: Medium
The company relies on vendors and service providers for parts of its technology stack.
Exposure - Technology disruption and innovation lagImpact: MediumLikelihood: Medium
Clients can shift to newer digital banking and payments alternatives if FIS falls behind.
Exposure - Pricing pressure and client consolidationImpact: MediumLikelihood: Medium
Fewer community banks and more competitive alternatives can compress pricing.
Exposure: Banking Solutions
- Regulatory and network complianceImpact: MediumLikelihood: Medium
Payments and financial software must comply with evolving rules and network standards.
Exposure: Payment network requirements and financial services regulation
Accounting
Judgemental itemsManagement must separate distinct obligations and allocate transaction price across them.
Impact: Can shift revenue timing between periods
Software licenses, professional services, and managed services are recognized differently.
Impact: Affects quarterly comparability and reported growth
Acquisitions and portfolio changes create large intangible balances that may be impaired.
Impact: Potential non-cash charges if acquired businesses underperform
The company invests heavily in software and property/equipment to support the platform.
Impact: Influences operating cash flow, amortization, and future margins
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Last updated: 24/09/2026