Fidelity National Information Services (FIS) FY2025 results: revenue $10.7 billion, up 5.4% on the year

FIS is a financial technology company selling to financial institutions, businesses and developers. It builds and runs the software banks keep their customer accounts on, the systems that move card and account payments, and the trading, lending, treasury and risk applications used on both the buy and sell sides of the capital markets. It is headquartered in Jacksonville, Florida, incorporated in Georgia as Fidelity National Information Services, Inc., and traded on the New York Stock Exchange under the symbol FIS. At the end of 2025 it had more than 44,000 employees, over 27,000 of them principally employed outside the United States.

The merchant business went out and an issuer business came in

On 31 January 2024 FIS sold a 55% equity interest in its Worldpay Merchant Solutions business to private equity funds managed by GTCR, keeping a non-controlling 45% interest in a new standalone joint venture, Worldpay Holdco, and entering commercial agreements with it. On 17 April 2025 FIS agreed both to buy the Issuer Solutions business from Global Payments and to sell its remaining Worldpay interest to Global Payments. That transaction closed on 9 January 2026, and the Issuer Solutions purchase was funded through a combination of approximately $7.7 billion of new borrowing and the proceeds of the Worldpay minority interest sale. The Worldpay Merchant Solutions results have been recast as discontinued operations for every period shown, so the company no longer reports a Merchant Solutions segment and its share of Worldpay's earnings sat in equity method investment earnings.

Banking Solutions

The larger of the two operating segments, serving global financial institutions, United States regional and community banks, credit unions, commercial lenders, government institutions and other commercial organisations, mostly on multi-year processing contracts. Core processing software holds the primary records of a bank's customer accounts, covering deposit and lending, customer management and other central systems, with ancillary work in branch automation, back-office support and compliance. The digital suite connects customer-facing operations to back-office processes across branch, internet, mobile, ATM and call centre. Fraud, risk management and compliance covers the account lifecycle, from Know Your Customer and new account decisioning through account and transaction management, fraud management and collections, using proprietary risk models, predictive analytics, AI modelling and shared databases.

Card and retail payments lets a client issue payment network-branded credit and debit cards for consumer and business accounts, from card production and activation through processing to fraud management and loyalty programmes, including chip cards, stored-value cards, virtual cards, accounts payable and expense management, commercial processing, prepaid and gift cards and government benefit programmes. The filing is explicit that FIS does not make credit decisions for its card issuing clients. Electronic funds transfer and network adds settlement and card management for card issuers, a core-agnostic payment hub with real-time fraud monitoring, and several United States domestic debit, prepaid, ATM and credit networks that FIS owns and operates. Beyond that sit wealth and retirement solutions for client acquisition, transaction management, trust accounting and recordkeeping, and item processing and output solutions that capture data from cheques and transaction tickets, image and sort them, and handle print and mail and card personalisation fulfilment.

Capital Market Solutions

Serving asset managers, private equity firms, sell-side brokerage and trading firms, insurers, asset and auto financiers and other commercial organisations. Trading and asset services covers front, middle and back office across asset classes, from trade life-cycle management, market making, cleared derivatives processing, securities processing and finance and trade surveillance, through to portfolio management, valuation, corporate actions, reconciliation, investment and investor accounting, transfer agency and client reporting. Lending covers the full commercial lending life cycle from origination and credit assessment to servicing and analytics, plus leveraged and syndicated loan markets work and a leasing platform for auto and equipment finance companies. Treasury and risk brings receivables, treasury and payments together for a single view of cash, and manages market and credit risk, regulatory compliance for banks and actuarial risk for insurers. Clients buy these in several ways: licensing and running the technology in-house, using consultants and third-party service providers, or taking a fully outsourced end-to-end service.

Corporate and Other

Corporate overhead, certain leveraged functions such as marketing, finance, accounting, human resources, legal, compliance and internal audit, acquisition, integration and transformation costs, amortisation of acquisition-related intangibles, certain non-strategic businesses, and the other operating income from the transition services arrangements with Worldpay.

From FIS's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 24 February 2026: read the full 10-K.