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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dan Dolev | Mizuho Securities | 12 (0%) |
| Jason Kupferberg | Wells Fargo | 11 (9%) |
| Darrin Peller | Wolfe Research | 10 (10%) |
| Bryan Bergin | TD Cowen | 10 (10%) |
| Tien-Tsin Huang | JPMorgan | 10 (10%) |
| Vasu Govil | KBW | 9 (0%) |
| Andrew Schmidt | KeyBanc Capital Markets | 6 (0%) |
| Will Nance | Goldman Sachs | 6 (0%) |
| Ramsey El-Assal | Cantor Fitzgerald | 5 (20%) |
| John Davis | Raymond James | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mizuho Securities | 1 | 12 (0%) |
| Wells Fargo | 1 | 11 (9%) |
| Wolfe Research | 1 | 10 (10%) |
| JPMorgan | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.60B | +3.5% | $0.52 | +23.4% | 37.6% | 19.0% | 10.8% | $-27M |
| FY2025 Q1 | $2.53B | +2.6% | $0.14 | -88.1% | 34.7% | 13.7% | 3.0% | $723M |
| FY2025 Q2 | $2.62B | +5.1% | $-0.90 |
| 10 (10%) |
| TD Cowen | 1 | 10 (10%) |
| KBW | 1 | 9 (0%) |
| KeyBanc Capital Markets | 1 | 6 (0%) |
| Goldman Sachs | 1 | 6 (0%) |
| -310.6% |
| 36.4% |
| 21.4% |
| -18.0% |
| $314M |
| FY2025 Q3 | $2.94B | +14.2% | $0.50 | +22.0% | 42.5% | 15.6% | 9.0% | $993M |
| FY2025 Q4 | $2.81B | +8.2% | $1.00 | +92.3% | 38.3% | 19.3% | 18.2% | $779M |
| FY2026 Q1 | $3.29B | +30.1% | $4.58 | +3058.6% | 33.6% | 16.0% | 71.8% | $695M |
| FY2026 Q2 | $3.38B | +29.1% | $0.45 | +150.0% | 34.8% | 15.0% | 6.8% | $238M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
FIS opened fiscal 2026 with a broad beat, delivering 6.5% pro forma revenue growth and adjusted EPS of $1.36, up 12.4% year over year, while free cash flow more than doubled to $474 million. Adjusted EBITDA margin expanded 87 basis points to 39.6% as both Banking and Capital Markets came in above the high end of guidance, and recurring ACV rose 24%, signaling durable forward growth. The strategic headline was an agreement with Anthropic to co-build an FIS-owned financial crimes agent, alongside the Project Keystone tokenized-deposit network with five U.S. banks. The one soft spot was Capital Markets, where a roughly 130 basis point lending headwind from macro-driven debt issuance softness tempered recurring growth, though management views it as transitory. FIS reiterated its full-year outlook of 5.1%-5.7% pro forma revenue growth and 8%-10% adjusted EPS growth.
Revenue Growth | M&A | Competitive Dynamics | Cloud & AI | Margin | Guidance Reliability | Capital Allocation | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 5 | 4 | 1 | 4 | 4 | 1 | |
| 2025Q1 | 8 | 8 | 4 | 3 | 1 | 1 | 2 | |
| 2025Q2 | 6 | 4 | 5 | 2 | 2 | 1 | 2 | |
| 2025Q3 | 6 | 5 | 7 | 2 | 2 | 1 | 1 | 1 |
| 2025Q4 | 4 | 5 | 3 | 3 | 2 | 2 | 1 | |
| 2026Q1 | 2 | 3 | 4 | 5 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8 | 8 | 6 | 6 | 4 | 2 |
| M&A | 5 | 8 | 4 | 5 | 5 | 3 |
| Competitive Dynamics | 4 | 4 | 5 | 7 | 3 | 4 |
| Cloud & AI | 2 | 2 | 3 | 5 | ||
| Margin | 1 | 3 | 2 | 2 | 2 | |
| Guidance Reliability | 4 | 1 | 1 | 1 | 1 | |
| Capital Allocation | 4 | 1 | 1 | 2 | ||
| Cost Pressure | 1 | 2 | 2 | 1 | 1 |
What FIS and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our recently announced partnership with FIS. This agreement expands our ability to deliver leading AML and fraud solutions to FIS' banking and payments clients.”
Nasdaq Verafin partnered with FIS to distribute AML and fraud solutions to FIS's banking and payments clients, extending Verafin's reach through FIS's channel.
“one of the key use cases we've launched with the FirstBank of Puerto Rico that we talked about is a commercial or consumer credit card line increase.”
FirstBank of Puerto Rico is a named client for a launched TSYS-plus-core cross-sell use case enabling credit line increases.
“Wells Fargo, absolutely no impact. We don't do consumer credit card processing there.”
FIS clarifies its Wells Fargo relationship is commercial credit processing, not consumer or core, and unaffected by Pismo's reported core win there.
“For Pismo, in terms of core banking, I don't see them materially moving anything in the market.”
FIS's CEO downplays the competitive threat from Visa subsidiary Pismo in core banking, calling it a ledgering capability rather than a full core.
“BMO and Amalgamated Bank are our design partners for this first agent.”
Amalgamated Bank is a named design partner for FIS's first financial-crimes AI agent.
“BMO and Amalgamated Bank are our design partners for this first agent.”
BMO is a named design partner for FIS's first financial-crimes AI agent.
“To be clear, FIS owns the agent and the regulated infrastructure, everything that is deployed to the bank. Anthropic provides the underlying LLM model.”
FIS partners with Anthropic, whose LLM underpins co-built banking AI agents; Anthropic is paid on token usage while FIS owns the agents and distribution.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FIS Fidelity National Information Services | 7 | +30.1% | |
| ACN Accenture | 8 | +8.3% | |
| BR Broadridge Financial Solutions | 8 | +7.8% | |
| CDW CDW | 8 | +9.3% | |
| CTSH Cognizant | 8 | +5.8% | |
| EPAM EPAM Systems | 8 | +7.6% | |
| FISV Fiserv, Inc. | 3 | -2.0% | |
| IBM International Business Machines Corporation | 8 | +9.5% | |
| IT Gartner | 8 | +2.0% | |
| JKHY Jack Henry & Associates | 8 | +8.7% | |
| LDOS Leidos | 7 | +3.6% |