FIS (company)

Fidelity National Information Services, Inc.
FIS
TypePublic
IndustryFinancial technology
PredecessorSystematics, Inc
Founded1968 (58 years ago) (1968)
Headquarters
Jacksonville, Florida
,
U.S.
Area served
Worldwide
Key people
ProductsBanking Technology, Payment Technology, Processing Services, Information-based services
RevenueIncrease US$10.7 billion (2025)
Decrease US$382 million (2025)
Total assetsDecrease US$33.5 billion (2025)
Total equityDecrease US$13.9 billion (2025)
Number of employees
50,000+ (2024)
Websitefisglobal.com
Footnotes

Fidelity National Information Services, Inc. (FIS) is an American financial technology company headquarterd in Jacksonville, Florida, which focuses on core banking, payments and capital markets. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.[clarification needed]

The company was founded as Systematics in 1968. It is publicly traded as FIS. FIS was ranked second in the FinTech Forward 2016 rankings. After acquiring Worldpay for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.

History

The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division. Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS).

Throughout its history, FIS expanded through a number of acquisitions, including Certegy, eFunds Corporation, Metavante Technologies and SunGard. It acquired Worldpay in 2019, sold a majority interest in 2024, and sold its remaining ownership interest in January 2026. In January 2026, FIS acquired Global Payments' Issuer Solutions business, formerly known as TSYS, for approximately $13.5 billion.

Operations

FIS provides technology and processing services to banks, businesses and capital markets organizations. Its services include core banking, payments, card issuing and processing, lending and capital markets technology.

FIS has a portfolio of products for the financial services sector, including both retail and investment banking. They include "Profile"―a banking application based on the open source GT.M, a transaction processing database engine maintained by FIS.

Mergers, acquisitions and divestments

Throughout its history, FIS has made many acquisitions. Its largest, a proposed merger with Global Payments, was reported as being worth US$70 billion of combined enterprise value. Discussions about the merger were halted in December 2020.

Divestments

In February 2023, in the wake of pressure from activist investors, the company announced it would spin off its merchant business that consisted of Worldpay in the 12 months that followed. In July 2023, FIS agreed to sell a 55 percent stake in Worldpay to private equity firm GTCR for $11.7 billion, valuing Worldpay at $18.5 billion. On February 1, 2024, the company announced it had completed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 billion, including US$1 billion contingent on returns realized by GTCR. FIS will maintain commercial agreements with Worldpay and will create a joint strategic go-to-market partnership between the two entities.

In April 2025, Global Payments agreed to acquire Worldpay, for $22 billion from GTCR and FIS. As part of this deal, they also agreed to sell their Issuer Solutions business, TSYS, to FIS for $13.5 billion. The transaction was completed in January 2026, and upon completion of the transaction, FIS no longer held an ownership interest in Worldpay.

Finances

FIS has experienced fluctuating revenue and profitability in recent years, influenced by acquisitions, divestitures, and restructuring efforts, most notably around its Worldpay business. After a decline in 2022, the company stabilised its performance in 2023 and returned to growth in 2024.

In 2024, FIS reported $14.51 billion in revenue, an increase from $14.50 billion in 2023. Operating income grew significantly to $3.55 billion, and net income reached $1.94 billion, reflecting improved margin performance following the spin-off of Worldpay. As of Q1 2025, the company reported strong quarterly results with a 3% year-over-year revenue increase and an adjusted EPS of $1.21. It expects to return over $1.2 billion to shareholders in 2025 through share repurchases and dividends.

Year Revenue
in mil. US$		 Net income
in mil. US$		 Total Assets
in mil. US$		 Price per Share
in US$		 Employees
2005 2,688 197 4,189 15.77 15,000
2006 2,417 259 7,631 18.08 16,000
2007 2,893 561 9,795 22.46 18,000
2008 3,360 215 7,500 17.28 20,000
2009 3,711 106 13,998 18.23 25,000
2010 5,146 405 14,176 23.27 30,000
2011 5,626 470 13,873 25.85 33,000
2012 5,796 461 13,550 29.22 34,000
2013 6,063 493 13,960 40.54 38,000
2014 6,413 679 14,521 52.41 40,000
2015 6,596 632 26,200 62.80 55,000
2016 9,241 568 26,031 69.40 55,000
2017 9,123 1,319 24,517 86.11 53,000
2018 8,423 846 23,770 102.55 47,000
2019 10,333 298 83,806 139.09 55,000
2020 12,552 158 83,842 141.46 62,000
2021 13,877 417 82,931 109.15 65,000
2022 14,530 -16,572 83,290 63.00 65,000
2023 14,500 -6,655 76,290 65.70 53,000
2024 14,510 1,450 69,820 74.30 45,000

Controversies

On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information. This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a class-action lawsuit against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".

In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.

On January 16-17, 2025, FIS reported a power outage causing technical issues at a large number of banks, including Capital One. Depositors reported not being able to access online or mobile banking or not having accurate current data.

References

  1. ↑ "FIS". FinTech Magazine. Retrieved September 30, 2026.
  2. 1 2 3 4 "Fidelity National Information Services, Inc. Form 10-K for the fiscal year ended December 31, 2025". U.S. Securities and Exchange Commission. February 24, 2026. Retrieved August 31, 2026.
  3. ↑ "FIS, Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 13, 2025.
  4. ↑ Cannon, James (September 21, 2026). "Jacksonville-based FIS lands core banking business for newly created $100B institution". Jacksonville Business Journal. Retrieved September 29, 2026.
  5. ↑ Fuscaldo, Donna (March 18, 2019). "FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up". Forbes.
  6. ↑ "Critical Capabilities for Retail Core Banking Systems, North America". Gartner. September 7, 2026.
  7. ↑ "Walter V. Smiley: Arkansas Business Hall of Fame". Sam M. Walton College of Business. Retrieved September 29, 2026.
  8. ↑ "Fidelity National Information Services, Inc". United States Securities and Exchange Commission. August 4, 2026.
  9. ↑ "FinTech Forward 2016". American Banker. Archived from the original on August 19, 2019. Retrieved August 19, 2019.
  10. 1 2 Fuscaldo, Donna. "FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up". Forbes. Retrieved May 20, 2020.
  11. ↑ Vrana, Debora (January 30, 2003). "Fidelity National to Make $1-Billion Purchase". Los Angeles Times.
  12. ↑ "Alltel Sells Financial Services Division for $1 Billion". ProQuest 234916262.
  13. ↑ Kuehner-Hebert, Katie (August 12, 2015). "FIS Buys SunGard for $9.1 Billion". CFO.
  14. ↑ "Fidelity National Information Services, Inc". United States Securities and Exchange Commission. December 31, 2010.
  15. ↑ "FIS posts lower profit on weaker consumer spending volumes". Reuters. February 26, 2024.
  16. ↑ Hansen, Zachary (January 12, 2026). "Georgia is a payments giant. A blockbuster deal in that world is complete". The Atlanta Journal-Constitution.
  17. ↑ Casperson, Nicole (January 15, 2026). "FIS Closes $13.5 Billion Fintech Deal, Launches Agentic Commerce". Forbes.
  18. ↑ Merji, Ali; D'Orazio, Vittorio (September 7, 2026). "Critical Capabilities for Retail Core Banking Systems, North America". Gartner.
  19. ↑ "Critical Capabilities for Banking Payment Hub Platforms". Gartner. February 24, 2026.
  20. ↑ Fuscaldo, Donna (March 18, 2019). "FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up". Forbes.
  21. ↑ "Enterprise Financial Systems - FIS".
  22. ↑ "Tuning and Optimizing the Red Hat Core Banking Pla" (PDF). www.redhat.com. 2007. Retrieved September 15, 2019.
  23. 1 2 3 4 "About Our Company - FIS".
  24. ↑ "FIS, Global Payments Held Unsuccessful Talks to Merge". Wall Street Journal. December 20, 2020.
  25. ↑ "FIS acquires WebTone Technologies | Startup Ranking". StartupRanking. Retrieved December 29, 2020.
  26. ↑ "Fidelity National buys WebTone". www.bizjournals.com. Retrieved December 29, 2020.
  27. ↑ "Fidelity National Financial acquires Sanchez". January 29, 2004.
  28. ↑ "Fidelity National Financial to acquire Aurum Technology". February 9, 2004.
  29. ↑ "Fidelity National Financial acquires Bankware and Pro-Soft". April 7, 2004.
  30. ↑ "Fidelity to buy InterCept; postpones IPO". September 9, 2004.
  31. ↑ "Certegy shareholders agree to Fidelity merger". January 27, 2006.
  32. ↑ "Fidelity completes eFunds acquisition". Finextra. September 12, 2007. Retrieved April 14, 2026.
  33. ↑ "Media Room".
  34. ↑ "FIS to Acquire Compliance Coach, Inc". Retrieved July 5, 2018.
  35. ↑ "Capco - Financial Services Business and Technology Consultants".
  36. ↑ "FIS To Sell 60% Equity Interest In Capco; To Receive $477 Mln In Cash Proceeds". May 22, 2017.
  37. ↑ "- FIS acquisition of Platform Securities completed".
  38. ↑ "FIS acquires mobile banking guru mFoundry for $120 million". February 3, 2013.
  39. ↑ "FIS acquires loan origination software vendor CMSI". Finextra Research. April 14, 2014. Retrieved December 29, 2020.
  40. ↑ "FIS Acquires Loan Origination Company CMSI". American Banker. April 14, 2014. Retrieved December 29, 2020.
  41. ↑ "FIS Completes Acquisition of Reliance Financial Corporation".[permanent dead link]
  42. ↑ "Acquisition of Clear2Pay Bolsters FIS' Enterprise Payments Portfolio". Retrieved September 3, 2014.{{cite web}}: CS1 maint: deprecated archival service (link)
  43. ↑ "FIS Completes Acquisition of Clear2Pay". Retrieved October 8, 2014.{{cite web}}: CS1 maint: deprecated archival service (link)
  44. ↑ "FIS to Purchase Financial Software Maker SunGard for $9.1 Billion". August 13, 2015.
  45. ↑ "FIS and Worldpay to Combine to Accelerate the Future of Finance and Commerce Globally". www.businesswire.com. March 18, 2019.
  46. ↑ "FIS takes majority stake in alternatives fund administration provider Virtus". January 3, 2020.
  47. ↑ "FIS Acquisition of Payrix Expands Its E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms".
  48. ↑ "Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance". June 9, 2023.
  49. ↑ "FIS acquires Torstone Technology".
  50. ↑ "One Equity Partners Completes Sale of Dragonfly Financial Technologies to FIS".
  51. ↑ "Fintech Demica swallowed by American giant FIS in $300m deal".
  52. ↑ "FIS Acquires Amount to Deliver Unified Digital Account Origination, Empowering Financial Institutions to Accelerate Growth and Simplify Banking".
  53. ↑ "FIS lines up acquisitions".
  54. ↑ "FIS Completes Strategic Acquisition of Global Payments' Issuer Solutions Business and Sale of Worldpay Stake".
  55. ↑ Nishant, Niket; Sen, Anirban; Vinn, Milana (February 13, 2023). "FIS takes $17.6 billion hit in merchant unit to be spun off". Reuters. Retrieved February 13, 2023.
  56. ↑ Nishant, Niket; Sen, Anirban (July 6, 2023). "Buyout firm GTCR picks up majority stake valuing FIS unit Worldpay at $18.5 billion". Reuters.
  57. ↑ "FIS Completes Sale of Majority Stake of Worldpay to GTCR". Business Wire. February 1, 2024. Retrieved February 12, 2024.
  58. ↑ "Global Payments buying Worldpay in $22 billion deal". AP News. April 17, 2025. Retrieved April 22, 2025.
  59. ↑ "FIS Completes Strategic Acquisition of Global Payments' Issuer Solutions Business and Sale of Worldpay Stake". FISGlobal. January 12, 2026. Retrieved February 27, 2026.
  60. ↑ Casperson, Nicole (February 26, 2024). "FIS posts lower profit on weaker consumer spending volumes". Reuters.
  61. ↑ Cornell, Joe (March 28, 2024). "Fidelity National Information Services Abandons Worldpay Spin".
  62. ↑ "XBRL Viewer". www.sec.gov. Retrieved March 10, 2026.
  63. ↑ "FIS Reports Full-Year 2024 Results and 2025 Outlook Confirms Accelerating Momentum". Archived from the original on April 19, 2025. Retrieved January 4, 2026.
  64. ↑ "XBRL Viewer". www.sec.gov. Retrieved March 10, 2026.
  65. ↑ "FIS Reports Strong First Quarter 2025 Results and Reiterates Full-Year Outlook - Press Releases". FIS Global. May 6, 2025.
  66. ↑ "CertegyAVC.pdf" (PDF). Archived from the original (PDF) on August 8, 2019.
  67. ↑ "Data breach generates class action lawsuit". Network World. August 21, 2007. Archived from the original on June 3, 2013. Retrieved September 15, 2008.
  68. ↑ "Coordinated ATM Heist Nets Thieves $13M". Brian Krebs. August 26, 2011.
  69. ↑ Valinsky, Jordan (January 17, 2025). "Capital One says a 'technical issue' is affecting customers' ability to get money | CNN Business". CNN. Retrieved January 17, 2025.