Fidelity National Information Services ( (FIS) ) has released its Q4 earnings. Here is a breakdown of the information Fidelity National Information Services presented to its investors.
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Fidelity National Information Services, Inc. (FIS) is a global leader in financial technology, providing solutions to financial institutions, businesses, and developers worldwide, headquartered in Jacksonville, Florida. The company recently released its full-year 2024 financial results, showcasing significant progress and momentum, including the successful completion of the Worldpay separation. FIS reported a strong increase in both GAAP and adjusted earnings per share, alongside a modest revenue growth, while also emphasizing its ongoing commitment to shareholder returns through substantial share repurchases.
Key financial highlights for the full year 2024 include a 67% increase in GAAP diluted earnings per share to $1.42 and a 56% rise in adjusted earnings per share to $5.22. Revenue grew by 3% on a GAAP basis and 4% on an adjusted basis, totaling $10.1 billion. The company’s strategic initiatives, including cost savings and operating leverage, resulted in an expanded adjusted EBITDA margin of 40.8%. FIS also returned $4.8 billion to shareholders through share repurchases and dividends.
In the fourth quarter of 2024, FIS’s GAAP revenue increased by 3% to $2.6 billion, with adjusted net earnings from continuing operations reaching $754 million. The company reported an adjusted EBITDA of approximately $1.1 billion, with a margin expansion to 42.9%. Segment-wise, the Capital Market Solutions demonstrated a 9% revenue growth, while Banking Solutions saw a modest increase.
Looking forward, FIS has introduced its 2025 outlook, forecasting accelerated revenue growth between 4.6% and 5.2%, along with an adjusted EPS growth of 9% to 11%. The company aims to enhance its EBITDA margins further and continue its strategy to drive double-digit total returns, leveraging the solid foundations laid in 2024.
