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Mar 31, 2023
FIS Q1 2023 Earnings Report
FIS reported strong first quarter results, surpassing financial targets, raising full-year guidance, and making progress with the spin-off of the Merchant business.
Key Takeaways
FIS reported a 1% increase in first-quarter revenue on a GAAP basis (3% on an organic basis) to $3.5 billion. GAAP Diluted EPS was $0.24, and Adjusted EPS was $1.29. The company also announced an increase to its full-year 2023 outlook.
First quarter revenue increased 1% on a GAAP basis and 3% on an organic basis to $3.5 billion.
GAAP Diluted EPS was $0.24 and Adjusted EPS was $1.29.
Adjusted EBITDA margin contracted by 190 basis points to 38.7%.
The company returned $309 million of capital to shareholders through dividends paid.
Revenue by Segment
Forward Guidance
FIS projects revenue between $3,675 - $3,725 million and Diluted EPS (GAAP) of $0.30 - $0.40 for Q2 2023. For the full year 2023, revenue is projected between $14,285 - $14,535 million and Diluted EPS (GAAP) of $1.30 - $1.80.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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