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Jun 30, 2020
FIS Q2 2020 Earnings Report
Results demonstrated strength of FIS’ business model, with revenue increase driven by the Worldpay acquisition and adjusted EBITDA margin expansion through expense management and synergies.
Key Takeaways
FIS reported a 40% increase in revenue on a GAAP basis, driven by the Worldpay acquisition, while organic revenue decreased by 7% due to COVID-19 impacts and a tax filing deadline shift. Adjusted EBITDA margin expanded by 150 basis points to 39.1%.
Revenue increased 40% on a reported basis to $2,962 million.
Organic revenue decreased (7)%.
Diluted EPS (GAAP) was $0.03 and Adjusted EPS was $1.15.
Free cash flow was $655 million.
FIS
FIS
FIS Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income