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Jun 30, 2021

FIS Q2 2021 Earnings Report

FIS delivered an exceptional quarter with accelerated revenue growth and strong new sales.

Key Takeaways

FIS reported strong Q2 2021 results, with revenue growth of 17% to $3.5 billion. The company raised its full-year revenue guidance by $250 million and increased its year-end revenue synergy target by $100 million.

Revenue grew by 17% to approximately $3.5 billion.

Adjusted EBITDA margin expanded to 43.7%.

Adjusted net earnings per share increased by 40% to $1.61.

The company achieved revenue synergies of approximately $450 million on an annual run-rate basis.

Total Revenue
$3.48B
Previous year: $2.96B
+17.3%
EPS
$1.61
Previous year: $1.15
+40.0%
Adjusted EBITDA Margin
43.7%
Previous year: 39.1%
+11.8%
Gross Profit
$1.34B
Previous year: $916M
+46.3%
Cash and Equivalents
$1.3B
Previous year: $1.18B
+10.0%
Free Cash Flow
$1.01B
Previous year: $655M
+53.4%
Total Assets
$82.3B
Previous year: $82.6B
-0.4%

FIS

FIS

FIS Revenue by Segment

Forward Guidance

The company provided guidance for Q3 2021 and full-year 2021.

Positive Outlook

  • Revenue guidance for Q3 2021 is $3.49 billion - $3.52 billion.
  • Adjusted EPS guidance for Q3 2021 is $1.66 - $1.69.
  • Revenue guidance for full year 2021 is $13.9 billion - $14.0 billion.
  • Diluted EPS guidance for full year 2021 is $1.20 - $1.45.
  • Adjusted EPS guidance for full year 2021 is $6.45 - $6.60.

Revenue & Expenses

Visualization of income flow from segment revenue to net income