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Jun 30, 2023
FIS Q2 2023 Earnings Report
Increased second quarter revenue and exceeded financial targets, raised full-year guidance, and accelerated separation plan.
Key Takeaways
FIS reported a 1% increase in second quarter revenue on a GAAP basis and 2% on an organic basis, reaching $3.7 billion. GAAP Diluted Earnings Per Share was $(11.14), while Adjusted EPS was $1.55. The company exceeded financial targets and raised its full-year guidance.
Increased second quarter revenue 1% on a GAAP basis and 2% on an organic basis to $3.7 billion.
Generated second quarter GAAP Diluted Earnings (Loss) Per Share of $(11.14) and Adjusted EPS of $1.55.
Achieved annualized run-rate Future Forward cash savings of over $315 million exiting the quarter.
FIS signed a definitive agreement to sell a 55% stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR.
Revenue by Segment
Forward Guidance
The Company is updating its third quarter and full-year guidance on a pre-discontinued operations basis. Revenue for 3Q 2023 is expected to be $3,640 - $3,690 million and for FY 2023 is expected to be $14,500 - $14,631 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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