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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.
FIS
FIS
FIS Revenue by Segment
Revenue by Segment
Banking Solutions Revenue
CapyFin.comCapital Market Solutions Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com 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