FIS Q2 2024 Earnings Report
Key Takeaways
FIS reported a 3% increase in revenue on a GAAP basis and a 4% increase on an adjusted basis, reaching $2.5 billion. The adjusted EBITDA margin expanded by 110 basis points to 40.1%. The company repurchased $1.1 billion of shares and announced a new $3 billion share repurchase authorization. FIS also raised its full-year revenue outlook, increased the low-end of its adjusted EBITDA outlook, and raised its adjusted EPS outlook.
Second quarter GAAP Diluted Earnings Per Share was $0.43 and Adjusted EPS was $1.36
Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.5 billion
Adjusted EBITDA margin expanded 110 basis points (bps) to 40.1%
Repurchased $1.1 billion of shares in the second quarter and announces new $3 billion share repurchase authorization
FIS
FIS
FIS Revenue by Segment
Forward Guidance
The Company is introducing its third quarter outlook and, for the full-year, is raising its outlook for revenue, increasing the low-end of its adjusted EBITDA outlook and raising its outlook for adjusted EPS by approximately 3% as compared to the prior outlook to $5.03 - $5.11.
Revenue & Expenses
Visualization of income flow from segment revenue to net income