FIS Q3 2022 Earnings Report
Key Takeaways
FIS reported a 3% increase in GAAP revenue and a 5% increase in organic revenue, reaching $3.6 billion. Diluted EPS was $0.41, and adjusted EPS was $1.74. The company returned $1.3 billion to shareholders through share repurchases and dividends and announced an Enterprise Transformation Program targeting at least $500 million in cash savings.
Revenue increased 3% on a GAAP basis and 5% on an organic basis to $3.6 billion.
Diluted EPS was $0.41, and adjusted EPS was $1.74.
Returned $1.3 billion of capital to shareholders through share repurchases and dividends paid.
Announced Enterprise Transformation Program targeting at least $500 million in cash savings.
FIS
FIS
FIS Revenue by Segment
Forward Guidance
The Company updated its fourth quarter and full-year 2022 guidance to align with changes in the macroeconomic environment, reduced visibility pertaining to non-recurring revenue streams, incremental costs associated with ongoing inflation, and new sales timing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income