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Sep 30, 2022
FIS Q3 2022 Earnings Report
FIS reported third quarter results with revenue and earnings in line with outlook amidst deteriorating macroeconomic conditions.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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