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Sep 30, 2023
FIS Q3 2023 Earnings Report
FIS delivered on financial commitments, increased full-year outlook, and planned to resume share repurchases.
Key Takeaways
FIS reported a 3% increase in revenue to $2.5 billion, with GAAP net earnings per share at $0.44 and adjusted EPS at $0.94. The company increased its full-year outlook and announced plans to repurchase $500 million of shares in Q4 2023.
Revenue increased 3% on a GAAP basis and 4% on an organic basis to $2.5 billion.
GAAP Diluted Earnings Per Share for continuing operations of $0.44 and Adjusted EPS of $0.94.
Adjusted EBITDA margin expanded 70 basis points (bps) to 43.0%.
Plans to repurchase approximately $500 million of shares in the fourth quarter of 2023.
Revenue by Segment
Forward Guidance
The company introduced its full-year 2023 outlook for continuing operations, excluding the impact from discontinued operations for both revenue and adjusted EBITDA.
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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