FIS Q4 2022 Earnings Report
Key Takeaways
FIS reported a 1% increase in consolidated revenue to $3.7 billion. However, the company experienced a net loss attributable to common stockholders of $(17.4) billion, or $(29.28) per diluted share, due to a non-cash goodwill impairment charge of $17.6 billion related to the Merchant Solutions reporting unit. Adjusted EPS decreased by 11% to $1.71 per share.
Consolidated revenue increased 1% compared to the prior-year period, reaching approximately $3.7 billion.
Net loss attributable to common stockholders was $(17.4) billion, or $(29.28) per diluted share, due to a non-cash goodwill impairment charge.
Organic revenue increased 4% compared to the prior-year period, driven by Banking, Merchant Solutions, and Capital Markets.
Adjusted EPS decreased by 11% compared to the prior-year period, amounting to $1.71 per share.
FIS
FIS
FIS Revenue by Segment
Forward Guidance
FIS announced its first quarter and full-year 2023 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income