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Dec 31, 2023
FIS Q4 2023 Earnings Report
FIS reported fourth quarter and full-year 2023 results, demonstrating positive momentum with financial commitments met and the Worldpay transaction successfully closed.
Key Takeaways
FIS's Q4 2023 results showed a slight revenue decrease of 1% on a GAAP basis to $2.5 billion, but adjusted EBITDA margin expanded by 70 bps to 42.1%. The company is increasing its share repurchase goal by $500 million, reflecting confidence in the business's strength.
GAAP Diluted Earnings Per Share for continuing operations was $0.11, and Adjusted EPS was $0.94.
Including discontinued operations, GAAP Diluted Earnings Per Share was $0.42, and Adjusted EPS was $1.67.
Adjusted EBITDA margin expanded by 70 basis points to 42.1% due to cost efficiencies.
The company increased its share repurchase goal to at least $4.0 billion by year-end 2024, including $510 million repurchased in Q4 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is introducing first quarter and full-year outlook and, for the full-year, is projecting accelerated revenue growth, expanding adjusted EBITDA margins and year-over-year adjusted EPS growth.
Positive Outlook
- Projecting accelerated revenue growth for the full year 2024.
- Expecting expanding adjusted EBITDA margins for the full year 2024.
- Anticipating year-over-year adjusted EPS growth for the full year 2024.
- First quarter 2024 revenue is projected to be between $2,430 million and $2,455 million.
- Full year 2024 revenue is projected to be between $10,100 million and $10,150 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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