Loading...
•
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.
FIS
FIS
FIS Revenue by Segment
FIS Revenue by Geographic Location
Revenue by Segment
Banking Solutions Revenue
CapyFin.comCapital Market Solutions Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.com 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