FIS Reports Third Quarter 2026 Results
• Revenue increased 27% on a GAAP basis to $3.5 billion, increasing 29% on an adjusted basis and 3.7% on a Pro Forma basis
• Net cash provided by operating activities was $976 million and Free cash flow 1 was $862 million, increasing 8.0% over the prior-year period
• Strategic portfolio review ongoing; closed divestiture of non-core prepaid business
• Updated full-year 2026 outlook, including Adjusted revenue growth of 28 - 29%, Adjusted EBITDA growth of 29 - 30%, Adjusted EPS growth of 1.2 - 2.4% and Free Cash Flow 1 growth of 33 - 39%, to $2,150 - $2,250 million 2
• Updated 2026 outlook for Pro Forma revenue growth to 3.1 - 3.6% and Pro Forma Adjusted EBITDA growth to 2.9 - 3.6% 2
FIS ® (NYSE: FIS), a global leader in financial technology, today reported its third quarter 2026 results.
“Client demand remains strong, and we are continuing to invest in what our clients care about most, security and innovation. These investments will build a more recurring, predictable revenue base for FIS,” said FIS CEO and President Stephanie Ferris. “The long-term payoff is significantly deeper client relationships, a stronger competitive position, and a business built for durable growth.”
On a GAAP basis, revenue increased 27% as compared to the prior-year period to approximately $3.5 billion. GAAP net earnings attributable to common stockholders were $356 million or $0.69 per diluted share.
On an adjusted basis, revenue increased 29% as compared to the prior-year period. Adjusted EBITDA increased 31% to approximately $1.5 billion and Adjusted EBITDA margin expanded by 111 basis points (bps) compared to the prior-year period to 42.9%, reflecting the acquisition of the high margin Total Issuing Solutions™ business, favorable revenue mix, and cost savings. Adjusted net earnings were $831 million, and Adjusted EPS increased by 6.6% as compared to the prior-year period to $1.61 per diluted share.
On a Pro Forma basis, revenue increased 3.7% as compared to the prior-year period, including recurring revenue growth of 2.5%. Pro Forma adjusted EBITDA increased 5.2% and Pro Forma adjusted EBITDA margin expanded by 94 bps compared to the prior-year period to 42.9%, reflecting favorable mix and cost savings.
Third quarter revenue increased 41% on both a GAAP and adjusted basis as compared to the prior-year period to $2.5 billion. Adjusted EBITDA increased 44% to $1.2 billion and Adjusted EBITDA margin expanded by 119 bps as compared to the prior-year period to 47.4%, reflecting the acquisition of the high margin Total Issuing Solutions™ business, favorable revenue mix, and cost management.
On a Pro Forma basis, revenue increased 3.9% as compared to the prior-year period, including recurring revenue growth of 2.4%. Pro Forma adjusted EBITDA increased 8.8% and Pro Forma adjusted EBITDA margin expanded by 212 bps as compared to the prior-year period to 47.4%, reflecting favorable revenue mix, and the impact of continued cost management.
Third quarter revenue increased by 3% on a GAAP basis and adjusted basis as compared to the prior-year period to $823 million, reflecting recurring revenue growth of 3.0%. Adjusted EBITDA increased 6.5% to $444 million and Adjusted EBITDA margin expanded by 180 bps as compared to the prior-year period to 54.0%, reflecting favorable revenue mix, and the impact of continued cost management.
Third quarter revenue decreased by 22% as compared to the prior-year period to $83 million, primarily due to the decline of our non-strategic businesses. Adjusted EBITDA loss was $169 million, including $163 million of corporate expenses.
Third quarter net cash provided by operating activities was $976 million and Free cash flow 1 was $862 million, up 8.0% as compared to the prior-year period. The Company returned $248 million of capital to shareholders through $21 million of share repurchases and $227 million of dividends paid. As of September 30, 2026, debt outstanding totaled $20.8 billion.
Following the close of the Total Issuing Solutions™ business, the Company has temporarily curtailed share repurchases and paused tuck-in M&A activity to accelerate deleveraging. The Company will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth. The Company expects to resume meaningful share repurchases once it has achieved its target gross leverage of approximately 2.8x.
Aligned with the Company's ongoing strategic review, on October 20 th , 2026, FIS divested a non-core prepaid business within the Banking Solutions segment. This divestiture further simplifies our portfolio of assets and generated gross sale proceeds of over $100M.
For the full-year, the Company is updating its outlook, projecting Adjusted revenue growth of 28 - 29%, Adjusted EBITDA growth of 29 - 30% and Adjusted EPS growth of 1.2 - 2.4%. On a Pro Forma basis, revenue is projected to grow 3.1 - 3.6% and Adjusted EBITDA is projected to grow 2.9 - 3.6% 2 . Additionally, the Company is maintaining its target for Free Cash Flow 1 of $2.15 - $2.25 billion, or growth of 33 - 39% as compared to the prior year.
1 Our 2026 Free Cash Flow outlook is defined as Free cash flow excluding cash transaction taxes on business dispositions, primarily the Worldpay sale.
2 The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
FIS will host a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EST) on Wednesday, November 4, 2026. To access the webcast, go to the Investor Relations section of FIS’ homepage, www.investor.fisglobal.com. A replay will be available after the conclusion of the live webcast.
FIS is a financial technology company providing solutions to financial institutions, businesses and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn, Facebook and X.
Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, we have provided certain non-GAAP financial measures.
These non-GAAP measures include constant currency revenue, Adjusted revenue growth, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings, Adjusted EPS, Free cash flow and Free cash flow excluding cash transaction taxes on the Worldpay sale.
Due to the financial impact of the acquisition of the Issuer Solutions Business, FIS is also providing additional information to improve the understanding of the Company’s operating performance and has recalculated certain non-GAAP measures of the Company’s historical financial performance on an adjusted combined company basis for the periods shown herein. This information includes Pro forma combined revenue, Pro forma combined revenue growth, Adjusted pro forma combined EBITDA and Adjusted pro forma combined EBITDA margin. The Company has derived certain pro forma measures from the unaudited pro forma condensed combined financial information of FIS and the Issuer Solutions Business and notes thereto prepared in accordance with Article 11 of Regulation S-X for the year ended December 31, 2025, in Exhibit 99.2 to the Company’s Form 8-K/A filed on February 24, 2026.
We believe these non-GAAP measures help investors better understand the underlying fundamentals of our business. As further described below, the non- GAAP revenue and earnings measures presented eliminate items management believes are not indicative of FIS’ operating performance. The constant currency revenue and Adjusted revenue growth measures adjust for the effects of exchange rate fluctuations and exclude discontinued operations, while Adjusted revenue growth also excludes revenue from Corporate and Other, giving investors further insight into our performance. Finally, Free cash flow and Free cash flow excluding cash transaction taxes on the Worldpay sale provide further information about the ability of our business to generate cash. For these reasons, management also uses these non-GAAP measures in its assessment and management of FIS’ performance.
represents reported segment revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period.
reflects the percentage change in constant currency revenue for the current period as compared to the prior period. Constant currency revenue is calculated by applying prior-year period foreign currency exchange rates to current-period revenue. When referring to Adjusted revenue growth, revenue from our Corporate and Other segment is excluded.
reflects net earnings (loss) before interest, other income (expense), taxes, equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs that do not constitute normal, recurring, cash operating expenses necessary to operate our business. These excluded costs generally include acquisition, integration and certain other costs and asset impairments. Adjusted EBITDA for the respective segments excludes the foregoing items. This measure is reported to the chief operating decision maker, the Company's Chief Executive Officer and President, who utilizes the measure for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with FASB ASC Topic 280, Segment Reporting.
excludes the effect of purchase price amortization, as well as certain costs that do not constitute normal, recurring, cash operating expenses necessary to operate our business. For purposes of calculating Adjusted net earnings, our equity method investment earnings (loss) ("EMI") from Worldpay is also adjusted to exclude certain costs and other transactions in a similar manner.
reflects net earnings (loss) before interest, other income (expense), taxes, equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs that do not constitute normal, recurring, cash operating expenses for FIS and Total Issuing Solutions™ combined for pre-acquisition periods and assumes the Issuer Solutions acquisition occurred on January 1, 2025, unless otherwise indicated. These excluded costs generally include acquisition, integration and certain other costs and asset impairments.
reflects Adjusted pro forma combined EBITDA, as defined above, divided by Pro forma combined revenue.
reflects Adjusted net earnings, as defined above, divided by weighted average diluted shares outstanding.
reflects net cash provided by operating activities from continuing operations, less capital expenditures (additions to property and equipment and additions to software from the statement of cash flows), excluding cash transaction taxes on business dispositions, primarily the Worldpay sale.
includes reported revenue for FIS and Total Issuing™ Solutions combined for pre- acquisition periods and assumes the Issuer Solutions acquisition occurred on January 1, 2025, unless otherwise indicated.
represents Pro forma combined revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period as compared to the prior period Pro forma combined revenue. When referring to Pro forma combined revenue growth, revenue from our Corporate and Other segment is excluded.
Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. Further, FIS’ non-GAAP measures may be calculated differently from similarly titled measures of other companies. Reconciliations of these non- GAAP measures to related GAAP measures, including footnotes describing the adjustments, are provided in the attached schedules and in the Investor Relations section of the FIS website, www.investor.fisglobal.com .
This earnings release and today’s webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the future, or other characterizations of future events or circumstances, are forward-looking statements. Forward-looking statements include statements about anticipated financial outcomes, including any earnings outlook or projections, projected revenue or expense synergies or dis-synergies, business and market conditions, outlook, foreign currency exchange rates, deleveraging plans, expected dividends and share repurchases of the Company, the Company’s sales pipeline and anticipated profitability and growth, plans, strategies and objectives for future operations, strategic value creation, risk profile and investment strategies, any statements regarding future economic conditions or performance and any statements with respect to the future impacts of the recently completed acquisition of the Issuer Solutions Business, which has been rebranded as FIS Total Issuing™ Solutions. These statements may be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “would,” “project,” “continue,” “likely,” and similar expressions, and include statements reflecting future results or outlook, statements of outlook and various accruals and estimates. These statements relate to future events and our future results and involve a number of risks and uncertainties. Forward-looking statements are based on management’s beliefs as well as assumptions made by, and information currently available to, management.
Actual results, performance or achievement could differ materially from these forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include the following, without limitation:
• changes in general economic, business and political conditions, a recession, intensified or expanded international hostilities, acts of terrorism, fluctuation in rates of inflation or interest, effects of announced or future tariff increases and any resulting regulatory changes in global trade relations and changes in consumer or business confidence;
• changes in either or both the United States and international lending, capital and financial markets or currency fluctuations;
• the risk that acquired businesses, including FIS Total Issuing™ Solutions, will not be integrated successfully or on the anticipated timeline, will not provide the expected benefits in whole or in part, or that the integration will be more costly or more time-consuming and complex than anticipated;
• the risk that cost savings and synergies anticipated to be realized from acquisitions, including the Issuer Solutions Acquisition, may not be fully realized or may take longer to realize than expected or that costs may be greater than anticipated;
• the effect of legislative initiatives or proposals, statutory changes, governmental or applicable regulations and/or changes in industry requirements, including privacy, data protection, cybersecurity, cyber resilience and AI laws and regulations;
• our ability to comply with climate change legal and regulatory requirements and to maintain practices that meet our stakeholders' evolving expectations;
• the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in, or new laws or regulations affecting, the banking, retail and financial services industries or due to financial failures or other setbacks suffered by firms in those industries;
• the amount, declaration and payment of future dividends, which is at the discretion of our Board of Directors and depends on, among other things, our investment opportunities, results of operations, financial condition, cash requirements, future prospects, and other factors that may be considered relevant by our Board of Directors, including legal and contractual restrictions;
• the amount and timing of any future share repurchases, which is subject to, among other things, our share price, our other investment opportunities and cash requirements, our results of operations and financial condition, our future prospects and other factors that may be considered relevant by our Board of Directors and management;
• failures to adapt our solutions to changes in technology or in the marketplace;
• internal or external security or privacy breaches of our systems, including those relating to unauthorized access, theft, corruption or loss of personal information and computer viruses and other malware affecting our software or platforms, and the reactions of customers, card associations, government regulators and others to any such events;
• the risk that implementation of software, including software updates, for customers or at customer locations or employee error in monitoring our software and platforms may result in the corruption or loss of data or customer information, interruption of business operations, outages, exposure to liability claims or loss of customers;
• the risk that partners and third parties may fail to satisfy their legal obligations to us;
• the risks and costs associated with cybersecurity issues and IT outages experienced, including those that may occur from future events including AI- related events;
• our ability to navigate the opportunities and risks associated with using and/or incorporating AI technologies into our business, competitors’ and others’ use of AI, and AI-related security risks, including direct impacts on our business as well as related effects on our clients and client demand;
• the reaction of current and potential customers to communications from us or regulators regarding information security, risk management, internal audit or other matters;
• competitive pressures on pricing related to the decreasing number of community banks in the U.S., the development of new disruptive technologies competing with one or more of our solutions, increasing presence of international competitors in the U.S. market and the entry into the market by global banks and global companies with respect to certain competitive solutions, each of which may have the impact of unbundling individual solutions from a comprehensive suite of solutions we provide to many of our customers;
• the failure to innovate in order to keep up with new emerging technologies, which could impact our solutions and our ability to attract new, or retain existing, customers;
• failure to comply with applicable requirements of payment networks or changes in those requirements;
• other risks detailed elsewhere in the “Risk Factors” section and other sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our other filings with the Securities and Exchange Commission.
Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, we do not undertake (and expressly disclaim) any obligation, and do not intend, to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Ellyn Raftery, 904.438.6083 George Mihalos, 904.438.6438 Chief Marketing & Communications Officer Senior Vice President FIS Global Marketing & Corporate FIS Investor Relations Communications Ellyn.Raftery@fisglobal.com Georgios.Mihalos@fisglobal.com
November 4, 2026 Exhibit A Condensed Consolidated Statements of Earnings (Loss) - Unaudited for the three and nine months ended September 30, 2026 and 2025
Exhibit B Condensed Consolidated Balance Sheets - Unaudited as of September 30, 2026, and December 31, 2025
Exhibit C Condensed Consolidated Statements of Cash Flows - Unaudited for the nine months ended September 30, 2026 and 2025
Exhibit D Supplemental Non-GAAP Adjusted Revenue Growth - Unaudited for the three and nine months ended September 30, 2026 and 2025
Exhibit E Supplemental Disaggregation of Revenue - Unaudited for the three and nine months ended September 30, 2026 and 2025
Exhibit F Supplemental Non-GAAP Adjusted Free Cash Flow Measures - Unaudited for the three and nine months ended September 30, 2026 and 2025
Exhibit G Supplemental GAAP to Non-GAAP Reconciliations - Unaudited for the three and nine months ended September 30, 2026 and 2025
September 30, December 31, 2026 2025 Exhibit B ────────────────────────────────────────────────────────────────────────────── ASSETS Current assets: Cash and cash equivalents $ 740 $ 599 Settlement assets 587 515 Trade receivables, net 2,357 1,944 Other receivables 247 432 Receivable from related — 39 party Prepaid expenses and other current 1,294 959 assets Total current assets 5,225 4,488 Property and equipment, 1,103 691 net Goodwill 25,002 17,762 Intangible assets, net 4,127 959 Software, net 5,119 2,876 Equity method investment 13 3,681 Other noncurrent assets 1,840 1,710 Deferred contract costs, 1,306 1,321 net Total assets $ 43,735 $ 33,488 LIABILITIES AND EQUITY Current liabilities: Accounts payable, accrued and other $ 2,361 $ 2,097 liabilities Settlement payables 638 549 Deferred revenue 939 957 Short-term borrowings 3,904 2,729 Current portion of 1,732 1,284 long-term debt Total current liabilities 9,574 7,616 Long-term debt, excluding current 15,133 9,069 portion Deferred income taxes 832 1,215 Other noncurrent 1,965 1,686 liabilities Total liabilities 27,504 19,586 Equity: FIS stockholders' equity: Preferred stock $0.01 par — — value Common stock $0.01 par 6 6 value Additional paid in capital 47,545 47,317 (Accumulated deficit) -20,452 -22,718 retained earnings Accumulated other comprehensive earnings -544 -504 (loss) Treasury stock, at cost -10,327 -10,202 Total FIS stockholders' 16,228 13,899 equity Noncontrolling interest 3 3 Total equity 16,231 13,902 Total liabilities and $ 43,735 $ 33,488 equity
Cash flows from Nine months ended operating September 30, activities: 2026 2025 Exhibit C ────────────────────────────────────────────────────────────────────────────── Net earnings $ 2,956 $ -126 (loss) Adjustment to reconcile net earnings (loss) to net cash provided by operating activities: Depreciation and 1,969 1,415 amortization Amortization of debt issuance 33 33 costs Asset impairments 104 4 (Gain) loss on sale of businesses, -2 97 investments and other Stock-based 146 136 compensation (Gain) loss from equity method -2,214 692 investment Deferred income 12 -71 taxes Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other -76 59 receivables Receivable from 39 50 related party Settlement 3 4 activity Prepaid expenses -169 -1 and other assets Deferred contract -292 -304 costs Deferred revenue -88 -37 Accounts payable, accrued liabilities -238 -101 and other liabilities Net cash provided by operating 2,183 1,850 activities Cash flows from investing activities: Additions to property and -142 -135 equipment Additions to -657 -530 software Cash divested from sale of — -1,417 business Acquisitions, net -7,859 -574 of cash acquired Coupon payments on interest rate -87 -87 swaps Distributions from equity 32 107 method investments Other investing -63 -66 activities, net Net cash provided by (used in) -8,776 -2,702 investing activities Cash flows from financing activities: Borrowings 86,990 38,159 Repayment of borrowings and other -79,313 -37,155 financing arrangements Debt issuance -65 -27 costs Treasury stock -142 -1,132 activity Net proceeds from stock issued under — 8 stock-based compensation plans Dividends paid -687 -640 Other financing -8 1 activities, net Net cash provided by (used in) 6,775 -786 financing activities Net cash provided by (used in) operating activities from — 208 discontinued operations (1) Effect of foreign currency exchange -16 55 rate changes on cash Net increase (decrease) in cash, cash 166 -1,375 equivalents and restricted cash Cash, cash equivalents and restricted 599 1,946 cash, beginning of period Cash, cash equivalents and restricted $ 765 $ 571 cash, end of period
(1) As discussed in Note 1 to our consolidated financial statements, the Company completed the 2024 Worldpay Sale on January 31, 2024. Certain assets included as part of the 2024 Worldpay Sale did not convey until the first quarter of 2025 after receiving all required regulatory approvals. These assets generated operating cash flows from discontinued operations but did not generate any net earnings from discontinued operations during the nine months ended September 30, 2025. 3
(1) As a result of the Company's acquisition of the Issuer Solutions Business, the Company reassessed its reportable segments in the first quarter of 2026 and included the Issuer Solutions Business within the Banking Solutions segment. In connection with this reassessment, the Company also reclassified certain businesses among the Banking Solutions, Capital Market Solutions, and Corporate and Other segments. All prior-period segment information was recast to conform to the Company's revised reportable segment presentation.
(2) Adjusted growth excludes Corporate and Other, which includes certain non- strategic businesses. 4
In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments.
(1) As a result of the Company's acquisition of the Issuer Solutions Business, the Company reassessed its reportable segments in the first quarter of 2026 and included the Issuer Solutions Business within the Banking Solutions segment. In connection with this reassessment, the Company also reclassified certain businesses among the Banking Solutions, Capital Market Solutions, and Corporate and Other segments. All prior‑period segment information was recast to conform to the Company's revised reportable segment presentation.
(1) As a result of the Company's acquisition of the Issuer Solutions Business, the Company reassessed its reportable segments in the first quarter of 2026 and included the Issuer Solutions Business within the Banking Solutions segment. In connection with this reassessment, the Company also reclassified certain businesses among the Banking Solutions, Capital Market Solutions, and Corporate and Other segments. All prior‑period segment information was recast to conform to the Company's revised reportable segment presentation.
Three months September Nine months September ended 30, 2026 ended 30, 2026 Exhibit F ────────────────────────────────────────────────────────────────────────────── Net cash provided by $ 976 $ 2,183 operating activities Capital -281 -799 expenditu… Free cash 695 1,384 flow Cash transacti… taxes on 167 477 the Worldpay Sale Free cash flow excluding cash $ 862 $ 1,861 transacti… taxes on dispositi…
Three months September 30, Nine months September 30, ended 2025 ended 2025 ────────────────────────────────────────────────────────────────────────────── Net cash provided by $ 1,012 $ 1,850 operating activities Capital -214 -665 expenditures Free cash 798 1,185 flow Cash transaction taxes on the — — Worldpay Sale Free cash flow excluding cash $ 798 $ 1,185 transaction taxes on dispositions
Free cash flow reflects net cash provided by operating activities less capital expenditures (additions to property and equipment and additions to software from the statement of cash flows).
Neither Free cash flow nor Free cash flow excluding cash transaction taxes on dispositions represents our residual cash flows available for discretionary expenditures, as we have mandatory debt service requirements and other non- discretionary expenditures that are not deducted from the measure. 7
Three Nine months months ended ended September September 2026 30, 2025 2026 30, 2025 ────────────────────────────────────────────────────────────────────────────── Earnings (loss) $ 356 $ 264 $ 2,954 $ -128 attribut… to FIS Equity method investme… — 23 -2,214 692 (earning… loss, net of tax Earnings (loss) attribut… to FIS, excluding 356 287 740 564 equity method investme… earnings (loss) Non-GAAP adjustme… Purchase accounti… 320 177 931 517 amortiza… (1) Acquisit… integrat… and other 147 197 551 523 costs (2) Asset impairme… — 2 104 4 (3) Non-oper… (income) 14 -8 -8 188 expense (4) Non-GAAP tax (provisi… -6 -1 -31 -58 benefit (5) Total non-GAAP 475 367 1,547 1,174 adjustme… Adjusted net earnings attribut… to FIS, 831 654 2,287 1,738 excluding equity method investme… earnings (loss) Equity method investme… earnings (loss), — -23 8 -692 net of tax and gain on sale (6) Non-GAAP adjustme… on equity method investme… earnings (loss), — 158 3 1,103 net of related (provisi… benefit for income taxes (7) Adjusted equity method — 135 11 411 investme… earnings (loss) Adjusted net earnings $ 831 $ 789 $ 2,298 $ 2,149 attribut… to FIS
Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliations for the three and nine months ended September 30, 2026 and 2025.
(1) This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. The Company has excluded the impact of purchase price amortization expense as such amounts can be significantly impacted by the timing and/or size of acquisitions. Although the Company excludes these amounts from its non-GAAP expenses, the Company believes that it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of assets that relate to past acquisitions will recur in future periods until such assets have been fully amortized. Any future acquisitions may result in the amortization of future assets.
(a) This item represents financing costs incurred primarily to secure funding for the Issuer Solutions Business acquisition from Global Payments. These costs are recorded as Interest expense, net on our consolidated statements of earnings (loss). Accordingly, this item is included in Acquisition, integration and other costs for purposes of calculating Adjusted net earnings but not Adjusted EBITDA.
Amounts in table may not sum due to rounding. 2025 amounts have been reclassified to conform to current-period presentation.
(3) For the nine months ended September 30, 2026, this item included impairments primarily related to the abandonment or termination of certain internally developed software.
(4) Non-operating (income) expense primarily consists of other income and expense items outside of the Company's
operating activities, including fair value adjustments on certain non-operating assets and liabilities and foreign
currency transaction remeasurement gains and losses. For the nine months ended September 30, 2025, this item also includes a $108 million write-off, triggered by the agreement to sell FIS' non-controlling 45% stake in Worldpay, of the contingent consideration included as part of the 2024 sale of a 55% ownership interest in its Worldpay Merchant Solutions business (the "2024 Worldpay Sale").
(5) This adjustment is based on an adjusted effective tax rate of 10.3% for the three, and 11.2% for the nine, months ended September 30, 2026, primarily reflecting certain cash tax benefits from our acquisition of the Issuer Solutions Business, and 12.0% for the three and nine months ended September 30, 2025, primarily reflecting certain cash tax benefits from our equity method investment in Worldpay.
(6) FIS completed the sale of its non-controlling 45% stake in Worldpay on January 9, 2026. For the nine months ended
September 30, 2026, this item reflects our share of the net earnings (loss), net of tax, attributable to Worldpay for the
period from January 1 to January 8, 2026, and excludes the gain on sale, net of tax, which is recorded within Equity
method investment earnings (loss), net of tax. For the the three and nine months ended September 30, 2025, this item reflects our share of net earnings (loss), net of tax, attributable to Worldpay.
(7) This item represents FIS' proportionate share of Worldpay's non-GAAP adjustments on its net earnings (loss) consistent with FIS' non-GAAP measures and is comprised of the following: 11
Three months Nine months ended ended FIS' share September September of 30, 30, Worldpay: 2026 2025 2026 2025 ────────────────────────────────────────────────────────────────────────────── Purchase accounting $ — $ 158 $ 14 $ 474 amortizat… Acquisiti… integrati… and other — 32 4 117 costs (a) Non-opera… (income) — -16 -1 29 expense Non-GAAP tax — -16 -14 483 (provisio… benefit Non-GAAP adjustmen… on equity method investment earnings (loss), $ — $ 158 $ 3 $ 1,103 net of related (provisio… benefit for income taxes
(a) Worldpay acquisition, integration, and other costs for the three months ended September 30, 2025, and the nine months ended September 30, 2026 and 2025, consist primarily of transaction and transition costs related to the separation from FIS.
(8) For the nine months ended September 30, 2025, Adjusted net earnings is a gain, while the corresponding GAAP amount for this period is a loss. As a result, in calculating Adjusted net earnings per share-diluted for this period, the weighted average shares outstanding-diluted amount of approximately 527 million used in the calculation includes approximately 2 million shares for the nine months ended September 30, 2025, that in accordance with GAAP are excluded from the calculation of the GAAP Net loss per share-diluted for the periods, due to their anti-dilutive impact. 12
Full text with the tables
Exhibit 99.1
News Release
FIS Reports Third Quarter 2026 Results
• Third quarter GAAP Diluted EPS of $0.69
• Adjusted EPS of $1.61 increased 6.6% over the prior year period
• Revenue increased 27% on a GAAP basis to $3.5 billion, increasing 29% on an
adjusted basis and 3.7% on a Pro Forma basis
• Net cash provided by operating activities was $976 million and Free cash flow
1 was $862 million, increasing 8.0% over the prior-year period
• Strategic portfolio review ongoing; closed divestiture of non-core prepaid
business
• Updated full-year 2026 outlook, including Adjusted revenue growth of 28 - 29%,
Adjusted EBITDA growth of 29 - 30%, Adjusted EPS growth of 1.2 - 2.4% and Free
Cash Flow 1 growth of 33 - 39%, to $2,150 - $2,250 million 2
• Updated 2026 outlook for Pro Forma revenue growth to 3.1 - 3.6% and Pro Forma
Adjusted EBITDA growth to 2.9 - 3.6% 2
JACKSONVILLE, Fla., November 4, 2026 -
FIS ® (NYSE: FIS), a global leader in financial technology, today reported its
third quarter 2026 results.
“Client demand remains strong, and we are continuing to invest in what our
clients care about most, security and innovation. These investments will build a
more recurring, predictable revenue base for FIS,” said FIS CEO and President
Stephanie Ferris. “The long-term payoff is significantly deeper client
relationships, a stronger competitive position, and a business built for durable
growth.”
Third Quarter 2026 Financial Results
On a GAAP basis, revenue increased 27% as compared to the prior-year period to
approximately $3.5 billion. GAAP net earnings attributable to common
stockholders were $356 million or $0.69 per diluted share.
On an adjusted basis, revenue increased 29% as compared to the prior-year
period. Adjusted EBITDA increased 31% to approximately $1.5 billion and Adjusted
EBITDA margin expanded by 111 basis points (bps) compared to the prior-year
period to 42.9%, reflecting the acquisition of the high margin Total Issuing
Solutions™ business, favorable revenue mix, and cost savings. Adjusted net
earnings were $831 million, and Adjusted EPS increased by 6.6% as compared to
the prior-year period to $1.61 per diluted share.
On a Pro Forma basis, revenue increased 3.7% as compared to the prior-year
period, including recurring revenue growth of 2.5%. Pro Forma adjusted EBITDA
increased 5.2% and Pro Forma adjusted EBITDA margin expanded by 94 bps compared
to the prior-year period to 42.9%, reflecting favorable mix and cost savings.
($
mil… Three
exc… mont…
per ended
sha… Sept…
dat… 30,
una…
% Adju… Pro
Forma
2026 2025 Chan… Grow… Grow…
Ban…
Sol… 2,548 1,811 41% 41% 3.9%
Rev…
Cap…
Mar… 823 799 3% 3% 3%
Sol…
Rev…
Ope…
Seg… $ 3,371 $ 2,610 29% 29% 3.7%
Tot…
Rev…
Cor…
and 83 107 (22)% - -
Oth…
Rev…
Con…
FIS $ 3,454 $ 2,717 27% - -
Rev…
Adj… $ 1,482 $ 1,135 31% - 5.2%
EBI…
Adj… 111 94
EBI… 42.9 % 41.8 % bps - bps
Mar…
Net
Ear… $ 356 $ 264 *
(Lo…
(GA…
Dil…
Ear…
(Lo…
Per $ 0.69 $ 0.50 *
Com…
Sha…
(GA…
Adj…
Net $ 831 $ 789 5.3%
Ear…
Adj… $ 1.61 $ 1.51 6.6%
EPS
Free
Cash $ 862 $ 798 8%
Flo…
*Indicates comparison not meaningful
Segment Information
• Banking Solutions:
Third quarter revenue increased 41% on both a GAAP and adjusted basis as
compared to the prior-year period to $2.5 billion. Adjusted EBITDA increased 44%
to $1.2 billion and Adjusted EBITDA margin expanded by 119 bps as compared to
the prior-year period to 47.4%, reflecting the acquisition of the high margin
Total Issuing Solutions™ business, favorable revenue mix, and cost management.
On a Pro Forma basis, revenue increased 3.9% as compared to the prior-year
period, including recurring revenue growth of 2.4%. Pro Forma adjusted EBITDA
increased 8.8% and Pro Forma adjusted EBITDA margin expanded by 212 bps as
compared to the prior-year period to 47.4%, reflecting favorable revenue mix,
and the impact of continued cost management.
•
Capital Market Solutions:
Third quarter revenue increased by 3% on a GAAP basis and adjusted basis as
compared to the prior-year period to $823 million, reflecting recurring revenue
growth of 3.0%. Adjusted EBITDA increased 6.5% to $444 million and Adjusted
EBITDA margin expanded by 180 bps as compared to the prior-year period to 54.0%,
reflecting favorable revenue mix, and the impact of continued cost management.
•
Corporate
and Other:
Third quarter revenue decreased by 22% as compared to the prior-year period to
$83 million, primarily due to the decline of our non-strategic businesses.
Adjusted EBITDA loss was $169 million, including $163 million of corporate
expenses.
Balance Sheet and Cash Flows
Third quarter net cash provided by operating activities was $976 million and
Free cash flow 1 was $862 million, up 8.0% as compared to the prior-year period.
The Company returned $248 million of capital to shareholders through $21 million
of share repurchases and $227 million of dividends paid. As of September 30,
2026, debt outstanding totaled $20.8 billion.
Capital Allocation
Following the close of the Total Issuing Solutions™ business, the Company has
temporarily curtailed share repurchases and paused tuck-in M&A activity to
accelerate deleveraging. The Company will continue to pay quarterly dividends
targeting dividend per share growth in line with Adjusted EPS growth. The
Company expects to resume meaningful share repurchases once it has achieved its
target gross leverage of approximately 2.8x.
Strategic Portfolio Review Update
Aligned with the Company's ongoing strategic review, on October 20 th , 2026,
FIS divested a non-core prepaid business within the Banking Solutions segment.
This divestiture further simplifies our portfolio of assets and generated gross
sale proceeds of over $100M.
Full-Year 2026 Outlook
For the full-year, the Company is updating its outlook, projecting Adjusted
revenue growth of 28 - 29%, Adjusted EBITDA growth of 29 - 30% and Adjusted EPS
growth of 1.2 - 2.4%. On a Pro Forma basis, revenue is projected to grow 3.1 -
3.6% and Adjusted EBITDA is projected to grow 2.9 - 3.6% 2 . Additionally, the
Company is maintaining its target for Free Cash Flow 1 of $2.15 - $2.25 billion,
or growth of 33 - 39% as compared to the prior year.
($ millions, except share data) FY 2026
Revenue $13,445 - $13,505
Adjusted EBITDA (Non-GAAP)2 $5,565 - $5,605
Adjusted EPS (Non-GAAP)2 $5.82 - $5.89
1 Our 2026 Free Cash Flow outlook is defined as Free cash flow excluding cash
transaction taxes on business dispositions, primarily the Worldpay sale.
2 The Company does not provide a reconciliation for non-GAAP estimates on a
forward-looking basis where it is unable to provide a meaningful or accurate
calculation or estimation of reconciling items and the information is not
available without unreasonable effort.
Webcast
FIS will host a live webcast of its earnings conference call with the investment
community beginning at 8:30 a.m. (EST) on Wednesday, November 4, 2026. To access
the webcast, go to the Investor Relations section of FIS’ homepage,
www.investor.fisglobal.com. A replay will be available after the conclusion of
the live webcast.
About FIS
FIS is a financial technology company providing solutions to financial
institutions, businesses and developers. We unlock financial technology to the
world across the money lifecycle underpinning the world's financial system. Our
people are dedicated to advancing the way the world pays, banks and invests, by
helping our clients to confidently run, grow and protect their businesses. Our
expertise comes from decades of experience helping financial institutions and
businesses of all sizes adapt to meet the needs of their customers by harnessing
where reliability meets innovation in financial technology. Headquartered in
Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard &
Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn,
Facebook and X.
FIS Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the term used to refer to the
standard framework of guidelines for financial accounting in the United States.
GAAP includes the standards, conventions, and rules accountants follow in
recording and summarizing transactions and in the preparation of financial
statements. In addition to reporting financial results in accordance with GAAP,
we have provided certain non-GAAP financial measures.
These non-GAAP measures include constant currency revenue, Adjusted revenue
growth, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings, Adjusted
EPS, Free cash flow and Free cash flow excluding cash transaction taxes on the
Worldpay sale.
Due to the financial impact of the acquisition of the Issuer Solutions Business,
FIS is also providing additional information to improve the understanding of the
Company’s operating performance and has recalculated certain non-GAAP measures
of the Company’s historical financial performance on an adjusted combined
company basis for the periods shown herein. This information includes Pro forma
combined revenue, Pro forma combined revenue growth, Adjusted pro forma combined
EBITDA and Adjusted pro forma combined EBITDA margin. The Company has derived
certain pro forma measures from the unaudited pro forma condensed combined
financial information of FIS and the Issuer Solutions Business and notes thereto
prepared in accordance with Article 11 of Regulation S-X for the year ended
December 31, 2025, in Exhibit 99.2 to the Company’s Form 8-K/A filed on February
24, 2026.
We believe these non-GAAP measures help investors better understand the
underlying fundamentals of our business. As further described below, the non-
GAAP revenue and earnings measures presented eliminate items management believes
are not indicative of FIS’ operating performance. The constant currency revenue
and Adjusted revenue growth measures adjust for the effects of exchange rate
fluctuations and exclude discontinued operations, while Adjusted revenue growth
also excludes revenue from Corporate and Other, giving investors further insight
into our performance. Finally, Free cash flow and Free cash flow excluding cash
transaction taxes on the Worldpay sale provide further information about the
ability of our business to generate cash. For these reasons, management also
uses these non-GAAP measures in its assessment and management of FIS’
performance.
Constant currency revenue
represents reported segment revenue excluding the impact of fluctuations in
foreign currency exchange rates in the current period.
Adjusted revenue growth
reflects the percentage change in constant currency revenue for the current
period as compared to the prior period. Constant currency revenue is calculated
by applying prior-year period foreign currency exchange rates to current-period
revenue. When referring to Adjusted revenue growth, revenue from our Corporate
and Other segment is excluded.
Adjusted EBITDA
reflects net earnings (loss) before interest, other income (expense), taxes,
equity method investment earnings (loss), and depreciation and amortization, and
excludes certain costs that do not constitute normal, recurring, cash operating
expenses necessary to operate our business. These excluded costs generally
include acquisition, integration and certain other costs and asset impairments.
Adjusted EBITDA for the respective segments excludes the foregoing items. This
measure is reported to the chief operating decision maker, the Company's Chief
Executive Officer and President, who utilizes the measure for purposes of making
decisions about allocating resources to the segments and assessing their
performance. For this reason, Adjusted EBITDA, as it relates to our segments, is
presented in conformity with FASB ASC Topic 280, Segment Reporting.
Adjusted EBITDA margin
reflects Adjusted EBITDA, as defined above, divided by revenue.
Adjusted net earnings
excludes the effect of purchase price amortization, as well as certain costs
that do not constitute normal, recurring, cash operating expenses necessary to
operate our business. For purposes of calculating Adjusted net earnings, our
equity method investment earnings (loss) ("EMI") from Worldpay is also adjusted
to exclude certain costs and other transactions in a similar manner.
Adjusted pro forma combined EBITDA
reflects net earnings (loss) before interest, other income (expense), taxes,
equity method investment earnings (loss), and depreciation and amortization, and
excludes certain costs that do not constitute normal, recurring, cash operating
expenses for FIS and Total Issuing Solutions™ combined for pre-acquisition
periods and assumes the Issuer Solutions acquisition occurred on January 1,
2025, unless otherwise indicated. These excluded costs generally include
acquisition, integration and certain other costs and asset impairments.
Adjusted pro forma combined EBITDA margin
reflects Adjusted pro forma combined EBITDA, as defined above, divided by Pro
forma combined revenue.
Adjusted EPS
reflects Adjusted net earnings, as defined above, divided by weighted average
diluted shares outstanding.
Free cash flow
reflects net cash provided by operating activities from continuing operations,
less capital expenditures (additions to property and equipment and additions to
software from the statement of cash flows), excluding cash transaction taxes on
business dispositions, primarily the Worldpay sale.
Pro forma combined revenue
includes reported revenue for FIS and Total Issuing™ Solutions combined for pre-
acquisition periods and assumes the Issuer Solutions acquisition occurred on
January 1, 2025, unless otherwise indicated.
Pro forma combined revenue growth
represents Pro forma combined revenue excluding the impact of fluctuations in
foreign currency exchange rates in the current period as compared to the prior
period Pro forma combined revenue. When referring to Pro forma combined revenue
growth, revenue from our Corporate and Other segment is excluded.
Any non-GAAP measures should be considered in context with the GAAP financial
presentation and should not be considered in isolation or as a substitute for
GAAP measures. Further, FIS’ non-GAAP measures may be calculated differently
from similarly titled measures of other companies. Reconciliations of these non-
GAAP measures to related GAAP measures, including footnotes describing the
adjustments, are provided in the attached schedules and in the Investor
Relations section of the FIS website, www.investor.fisglobal.com .
Forward-Looking Statements
This earnings release and today’s webcast contain “forward-looking statements”
within the meaning of the U.S. federal securities laws. Statements that are not
historical facts, as well as other statements about our expectations, beliefs,
intentions, or strategies regarding the future, or other characterizations of
future events or circumstances, are forward-looking statements. Forward-looking
statements include statements about anticipated financial outcomes, including
any earnings outlook or projections, projected revenue or expense synergies or
dis-synergies, business and market conditions, outlook, foreign currency
exchange rates, deleveraging plans, expected dividends and share repurchases of
the Company, the Company’s sales pipeline and anticipated profitability and
growth, plans, strategies and objectives for future operations, strategic value
creation, risk profile and investment strategies, any statements regarding
future economic conditions or performance and any statements with respect to the
future impacts of the recently completed acquisition of the Issuer Solutions
Business, which has been rebranded as FIS Total Issuing™ Solutions. These
statements may be identified by words such as “expect,” “anticipate,” “intend,”
“plan,” “believe,” “will,” “should,” “could,” “would,” “project,” “continue,”
“likely,” and similar expressions, and include statements reflecting future
results or outlook, statements of outlook and various accruals and estimates.
These statements relate to future events and our future results and involve a
number of risks and uncertainties. Forward-looking statements are based on
management’s beliefs as well as assumptions made by, and information currently
available to, management.
Actual results, performance or achievement could differ materially from these
forward-looking statements. The risks and uncertainties to which forward-looking
statements are subject include the following, without limitation:
• changes in general economic, business and political conditions, a recession,
intensified or expanded international hostilities, acts of terrorism,
fluctuation in rates of inflation or interest, effects of announced or future
tariff increases and any resulting regulatory changes in global trade relations
and changes in consumer or business confidence;
• changes in either or both the United States and international lending, capital
and financial markets or currency fluctuations;
• the risk that acquired businesses, including FIS Total Issuing™ Solutions,
will not be integrated successfully or on the anticipated timeline, will not
provide the expected benefits in whole or in part, or that the integration will
be more costly or more time-consuming and complex than anticipated;
• the risk that cost savings and synergies anticipated to be realized from
acquisitions, including the Issuer Solutions Acquisition, may not be fully
realized or may take longer to realize than expected or that costs may be
greater than anticipated;
• the risks of doing business internationally;
• the effect of legislative initiatives or proposals, statutory changes,
governmental or applicable regulations and/or changes in industry requirements,
including privacy, data protection, cybersecurity, cyber resilience and AI laws
and regulations;
• our ability to comply with climate change legal and regulatory requirements
and to maintain practices that meet our stakeholders' evolving expectations;
• the risks of reduction in revenue from the elimination of existing and
potential customers due to consolidation in, or new laws or regulations
affecting, the banking, retail and financial services industries or due to
financial failures or other setbacks suffered by firms in those industries;
• changes in the growth rates of the markets for our solutions;
• the amount, declaration and payment of future dividends, which is at the
discretion of our Board of Directors and depends on, among other things, our
investment opportunities, results of operations, financial condition, cash
requirements, future prospects, and other factors that may be considered
relevant by our Board of Directors, including legal and contractual
restrictions;
• the amount and timing of any future share repurchases, which is subject to,
among other things, our share price, our other investment opportunities and cash
requirements, our results of operations and financial condition, our future
prospects and other factors that may be considered relevant by our Board of
Directors and management;
• failures to adapt our solutions to changes in technology or in the
marketplace;
• internal or external security or privacy breaches of our systems, including
those relating to unauthorized access, theft, corruption or loss of personal
information and computer viruses and other malware affecting our software or
platforms, and the reactions of customers, card associations, government
regulators and others to any such events;
• the risk that implementation of software, including software updates, for
customers or at customer locations or employee error in monitoring our software
and platforms may result in the corruption or loss of data or customer
information, interruption of business operations, outages, exposure to liability
claims or loss of customers;
• the risk that partners and third parties may fail to satisfy their legal
obligations to us;
• the risks and costs associated with cybersecurity issues and IT outages
experienced, including those that may occur from future events including AI-
related events;
• our ability to navigate the opportunities and risks associated with using
and/or incorporating AI technologies into our business, competitors’ and others’
use of AI, and AI-related security risks, including direct impacts on our
business as well as related effects on our clients and client demand;
• the risks associated with managing pension cost;
• the reaction of current and potential customers to communications from us or
regulators regarding information security, risk management, internal audit or
other matters;
• competitive pressures on pricing related to the decreasing number of community
banks in the U.S., the development of new disruptive technologies competing with
one or more of our solutions, increasing presence of international competitors
in the U.S. market and the entry into the market by global banks and global
companies with respect to certain competitive solutions, each of which may have
the impact of unbundling individual solutions from a comprehensive suite of
solutions we provide to many of our customers;
• the failure to innovate in order to keep up with new emerging technologies,
which could impact our solutions and our ability to attract new, or retain
existing, customers;
• an operational or natural disaster at one of our major operations centers;
• failure to comply with applicable requirements of payment networks or changes
in those requirements;
• fraud by bad actors; and
• other risks detailed elsewhere in the “Risk Factors” section and other
sections of our Annual Report on Form 10-K for the fiscal year ended December
31, 2025, and in our other filings with the Securities and Exchange Commission.
Other unknown or unpredictable factors also could have a material adverse effect
on our business, financial condition, results of operations and prospects.
Accordingly, readers should not place undue reliance on these forward-looking
statements. These forward-looking statements are inherently subject to
uncertainties, risks and changes in circumstances that are difficult to predict.
Except as required by applicable law or regulation, we do not undertake (and
expressly disclaim) any obligation, and do not intend, to publicly update or
review any of these forward-looking statements, whether as a result of new
information, future events or otherwise.
For More Information
Ellyn Raftery, 904.438.6083 George Mihalos, 904.438.6438
Chief Marketing & Communications Officer Senior Vice President
FIS Global Marketing & Corporate FIS Investor Relations
Communications
Ellyn.Raftery@fisglobal.com Georgios.Mihalos@fisglobal.com
Fidelity National Information Services, Inc.
Earnings Release Supplemental Financial Information
November 4, 2026
Exhibit A Condensed Consolidated Statements of Earnings (Loss) - Unaudited for
the three and nine months ended September 30, 2026 and 2025
Exhibit B Condensed Consolidated Balance Sheets - Unaudited as of September 30,
2026, and December 31, 2025
Exhibit C Condensed Consolidated Statements of Cash Flows - Unaudited for the
nine months ended September 30, 2026 and 2025
Exhibit D Supplemental Non-GAAP Adjusted Revenue Growth - Unaudited for the
three and nine months ended September 30, 2026 and 2025
Exhibit E Supplemental Disaggregation of Revenue - Unaudited for the three and
nine months ended September 30, 2026 and 2025
Exhibit F Supplemental Non-GAAP Adjusted Free Cash Flow Measures - Unaudited for
the three and nine months ended September 30, 2026 and 2025
Exhibit G Supplemental GAAP to Non-GAAP Reconciliations - Unaudited for the
three and nine months ended September 30, 2026 and 2025
FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) — UNAUDITED
(In millions, except per share amounts)
Exhibit A
Three Nine
months months
ended ended
September September
2026 30, 2025 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
Revenue $ 3,454 $ 2,717 $ 10,126 $ 7,865
Cost of 2,175 1,689 6,566 5,006
revenue
Gross 1,279 1,028 3,560 2,859
profit
Selling,
general,
and 627 584 1,916 1,713
adminis…
expenses
Asset — 2 104 4
impairm…
Other
operati…
(income)
expense,
net
(includ…
related…
transac…
of
$14 and
$70 for -8 -15 -50 -70
the
three-
and
nine-mo…
periods
ended
Septemb…
30,
2025,
respect…
Operati… 660 457 1,590 1,212
income
Other
income
(expens…
Interest
expense, -199 -90 -596 -279
net
Other
income -14 8 8 -188
(expens…
net
Total
other
income -213 -82 -588 -467
(expens…
net
Earnings
(loss)
before
income
taxes
and 447 375 1,002 745
equity
method
investm…
earnings
(loss)
Provisi…
(benefi…
for 90 87 260 179
income
taxes
Equity
method
investm…
earnings — -23 2,214 -692
(loss),
net of
tax
Net
earnings 357 265 2,956 -126
(loss)
Net
(earnin…
loss
attribu… -1 -1 -2 -2
to
noncont…
interest
Net
earnings
(loss) $ 356 $ 264 $ 2,954 $ -128
attribu…
to FIS
Net
earnings
(loss)
per $ 0.69 $ 0.51 $ 5.72 $ -0.24
share-b…
attribu…
to FIS
Weighted
average 516 521 516 525
shares
outstan…
Net
earnings
(loss)
per $ 0.69 $ 0.50 $ 5.71 $ -0.24
share-d…
attribu…
to FIS
Weighted
average 517 523 517 525
shares
outstan…
Amounts in table may not sum or calculate due to rounding.
1
FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED
(In millions, except per share amounts)
September 30, December 31,
2026 2025 Exhibit B
──────────────────────────────────────────────────────────────────────────────
ASSETS
Current assets:
Cash and cash equivalents $ 740 $ 599
Settlement assets 587 515
Trade receivables, net 2,357 1,944
Other receivables 247 432
Receivable from related — 39
party
Prepaid expenses and other
current 1,294 959
assets
Total current assets 5,225 4,488
Property and equipment, 1,103 691
net
Goodwill 25,002 17,762
Intangible assets, net 4,127 959
Software, net 5,119 2,876
Equity method investment 13 3,681
Other noncurrent assets 1,840 1,710
Deferred contract costs, 1,306 1,321
net
Total assets $ 43,735 $ 33,488
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable, accrued
and other $ 2,361 $ 2,097
liabilities
Settlement payables 638 549
Deferred revenue 939 957
Short-term borrowings 3,904 2,729
Current portion of 1,732 1,284
long-term debt
Total current liabilities 9,574 7,616
Long-term debt, excluding
current 15,133 9,069
portion
Deferred income taxes 832 1,215
Other noncurrent 1,965 1,686
liabilities
Total liabilities 27,504 19,586
Equity:
FIS stockholders' equity:
Preferred stock $0.01 par — —
value
Common stock $0.01 par 6 6
value
Additional paid in capital 47,545 47,317
(Accumulated deficit) -20,452 -22,718
retained earnings
Accumulated other
comprehensive earnings -544 -504
(loss)
Treasury stock, at cost -10,327 -10,202
Total FIS stockholders' 16,228 13,899
equity
Noncontrolling interest 3 3
Total equity 16,231 13,902
Total liabilities and $ 43,735 $ 33,488
equity
Amounts in table may not sum or calculate due to rounding.
2
FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED (In millions)
Cash flows from Nine months ended
operating September 30,
activities: 2026 2025 Exhibit C
──────────────────────────────────────────────────────────────────────────────
Net earnings $ 2,956 $ -126
(loss)
Adjustment to
reconcile net
earnings
(loss) to net
cash provided by
operating
activities:
Depreciation and 1,969 1,415
amortization
Amortization of
debt issuance 33 33
costs
Asset impairments 104 4
(Gain) loss on
sale of
businesses, -2 97
investments and
other
Stock-based 146 136
compensation
(Gain) loss from
equity method -2,214 692
investment
Deferred income 12 -71
taxes
Net changes in
assets and
liabilities,
net of effects
from acquisitions
and
foreign currency:
Trade and other -76 59
receivables
Receivable from 39 50
related party
Settlement 3 4
activity
Prepaid expenses -169 -1
and other assets
Deferred contract -292 -304
costs
Deferred revenue -88 -37
Accounts payable,
accrued
liabilities -238 -101
and other
liabilities
Net cash provided
by operating 2,183 1,850
activities
Cash flows from
investing
activities:
Additions to
property and -142 -135
equipment
Additions to -657 -530
software
Cash divested
from sale of — -1,417
business
Acquisitions, net -7,859 -574
of cash acquired
Coupon payments
on interest rate -87 -87
swaps
Distributions
from equity 32 107
method
investments
Other investing -63 -66
activities, net
Net cash provided
by (used in) -8,776 -2,702
investing
activities
Cash flows from
financing
activities:
Borrowings 86,990 38,159
Repayment of
borrowings and
other -79,313 -37,155
financing
arrangements
Debt issuance -65 -27
costs
Treasury stock -142 -1,132
activity
Net proceeds from
stock issued
under — 8
stock-based
compensation
plans
Dividends paid -687 -640
Other financing -8 1
activities, net
Net cash provided
by (used in) 6,775 -786
financing
activities
Net cash provided
by (used in)
operating
activities from — 208
discontinued
operations
(1)
Effect of foreign
currency exchange -16 55
rate
changes on cash
Net increase
(decrease) in
cash, cash 166 -1,375
equivalents and
restricted cash
Cash, cash
equivalents and
restricted 599 1,946
cash, beginning
of period
Cash, cash
equivalents and
restricted $ 765 $ 571
cash, end of
period
Amounts in table may not sum or calculate due to rounding.
(1) As discussed in Note 1 to our consolidated financial statements, the Company
completed the 2024 Worldpay Sale on January 31, 2024. Certain assets included as
part of the 2024 Worldpay Sale did not convey until the first quarter of 2025
after receiving all required regulatory approvals. These assets generated
operating cash flows from discontinued operations but did not generate any net
earnings from discontinued operations during the nine months ended September 30,
2025.
3
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL NON-GAAP ADJUSTED REVENUE GROWTH — UNAUDITED
(In millions)
Thr…
mon…
end…
Sep…
30, Cons… 2025 Adju…
2026 Curr… Reve… Grow… Exh…
Rev… FX Reve… (1) (2) D
──────────────────────────────────────────────────────────────────────────────
Ba… $ 2,5… $ -1 $ 2,5… $ 1,8… 41 %
So…
Ca…
Ma… 823 1 824 799 3 %
So…
Op…
se… 3,3… — 3,3… 2,6… 29 %
to…
Co…
and 83 — 84 107
Ot…
Co… $ 3,4… $ — $ 3,4… $ 2,7…
FIS
Nine
mont…
ended
Sept…
30, Con… 2025 Adj…
2026 Cur… Rev… Gro…
Reve… FX Rev… (1) (2)
──────────────────────────────────────────────────────────────────────────────
Ban… $ 7,405 $ -31 $ 7,373 $ 5,163 43 %
Sol…
Cap…
Mar… 2,456 -14 2,443 2,370 3 %
Sol…
Ope…
seg… 9,861 -45 9,816 7,533 30 %
tot…
Cor…
and 265 -2 263 332
Oth…
Con… $ 10,1… $ -47 $ 10,0… $ 7,865
FIS
Amounts in table may not sum or calculate due to rounding.
(1) As a result of the Company's acquisition of the Issuer Solutions Business,
the Company reassessed its reportable segments in the first quarter of 2026 and
included the Issuer Solutions Business within the Banking Solutions segment. In
connection with this reassessment, the Company also reclassified certain
businesses among the Banking Solutions, Capital Market Solutions, and Corporate
and Other segments. All prior-period segment information was recast to conform
to the Company's revised reportable segment presentation.
(2) Adjusted growth excludes Corporate and Other, which includes certain non-
strategic businesses.
4
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL DISAGGREGATION OF REVENUE — UNAUDITED
(In millions)
Exhibit E
In the following tables, revenue is disaggregated by primary geographical market
and type of revenue. The tables also include a reconciliation of the
disaggregated revenue with the Company's reportable segments.
For the three months ended September 30, 2026 (in millions):
Primary Capital Corpora…
Geogra… Banking Market and
Market… Solutio… Solutions Other Total
──────────────────────────────────────────────────────────────────────────────
North $ 2,126 $ 498 $ 62 $ 2,686
America
All 422 325 21 768
others
Total $ 2,548 $ 823 $ 83 $ 3,454
Type of
Revenu…
Recurr…
revenu…
Transa…
proces… $ 1,948 $ 413 $ 71 $ 2,432
and
servic…
Softwa… 106 165 1 272
mainte…
Other 88 36 3 127
recurr…
Total 2,142 614 75 2,831
recurr…
Softwa… 88 128 — 216
license
Profes… 171 78 3 252
servic…
Other 147 3 5 155
non-re…
Total $ 2,548 $ 823 $ 83 $ 3,454
For the three months ended September 30, 2025 (1) (in millions):
Primary Capital Corpora…
Geogra… Banking Market and
Market… Solutio… Solutio… Other Total
──────────────────────────────────────────────────────────────────────────────
North $ 1,553 $ 497 $ 75 $ 2,125
America
All 258 302 32 592
others
Total $ 1,811 $ 799 $ 107 $ 2,717
Type of
Revenu…
Recurr…
revenu…
Transa…
proces… $ 1,330 $ 409 $ 91 $ 1,830
and
servic…
Softwa… 91 160 1 252
mainte…
Other 75 27 5 107
recurr…
Total 1,496 596 97 2,189
recurr…
Softwa… 44 95 — 139
license
Profes… 140 98 5 243
servic…
Other 131 10 5 146
non-re…
Total $ 1,811 $ 799 $ 107 $ 2,717
(1) As a result of the Company's acquisition of the Issuer Solutions Business,
the Company reassessed its reportable segments in the first quarter of 2026 and
included the Issuer Solutions Business within the Banking Solutions segment. In
connection with this reassessment, the Company also reclassified certain
businesses among the Banking Solutions, Capital Market Solutions, and Corporate
and Other segments. All prior‑period segment information was recast to conform
to the Company's revised reportable segment presentation.
Amounts in table may not sum or calculate due to rounding.
5
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL DISAGGREGATION OF REVENUE — UNAUDITED
(In millions)
Exhibit E (continued)
For the nine months ended September 30, 2026 (in millions):
Prima… Capital Corpora…
Geogr… Banking Market and
Marke… Soluti… Soluti… Other Total
──────────────────────────────────────────────────────────────────────────────
North $ 6,176 $ 1,501 $ 200 $ 7,877
Ameri…
All 1,229 955 65 2,249
others
Total $ 7,405 $ 2,456 $ 265 $ 10,126
Type
of
Reven…
Recur…
reven…
Trans…
proce… $ 5,697 $ 1,244 $ 228 $ 7,169
and
servi…
Softw… 323 494 1 818
maint…
Other 265 91 11 367
recur…
Total 6,285 1,829 240 8,354
recur…
Softw… 239 360 — 599
licen…
Profe… 461 259 8 728
servi…
Other 420 8 17 445
non-r…
Total $ 7,405 $ 2,456 $ 265 $ 10,126
For the nine months ended September 30, 2025 (1) (in millions):
Prima… Capital Corpora…
Geogr… Banking Market and
Marke… Solutio… Soluti… Other Total
──────────────────────────────────────────────────────────────────────────────
North $ 4,451 $ 1,469 $ 231 $ 6,151
Ameri…
All 712 901 101 1,714
others
Total $ 5,163 $ 2,370 $ 332 $ 7,865
Type
of
Reven…
Recur…
reven…
Trans…
proce… $ 3,842 $ 1,207 $ 283 $ 5,332
and
servi…
Softw… 271 469 2 742
maint…
Other 209 73 15 297
recur…
Total 4,322 1,749 300 6,371
recur…
Softw… 111 302 — 413
licen…
Profe… 379 296 15 690
servi…
Other 351 23 17 391
non-r…
Total $ 5,163 $ 2,370 $ 332 $ 7,865
(1) As a result of the Company's acquisition of the Issuer Solutions Business,
the Company reassessed its reportable segments in the first quarter of 2026 and
included the Issuer Solutions Business within the Banking Solutions segment. In
connection with this reassessment, the Company also reclassified certain
businesses among the Banking Solutions, Capital Market Solutions, and Corporate
and Other segments. All prior‑period segment information was recast to conform
to the Company's revised reportable segment presentation.
Amounts in table may not sum or calculate due to rounding .
6
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL NON-GAAP ADJUSTED FREE CASH FLOW MEASURES — UNAUDITED
(In millions)
Three
months September Nine months September
ended 30, 2026 ended 30, 2026 Exhibit F
──────────────────────────────────────────────────────────────────────────────
Net cash
provided
by $ 976 $ 2,183
operating
activities
Capital -281 -799
expenditu…
Free cash 695 1,384
flow
Cash
transacti…
taxes on 167 477
the
Worldpay
Sale
Free cash
flow
excluding
cash $ 862 $ 1,861
transacti…
taxes on
dispositi…
Three months September 30, Nine months September 30,
ended 2025 ended 2025
──────────────────────────────────────────────────────────────────────────────
Net cash
provided by $ 1,012 $ 1,850
operating
activities
Capital -214 -665
expenditures
Free cash 798 1,185
flow
Cash
transaction
taxes on the — —
Worldpay
Sale
Free cash
flow
excluding
cash $ 798 $ 1,185
transaction
taxes on
dispositions
Amounts in table may not sum or calculate due to rounding.
Free cash flow reflects net cash provided by operating activities less capital
expenditures (additions to property and equipment and additions to software from
the statement of cash flows).
Neither Free cash flow nor Free cash flow excluding cash transaction taxes on
dispositions represents our residual cash flows available for discretionary
expenditures, as we have mandatory debt service requirements and other non-
discretionary expenditures that are not deducted from the measure.
7
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED
(In millions, except per share amounts)
Exhibit G
Three Nine
months months
ended ended
September September
2026 30, 2025 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
Net
earnings
(loss)
attribu… $ 356 $ 264 $ 2,954 $ -128
to FIS
from
continu…
operati…
Provisi…
(benefi…
for 90 87 260 179
income
taxes
Interest
expense, 199 90 596 279
net
Equity
method
investm…
(earnin… — 23 -2,214 692
loss,
net of
tax
Other, 15 -7 -6 190
net
Operati…
income
(loss), 660 457 1,590 1,212
as
reported
Depreci…
and
amortiz…
excludi… 355 302 1,038 898
purchase
account…
amortiz…
Non-GAAP
adjustm…
Purchase
account… 320 177 931 517
amortiz…
(1)
Acquisi…
integra…
and 147 197 532 503
other
costs
(2)
Asset
impairm… — 2 104 4
(3)
Adjusted
EBITDA
from $ 1,482 $ 1,135 $ 4,195 $ 3,134
continu…
operati…
Net
earnings
(loss)
attribu… $ — $ — $ — $ —
to FIS
from
discont…
operati…
Interest
expense, — — — -1
net
Other, — — — -1
net
Operati…
income — — — -2
(loss)
Adjusted
EBITDA
from $ — $ — $ — $ -2
discont…
operati…
Adjusted $ 1,482 $ 1,135 $ 4,195 $ 3,132
EBITDA
See Notes to Exhibit G.
Amounts in table may not sum or calculate due to rounding.
8
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED
(In millions, except per share amounts)
Exhibit G (continued)
Three Nine
months months
ended ended
September September
2026 30, 2025 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
Earnings
(loss) $ 356 $ 264 $ 2,954 $ -128
attribut…
to FIS
Equity
method
investme… — 23 -2,214 692
(earning…
loss, net
of tax
Earnings
(loss)
attribut…
to FIS,
excluding 356 287 740 564
equity
method
investme…
earnings
(loss)
Non-GAAP
adjustme…
Purchase
accounti… 320 177 931 517
amortiza…
(1)
Acquisit…
integrat…
and other 147 197 551 523
costs
(2)
Asset
impairme… — 2 104 4
(3)
Non-oper…
(income) 14 -8 -8 188
expense
(4)
Non-GAAP
tax
(provisi… -6 -1 -31 -58
benefit
(5)
Total
non-GAAP 475 367 1,547 1,174
adjustme…
Adjusted
net
earnings
attribut…
to
FIS, 831 654 2,287 1,738
excluding
equity
method
investme…
earnings
(loss)
Equity
method
investme…
earnings
(loss), — -23 8 -692
net of
tax and
gain on
sale (6)
Non-GAAP
adjustme…
on equity
method
investme…
earnings
(loss), — 158 3 1,103
net of
related
(provisi…
benefit
for
income
taxes (7)
Adjusted
equity
method — 135 11 411
investme…
earnings
(loss)
Adjusted
net
earnings $ 831 $ 789 $ 2,298 $ 2,149
attribut…
to
FIS
See Notes to Exhibit G.
Amounts in table may not sum or calculate due to rounding.
9
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED
(In millions, except per share amounts)
Exhibit G (continued)
Three Nine
mont… months
ended ended
Sept… Septe…
2026 30, 2025 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
Earn…
(los…
attr… $ 0.69 $ 0.50 $ 5.71 $ -0.24
to
FIS
Equi…
meth…
inve…
(ear… — 0.04 -4.28 1.31
loss,
net
of
tax
Earn…
(los…
attr…
to
FIS,
excl… 0.69 0.55 1.43 1.07
equi…
meth…
inve…
earn…
(los…
Non-…
adju…
from
cont…
oper…
Purc…
acco… 0.62 0.34 1.80 0.98
amor…
(1)
Acqu…
inte…
and 0.28 0.38 1.07 0.99
other
costs
(2)
Asset
impa… — — 0.20 0.01
(3)
Non-…
(inc… 0.03 -0.02 -0.02 0.36
expe…
(4)
Non-…
tax
(pro… -0.01 — -0.06 -0.11
bene…
(5)
Total
non-… 0.92 0.70 2.99 2.23
adju…
Adju…
net
earn…
attr…
to
FIS, 1.61 1.25 4.42 3.30
excl…
equi…
meth…
inve…
earn…
(los…
Equi…
meth…
inve…
earn…
(los…
net
of — -0.04 0.02 -1.31
tax
and
gain
on
sale
(6)
Non-…
adju…
on
equi…
meth…
inve…
earn…
(los…
net — 0.30 0.01 2.09
of
rela…
(pro…
bene…
for
inco…
taxes
(7)
Adju…
equi…
meth… — 0.26 0.02 0.78
inve…
earn…
(los…
Adju…
net
earn… $ 1.61 $ 1.51 $ 4.44 $ 4.08
attr…
to
FIS
Weig…
aver…
shar… 517 523 517 527
outs…
(8)
See Notes to Exhibit G.
Amounts in table may not sum or calculate due to rounding.
10
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED
(In millions, except per share amounts)
Exhibit G (continued)
Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliations for the three
and nine months ended September 30, 2026 and 2025.
(1) This item represents purchase price amortization expense on all intangible
assets acquired through various Company acquisitions, including customer
relationships, contract value, technology assets, trademarks and trade names.
The Company has excluded the impact of purchase price amortization expense as
such amounts can be significantly impacted by the timing and/or size of
acquisitions. Although the Company excludes these amounts from its non-GAAP
expenses, the Company believes that it is important for investors to understand
that such intangible assets contribute to revenue generation. Amortization of
assets that relate to past acquisitions will recur in future periods until such
assets have been fully amortized. Any future acquisitions may result in the
amortization of future assets.
(2) This item represents costs comprised of the following:
Three Nine
months months
ended Septemb… ended Septemb…
2026 30, 2025 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
M&A
transa…
and $ 60 $ 45 $ 180 $ 147
integr…
expens…
Enterp…
transf… 79 148 342 326
initia…
Other 8 4 10 30
Subtot… 147 197 532 503
Financ…
costs -
Issuer — — 19 20
Soluti…
acquis…
(a)
Total $ 147 $ 197 $ 551 $ 523
(a) This item represents financing costs incurred primarily to secure funding
for the Issuer Solutions Business acquisition from Global Payments. These costs
are recorded as Interest expense, net on our consolidated statements of earnings
(loss). Accordingly, this item is included in Acquisition, integration and other
costs for purposes of calculating Adjusted net earnings but not Adjusted EBITDA.
Amounts in table may not sum due to rounding. 2025 amounts have been
reclassified to conform to current-period presentation.
(3) For the nine months ended September 30, 2026, this item included impairments
primarily related to the abandonment or termination of certain internally
developed software.
(4) Non-operating (income) expense primarily consists of other income and
expense items outside of the Company's
operating activities, including fair value adjustments on certain non-operating
assets and liabilities and foreign
currency transaction remeasurement gains and losses. For the nine months ended
September 30, 2025, this item also includes a $108 million write-off, triggered
by the agreement to sell FIS' non-controlling 45% stake in Worldpay, of the
contingent consideration included as part of the 2024 sale of a 55% ownership
interest in its Worldpay Merchant Solutions business (the "2024 Worldpay Sale").
(5) This adjustment is based on an adjusted effective tax rate of 10.3% for the
three, and 11.2% for the nine, months ended September 30, 2026, primarily
reflecting certain cash tax benefits from our acquisition of the Issuer
Solutions Business, and 12.0% for the three and nine months ended September 30,
2025, primarily reflecting certain cash tax benefits from our equity method
investment in Worldpay.
(6) FIS completed the sale of its non-controlling 45% stake in Worldpay on
January 9, 2026. For the nine months ended
September 30, 2026, this item reflects our share of the net earnings (loss), net
of tax, attributable to Worldpay for the
period from January 1 to January 8, 2026, and excludes the gain on sale, net of
tax, which is recorded within Equity
method investment earnings (loss), net of tax. For the the three and nine months
ended September 30, 2025, this item reflects our share of net earnings (loss),
net of tax, attributable to Worldpay.
(7) This item represents FIS' proportionate share of Worldpay's non-GAAP
adjustments on its net earnings (loss) consistent with FIS' non-GAAP measures
and is comprised of the following:
11
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED
(In millions, except per share amounts)
Three
months Nine months
ended ended
FIS' share September September
of 30, 30,
Worldpay: 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Purchase
accounting $ — $ 158 $ 14 $ 474
amortizat…
Acquisiti…
integrati…
and other — 32 4 117
costs
(a)
Non-opera…
(income) — -16 -1 29
expense
Non-GAAP
tax — -16 -14 483
(provisio…
benefit
Non-GAAP
adjustmen…
on equity
method
investment
earnings
(loss), $ — $ 158 $ 3 $ 1,103
net of
related
(provisio…
benefit
for income
taxes
(a) Worldpay acquisition, integration, and other costs for the three months
ended September 30, 2025, and the nine months ended September 30, 2026 and 2025,
consist primarily of transaction and transition costs related to the separation
from FIS.
Amounts in table may not sum due to rounding.
(8) For the nine months ended September 30, 2025, Adjusted net earnings is a
gain, while the corresponding GAAP amount for this period is a loss. As a
result, in calculating Adjusted net earnings per share-diluted for this period,
the weighted average shares outstanding-diluted amount of approximately 527
million used in the calculation includes approximately 2 million shares for the
nine months ended September 30, 2025, that in accordance with GAAP are excluded
from the calculation of the GAAP Net loss per share-diluted for the periods, due
to their anti-dilutive impact.
12