FIS Q2 FY2026: adjusted EPS $1.48, pro forma outlook trimmed
FIS delivered $3.38 billion of revenue and $1.48 of adjusted EPS, roughly matching the $1.4874 consensus, but trimmed its pro forma revenue and EBITDA growth outlook for the year. Reported growth of 29% is mostly the Total Issuing Solutions acquisition, so the 5.3% pro forma rate is the number that describes the underlying business. View: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.45 versus a $0.90 loss a year ago, while adjusted EPS rose 8.8% to $1.48 from $1.36. That came in a hair under the $1.4874 consensus, so this was an in-line quarter rather than a beat. The $1.03 gap between GAAP and adjusted EPS is mostly purchase accounting amortization of $0.62 and acquisition, integration and other costs of $0.46.
Revenue was $3.38 billion, up 29.0% on a GAAP basis from $2.62 billion but only 5.3% on a pro forma basis, with recurring revenue up 5.1%. Adjusted EBITDA rose 35.0% to $1.41 billion and margin expanded 193 basis points to 41.7%, helped by the high-margin acquisition. Banking Solutions did the heavy lifting at $2.48 billion, Capital Market Solutions grew 3.5% to $810 million, and Corporate and Other fell 26.0% to $84 million.
Full-year adjusted revenue growth guidance stays at 29.0–30.0% and adjusted EPS growth at 7.0–8.5%, but pro forma revenue growth was cut to 4.5–5.0% from 5.1–5.7% and pro forma adjusted EBITDA growth to 5.9–6.9% from 7.2–8.4%. Free cash flow guidance was raised by $100 million to $2.15–$2.25 billion, or 33.0–39.0% growth. Third-quarter revenue is guided to $3.42–$3.45 billion and adjusted EPS to $1.58–$1.62.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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