FIS Q3 FY2026: revenue up 27.1%, adjusted EPS $1.61, pro forma growth 3.7%
FIS beat its own revenue guide, but the headline number is flattered by an acquisition. Revenue of $3.454 billion rose 27.1%, yet pro forma growth was 3.7% and adjusted EPS rose 6.6% to $1.61. Read the GAAP and pro forma lines side by side: the gap is the Total Issuing Solutions deal, not a surge in demand.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.69 against $0.50, and adjusted EPS was $1.61 against $1.51, a 6.6% gain. The bridge between the two is wide: $320 million of purchase accounting amortization and $147 million of acquisition, integration and other costs landed this quarter. Gross margin slipped to 37.0% from 37.8% because cost of revenue grew 28.8%, faster than revenue.
Revenue of $3.454 billion rose 27.1% from $2.717 billion a year ago, ahead of the $3.43 billion guide given last quarter. Almost all of that is the Total Issuing Solutions acquisition, since pro forma revenue grew 3.7% with recurring revenue up 2.5%. Banking Solutions carried the quarter at $2.548 billion (+41%), Capital Market Solutions grew 3.0% to $823 million, and Corporate and Other shrank 22.0% to $83 million.
Full-year revenue is guided to $13.445–$13.505 billion, with adjusted EPS of $5.82–$5.89 and free cash flow of $2.15–$2.25 billion. Adjusted EPS growth of 1.2–2.4% looks thin next to adjusted revenue growth of 28–29% — the arithmetic of a large acquisition plus higher interest costs. Subtract nine-month revenue of $10.126 billion from the midpoint and the outlook implies roughly $3.35 billion in the fourth quarter.
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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 2026-11-04
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