ValueScreener

ValueScreener company report

Fidelity National Information Services, Inc. (FIS)

NYSE / Technology / Information Technology Services

Share price

36.13 USD Market dataClose of Oct 15, 2026

Market capitalisation

18.64B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 24, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

5.1% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

49.49x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

12.9% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 9.24B USDFY2016 Net income: 525.0M USDFY2017 Revenue: 9.12B USDFY2017 Net income: 1.26B USDFY2018 Revenue: 8.42B USDFY2018 Net income: 846.0M USDFY2019 Revenue: 10.33B USDFY2019 Net income: 298.0M USDFY2020 Revenue: 12.55B USDFY2020 Net income: 158.0M USDFY2021 Revenue: 9.34B USDFY2021 Net income: 417.0M USDFY2022 Revenue: 9.72B USDFY2022 Net income: -16.75B USDFY2023 Revenue: 9.83B USDFY2023 Net income: -6.66B USDFY2024 Revenue: 10.13B USDFY2024 Net income: 1.45B USDFY2025 Revenue: 10.68B USDFY2025 Net income: 382.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 49.49x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Information Technology Services industry (41 companies), 49.49x sits at the 87th percentile; the middle half of that group runs from 13.31x to 25.20x.

Is it good

Return on invested capital was 5.1% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Technology sector (220 companies), 5.1% sits at the 37th percentile; the middle half of that group runs from 1.2% to 17.5%.

Is it safe

Interest coverage was 4.45x in FY2025, in the band labelled "Investment grade" (3.00x to 6.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Fidelity National Information Services, Inc.'s return on invested capital stayed above the median of the Technology sector, year by year. (FY2023 to FY2025, 3 fiscal years of Fidelity National Information Services, Inc. with a comparable figure)
The direction
Which way Fidelity National Information Services, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Fidelity National Information Services, Inc.)
What could explain it
What in Fidelity National Information Services, Inc.'s filed statements could explain the movements. (10 readings drawn from the statement lines Fidelity National Information Services, Inc. filed)
What to check next
What to check next on Fidelity National Information Services, Inc., and where in its filings. (3 questions for Fidelity National Information Services, Inc.)
In one paragraph
One paragraph on Fidelity National Information Services, Inc.'s returns, cash, balance sheet and price. (16 of sixteen figures read for Fidelity National Information Services, Inc.)

These are FIS’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research FISPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 24, 2026, accession 0001136893-26-000013.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Fidelity National Information Services, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax5.1% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Return on equity2.8% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Return on capital employed, pre-tax6.7% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Return on assets1.1% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Gross margin36.9% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Operating margin16.3% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Net margin3.6% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
FIS 3.6%
CDW 4.8%IT 11.2%CACI 5.6%LDOS 8.4%GIB 11.5%
3.6%11.5%
Net margin: FIS against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Fidelity National Information Services, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.96 ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Current ratio0.59 ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Quick ratio0.59 ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Interest coverage4.45x ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Altman Z-score0.01 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Net debt12.73B ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Total assets 33.49BTotal liabilities 19.59BShareholders' equity 13.90BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Fidelity National Information Services, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 24, 2026, 0001136893-26-000013).

Fidelity National Information Services, Inc: balance sheet position
Total assets33.49B FiledFY2025 10-K, filed Feb 24, 2026
Total liabilities19.59B FiledFY2025 10-K, filed Feb 24, 2026
Shareholders' equity13.90B FiledFY2025 10-K, filed Feb 24, 2026
Cash599.0M FiledFY2025 10-K, filed Feb 24, 2026
Total debt13.33B FiledFY2025 10-K, filed Feb 24, 2026
Net debt12.73B
Current ratio0.59
Debt to equity0.96

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Fidelity National Information Services, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings49.49x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
P/E on trailing twelve months5.45x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.36x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Price to sales1.78x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Enterprise value to EBIT18.21x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Enterprise value to EBITDA8.75x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Price to earnings over growth2.16 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Diluted earnings per share0.73 USD FiledFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Graham number20.85 USD ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013

We publish no fair value or price target of our own. Value FIS on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Fidelity National Information Services, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Fidelity National Information Services, Inc: valuation
Share price36.13 USD
Market capitalisation18.64B USD
Enterprise value to EBITDA8.75x
Graham number20.85 USD
Diluted earnings per share, FY20250.73 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Aug 3, 2017: low 4.98x, median 57.51x, high 896.27x, latest 5.45x. 1,690 trading days with a meaningful ratio, 622 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Fidelity National Information Services, Inc

  1. CDW Corporation (CDW)Market cap 19.29B USD
  2. Gartner, Inc. (IT)Market cap 13.09B USD
  3. CACI International Inc (CACI)Market cap 13.51B USD
  4. Leidos Holdings, Inc. (LDOS)Market cap 15.56B USD
  5. CGI Inc. (GIB)Market cap 13.70B USD

Same industry (Information Technology Services) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Fidelity National Information Services, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield12.9% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Free cash flow2.45B USD ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Free cash flow margin23.0% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Dividend yield4.8% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Payout ratio221.7% ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
FY2016 Free cash flow: 1.78B USDFY2016 Net income: 525.0M USDFY2017 Free cash flow: 1.60B USDFY2017 Net income: 1.26B USDFY2018 Free cash flow: 1.87B USDFY2018 Net income: 846.0M USDFY2019 Free cash flow: 2.21B USDFY2019 Net income: 298.0M USDFY2020 Free cash flow: 4.18B USDFY2020 Net income: 158.0M USDFY2021 Free cash flow: 4.49B USDFY2021 Net income: 417.0M USDFY2022 Free cash flow: 3.71B USDFY2022 Net income: -16.75B USDFY2023 Free cash flow: 4.22B USDFY2023 Net income: -6.66B USDFY2024 Free cash flow: 2.08B USDFY2024 Net income: 1.45B USDFY2025 Free cash flow: 2.45B USDFY2025 Net income: 382.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Fidelity National Information Services, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
49.49xFY2025Oct 15, 2026
1.36xFY2025Oct 15, 2026
18.21xFY2025Oct 15, 2026
12.9%FY2025Oct 15, 2026
5.1%FY2025Feb 24, 2026
4.8%FY2025Oct 15, 2026
0.96FY2025Feb 24, 2026
0.59FY2025Feb 24, 2026
1.78xFY2025Oct 15, 2026
2.16FY2025Oct 15, 2026
0.01FY2025Oct 15, 2026
-2.97FY2025Feb 24, 2026
6/9FY2025Feb 24, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Fidelity National Information Services, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Fidelity National Information Services, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202510.68B1.74B382.0M0.732.45B16.3%2.8%10-K, Feb 24, 20260001136893-26-000013
FY202410.13B1.71B1.45B2.612.08B16.9%9.2%10-K, Feb 13, 20250001136893-25-000014
FY20239.83B1.45B-6.66B-11.264.22B14.7%-34.9%10-K, Feb 26, 20240001136893-24-000015
FY20229.72B1.18B-16.75B-27.743.71B12.1%-61.5%10-K, Feb 27, 20230001136893-23-000028
FY20219.34B1.04B417.0M0.674.49B11.1%0.9%10-K, Feb 23, 20220001136893-22-000038
FY202012.55B552.0M158.0M0.254.18B4.4%0.3%10-K, Feb 18, 20210001136893-21-000025
FY201910.33B969.0M298.0M0.662.21B9.4%0.6%10-K, Feb 20, 20200001136893-20-000032
FY20188.42B1.46B846.0M2.551.87B17.3%8.3%10-K, Feb 21, 20190001136893-19-000008
FY20179.12B1.43B1.26B3.751.60B15.7%11.8%10-K, Feb 22, 20180001136893-18-000011
FY20169.24B1.23B525.0M1.591.78B13.3%5.4%10-K, Feb 23, 20170001136893-17-000008
  • Revenue, compound annual growth FY2016 to FY2025: 1.6%
  • Earnings, compound annual growth FY2016 to FY2025: -3.5%
  • Earnings per share, compound annual growth FY2016 to FY2025: -8.3%
  • Free cash flow, compound annual growth FY2016 to FY2025: 3.6%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Fidelity National Information Services, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.97 ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 24, 2026, 0001136893-26-000013
Named tests met3 of 30 Computed
Beta0.46 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 27 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Dividends and buybacks; Owner earnings yield; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(1)
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: Price Tangible Book.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map
  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.