Welcome to our dedicated page for Fidelity National Information Services news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.
Fidelity National Information Services, Inc. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
FIS reported strong Q4 and full-year 2021 results, with revenue growing by 11% to $3.7 billion and GAAP Diluted EPS at $0.47. Adjusted EPS increased by 19% to $1.92. For the full year, revenue reached $13.9 billion, and Adjusted EPS rose by 20% to $6.55. The acquisition of Payrix aims to enhance eCommerce offerings, particularly for SMBs. The company also announced guidance for Q1 and full-year 2022, targeting revenue of $3.42-$3.45 billion and Adjusted EPS of $7.25-$7.37. Increased liquidity and planned dividend growth were also highlighted.
FIS has acquired Payrix, a fintech firm specializing in embedded payments, to enhance its e-commerce offerings for small- and medium-sized businesses (SMBs). Founded in 2015, Payrix's expertise in automated underwriting and onboarding will be combined with FIS's global payment capabilities to facilitate market expansion and improve financial services. While the terms of the deal remain undisclosed, FIS anticipates no material impact on its upcoming financial results.
FIS has partnered with SumUp to provide global acquiring services using Worldpay's merchant solutions. This collaboration supports SumUp's growth in over 30 markets, catering to more than 3.5 million merchants. Worldpay from FIS will enhance SumUp’s services with features like authorization, clearing, settlement, and data insights. Jim Johnson from FIS highlighted the importance of local consumer behavior understanding for successful market entry. The partnership aims to deliver seamless payment experiences as digital payment technology adoption accelerates worldwide.
FIS announced the promotion of Stephanie Ferris to the position of company President, effective February 8. Joining FIS through the 2019 acquisition of Worldpay, Ferris previously held the role of Chief Administrative Officer and has over 27 years of experience in financial services. Her leadership is expected to accelerate growth and enhance FIS's strategic direction in payment and banking solutions. FIS is renowned for its technology solutions for merchants, banks, and capital markets globally, ranking #241 on Fortune 500.
Worldpay from FIS has partnered with Crypto.com, enhancing their blockchain efforts as a validator for the Crypto.org Chain. The collaboration aims to support Crypto.com’s global expansion by leveraging Worldpay's payment gateway and merchant acquiring services. Worldpay, an established Card-to-Crypto processor, will facilitate card-based transactions for cryptocurrencies, enriching its existing services which cater to four of the top five exchanges. With over 10 million users, Crypto.com aims to broaden cryptocurrency accessibility, reflecting the market's rapid growth.
FIS has announced a 21% increase in its quarterly dividend to
FIS, a leader in financial services technology, will release its fourth quarter and full year 2021 financial results on Feb. 15, 2022, before market open. A live webcast of the earnings conference call will take place at 8:30 a.m. EST. Access will be available through the Investor Relations section of FIS’ website, where a replay will also be provided post-webcast. FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500, reflecting its significant role in the financial technology sector.
FIS announced its recognition as the Post-Trade System of the Year at the
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