FIS Q1 Results Strong as Revenue Rises 30% and Free Cash Flow Doubles | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
On Friday, financial technology group FIS has reported a robust start to 2026, with first-quarter revenue rising 30% year-on-year to $3.3 billion and free cash flow more than doubling to $474 million, as the company reiterated its full-year outlook.
Adjusted earnings per share increased 12% to $1.36, whilst adjusted EBITDA grew 36% to approximately $1.3 billion, with margins expanding 176 basis points to 39.6%.
On a GAAP basis, diluted EPS reached $4.58, reflecting an estimated post-tax gain of $2.2 billion from the sale of Worldpay.
Banking Solutions was the standout segment, with revenue rising 45% to $2.4 billion and adjusted EBITDA margins expanding by 299 basis points to 43.7%, buoyed by the acquisition of the high-margin Total Issuing Solutions business.
Capital Markets Solutions posted more modest growth, with revenue up 5% to $823 million and EBITDA margins improving 162 basis points to 51.6%.
Chief Executive Stephanie Ferris said the results reflected disciplined execution, driving margin expansion and robust cash generation, adding that banks were investing and that innovation redefining financial services “runs through FIS.”
The company has temporarily paused share buybacks and bolt-on acquisitions to focus on reducing leverage to its target ratio of 2.8 times.
For the full year, FIS projects adjusted revenue growth of 30-31%, adjusted EBITDA growth of 34-35%, and free cash flow of between $2.05 billion and $2.15 billion.
