Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Fidelity National Information Services (FIS)
NYSEFinancialsInformation Technology ServicesSnapshot 2026-11-04
$29.76-23.67%
Close 2026-11-04 · 1-day change
NYSEFinancialsInformation Technology ServicesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
6.70 → 6.65 EPS · FY ending Dec 31, 2027 · 19 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 19 to 19; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for FIS yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
5 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Reduce gross leverage to 2.8x within 18 months post-acquisition | A supporting condition in Fidelity National Information Services's published investment case. The stated target is gross leverage ratio 2.8x. | Intact | Gross leverage remains above 3.5x after 18 months | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
FIS is a financial technology business with a growth-and-execution thesis, rather than a clear turnaround case. Its long-term thesis is on watch: management reports progress against 2026 targets, while recent performance remains below its industry cohort.
The valuation evidence describes FIS as cheap versus peers, with an expectations gap of -0.44 and a justified priced-in tag. The evidence also says fragility is low, so the market setup is not described as relying on a full combination of expensive valuation, weak execution, and turbulence.
Near term, management is on track with its 2026 adjusted revenue growth, adjusted EPS growth, and free cash flow targets; Q2 adjusted EPS and free cash flow increased year over year. Two recent earnings events were positive, but the evidence notes a history of deep and repeated misses, and risk has risen from moderate to elevated.
The near-term thesis hinges on maintaining guidance, since a cut on the next call is flagged as a meaningful negative. Rate changes and sector results also matter: rate cuts are identified as a risk, while continued earnings strength and higher guidance from sector peers could support sector momentum. Over the multi-year view, the key test is whether FIS sustains target delivery and improves relative performance.
For the next 1 to 3 years, FIS combines a cheap-versus-peers valuation with stated growth and cash flow progress, but elevated risk and weaker industry-relative performance leave execution as the main test. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 2 of 8 supplied quarters. Management reported: “The Company expects to resume meaningful share repurchases once it has achieved its target gross leverage of approximately 2.8x.” “The Company expects to resume its existing capital allocation priorities once it has achieved its target gross leverage of 2.8x.”
Grow dividend per share in line with adjusted EPS growth | Earnings per share rise 8-10%. | Intact | Dividend per share growth falls below 4% in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 8 supplied quarters. Management reported: “The Company will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth.” “Capital Allocation The Company will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth.” Delivery assessment Nov 2, 2026 |
Achieve adjusted EPS growth of 8-10% in 2026 | A primary condition in Fidelity National Information Services's published investment case. The stated target is EPS $6.22-$6.32. | Under Pressure | Adjusted EPS falls below $5.75 in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Generate free cash flow of $2.05-$2.15 billion in 2026 | Free cash flow hits $2.1 billion. | Intact | Free cash flow falls below $1.5 billion in FY26 | Free cash flow: $238M FY2026-Q2; GAAP. Published target: $2.05-$2.15 billion. Annual target cannot be compared with a quarterly or TTM observation. Aug 4, 2026238,000,000 USD · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 8 supplied quarters. Management reported: “Additionally, the Company is increasing its target for Free Cash Flow 1 by $100 million to $2.15 - $2.25 billion, or growth of 33 - 39% as compared to the prior year.” “Additionally, the Company is reiterating its target for Free Cash Flow 1 of $2.05 - $2.15 billion, or growth of 27-33% as compared to the prior year.” Operating cash flow was $713.000 million in 2026-Q1. Delivery assessment Nov 2, 2026 |
Achieve adjusted revenue growth of 30-31% in 2026 | A primary condition in Fidelity National Information Services's published investment case. The stated target is 30-31% YoY growth. | Under Pressure | Adjusted revenue growth falls below 17% in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$6.85 → $6.65 · observed estimates
$14.43B → $14.24B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $6.85 | $14,426,260,953 | 16 / 18 |
| 2026-07-25 | $6.85 | $14,437,600,750 | 27 / 24 |
| 2026-07-26 | $6.85 | $14,437,600,750 | 27 / 24 |
| 2026-07-27 | $6.85 | $14,419,814,001 | 16 / 18 |
| 2026-07-28 | $6.85 | $14,419,814,001 | 16 / 18 |
| 2026-07-29 | $6.85 | $14,436,809,080 | 27 / 24 |
| 2026-07-30 | $6.85 | $14,419,814,001 | 16 / 19 |
| 2026-07-31 | $6.85 | $14,436,799,980 | 27 / 24 |
| 2026-08-01 | $6.85 | $14,419,814,001 | 16 / 19 |
| 2026-08-02 | $6.85 | $14,419,814,001 | 16 / 19 |
| 2026-08-03 | $6.85 | $14,419,814,001 | 16 / 19 |
| 2026-08-04 | $6.85 | $14,436,799,980 | 27 / 24 |
| 2026-08-05 | $6.85 | $14,436,799,980 | 27 / 24 |
| 2026-08-06 | $6.85 | $14,436,799,980 | 27 / 24 |
| 2026-08-07 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-08 | $6.71 | $14,283,826,250 | 27 / 23 |
| 2026-08-09 | $6.71 | $14,283,826,250 | 27 / 23 |
| 2026-08-10 | $6.71 | $14,283,826,250 | 27 / 23 |
| 2026-08-11 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-12 | $6.70 | $14,269,094,040 | 28 / 24 |
| 2026-08-13 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-14 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-15 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-16 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-17 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-18 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-19 | $6.73 | $14,259,873,421 | 16 / 18 |
| 2026-08-20 | $6.71 | $14,266,055,910 | 17 / 19 |
| 2026-08-21 | $6.70 | $14,260,014,243 | 17 / 19 |
| 2026-08-22 | $6.70 | $14,260,042,264 | 17 / 19 |
| 2026-08-23 | $6.70 | $14,260,042,264 | 17 / 19 |
| 2026-08-24 | $6.70 | $14,260,042,264 | 17 / 19 |
| 2026-08-25 | $6.70 | $14,260,042,264 | 17 / 19 |
| 2026-08-26 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-08-27 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-08-28 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-08-29 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-08-30 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-08-31 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-01 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-02 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-03 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-04 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-05 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-06 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-07 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-08 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-09 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-10 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-11 | $6.70 | $14,259,372,327 | 17 / 19 |
| 2026-09-12 | $6.70 | $14,259,837,434 | 18 / 20 |
| 2026-09-13 | $6.70 | $14,259,837,434 | 18 / 20 |
| 2026-09-14 | $6.70 | $14,259,837,434 | 18 / 20 |
| 2026-09-15 | $6.70 | $14,259,837,434 | 18 / 20 |
| 2026-09-16 | $6.70 | $14,259,837,434 | 18 / 20 |
| 2026-09-17 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-18 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-19 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-20 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-21 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-22 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-23 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-24 | $6.70 | $14,259,837,434 | 19 / 21 |
| 2026-09-25 | $6.70 | $14,260,277,434 | 19 / 20 |
| 2026-09-26 | $6.70 | $14,260,277,434 | 19 / 21 |
| 2026-09-27 | $6.70 | $14,260,277,434 | 19 / 21 |
| 2026-09-28 | $6.70 | $14,260,277,434 | 19 / 21 |
| 2026-09-29 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-09-30 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-01 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-02 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-03 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-04 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-05 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-06 | $6.70 | $14,258,357,434 | 19 / 21 |
| 2026-10-07 | $6.69 | $14,258,357,434 | 18 / 20 |
| 2026-10-08 | $6.69 | $14,258,357,434 | 18 / 20 |
| 2026-10-09 | $6.68 | $14,258,357,434 | 18 / 20 |
| 2026-10-10 | $6.68 | $14,258,357,434 | 18 / 20 |
| 2026-10-11 | $6.68 | $14,258,357,434 | 18 / 20 |
| 2026-10-12 | $6.68 | $14,258,357,434 | 18 / 20 |
| 2026-10-13 | $6.68 | $14,258,357,434 | 18 / 20 |
| 2026-10-14 | $6.67 | $14,256,177,350 | 18 / 20 |
| 2026-10-15 | $6.67 | $14,256,177,350 | 18 / 20 |
| 2026-10-16 | $6.67 | $14,257,554,047 | 18 / 20 |
| 2026-10-17 | $6.67 | $14,257,554,047 | 18 / 20 |
| 2026-10-18 | $6.66 | $14,255,428,436 | 19 / 21 |
| 2026-10-19 | $6.66 | $14,255,428,436 | 19 / 21 |
| 2026-10-20 | $6.66 | $14,255,428,436 | 19 / 21 |
| 2026-10-21 | $6.66 | $14,253,421,497 | 19 / 21 |
| 2026-10-22 | $6.66 | $14,253,421,497 | 19 / 21 |
| 2026-10-23 | $6.65 | $14,248,652,266 | 19 / 21 |
| 2026-10-24 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-25 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-26 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-27 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-28 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-29 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-30 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-10-31 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-11-01 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-11-02 | $6.65 | $14,243,830,385 | 19 / 21 |
| 2026-11-03 | $6.65 | $14,243,843,162 | 19 / 21 |
| 2026-11-04 | $6.65 | $14,243,843,162 | 19 / 21 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 14 Buy / Strong Buy · 15 Hold · 1 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 7 recorded
0 raises · 5 cuts · 0 unchanged · 2 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings5 of 5 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.