NYSEFinancialsInformation Technology ServicesSnapshot 2026-07-07
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Track FIS free→FIS grows revenue about 30% in 2026. Earnings per share rise 8-10%. Free cash flow hits $2.1 billion. The company pays steady dividends and cuts debt.
FIS faces management changes and guidance cuts. Debt is high after acquisitions. Growth may slow below targets.
The price is about 37% below our fair value near $68. Analysts expect 17% revenue growth. We see stronger growth but recent guidance cuts pressure confidence.
Breaks if: Gross leverage remains above 3.5x after 18 months
Accelerate debt reduction to achieve a target gross leverage ratio of 2.8x within 18 months post-acquisition.
Stated as a priority in 3 of last 5 quarters. Debt outstanding rose from $13.1 billion in 2025-Q4 to $21.1 billion in 2026-Q1 due to acquisition and debt issuance. Management has paused share repurchases and tuck-in M&A to accelerate deleveraging, targeting a gross leverage ratio of 2.8x within 18 months. The trajectory shows active focus on deleveraging consistent with stated plans.
Breaks if: Dividend per share growth falls below 4% in FY26
Continue paying quarterly dividends with a target to grow dividend per share in line with Adjusted EPS growth.
Stated as a priority in 5 of last 5 quarters. Dividend per share increased from $0.40 in 2025-Q1 to $0.44 in 2026-Q1. Management consistently targets dividend growth in line with Adjusted EPS growth, maintaining steady dividend increases aligned with earnings performance. The trajectory shows delivering dividend growth consistent with stated commitment.
Breaks if: Adjusted EPS falls below $5.75 in FY26
Maintain earnings growth with a target of 8-10% adjusted EPS increase for full-year 2026, reflecting operational execution and margin expansion.
Stated as a priority in 5 of last 5 quarters. Adjusted EPS increased from $1.21 in 2025-Q1 to $1.36 in 2026-Q1, with full-year 2026 guidance projecting 8-10% growth to $6.22-$6.32. Management consistently reiterates this target, and the trajectory shows delivering earnings growth aligned with the stated goal.
Breaks if: Free cash flow falls below $1.5 billion in FY26
Focus on cash generation with a target free cash flow range of $2.05 to $2.15 billion for full-year 2026 to support capital allocation and deleveraging.
Stated as a priority in 5 of last 5 quarters. Free Cash Flow increased 111% to $474 million in 2026-Q1 from $224 million in 2025-Q1. The company reiterates a full-year 2026 Free Cash Flow target of $2.05 to $2.15 billion, reflecting strong cash generation supporting capital allocation and deleveraging. The trajectory shows delivering improved cash flow consistent with management's stated target.
Breaks if: Adjusted revenue growth falls below 17% in FY26
Continue strong revenue growth driven by acquisitions and recurring revenue, targeting 30-31% adjusted revenue growth for full-year 2026.
Stated as a priority in 5 of last 5 quarters. Revenue grew from $2.53 billion in 2025-Q1 to $3.3 billion in 2026-Q1. The company reiterates a full-year 2026 adjusted revenue growth target of 30-31%, reflecting strong growth driven by acquisitions and recurring revenue. The trajectory is delivering consistent growth aligned with management's stated outlook.
Standing thesis, reviewed periodically — not a price target or 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.
“Temporarily paused share repurchases and tuck-in M&A to accelerate deleveraging; target gross leverage of 2.8x”
“Expect to temporarily pause share repurchases and tuck-in M&A to accelerate deleveraging to target gross leverage of 2.8x”
“Following acquisition, expect pro forma gross leverage of 3.4x, deleveraging to 2.8x within 18 months”
“Will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth”
“Will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth”
“Will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth”
“Will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth”
“Will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth”
“Reiterates full-year 2026 outlook, projecting Adjusted EPS growth of 8-10%”
“Introduces 2026 outlook, projecting Adjusted EPS growth of 8-10%”
“Raises full-year 2025 outlook for Adjusted EPS growth to 10-11%, introducing 2026 outlook projecting 8-10%”
“Raises full-year 2025 outlook for Adjusted EPS growth to 10-11%, introducing 2026 outlook projecting 8-10%”
“Reiterates full-year 2025 outlook for Adjusted EPS growth of 9-11%, introducing 2026 outlook projecting 8-10%”
“Reiterates full-year 2026 outlook, targeting Free Cash Flow of $2.05 - $2.15 billion”
“Introduces 2026 outlook, targeting Free Cash Flow of $2.05 - $2.15 billion”
“Raises full-year 2025 outlook, introducing 2026 outlook targeting Free Cash Flow of $2.05 - $2.15 billion”
“Raises full-year 2025 outlook, introducing 2026 outlook targeting Free Cash Flow of $2.05 - $2.15 billion”
“Reiterates full-year 2025 outlook, introducing 2026 outlook targeting Free Cash Flow of $2.05 - $2.15 billion”
“Reiterates full-year 2026 outlook, projecting Adjusted revenue growth of 30-31%”
“Introduces 2026 outlook, projecting Adjusted revenue growth of 30-31%”
“Raises full-year 2025 outlook for revenue growth to 5.4% to 5.7%, introducing 2026 outlook projecting 30-31%”
“Raises full-year 2025 outlook for revenue growth to 4.8 to 5.3%, introducing 2026 outlook projecting 30-31%”
“Reiterates full-year 2025 outlook including accelerated revenue growth of 4.6 to 5.2%, introducing 2026 outlook projecting 30-31%”
