FIS · 8-K · 20260804PR000046
Acquisition and Deleveraging
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 96 · Surprise 100 · No source text
FIS completed the acquisition of the Issuer Solutions Business from Global Payments, which was rebranded as FIS Total Issuing Solutions and included in Banking Solutions. Six-month cash used for acquisitions, net of cash acquired, was $7.859 billion, compared with $197 million in the prior-year period. Management said the high-margin acquisition contributed to Banking Solutions’ 44% GAAP revenue growth and 50% adjusted EBITDA growth in the quarter. Following the transaction, FIS curtailed share repurchases and paused tuck-in M&A activity to accelerate deleveraging, with meaningful repurchases expected to resume after gross leverage reaches approximately 2.8 times.
Key facts
- Following the close of the Total Issuing Solutions business, the Company has temporarily curtailed share repurchases and paused tuck-in M&A activity to accelerate deleveraging. source
- Goodwill as of June 30, 2026 was $25,026 million versus $17,762 million at December 31, 2025. source
- Intangible assets, net as of June 30, 2026 were $4,314 million versus $959 million at December 31, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +21.0% | Goodwill as of June 30, 2026 was $25,026 million versus $17,762 million at December 31, 2025. |
| assets | positive | realized | +7.6% | Intangible assets, net as of June 30, 2026 were $4,314 million versus $959 million at December 31, 2025. |
| cash | positive | committed | — | Following the close of the Total Issuing Solutions business, the Company has temporarily curtailed share repurchases and paused tuck-in… |