FIS · Earnings call · 2026Q2T · Full report
2026 Revenue Growth Outlook
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 51 · Surprise 60 · In source text
FIS reduced its 2026 adjusted revenue growth outlook to 4.5%–5.0% from 5.1%–5.7%. Capital Markets revenue growth was lowered to 3.0%–3.5%, a 225-basis-point reduction from the prior 5.5% outlook, including a 120-basis-point impact from lower professional services and the balance from slower recurring growth. The segment’s first-half performance was affected by approximately one percentage point of revenue growth headwind from UBS’s acquisition of Credit Suisse, weaker lending volumes under interest-rate pressure and delayed backlog conversion. Management expects mid-single-digit recurring growth in 2026, modest reacceleration in the fourth quarter and modest acceleration in 2027, while license and professional-services revenue is expected to be flat to down next year.
Key facts
- Reduced full year company adjusted revenue growth outlook to 4.5% to 5% (previously 5.1% to 5.7%)
- Reduced Capital Markets full year revenue growth outlook to 3% to 3.5%, a 225 basis point reduction versus prior outlook
- Third quarter pro forma revenue growth projected at 2.9% to 3.7%
- Third quarter Banking pro forma growth outlook: 3% to 4% with around 100 basis points less M&A contribution compared to Q2
- Third quarter Capital Markets projected growth: 2.5% to 3% with M&A contributing 105 basis points
- Adjusted EPS full year growth expected: 7% to 8.5%
- Management said about 2027: "we're not counting on a rebound on the lending business, those businesses that were impacted by the volatility of interest rates."
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | committed | — | Reduced full year company adjusted revenue growth outlook to 4.5% to 5% (previously 5.1% to 5.7%) |
| revenue | negative | committed | — | Reduced Capital Markets full year revenue growth outlook to 3% to 3.5%, a 225 basis point reduction versus prior outlook |
| revenue | positive | committed | — | Third quarter pro forma revenue growth projected at 2.9% to 3.7% |
| revenue | positive | committed | — | Third quarter Banking pro forma growth outlook: 3% to 4% with around 100 basis points less M&A contribution compared to Q2 |
| revenue | positive | committed | — | Third quarter Capital Markets projected growth: 2.5% to 3% with M&A contributing 105 basis points |
| net_income | positive | committed | — | Adjusted EPS full year growth expected: 7% to 8.5% |