FIS · Earnings call · 2026Q2T · Full report
One-Time Cash Expense Reduction
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 46 · Surprise 42 · In source text
FIS reduced its 2026 non-GAAP cash-expense forecast by $70 million to a midpoint of $730 million. Legacy FIS non-GAAP cash expenses are now expected to be 17% below the original outlook. Management attributed the reduction to disciplined cost management and faster-than-expected elimination of one-time integration and transformation expenses. Further reductions in one-time cash expenses are expected to support free cash flow above $3 billion in 2028.
Key facts
- One-time cash expenses being rationalized: reducing cash costs by $70 million to $730 million at the midpoint and legacy FIS non-GAAP cash expenses reduced by 17% versus original guide
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | One-time cash expenses being rationalized: reducing cash costs by $70 million to $730 million at the midpoint and legacy FIS non-GAAP cash… |