FIS · Earnings call · 2026Q2T · Full report
Interest Rate Environment
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 40 · Surprise 42 · In source text
First-quarter interest-rate pressures weighed on Capital Markets lending volumes and caused the company to reduce its expected lending contribution to segment organic growth. Management said lending would create a modest drag on recurring revenue growth in 2026 rather than the previously expected one percentage point of growth. For 2027, FIS is not assuming any recovery in lending because interest rates remain “stuck” at current levels. The company expects Capital Markets recurring growth to improve through conversion and lower attrition, without relying on lending upside.
Key facts
- Entered 2026 expecting the lending business to drive one point of organic growth for Capital Markets; first quarter interest rate pressures weighed on lending volumes and growth is now expected to be tempered
- Management does not expect lending improvement from current interest rate levels and would not ascribe upside to lending in 2027
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | probable | — | Entered 2026 expecting the lending business to drive one point of organic growth for Capital Markets; first quarter interest rate… |
| revenue | negative | probable | — | Management does not expect lending improvement from current interest rate levels and would not ascribe upside to lending in 2027 |