FIS · 10-Q · 2026Q2 · Full report
Acquisition / Partnership / Divestiture
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 71 · Surprise 60 · Contradicted
On January 9, 2026, FIS acquired Global Payments’ Issuer Solutions Business, rebranded FIS Total Issuing™ Solutions, for total consideration of $13.473 billion, including $7.695 billion in cash and a $5.762 billion Worldpay interest. FIS funded the cash consideration with approximately $7.7 billion of new debt and exchanged its remaining Worldpay minority interest, while Global Payments’ purchase price for Worldpay was based on a $24.25 billion enterprise valuation and the Issuer Solutions valuation was based on $13.5 billion. FIS recorded a preliminary $2.2 billion pre-tax gain on the sale of its Worldpay interest and classified the acquired business within Banking Solutions. The acquisition added $6.997 billion of goodwill, $3.615 billion of intangible assets and $2.282 billion of software to the balance sheet, and the parties entered transition-services agreements lasting up to 24 months.
Key facts
- On January 9, 2026, FIS completed acquisition of the Issuer Solutions Business from Global Payments and sale of all of its equity interests in Worldpay pursuant to the Transaction Agreement source
- Goodwill as of June 30, 2026: $25,026 million; Goodwill as of December 31, 2025: $17,762 million source
- Goodwill balance change from December 31, 2025 $17,762 million to June 30, 2026 $25,026 million included goodwill attributable to acquisitions of $7,186 million source
- As a result of the 2026 Worldpay Minority Interest Sale, FIS recorded an estimated pre-tax gain of $2.2 billion in the first quarter of 2026. source
- On April 17, 2025, FIS entered into definitive agreements to buy the Issuer Solutions business from Global Payments Inc. and to sell its remaining equity interest in Worldpay to Global Payments; the transaction closed on January 9, 2026. source
- FIS recorded provisional total purchase price for the Issuer Solutions Acquisition of $13,473 million, consisting of Cash Consideration $7,695 million and 2026 Worldpay Minority Interest Sale $5,762 million source
- Preliminary purchase price allocation for Issuer Solutions as of June 30, 2026 included Goodwill $6,997 million, Intangible assets $3,615 million, and Software $2,282 million source
- FIS acquired the Issuer Solutions Business in exchange for FIS' minority interest in Worldpay and approximately $7.7 billion in cash source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +65.2% | As a result of the 2026 Worldpay Minority Interest Sale, FIS recorded an estimated pre-tax gain of $2.2 billion in the first quarter of… |
| net_income | positive | realized | +65.2% | FIS completed the 2026 Worldpay Minority Interest Sale for a pre-tax amount of $5.8 billion, net of transaction fees and other costs |
| cash | negative | realized | -17.4% | FIS recorded provisional total purchase price for the Issuer Solutions Acquisition of $13,473 million, consisting of Cash Consideration… |
| assets | positive | realized | +16.7% | Preliminary purchase price allocation for Issuer Solutions as of June 30, 2026 included Goodwill $6,997 million, Intangible assets $3,615… |
| assets | positive | realized | +16.5% | Goodwill as of June 30, 2026: $25,026 million; Goodwill as of December 31, 2025: $17,762 million |
| assets | negative | realized | -13.1% | FIS acquired the Issuer Solutions Business in exchange for FIS' minority interest in Worldpay and approximately $7.7 billion in cash |
| assets | positive | realized | +8.2% | Preliminary purchase price allocation for Issuer Solutions as of June 30, 2026 included Goodwill $6,997 million, Intangible assets $3,615… |
| assets | positive | realized | +5.2% | Preliminary purchase price allocation for Issuer Solutions as of June 30, 2026 included Goodwill $6,997 million, Intangible assets $3,615… |
| operating_income | negative | committed | — | FIS entered into a Global Payments TSA and rTSA effective upon closing, with the agreement extending for up to 24 months from the… |
| assets | positive | realized | — | During the first six months of 2026, the Company completed acquisition of two additional businesses for aggregate consideration of… |
| liability | negative | realized | — | During the first six months of 2026, the Company completed acquisition of two additional businesses for aggregate consideration of… |
| cash | negative | realized | — | During the first six months of 2026, the Company completed acquisition of two additional businesses for aggregate consideration of… |