FIS · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

Fidelity National Information Services, Inc. · 2026-08-04 · Importance 42 · Surprise 14

FIS uses cross-currency interest-rate swaps and foreign-currency-denominated debt to hedge its investments in euro- and pound-sterling-denominated operations. At June 30, 2026, approximately €6.295 billion of cross-currency swap notional was designated as a net-investment hedge, up from €6.045 billion at December 31, 2025, while €1.0 billion of senior euro notes was also designated as a hedge. The company also held approximately €3.375 billion of swaps associated with senior euro notes and additional swaps associated with senior GBP notes to hedge foreign-currency risk. Hedge gains and losses are primarily recorded in accumulated other comprehensive income until the underlying foreign operations are substantially liquidated.

Key facts

• As of June 30, 2026, an aggregate notional amount of €6,295 million was designated as a net investment hedge of the Company's investment in Euro-denominated operations (cross-currency interest rate swaps). source
• An aggregate of €1,000 million of Senior Euro Notes with maturities ranging from 2028 to 2030 was designated as a net investment hedge of the Company's investment in Euro-denominated operations as of June 30, 2026. source
• The Company held fixed-for-fixed cross-currency interest rate swaps with aggregate notional amounts of approximately €3,375 million associated with its Senior Euro Notes and £0 million associated with its Senior GBP Notes at both June 30, 2026, and December 31, 2025. source
• For the six months ended June 30, 2026, foreign currency movements contributed 1% to Capital Markets segment revenue growth, primarily driven by movement of the Pound Sterling and Swedish Krona. source
• During the six months ended June 30, 2026 and 2025, there were no net cash payments or receipts from the settlement of the cross‑currency interest rate swaps. source