FIS · 10-Q · 2026Q2 · Full report

Operating Expense Trends

Fidelity National Information Services, Inc. · 2026-08-04 · Importance 40 · Surprise 42 · In source text

Selling, general and administrative expense increased by $112 million in the second quarter of 2026 and by $159 million for the six-month period compared with 2025. The increase was primarily attributable to expenses from the Issuer Solutions Business acquired on January 9, 2026, partially offset by continued cost management. Six-month asset impairment expense increased by $102 million to approximately $104 million, primarily from software impairment charges following a strategic realignment. Corporate and Other Adjusted EBITDA declined by $82 million for the six-month period because of non-strategic business run-off and higher personnel-related expenses.

Key facts

• The Company continues to evaluate its organizational structure and expects to incur additional severance costs in the second half of 2026. source
• Asset impairments for the six months ended June 30, 2026 were $104 million and were primarily related to software impairment charges. source
• Depreciation and amortization (including purchase accounting amortization) for six months ended June 30, 2026: $1,294 million (company-level depreciation and amortization amount shown). source
• Selling, general and administrative expenses for the three months ended June 30, 2026 were $684 million compared to $572 million for the three months ended June 30, 2025. source
• There were no impairment charges related to deferred contract cost assets during the three months ended June 30, 2026. source
• There were $0 million of impairment charges related to deferred contract cost assets during the three months ended June 30, 2025. source
• There were $0 million of impairment charges related to deferred contract cost assets during the six months ended June 30, 2025. source
• There were $0 million of contingent contract cost impairment during the three months ended June 30, 2026 (explicit 'no' stated for three months). source

Impact estimates