FIS · 10-Q · 2026Q2 · Full report
Income Tax Rate Changes
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 25 · Surprise 42 · In source text
FIS reported that the effective tax rate increased for the three months ended June 30, 2026 because one-time discrete items in the 2025 comparison period had a disproportionate effect on lower pre-tax earnings. For the six-month period, the effective tax rate increase primarily reflected one-time discrete costs from a recent tax-law development in a foreign jurisdiction. The Worldpay minority-interest sale generated an estimated $44 million tax expense in the first quarter of 2026. Investor-level taxes on equity-method investments are reported within equity-method investment earnings and excluded from FIS's annual effective tax-rate calculation.
Key facts
- Approximately $5.5 billion of the goodwill recognized from the Issuer Solutions Acquisition is expected to be deductible for U.S. federal income tax purposes source
- The increase in the effective tax rate for the six months ended June 30, 2026 is primarily due to one-time discrete costs relating to a recent tax law development in one of FIS' foreign jurisdictions. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | probable | — | Approximately $5.5 billion of the goodwill recognized from the Issuer Solutions Acquisition is expected to be deductible for U.S. federal… |