FIS · 10-Q · 2026Q3 · Full report

Segment Profitability

Fidelity National Information Services, Inc. · 2026-11-04 · Importance 37 · Surprise 32

Banking Adjusted EBITDA margin increased to 47.4% in the third quarter from 46.2% a year earlier and to 45.7% for the first nine months from 43.7%, reflecting Issuer Solutions, favorable revenue mix and cost management. Capital Markets Adjusted EBITDA margin rose to 54.0% in the quarter from 52.2% and to 52.5% for the nine months from 51.4%, supported by operating leverage, favorable mix and cost management. Corporate and Other Adjusted EBITDA declined $51 million to a loss of $169 million in the quarter and $133 million to a loss of $475 million for the nine months, reflecting lower revenue from non-strategic businesses and, for the nine months, higher personnel-related expenses.

Key facts

• FIS recorded $2,214 million of equity method investment earnings, net of tax, for the nine months ended September 30, 2026. source
• FIS’s Banking adjusted EBITDA increased year over year excluding Issuer Solutions, primarily from revenue growth, favorable revenue mix, and continued cost management. source
• FIS’s Banking adjusted EBITDA margin increased year over year, reflecting the accretive impact of Issuer Solutions, favorable revenue mix, and cost management. source
• FIS’s Capital Markets adjusted EBITDA margin increased year over year in the three months ended September 30, 2026, primarily due to operating leverage, favorable revenue mix, and continued cost management. source
• FIS’s Corporate and Other adjusted EBITDA decreased compared with the prior year, primarily because revenue from non-strategic businesses declined. source
• FIS’s Corporate and Other adjusted EBITDA decreased compared with the prior year due to declining non-strategic-business revenue and higher personnel-related expenses. source