FIS Stock Sinks About 24% After the Fintech Lowers Its 2026 Outlook
FIS shares fell about 24% on Wednesday after the financial technology company cut its 2026 forecast and now sees adjusted EPS growth of 1.2% to 2.4%.
Shares of Fidelity National Information Services (FIS) fell about 24% on Wednesday, November 4, after the financial technology company lowered its full-year 2026 outlook alongside its third-quarter results and said its chief financial officer is stepping down.
How far the stock fell
FIS was down 24.7% at 12:26 p.m. ET, according to TheStreet, and down 24.16% at 1:02 p.m. ET, according to Stock Titan. The drop came on a day when the broader market rallied. These are intraday moves, and the closing price may differ.
The new 2026 outlook
FIS now expects for 2026:
Measure | Updated 2026 outlook |
|---|---|
Revenue | $13.445 billion to $13.505 billion |
Adjusted revenue growth | 28% to 29% |
Adjusted EPS | $5.82 to $5.89 |
Adjusted EPS growth | 1.2% to 2.4% |
Free cash flow | $2.15 billion to $2.25 billion |
FIS also gives a pro forma view, and on that basis it expects 2026 revenue growth of 3.1% to 3.6%. The much smaller pro forma rate is worth noting when comparing the headline growth figures.
Third-quarter numbers
Q3 | 2026 | 2025 |
|---|---|---|
Revenue (GAAP) | $3.454 billion | $2.717 billion |
Diluted EPS (GAAP) | $0.69 | $0.50 |
Adjusted EPS | $1.61 | $1.51 |
Adjusted EBITDA margin | 42.9% | 41.8% |
Banking Solutions revenue rose 41% to about $2.5 billion, and Capital Market Solutions revenue rose 3% to $823 million. Pro forma revenue grew 3.7%.
The company also said it has temporarily curtailed share buybacks and paused small acquisitions to pay down debt faster. It had $20.8 billion of debt outstanding at September 30.
“Client demand remains strong, and we are continuing to invest in what our clients care about most, security and innovation,” CEO Stephanie Ferris said in the release.
CFO change
Chief Financial Officer James Kehoe will step down effective November 5, according to TheStreet, and BigGo Finance’s earnings-call coverage also reported his departure. Both outlets said Chief Accounting Officer Alexandra (Alex) Brooks will serve as interim CFO. BigGo reported that the board has started a search for a permanent CFO.
What it means for investors
A big drop after earnings usually reflects the outlook more than the past quarter. Here, quarterly revenue and adjusted EPS grew, but the lower forecast and the CFO change came on the same day. Learn more in our guides on how to read an earnings report and how to read a stock quote.
This article is for information only and is not investment advice.
Sources
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.