DealsMay 8, 2026, 04:23 PM
Fidelity National Information Services Completes Issuer Solutions Acquisition
AI Summary
Fidelity National Information Services (FIS) completed the acquisition of the Issuer Solutions Business from Global Payments on January 9, 2026, for a total purchase price of $13.473 billion, funded by its minority interest in Worldpay and $7.7 billion in cash. Concurrently, FIS sold its remaining 45% equity interest in Worldpay, recording an estimated pre-tax gain of $2.2 billion. For Q1 2026, FIS reported a significant increase in net earnings to $2.366 billion and revenue of $3.295 billion, driven by the strategic transactions and strong operational performance.
Key Highlights
- Completed Issuer Solutions Business acquisition from Global Payments for $13.473 billion.
- Sold remaining 45% equity interest in Worldpay, recording an estimated $2.2 billion pre-tax gain.
- Q1 2026 revenue increased 30.1% to $3.295 billion from $2.532 billion in Q1 2025.
- Q1 2026 net earnings attributable to FIS surged to $2.366 billion from $77 million in Q1 2025.
- Operating income for Q1 2026 rose 21.9% to $423 million compared to $347 million in Q1 2025.
- Net cash provided by operating activities was $713 million in Q1 2026, up from $457 million.
- Banking Solutions segment revenue was $2.374 billion in Q1 2026.
- Capital Market Solutions segment revenue was $823 million in Q1 2026.
Price Impact
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