FIS Reports First Quarter 2026 Results and Reiterates Full-Year Outlook

FIS Reports First Quarter 2026 Results and Reiterates Full-Year Outlook JACKSONVILLE, Fla.--( BUSINESS WIRE)--FIS ® (NYSE: FIS), a global leader in financial technology, today reported its first quarter 2026 results.

“We delivered a strong start to 2026, with disciplined execution driving margin expansion and robust cash flow generation,” said FIS CEO and President Stephanie Ferris. “The market is strong, banks are investing, and the innovation that is redefining financial services runs through FIS. As evidenced by our recent announcements and partnerships, we are positioning ourselves at the forefront of this new era of modern banking.”

First Quarter 2026 Financial Results

On a GAAP basis, revenue increased 30% as compared to the prior-year period to approximately $3.3 billion. GAAP net earnings attributable to common stockholders were $2.4 billion or $4.58 per diluted share, reflecting an estimated gain of $2.2 billion, net of tax, from the Worldpay Sale.

On an adjusted basis, revenue increased 31% as compared to the prior-year period. Adjusted EBITDA increased 36% to approximately $1.3 billion and Adjusted EBITDA margin expanded by 176 basis points (bps) compared to the prior-year period to 39.6%, reflecting the acquisition of the high margin Total Issuing Solutions™ business, favorable mix and cost savings. Adjusted net earnings were $705 million, and Adjusted EPS increased by 12% as compared to the prior-year period to $1.36 per diluted share.

On a Pro Forma basis, revenue increased 6.5% as compared to the prior-year period, including recurring revenue growth of 4.8%. Pro Forma adjusted EBITDA increased 9.4% and Pro Forma adjusted EBITDA margin expanded by 87 basis points (bps) compared to the prior-year period to 39.6%, reflecting favorable mix and cost savings.

($ millions, except per share data, unaudited)

Three Months Ended March 31,

Adjusted

Pro Forma

2026

2025

Change

Growth

Growth**

Banking Solutions Revenue

2,374

1,633

45%

44%

7.7%

Capital Market Solutions Revenue

823

787

2.9%

Operating Segment Total Revenue

3,197

2,420

32%

31%

6.5%

Corporate and Other Revenue

112

(12)%

Consolidated FIS Revenue

3,295

2,532

30%

Adjusted EBITDA

1,304

958

36%

9.4%

Adjusted EBITDA Margin

39.6

37.8

176 bps

87 bps

Net Earnings (Loss) (GAAP)

2,366

Diluted Earnings (Loss) Per Common Share (GAAP)

4.58

0.15

Adjusted Net Earnings

705

643

10%

Adjusted EPS

1.36

1.21

12%

Free Cash Flow 1

474

224

111%

*Indicates comparison not meaningful

**Pro Forma revenue growth and margins include 8 days of contribution from Total Issuing™ Solutions acquisition

Segment Information

Balance Sheet and Cash Flows

First quarter net cash provided by operating activities was $713 million and Free cash flow 1 was $474 million, up 111% as compared to the prior-year period. The Company returned $262 million of capital to shareholders through $30 million of share repurchases and $232 million of dividends paid. As of March 31, 2026, debt outstanding totaled $21.1 billion.

Capital Allocation

The Company will continue to pay quarterly dividends targeting dividend per share growth in line with Adjusted EPS growth.

Consistent with prior communications, the Company has temporarily paused share repurchases and tuck-in M&A to accelerate deleveraging. The Company expects to resume its existing capital allocation priorities once it has achieved its target gross leverage of 2.8x.

Second Quarter and Full-Year 2026 Outlook

For the full-year, the Company is reiterating its outlook, projecting Adjusted revenue growth of 30-31%, Adjusted EBITDA growth of 34-35% and Adjusted EPS growth of 8-10%. On a Pro Forma basis, revenue and Adjusted EBITDA are projected to grow by 5.1-5.7% and 7.2-8.4% respectively 2. Additionally, the Company is reiterating its target for Free Cash Flow 1 of $2.05 - $2.15 billion, or growth of 27-33% as compared to the prior year.

($ millions, except share data)

2Q 2026

FY 2026

Revenue

$3,375 - $3,395

$13,770 - $13,850

Adjusted EBITDA (Non-GAAP) 2

$1,395 - $1,415

$5,800 - $5,860

Adjusted EPS (Non-GAAP) 2

$1.45 - $1.49

$6.22 - $6.32

1Our 2026 Free Cash Flow outlook is defined as Free cash flow excluding cash transaction taxes on the Worldpay sale.

2The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.

Webcast

FIS will host a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EDT) on Friday, May 8, 2026. To access the webcast, go to the Investor Relations section of FIS’ homepage, www.investor.fisglobal.com. A replay will be available after the conclusion of the live webcast.

About FIS

FIS is a financial technology company providing solutions to financial institutions, businesses and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn, Facebook and X.

FIS Use of Non-GAAP Financial Information

Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, we have provided certain non-GAAP financial measures.

These non-GAAP measures include constant currency revenue, Adjusted revenue growth, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings, Adjusted EPS, Free cash flow and Free cash flow excluding cash transaction taxes on the Worldpay sale.

Due to the financial impact of the acquisition of the Issuer Solutions Business, FIS is also providing additional information to improve the understanding of the Company’s operating performance and has recalculated certain non-GAAP measures of the Company’s historical financial performance on an adjusted combined company basis for the periods shown herein. This information includes Pro forma combined revenue, Pro forma combined revenue growth, Adjusted pro forma combined EBITDA and Adjusted pro forma combined EBITDA margin. The Company has derived certain pro forma measures from the unaudited pro forma condensed combined financial information of FIS and the Issuer Solutions Business and notes thereto prepared in accordance with Article 11 of Regulation S-X for the year ended December 31, 2025, in Exhibit 99.2 to the Company’s Form 8-K/A filed on February 24, 2026.

We believe these non-GAAP measures help investors better understand the underlying fundamentals of our business. As further described below, the non-GAAP revenue and earnings measures presented eliminate items management believes are not indicative of FIS’ operating performance. The constant currency revenue and Adjusted revenue growth measures adjust for the effects of exchange rate fluctuations and exclude discontinued operations, while Adjusted revenue growth also excludes revenue from Corporate and Other, giving investors further insight into our performance. Finally, Free cash flow and Free cash flow excluding cash transaction taxes on the Worldpay sale provide further information about the ability of our business to generate cash. For these reasons, management also uses these non-GAAP measures in its assessment and management of FIS’ performance.

Constant currency revenue represents reported segment revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period.

Adjusted revenue growth reflects the percentage change in constant currency revenue for the current period as compared to the prior period. Constant currency revenue is calculated by applying prior-year period foreign currency exchange rates to current-period revenue. When referring to Adjusted revenue growth, revenue from our Corporate and Other segment is excluded.

Adjusted EBITDA reflects net earnings (loss) before interest, other income (expense), taxes, equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs that do not constitute normal, recurring, cash operating expenses necessary to operate our business. These excluded costs generally include acquisition, integration and certain other costs and asset impairments. Adjusted EBITDA for the respective segments excludes the foregoing items. This measure is reported to the chief operating decision maker, the Company's Chief Executive Officer and President, who utilizes the measure for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with FASB ASC Topic 280, Segment Reporting.

Adjusted EBITDA margin reflects Adjusted EBITDA, as defined above, divided by revenue.

Adjusted net earnings excludes the effect of purchase price amortization, as well as certain costs that do not constitute normal, recurring, cash operating expenses necessary to operate our business. For purposes of calculating Adjusted net earnings, our equity method investment earnings (loss) ("EMI") from Worldpay is also adjusted to exclude certain costs and other transactions in a similar manner.

Adjusted pro forma combined EBITDA reflects net earnings (loss) before interest, other income (expense), taxes, equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs that do not constitute normal, recurring, cash operating expenses for FIS and Total Issuing Solutions™ combined for pre-acquisition periods and assumes the Issuer Solutions acquisition occurred on January 1, 2025, unless otherwise indicated. These excluded costs generally include acquisition, integration and certain other costs and asset impairments.

Adjusted pro forma combined EBITDA margin reflects Adjusted pro forma combined EBITDA, as defined above, divided by Pro forma combined revenue.

Adjusted EPS reflects Adjusted net earnings, as defined above, divided by weighted average diluted shares outstanding.

Free cash flow reflects net cash provided by operating activities from continuing operations, less capital expenditures (additions to property and equipment and additions to software from the statement of cash flows).

Free cash flow excluding cash transaction taxes on the Worldpay sale reflects Free cash flow excluding cash transaction taxes on the Worldpay sale.

Pro forma combined revenue includes reported revenue for FIS and Total Issuing™ Solutions combined for pre-acquisition periods and assumes the Issuer Solutions acquisition occurred on January 1, 2025, unless otherwise indicated.

Pro forma combined revenue growth represents Pro forma combined revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period as compared to the prior period Pro forma combined revenue. When referring to Pro forma combined revenue growth, revenue from our Corporate and Other segment is excluded.

Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. Further, FIS’ non-GAAP measures may be calculated differently from similarly titled measures of other companies. Reconciliations of these non-GAAP measures to related GAAP measures, including footnotes describing the adjustments, are provided in the attached schedules and in the Investor Relations section of the FIS website, www.investor.fisglobal.com.

Forward-Looking Statements

This earnings release and today’s webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the future, or other characterizations of future events or circumstances, are forward-looking statements. Forward-looking statements include statements about anticipated financial outcomes, including any earnings outlook or projections, projected revenue or expense synergies or dis-synergies, business and market conditions, outlook, foreign currency exchange rates, deleveraging plans, expected dividends and share repurchases of the Company, the Company’s sales pipeline and anticipated profitability and growth, plans, strategies and objectives for future operations, strategic value creation, risk profile and investment strategies, any statements regarding future economic conditions or performance and any statements with respect to the future impacts of the recently completed acquisition of the Issuer Solutions Business, which has been rebranded as FIS Total Issuing™ Solutions. These statements may be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “would,” “project,” “continue,” “likely,” and similar expressions, and include statements reflecting future results or outlook, statements of outlook and various accruals and estimates. These statements relate to future events and our future results and involve a number of risks and uncertainties. Forward-looking statements are based on management’s beliefs as well as assumptions made by, and information currently available to, management.

Actual results, performance or achievement could differ materially from these forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include the following, without limitation:

Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, we do not undertake (and expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Fidelity National Information Services, Inc.

Earnings Release Supplemental Financial Information

May 8, 2026

Exhibit A

Condensed Consolidated Statements of Earnings (Loss) - Unaudited for the three months ended March 31, 2026 and 2025

Exhibit B

Condensed Consolidated Balance Sheets - Unaudited as of March 31, 2026, and December 31, 2025

Exhibit C

Condensed Consolidated Statements of Cash Flows - Unaudited for the three months ended March 31, 2026 and 2025

Exhibit D

Supplemental Non-GAAP Adjusted Revenue Growth - Unaudited for the three months ended March 31, 2026 and 2025

Exhibit E

Supplemental Disaggregation of Revenue - Unaudited for the three months ended March 31, 2026 and 2025

Exhibit F

Supplemental Non-GAAP Adjusted Free Cash Flow Measures - Unaudited for the three months ended March 31, 2026 and 2025

Exhibit G

Supplemental GAAP to Non-GAAP Reconciliations - Unaudited for the three months ended March 31, 2026 and 2025

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) – UNAUDITED

(In millions, except per share amounts)

Exhibit A

Three months ended March 31,

2026

2025

Revenue

3,295

2,532

Cost of revenue

2,187

1,653

Gross profit

1,108

879

Selling, general, and administrative expenses

605

558

Asset impairments

104

Other operating (income) expense, net (including related party transactions of $- and $28 million)

(24

)

(28

)

Operating income

423

347

Other income (expense):

Interest expense, net

(197

)

(80

)

Other income (expense), net

(37

)

Total other income (expense), net

(164

)

(117

)

Earnings (loss) before income taxes and equity method investment earnings (loss)

259

230

Provision (benefit) for income taxes

106

Equity method investment earnings (loss), net of tax

2,214

(71

)

Net earnings (loss)

2,367

Net (earnings) loss attributable to noncontrolling interest

)

Net earnings (loss) attributable to FIS

2,366

Net earnings (loss) per share-basic attributable to FIS

4.59

0.15

Weighted average shares outstanding-basic

515

528

Net earnings (loss) per share-diluted attributable to FIS

4.58

0.15

Weighted average shares outstanding-diluted

517

531

Amounts in table may not sum or calculate due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED

(In millions, except per share amounts)

Exhibit B

March 31,

2026

December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents

755

599

Settlement assets

610

515

Trade receivables, net

2,269

1,944

Other receivables

113

432

Receivable from related party

—

Prepaid expenses and other current assets

1,234

959

Total current assets

4,981

4,488

Property and equipment, net

1,113

691

Goodwill

24,585

17,762

Intangible assets, net

4,450

959

Software, net

5,220

2,876

Equity method investment

3,681

Other noncurrent assets

1,831

1,710

Deferred contract costs, net

1,291

1,321

Total assets

43,484

33,488

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable, accrued and other liabilities

2,446

2,097

Settlement payables

676

549

Deferred revenue

1,084

957

Short-term borrowings

4,164

2,729

Current portion of long-term debt

101

1,284

Total current liabilities

8,471

7,616

Long-term debt, excluding current portion

16,791

9,069

Deferred income taxes

327

1,215

Other noncurrent liabilities

1,915

1,686

Total liabilities

27,504

19,586

Equity:

FIS stockholders' equity:

Preferred stock $0.01 par value

—

Common stock $0.01 par value

Additional paid in capital

47,444

47,317

(Accumulated deficit) retained earnings

(20,581

)

(22,718

)

Accumulated other comprehensive earnings (loss)

(628

)

(504

)

Treasury stock, at cost

(10,264

)

(10,202

)

Total FIS stockholders' equity

15,977

13,899

Noncontrolling interest

Total equity

15,980

13,902

Total liabilities and equity

43,484

33,488

Amounts in table may not sum or calculate due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED

(In millions)

Exhibit C

Three months ended March 31,

2026

2025

Cash flows from operating activities:

Net earnings (loss)

2,367

Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:

Depreciation and amortization

628

456

Amortization of debt issuance costs

Asset impairments

104

Loss (gain) on sale of businesses, investments and other

(15

)

Stock-based compensation

Loss (gain) from equity method investment

(2,214

)

Deferred income taxes

)

Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:

Trade and other receivables

)

Receivable from related party

Settlement activity

(10

)

Prepaid expenses and other assets

(140

)

(34

)

Deferred contract costs

(88

)

(71

)

Deferred revenue

Accounts payable, accrued liabilities and other liabilities

(99

)

(219

)

Net cash provided by operating activities

713

457

Cash flows from investing activities:

Additions to property and equipment

(50

)

(37

)

Additions to software

(211

)

(196

)

Cash divested from sale of business

—

(1,417

)

Acquisitions, net of cash acquired

(7,859

)

Coupon payments on interest rate swaps

(23

)

(22

)

Distributions from equity method investments

Other investing activities, net

(60

)

(47

)

Net cash provided by (used in) investing activities

(8,171

)

(1,676

)

Cash flows from financing activities:

Borrowings

35,992

12,488

Repayment of borrowings and other financing arrangements

(27,982

)

(12,029

)

Debt issuance costs

(57

)

—

Net proceeds from stock issued under stock-based compensation plans

—

Treasury stock activity

(67

)

(537

)

Dividends paid

(232

)

(220

)

Other financing activities, net

)

Net cash provided by (used in) financing activities

7,654

(265

)

Net cash provided by (used in) operating activities from discontinued operations (1)

—

303

Effect of foreign currency exchange rate changes on cash

(16

)

Net increase (decrease) in cash, cash equivalents and restricted cash

180

(1,141

)

Cash, cash equivalents and restricted cash, beginning of period

599

1,946

Cash, cash equivalents and restricted cash, end of period

779

805

(1)

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL NON-GAAP ADJUSTED REVENUE GROWTH — UNAUDITED

(In millions)

Exhibit D

Three months ended March 31,

2026

2025

Revenue

Constant

Currency

Revenue

Revenue (1)

Adjusted

Growth (2)

Banking Solutions

2,374

(25

)

2,350

1,633

Capital Market Solutions

823

(12

)

811

787

Operating segment total

3,197

(37

)

3,160

2,420

Corporate and Other

)

112

Consolidated FIS

3,295

(39

)

3,256

2,532

(1)

As a result of the Company's acquisition of the Issuer Solutions Business, the Company reassessed its reportable segments and included the Issuer Solutions Business within the Banking Solutions segment. In connection with this reassessment, the Company also reclassified certain businesses among the Banking Solutions, Capital Market Solutions, and Corporate and Other segments. All prior‑period segment information was recast to conform to the Company's revised reportable segment presentation.

(2)

Adjusted growth excludes Corporate and Other, which includes certain non-strategic businesses.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL DISAGGREGATION OF REVENUE — UNAUDITED

(In millions)

Exhibit E

In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments.

Banking

Solutions

Capital

Market

Solutions

Corporate and Other

Total

Primary Geographical Markets:

North America

1,981

499

2,555

All others

393

324

740

Total

2,374

823

3,295

Type of Revenue:

Recurring revenue:

Transaction processing and services

1,820

416

2,316

Software maintenance

112

166

279

Other recurring

120

Total recurring

2,022

608

2,715

Software license

119

—

209

Professional services

134

230

Other non-recurring

128

141

Total

2,374

823

3,295

For the three months ended March 31, 2025 (1) (in millions):

Banking

Solutions

Capital

Market

Solutions

Corporate and Other

Total

Primary Geographical Markets:

North America

1,413

500

1,988

All others

220

287

544

Total

1,633

787

112

2,532

Type of Revenue:

Recurring revenue:

Transaction processing and services

1,230

401

1,727

Software maintenance

153

243

Other recurring

Total recurring

1,384

578

102

2,064

Software license

108

—

129

Professional services

117

216

Other non-recurring

111

123

Total

1,633

787

112

2,532

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL NON-GAAP CASH FLOW MEASURES — UNAUDITED

(In millions)

Exhibit F

Three Months Ended March 31

2026

2025

Net cash provided by operating activities

713

457

Capital expenditures

(261

)

(233

)

Free cash flow

452

224

Cash transaction taxes on the Worldpay Sale

—

Free cash flow excluding cash transaction taxes on the Worldpay Sale

474

224

Amounts in table may not sum or calculate due to rounding.

Free cash flow reflects net cash provided by operating activities less capital expenditures (additions to property and equipment and additions to software from the statement of cash flows).

Neither Free cash flow nor Free cash flow excluding cash transaction taxes on the Worldpay sale represents our residual cash flows available for discretionary expenditures, as we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from the measure.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit G

Three months ended March 31,

2026

2025

Net earnings (loss) attributable to FIS from continuing operations

2,366

Provision (benefit) for income taxes

106

Interest expense, net

197

Equity method investment (earnings) loss, net of tax

(2,214

)

Other, net

(32

)

Operating income (loss), as reported

423

347

Depreciation and amortization, excluding purchase accounting amortization

339

287

Non-GAAP adjustments:

Purchase accounting amortization (1)

290

169

Acquisition, integration and other costs (2)

148

153

Asset impairments (3)

104

Adjusted EBITDA from continuing operations

1,304

958

Net earnings (loss) attributable to FIS from discontinued operations

—

Interest expense, net

—

)

Other, net

—

)

Operating income (loss)

—

)

Adjusted EBITDA from discontinued operations

—

)

Adjusted EBITDA

1,304

956

Amounts in table may not sum or calculate due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit G (continued)

Three months ended March 31,

2026

2025

Earnings (loss) attributable to FIS

2,366

Equity method investment (earnings) loss, net of tax

(2,214

)

Earnings (loss) attributable to FIS, excluding equity method investment earnings (loss)

152

148

Non-GAAP adjustments:

Purchase accounting amortization (1)

290

169

Acquisition, integration and other costs (2)

167

153

Asset impairments (3)

104

Non-operating (income) expense (4)

(33

)

Non-GAAP tax (provision) benefit (5)

Total non-GAAP adjustments

542

371

Adjusted net earnings attributable to FIS, excluding equity method investment earnings (loss)

694

519

Equity method investment earnings (loss), net of tax and gain on sale (6)

(71

)

Non-GAAP adjustments on equity method investment earnings (loss), net of related (provision) benefit for income taxes (7)

195

Adjusted equity method investment earnings (loss)

124

Adjusted net earnings attributable to FIS

705

643

Amounts in table may not sum or calculate due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit G (continued)

Three months ended March 31,

2026

2025

Earnings (loss) attributable to FIS

4.58

0.15

Equity method investment (earnings) loss, net of tax

(4.28

)

0.13

Earnings (loss) attributable to FIS, excluding equity method investment earnings (loss)

0.29

0.28

Non-GAAP adjustments:

Purchase accounting amortization (1)

0.56

0.32

Acquisition, integration and other costs (2)

0.32

0.29

Asset impairments (3)

0.20

—

Non-operating (income) expense (4)

(0.06

)

0.07

Non-GAAP tax (provision) benefit (5)

0.03

0.02

Total non-GAAP adjustments

1.05

0.70

Adjusted net earnings attributable to FIS, excluding equity method investment earnings (loss)

1.34

0.98

Equity method investment earnings (loss), net of tax and gain on sale (6)

0.02

(0.13

)

Non-GAAP adjustments on equity method investment earnings (loss), net of related (provision) benefit for income taxes (7)

0.01

0.37

Adjusted equity method investment earnings (loss)

0.02

0.23

Adjusted net earnings attributable to FIS

1.36

1.21

Weighted average shares outstanding-diluted

517

531

Amounts in table may not sum or calculate due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit G (continued)

Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliations for the three months ended March 31, 2026 and 2025.

(1)

This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. The Company has excluded the impact of purchase price amortization expense as such amounts can be significantly impacted by the timing and/or size of acquisitions. Although the Company excludes these amounts from its non-GAAP expenses, the Company believes that it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of assets that relate to past acquisitions will recur in future periods until such assets have been fully amortized. Any future acquisitions may result in the amortization of future assets.

(2)

This item represents costs comprised of the following:

Three months ended

March 31,

2026

2025

Continuing operations:

M&A transaction and integration expenses

Enterprise transformation initiatives

113

Other

—

Subtotal

148

153

Financing costs - Issuer Solutions acquisition (a)

—

Total

167

153

For the three months ended March 31, 2026 and 2025, this item included impairments primarily related to the abandonment or termination of certain internally developed software.

Non-operating (income) expense primarily consists of other income and expense items outside of the Company's operating activities, including fair value adjustments on certain non-operating assets and liabilities and foreign currency transaction remeasurement gains and losses.

This adjustment is based on an adjusted effective tax rate of 11.7% for the period ended March 31, 2026, primarily reflecting certain cash tax benefits from our acquisition of the Issuer Solutions Business, and 12.0% for the period ended March 31, 2025, primarily reflecting certain cash tax benefits from our equity method investment in Worldpay.

FIS completed the sale of its non-controlling 45% stake in Worldpay on January 9, 2026. For the three months ended March 31, 2026, this item reflects our share of the net earnings (loss), net of tax, attributable to Worldpay for the period from January 1 to January 8, 2026, and excludes the gain on sale, net of tax, which is recorded within Equity method investment earnings (loss), net of tax. For the three months ended March 31, 2025, this item reflects our share of net earnings (loss), net of tax, attributable to Worldpay.

This item represents FIS' proportionate share of Worldpay's non-GAAP adjustments on its net earnings (loss) consistent with FIS' non-GAAP measures and is comprised of the following:

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Three months ended March 31,

2026

2025

FIS' share of Worldpay:

Purchase accounting amortization

158

Acquisition, integration and other costs (a)

Non-operating (income) expense

)

Non-GAAP tax (provision) benefit

(14

)

(23

)

Non-GAAP adjustments on equity method investment earnings (loss), net of related (provision) benefit for income taxes

195

(a) Worldpay acquisition, integration, and other costs consist primarily of transaction and transition costs related to the separation from FIS.

Amounts in table may not sum due to rounding.