NYSE:FIS

FIS and Ericsson Partner to Accelerate Launch of Digital Wallet Financial Services

FIS (NYSE: FIS) announced Tuesday that it is collaborating with Ericsson to develop a pre-integrated platform designed to help organizations launch wallet-led financial services faster and with less technical complexity.

The collaboration will combine FIS’s payments and card-issuing capabilities with the Ericsson Fintech Platform, bringing payments, issuing, digital wallets, identity, ledger technology and open APIs together within a unified infrastructure.

The companies are targeting one of the primary obstacles to digital wallet deployment: integrating multiple systems required to securely move, store and manage money. A pre-connected architecture could reduce implementation requirements and allow financial institutions, telecom operators and other enterprises to move more quickly from product development to commercial deployment.

Ericsson brings significant existing scale to the partnership. Its fintech platform supports more than 131 million active 90-day users across 24 countries and processes approximately $80 billion in transaction value each month.

For FIS, the partnership expands its opportunity in digital wallets and embedded financial services beyond traditional banking infrastructure. For Ericsson, it reinforces fintech as a growth business as telecommunications, digital identity and mobile payments increasingly converge.

The collaboration could also strengthen both companies’ positions in emerging markets and other regions where mobile wallets increasingly serve as a primary gateway to financial services, while giving organizations an alternative to building complex wallet infrastructure independently.
FIS (FIS) Q1 2026: Strong Execution, Stock Essentially Flat

Fidelity National Information Services is barely moving today, down just 0.05%, despite delivering a genuinely strong quarter. The muted reaction likely reflects the fact that much of the reported GAAP beat is noise from a one-time gain, and investors are focused on the underlying organic growth story — which is solid but not spectacular enough to excite on a day when all eyes are on tech and chips.

The headline GAAP numbers are inflated by a $2.2 billion after-tax gain from the Worldpay sale, pushing reported EPS to $4.58 versus $0.15 a year ago. Strip that out and the picture is more grounded: adjusted EPS grew 12% to $1.36, adjusted EBITDA rose 36% to $1.3 billion with margin expanding 176 basis points to 39.6%, and free cash flow more than doubled — up 111% to $474 million. On a pro forma organic basis, revenue grew 6.5% and EBITDA grew 9.4%, which is the number that matters most for ongoing valuation.

Banking Solutions was the growth engine, with pro forma revenue up 7.7% and pro forma EBITDA margin expanding 243 basis points to 43.7%, driven by the high-margin Total Issuing Solutions acquisition and strong performance in core banking and payments. Capital Market Solutions grew more modestly at 2.9% pro forma, with margin expanding 162 basis points to 51.6%.

CEO Stephanie Ferris struck a constructive tone, noting that "banks are investing" and that FIS is positioning at the forefront of modern banking innovation. Full-year 2026 guidance was reiterated in full — adjusted revenue growth of 30-31%, adjusted EBITDA growth of 34-35%, adjusted EPS growth of 8-10%, and free cash flow of $2.05-$2.15 billion.

The one overhang: debt stands at $21.1 billion, and the company has temporarily paused share buybacks and M&A to focus on deleveraging to its 2.8x gross leverage target. Until that milestone is reached, capital return optionality is limited — which may be keeping a lid on enthusiasm despite otherwise clean results.

A good quarter. Just not a flashy one on a day when flashy is all that matters.
FIS announced the launch of “Project Keystone,” a bank-led digital money network developed in collaboration with major U.S. financial institutions.

The initiative will enable participating banks—including Citizens Financial Group, Fifth Third Bank, Huntington Bank, KeyBank, and M&T Bank—to issue, transfer, and settle digital money backed by regulated bank deposits.

Unlike cryptocurrencies or stablecoins, Project Keystone will operate using real bank-issued deposits in digital form, meaning transactions remain within the regulated banking system. The network is designed to ensure full settlement finality (transactions either complete fully or not at all), aiming to reduce inefficiencies and reconciliation delays in traditional interbank systems.

Strategically, the project reflects a push by banks to retain control over digital money infrastructure, rather than relying on third-party platforms, while modernizing payments and settlement processes.

Source: Business Wire
FIS to Report First Quarter Earnings on May 8, 2026
FIS announced enhancements to its Cross-Asset Trading and Risk Suite, introducing a unified platform designed to provide institutional-grade trading tools to firms of all sizes.

The platform consolidates front-to-back trading operations, replacing fragmented legacy systems with a single solution that manages orders, portfolios, positions, and risk. It also incorporates AI-driven automation and intuitive dashboards to improve decision-making speed and operational efficiency.

With expanded capabilities supporting both public and private market strategies, the platform enables buy-side firms to implement more sophisticated cross-asset investment approaches.

FIS said the upgrades aim to level the playing field by giving smaller investment firms access to advanced trading technologies traditionally reserved for large market participants.
Business Wire
Fidelity National Information Services and Barclays extended their core banking partnership through a multi-year agreement to support the bank’s U.S. deposit growth.

Barclays will use FIS’s Profile platform to enhance digital banking capabilities, enabling real-time processing and improved scalability for its growing online savings business.
Business Wire
Fidelity National Information Services (FIS) announced that Mizuho Financial Group selected its Balance Sheet Manager solution to support compliance with revised accounting standards in Japan aligned with IFRS 9.

The platform will help Mizuho manage the expected credit loss (ECL) framework required under IFRS 9 by automating complex calculations, scenario modeling and regulatory reporting processes.

FIS said the solution provides advanced balance sheet modeling and asset-liability management capabilities, enabling financial institutions to improve regulatory compliance while gaining deeper insights into risk exposure and capital allocation.
Business Wire
FIS reported full-year 2025 results and introduced its 2026 outlook.

For 2025, FIS posted GAAP diluted EPS of $0.73 and adjusted EPS of $5.75, up 10% year over year. Revenue rose 5% on a GAAP basis and 6% on an adjusted basis to $10.7 billion. Operating cash flow totaled $2.6 billion, while free cash flow increased 19%. The company returned $2.1 billion to shareholders, including $1.3 billion in share repurchases.

In January 2026, FIS completed the acquisition of Total Issuing™ Solutions and sold its remaining Worldpay stake. For 2026, the company projects adjusted revenue growth of 30–31%, adjusted EBITDA growth of 34–35%, adjusted EPS growth of 8–10%, and free cash flow growth of 27–33%.
Fidelity National Information Services (FIS) launched the Insurance Risk Suite AI Assistant, a generative AI tool designed to provide real-time actuarial guidance for building and maintaining risk models.

The assistant delivers instant, multilingual answers to complex modeling questions, helping actuaries reduce time spent searching technical documentation. FIS said the tool supports faster risk response as insurers face increasing climate volatility and cyber threats. Future updates are expected to include code generation, automated documentation, and detailed calculation explanations.

Source: Business Wire
Fidelity National Information Services (FIS) received multiple industry recognitions for its treasury and risk management solutions.

FIS won Best Risk Management Solution and Best Cash & Treasury Management Solution at the 2026 TMI Awards, marking its eighth overall and seventh consecutive win in cash and treasury management. The company was also named a Leader in the 2025–2026 IDC MarketScape for AI-enabled enterprise treasury and risk management applications, and a Category Leader across all six quadrants in the 2025 Chartis ALM Solutions report.

The awards highlight FIS’ strengths in treasury, risk, AI-driven forecasting, balance sheet management, and cloud-based financial solutions.

Source: Business Wire