Fidelity National Information Services Business Summary

Fidelity National Information Services, Inc. (FIS) operates as a global leader in financial technology, primarily generating revenue through a high-margin mix of recurring subscription fees, transaction-based processing charges, and professional services. Following the January 2026 completion of a transformative "swap" transaction—where FIS divested its remaining stake in Worldpay to Global Payments in exchange for the $13.5 billion acquisition of the Issuer Solutions business (formerly TSYS)—the company has solidified its position as a pure-play provider focused on core banking and credit issuing. Its primary business segments now include Banking Solutions, which provides core processing and digital channel software; Capital Market Solutions, offering buy-side and sell-side trading and risk technology; and the newly integrated Total Issuing Solutions, the world’s largest credit issuing platform processing over 40 billion transactions annually. FIS competes directly with Fiserv, Jack Henry & Associates, and Broadridge Financial Solutions, maintaining a dominant market share as one of the "Big Three" providers of mission-critical infrastructure for the global financial system. Originally founded in 1968 as Systematics by Walter Smiley, FIS evolved through decades of strategic consolidation under the Fidelity National Financial umbrella before becoming an independent powerhouse. The current leadership team is headed by CEO and President Stephanie Ferris, a veteran finance executive and former CFO of Worldpay with a background at PwC and Fifth Third Bancorp. Supporting her is CTO Firdaus Bhathena, an MIT-educated technologist who previously led digital transformation at CVS Health and Aetna, and CFO James Kehoe, formerly of Walgreens Boots Alliance. The company’s strategic direction is further guided by an independent board chaired by Jeffrey Goldstein, which recently expanded in early 2026 to include Anil Chakravarthy, a high-profile Adobe executive and AI specialist. Notable institutional backing remains strong from major asset managers like Vanguard and BlackRock, reflecting the company's status as a staple of the S&P 500 and a critical utility for over 20,000 global clients.