v3.26.1
Condensed Consolidated Financial Statement Details
 6 Months Ended
Jun. 30, 2026
Condensed Consolidated Financial Statement Details [Abstract]  
Condensed Consolidated Financial Statement Details Condensed Consolidated Financial Statement Details
Cash and Cash Equivalents

The Company records restricted cash in captions other than Cash and cash equivalents on the consolidated balance sheets. The reconciliation between Cash and cash equivalents on the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions):

June 30,
2026		December 31,
2025
Cash and cash equivalents on the consolidated balance sheets$744 $599 
Restricted cash, recorded within Prepaid expenses and other current assets25 — 
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows$769 $599 

Settlement Assets

The principal components of the Company's settlement assets on the consolidated balance sheets are as follows (in millions):
June 30,
2026		December 31,
2025
Settlement deposits$282 $368 
Settlement receivables342 147 
Total Settlement assets$624 $515 
Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of June 30, 2026, and December 31, 2025, consists of the following (in millions):
June 30,
2026		December 31,
2025
Contract assets$392 $349 
Prepaid maintenance296 208 
Other prepaid expenses223 141 
Other current assets379 261 
Total Prepaid expenses and other current assets
$1,290 $959 

Intangible Assets, Software and Property and Equipment

The following table provides details of Intangible assets, Software and Property and equipment as of June 30, 2026, and December 31, 2025 (in millions):
June 30, 2026December 31, 2025
CostAccumulated
depreciation and amortization		NetCostAccumulated
depreciation and amortization		Net
Intangible assets$6,423 $2,109 $4,314 $2,688 $1,729 $959 
Software$7,299 $2,061 $5,238 $4,689 $1,813 $2,876 
Property and equipment$2,684 $1,544 $1,140 $2,139 $1,448 $691 
As of June 30, 2026, Intangible assets, net of amortization, includes $4.2 billion of customer relationships and $136 million of trademarks and other intangible assets. Amortization expense with respect to Intangible assets was $193 million and $159 million for the three months and $370 million and $314 million for the six months ended June 30, 2026 and 2025, respectively.

Amortization expense with respect to software was $312 million and $173 million for the three months, and $606 million and $341 million for the six months, ended June 30, 2026 and 2025, respectively.

There were no software impairments during the three months ended June 30, 2026, and $72 million of software impairments during the six months ended June 30, 2026, primarily related to product rationalization and strategic realignment initiatives. There were no software impairments during the three and six months ended June 30, 2025.
Depreciation expense for property and equipment was $62 million and $45 million for the three months, and $121 million and $89 million for the six months, ended June 30, 2026 and 2025, respectively.

Goodwill

Changes in goodwill during the six months ended June 30, 2026, are summarized below (in millions).

CapitalCorporate
BankingMarketAnd
SolutionsSolutionsOtherTotal
Balance, December 31, 2025$13,080 $4,662 $20 $17,762 
Goodwill attributable to acquisitions7,186 177 — 7,363 
Reallocation due to segment realignment(271)255 16 — 
Impairments— — (16)(16)
Foreign currency adjustments(56)(27)— (83)
Balance, June 30, 2026$19,939 $5,067 $20 $25,026 

We assess goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. We evaluated whether events and circumstances as of June 30, 2026, indicated potential impairment of our reporting units.

For our Banking and Capital Markets reporting units, we evaluated whether events or changes in circumstances occurred during the period that would require an interim goodwill impairment test. In performing this evaluation, we considered factors most likely to affect our reporting units' fair values. The factors examined involve use of management judgment and included, among others, (1) forecast revenue, growth rates, operating margins, and capital expenditures used to estimate future cash flows, (2) future economic and market conditions and (3) FIS' market capitalization, including consideration of declines in our share price and market capitalization during the three and six months ended June 30, 2026. Based on our triggering event assessment as of June 30, 2026, we concluded that it was not more likely than not that the fair value of any reporting unit was below its carrying amount. However, the estimated fair value of certain reporting units has become more sensitive to adverse changes in assumptions and market conditions than in prior periods. Accordingly, our conclusion is increasingly sensitive to further declines in our share price and market capitalization, as well as changes in assumptions used by market participants in estimating fair value, which we will continue to monitor to determine whether a quantitative goodwill impairment assessment is needed in a future period.

There were no goodwill impairments during the three months ended June 30, 2026, and $16 million of goodwill impairment during the six months ended June 30, 2026, related to certain non-strategic businesses in the Corporate and Other segment. There were no goodwill impairments during the three and six months ended June 30, 2025.

Equity Security Investments

The Company holds various equity securities without readily determinable fair values. These securities primarily represent strategic investments made by the Company, as well as investments obtained through acquisitions. Such investments totaled $194 million and $193 million at June 30, 2026, and December 31, 2025, respectively, and are included within Other noncurrent assets on the consolidated balance sheets. The Company accounts for these investments at cost, less impairment, and adjusts the carrying values for observable price changes from orderly transactions for identical or similar investments of the
same issuer. These adjustments are generally considered Level 2-type fair value measurements. The Company records realized and unrealized gains and losses on these investments, as well as impairment losses, as Other income (expense), net in the consolidated statements of earnings (loss) and recorded net gains (losses) of $(1) million and $(1) million for the three months and $(1) million and $(3) million for the six months ended June 30, 2026 and 2025, respectively, related to these investments.

Accounts Payable, Accrued and Other Liabilities

Accounts payable, accrued and other liabilities as of June 30, 2026, and December 31, 2025, consisted of the following (in millions):

June 30, 2026December 31, 2025
Trade accounts payable$318 $192 
Accrued salaries and incentives367 448 
Derivatives153 189 
Accrued benefits and payroll taxes121 121 
Taxes other than income tax97 126 
Accrued interest payable155 104 
Operating lease liabilities82 71 
Related-party payables— 24 
Other accrued liabilities1,136 822 
Total Accounts payable, accrued and other liabilities$2,429 $2,097