v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Combination
The total purchase price was as follows (in millions):

Cash Consideration$7,695 
2026 Worldpay Minority Interest Sale
5,762 
Share-based Consideration
16 
Total purchase price$13,473 
In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions):
Three months endedSix months ended
June 30,June 30,
20262025 (1)20262025 (1)
M&A transaction and integration expenses$63 $71 $118 $102 
Enterprise transformation initiatives172 64 265 178 
Other2 17 3 26 
Total (2)$237 $152 $386 $306 
(1)2025 amounts have been reclassified to conform to current-period presentation.
(2)During the three and six months ended June 30, 2026 and 2025, the Company incurred severance and related termination benefit costs totaling $107 million and $135 million and $46 million and $105 million, respectively, related primarily to its enterprise transformation initiatives and made corresponding cash payments of $21 million and $67 million and $38 million and $78 million, respectively. These amounts are included in Selling, general, and administrative expenses in the consolidated statements of earnings (loss). These costs are accounted for in accordance with ASC 712, Compensation–Nonretirement Postemployment Benefits. The Company continues to evaluate its organizational structure and expects to incur additional severance costs in the second half of 2026.
Schedule of Financial Information for the Company's Segments
Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

For the three months ended June 30, 2026 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Revenue$2,483 $810 $84 $3,377 
Direct cost of revenue(430)(67)13 (484)
Net personnel costs(499)(180)(338)(1,017)
Infrastructure costs(128)(10)(196)(334)
Allocated costs(203)(121)324 — 
Other costs(87)(12)(34)(133)
Adjusted EBITDA$1,136 $420 $(147)$1,409 
Adjusted EBITDA$1,409 
Depreciation and amortization(344)
Purchase accounting amortization(321)
Acquisition, integration and other costs(237)
Interest expense, net(200)
Other income (expense), net(12)
(Provision) benefit for income taxes(63)
Net earnings attributable to noncontrolling interest(1)
Net earnings (loss) attributable to FIS$231 
Capital expenditures (1)$210 $81 $10 $301 
Depreciation and amortization (including purchase accounting amortization)$138 $108 $419 $665 

(1) Capital expenditures include $45 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.
For the three months ended June 30, 2025 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Revenue$1,720 $783 $113 $2,616 
Direct cost of revenue(276)(49)(16)(341)
Net personnel costs(406)(195)(317)(918)
Infrastructure costs(62)(25)(154)(241)
Allocated costs(171)(98)269 — 
Other costs(49)(7)(19)(75)
Adjusted EBITDA$756 $409 $(124)$1,041 
Adjusted EBITDA$1,041 
Depreciation and amortization(309)
Purchase accounting amortization(172)
Acquisition, integration and other costs(152)
Interest expense, net(110)
Other income (expense), net(159)
(Provision) benefit for income taxes(10)
Equity method investment earnings (loss)(598)
Net earnings attributable to noncontrolling interest(1)
Net earnings attributable to FIS$(470)
Capital expenditures (1)$142 $89 $7 $238 
Depreciation and amortization (including purchase accounting amortization)$165 $105 $211 $481 

(1) Capital expenditures include $20 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.
For the six months ended June 30, 2026 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Revenue$4,857 $1,633 $181 $6,671 
Direct cost of revenue(837)(119)(4)(960)
Net personnel costs(1,023)(368)(703)(2,094)
Infrastructure costs(255)(32)(372)(659)
Allocated costs(412)(246)658 — 
Other costs(156)(23)(66)(245)
Adjusted EBITDA$2,174 $845 $(306)$2,713 
Adjusted EBITDA$2,713 
Depreciation and amortization(683)
Purchase accounting amortization(611)
Acquisition, integration and other costs(386)
Asset impairments(104)
Interest expense, net(397)
Other income (expense), net23 
(Provision) benefit for income taxes(170)
Equity method investment earnings (loss), net of tax2,214 
Net earnings attributable to noncontrolling interest(1)
Net earnings (loss) attributable to FIS common stockholders$2,598 
Capital expenditures (1)
$483 $225 $17 $725 
Depreciation and amortization (including purchase accounting amortization)$500 $234 $560 $1,294 

(1) Capital expenditures include $208 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.
For the six months ended June 30, 2025 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Revenue$3,352 $1,571 $225 $5,148 
Direct cost of revenue(535)(102)(34)(671)
Net personnel costs(823)(399)(654)(1,876)
Infrastructure costs(122)(47)(307)(476)
Allocated costs(359)(205)564 — 
Other costs(92)(16)(18)(126)
Adjusted EBITDA$1,421 $802 $(224)$1,999 
Adjusted EBITDA$1,999 
Depreciation and amortization(596)
Purchase accounting amortization(340)
Acquisition, integration and other costs(306)
Asset impairments(2)
Interest expense, net(190)
Other income (expense), net(195)
(Provision) benefit for income taxes(93)
Equity method investment earnings (loss), net of tax(669)
Net earnings attributable to noncontrolling interest(1)
Net earnings attributable to FIS common stockholders$(393)
Capital expenditures (1)$324 $203 $21 $548 
Depreciation and amortization (including purchase accounting amortization)$327 $208 $401 $936 

(1) Capital expenditures include $97 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.