FIS Forecasts Modest Banking Revenue Growth Amid Cybersecurity Investment and Partnership Shifts
Fidelity National Information Services (FIS) reported a solid third quarter, characterized by revenue growth, margin expansion, and robust free cash flow. CEO Stephanie Ferris emphasized the company's ongoing efforts to simplify its portfolio through strategic divestitures and structural changes. Looking ahead to 2027, FIS projects banking revenue growth to remain relatively flat, ranging between 0% and 1.5%. This cautious outlook comes as the company increases investments in cybersecurity and prepares for the loss of approximately $140 million in partnership-related revenue.
Tickers: $FIS
Topics: free cash flow margin expansion portfolio simplification revenue growth
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