FIS (FIS) reported net income of $356 million attributable to common shareholders in 3Q26, compared with $264 million in the same period a year earlier. Earnings per share (EPS) under GAAP were $0.69, versus $0.50 in 3Q25. GAAP revenue rose 27% to $3.5 billion ($3,454 million).
Adjusted (non-GAAP, excluding items the company considers non-recurring) figures show adjusted revenue up 29%. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rose 31% to $1.5 billion, with a margin of 42.9%, up 111 basis points. Adjusted net income was $831 million, and adjusted EPS rose 6.6% to $1.61. The document attributes the margin increase to the acquisition of the high-margin Total Issuing Solutions business, a favorable revenue mix and cost savings.
On a pro forma basis (as if the acquisition had occurred on January 1, 2025), revenue grew 3.7% and adjusted EBITDA grew 5.2%. Banking Solutions revenue rose 41% to $2.5 billion, and Capital Market Solutions revenue rose 3% to $823 million.
Cash flow from operations was $976 million, and adjusted free cash flow (excluding taxes paid on the sale of Worldpay) was $862 million, up 8.0%. FIS returned $248 million to shareholders, consisting of $21 million in share repurchases and $227 million in dividends. Debt totaled $20.8 billion as of September 30, 2026. The company temporarily reduced buybacks and paused small acquisitions to accelerate debt reduction, and plans to resume them once it reaches gross leverage of about 2.8 times. On October 20, 2026, it sold a non-strategic prepaid business for more than $100 million gross.
For 2026, guidance calls for adjusted growth of 28% to 29% in revenue, 29% to 30% in EBITDA and 1.2% to 2.4% in EPS. Revenue is expected to be between $13,445 million and $13,505 million, adjusted EBITDA between $5,565 million and $5,605 million, and adjusted EPS between $5.82 and $5.89. The free cash flow target of $2.15 billion to $2.25 billion was maintained.
