Fidelity National Information Services (FIS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $16.9B, Fidelity National Information Services's free cash flow of $1.6B (fiscal 2025) would need to grow about -4% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Fidelity National Information Services's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from FIS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Fidelity National Information Services's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.3B | $9.7B | $9.8B | $10.1B | $10.7B |
| Net income | $417M | -$16.8B | -$6.7B | $1.4B | $382M |
| Free cash flow | $3.6B | $2.9B | $3.6B | $1.4B | $1.6B |
| EPS (diluted) | $0.67 | -$27.74 | -$11.26 | $2.61 | $0.73 |
| Operating margin | 11.1% | 12.1% | 14.7% | 16.9% | 16.3% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own FIS
From each investor's latest 13F filing (what a 13F shows). 9 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Dodge & Cox Dodge & Cox |
Trimmed | $1.9B | 1.00% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $295M | 0.10% | Q2 2026 |
| Andrew Wellington Lyrical Asset Management |
Trimmed | $142M | 1.8% | Q2 2026 |
| Mason Hawkins Southeastern Asset Management |
Trimmed | $30M | 1.6% | Q2 2026 |
| Ric Dillon Diamond Hill Capital Management |
Added | $27M | 0.21% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $14M | 0.03% | Q2 2026 |
| Will Nasgovitz Heartland Advisors |
Added | $5M | 0.24% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $4M | 0.00% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Added | $377,136 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Fidelity National Information Services's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $49.69 | — |
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $49.69 | — |
| Mar 5, 2026 | Stephanie Ferris |
19,846 | $50.39 | $1M |
| Jan 15, 2026 | Jeffrey A Goldstein |
941 | $64.11 | $60,328 |
| Dec 19, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $66.01 | — |
| Dec 19, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $66.01 | — |
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $63.18 | — |
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $63.18 | — |
| Oct 15, 2025 | Jeffrey A Goldstein |
889 | $67.66 | $60,150 |
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In the full deep dive
Questions
What growth does Fidelity National Information Services's stock price imply?
At a market value of $16.9B, Fidelity National Information Services would need its free cash flow to grow about -4% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 2% a year.
Are Fidelity National Information Services insiders buying the stock?
9 open-market insider purchases of FIS in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Fidelity National Information Services?
9 of the superinvestors Investingly tracks hold FIS in their latest 13F, including Dodge & Cox, Cliff Asness, Andrew Wellington.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.