Fidelity National Information Services Reports $10.1 Billion Revenue for Fiscal Year 2024

Fidelity National Information Services, Inc. (FIS) reported a consolidated revenue of $10.1 billion for the fiscal year ending December 31, 2024, marking a 3% increase from $9.83 billion in 2023. The company's operating income rose significantly to $1.71 billion, up 18% from $1.45 billion in the previous year, resulting in an operating margin of 17%. The increase in revenue was primarily driven by new sales to both existing and new customers, alongside higher transaction processing volumes, although this was partially offset by declines in non-strategic business areas.

The company underwent a significant strategic shift with the completion of the Worldpay Sale on January 31, 2024, where it sold a 55% equity interest in its Worldpay Merchant Solutions business for an enterprise value of $18.5 billion. Following the sale, FIS retained a 45% non-controlling interest in the newly formed joint venture, Worldpay Holdco, LLC. The transaction generated net cash proceeds exceeding $12 billion, which were utilized to reduce debt and repurchase shares, aligning with FIS's strategy to enhance shareholder value while maintaining an investment-grade credit rating.

In terms of operational metrics, FIS reported a total employee headcount of over 50,000 as of December 31, 2024, with a significant portion of its workforce based outside the U.S. The company continues to focus on expanding its customer base and enhancing product offerings, particularly in its Banking and Capital Markets segments, which generated revenues of $6.89 billion and $2.98 billion, respectively. The Banking segment saw a 2% increase in revenue, driven by recurring revenue growth, while the Capital Markets segment experienced an 8% revenue increase, attributed to new SaaS sales and increased license sales.

Looking ahead, FIS anticipates continued growth driven by its investments in innovation and modernization of its technology platforms. The company plans to allocate resources strategically to both internal development and potential acquisitions that align with its long-term objectives. Despite the challenges posed by market conditions and competition, FIS remains optimistic about its ability to adapt and thrive in the evolving financial technology landscape, with a focus on delivering integrated solutions that meet the needs of its diverse client base.