Fidelity National Information Services, Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 29 May 2026 | Financial Services | Market Cap: ₹21.8K Cr

- Strong commercial momentum with recurring ACV growth at 24% YoY, indicating durable and predictable revenue growth ahead (Page 6). - Full-year outlook reiterated: Pro forma revenue growth targeted at 5.1% to 5.7%.

From Fidelity National Information Services, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.

Price

₹42.22

Market Cap

₹21.8K Cr

P/E Ratio

8.2

How does Fidelity National Information Services, Inc. rank in Financial Services?

Compare Fidelity National Information Services, Inc. against every Financial Services company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 4Margin: Rank 2

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📊 Revenue & Sales Performance

Rank 4

→Strong commercial momentum with recurring ACV growth at 24% YoY, indicating durable and predictable revenue growth ahead (Page 6).
→Banking segment projected to grow 5% to 5.5% annually, tracking near the upper end with strong growth in digital banking, network, and money movement businesses (Page 4, 13).
→Capital Markets expected to grow 5.5% to 6.5% annually but with a conservative outlook due to lending softness; Q2 guidance at 3%-4%, including license timing headwinds (Pages 4, 13).
→Digital, lending, and payments businesses are key growth drivers with triple-digit percentage increases in some ACV verticals like Money Movement Hub and Lending (Page 6).
→Elevated demand and deal size in banking M&A continuing to drive conversion and growth, sustaining growth into 2027 and beyond (Page 12).
→Partnerships and resellers expanding sales force globally, expected to drive recurring revenue flows into 2027 and 2028 (Page 10).
→Margin expansion and free cash flow growth are expected to support durable margin expansion and shareholder returns (Page 4).

📈 Profitability & Margins

Rank 2

→Full-year outlook reiterated: Pro forma revenue growth targeted at 5.1% to 5.7%.
→Banking segment revenue expected to grow 5% to 5.5%; Capital Markets 5.5% to 6.5%.
→Adjusted EPS growth forecasted at 8% to 10% for the full year.
→Second quarter outlook: Pro forma revenue growth projected at 4.9% to 5.5%.
→ - Banking growth: 5.5% to 6%
→ - Capital Markets growth: 3% to 4%
→ - Adjusted EPS expected to grow 7% to 10% in Q2.
→EBITDA growth expected to outpace revenue growth; margins projected to expand 75 to 110 basis points for the year.
→Free cash flow target of $2.1 billion for full year; confident in exceeding this.
→Longer-term goal to double free cash flow by 2028 to over $3 billion.
→Growth driven by recurring revenue with strong commercial momentum and expanding margins.

See what Fidelity National Information Services, Inc. said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

Yes

→No explicit mention of current or future capital expenditures (capex) in the provided excerpts.
→Strategic investments focus heavily on AI and digital innovation, such as the partnership with Anthropic to co-build AI financial crime agents.
→Investment in digital asset platforms, notably Project Keystone, to advance tokenized deposits and digital currency capabilities.
→Emphasis on expanding high-growth verticals like digital banking, payments, Money Movement Hub, and lending.
→Strategic partnerships and reseller activation to broaden product distribution globally.
→Continued focus on commercial excellence programs aimed at recurring revenue growth and margin expansion.
→No direct references to traditional capital investment or hardware spend; investments appear oriented toward technology and software development.

💰 Fundraising & Capital Structure

No information

→No explicit mention of new fundraising through debt or equity in the provided pages.
→The company is focused on strong free cash flow generation, having doubled free cash flow in Q1 and targeting $2.1 billion for the full year, with plans to exceed $3 billion by 2028.
→They intend to delever towards a leverage target of 2.8x, at which point they plan to meaningfully increase capital return to shareholders.
→The emphasis is on profitable growth, cash optimization, and margin expansion rather than raising new capital.
→No guidance or plans disclosed related to issuing new debt or equity at this time.

See what Fidelity National Information Services, Inc. said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

Yes

→The recurring ACV (Annual Contract Value) growth is strong, indicating a healthy pipeline and order book:
→ - Overall recurring ACV growth of 24% year-over-year.
→ - Banking recurring ACV increased 13%.
→ - Capital Markets recurring ACV increased 45%.
→ - Key growth vectors include Money Movement Hub ACV tripling, lending growing 63%, and digital ACV up 25%.
→Pipelines going into Q2 remain strong, supporting a positive outlook for ACV and revenue growth.
→Commercial momentum and recurring ACV sales are accelerating, with first quarter recurring ACV sales up 45%, building on 34% growth in the previous quarter.
→The strong pipeline reflects confidence in durable and predictable recurring revenue growth.

Key Metrics

2 of 5 growth signals positive in the Q2 FY26 call.

Revenue

Rank 4

Margin

Rank 2

Capex

Yes

Fundraise

No information

Order Book

Yes

How does Fidelity National Information Services, Inc. rank vs peers in Financial Services?

Pro feature

1Fidelity National Information Services, Inc.

Rev 4Mar 2

See full Financial Services sector rankings

Others in Financial Services this season

Equitable Holdings, Inc. (Q2 FY26)
Equitable Holdings, Inc. Q2 FY26 quarterly results analysis. The combined company expects to nearly double sales, having already done so over the past 3 years,
Corebridge Financial, Inc. (Q2 FY26)
Corebridge Financial, Inc. Q2 FY26 quarterly results analysis. **Individual Retirement:** Expected to grow, supported by strong fundamentals and positive demogr
Toast, Inc. (Q2 FY26)
Toast, Inc. Q2 FY26 quarterly results analysis. Strong location growth with 7,000 net locations added in Q1, totaling 171,000 live locations, up 22% year-over-y
Global Payments Inc. (Q2 FY26)
Global Payments Inc. Q2 FY26 quarterly results analysis. Revenue synergies: Targeting $200 million run rate in revenue synergies over the first 3 years post-int

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🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Fidelity National Information Services, Inc. Q2 FY26 results?

What is Fidelity National Information Services, Inc. share price analysis?

Fidelity National Information Services, Inc. currently shows a neutral. The stock trades at a P/E of 8.2 with a market cap of $21,823. Investors should review the full earnings analysis for detailed insights.

Is Fidelity National Information Services, Inc. planning capital expenditure?

- No explicit mention of current or future capital expenditures (capex) in the provided excerpts.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.