Fidelity National Information Services Q3 2024 Earnings Overview
Monday, 4 November 2024, 13:52
Fidelity National Information Services Q3 2024 Earnings Report
Fidelity National Information Services, Inc. (NYSE: FIS), a provider of technology solutions for financial institutions and businesses, reported operating results for the third quarter of 2024.
Key Earnings Highlights
- Third-quarter earnings increased 7% year-over-year to $0.45 per share.
- Net earnings attributable to stockholders were $246 million in Q3, a 1% decrease year-over-year.
- Adjusted profit was $1.40 per share in the September quarter, up 49% from the corresponding quarter of 2023.
- Revenue increased 3% on a reported basis to $2.6 billion in Q3 and grew 4% on an adjusted basis.
- The company repurchased $500 million of its common shares during the three months.
- Management raised the low end of its full-year revenue and adjusted EBITDA outlook, which is a positive indicator for FIS stock.
- Q3 adjusted EBITDA margin contracted by 140 basis points over the prior-year period to 41.3%; adjusted EBITDA was approximately $1.1 billion.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.