FIS

FIS reported Q2 2026 revenue of $3.4 billion, up 29% GAAP basis and 31% adjusted. GAAP diluted EPS was $0.45 (loss of $0.90 in Q2 2025); adjusted EPS increased 8.8% to $1.48. Adjusted EBITDA grew 35% to $1.4 billion with adjusted EBITDA margin expanding 193 basis points to 41.7%, driven by the Total Issuing Solutions acquisition integration and cost savings. Banking Solutions revenue jumped 44% to $2.5 billion; Capital Market Solutions grew 3.5% to $810 million. On a pro forma combined basis (assuming the acquisition occurred January 1, 2025), revenue grew 5.3% with pro forma adjusted EBITDA up 7.4%. Free cash flow surged 220% to $525 million. FIS lowered full-year 2026 pro forma revenue growth guidance to 4.5–5.0% (from 5.1–5.7%) and pro forma EBITDA growth to 5.9–6.9% (from 7.2–8.4%), while raising free cash flow guidance by $100 million to $2.15–$2.25 billion.