TacticScaleWhat Fidelity National Information Services Does & How It Makes Money (FIS)
Updated October 2026 · reflects Fidelity National Information Services's latest reported financials
Software and services provider for banks and capital markets firms. FIS earns money by selling software, processing services and related solutions to financial institutions and businesses.
How Fidelity National Information Services makes money
FIS earns money by selling software, processing services and related solutions to financial institutions and businesses. Its revenue is split across two main segments, Banking Solutions and Capital Market Solutions.
What Fidelity National Information Services does
Fidelity National Information Services (FIS) is a Jacksonville, Florida-based technology provider founded in 1968. It serves financial institutions, businesses and developers worldwide. It reports through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. On the banking side, FIS supplies core processing and related applications, digital banking, card and retail payments, electronic funds transfer and network services, fraud and compliance tools, wealth and retirement solutions, and item processing. For capital markets, it offers software for trading and assets, lending, leveraged and syndicated loan markets, and treasury and risk management. Together these make FIS a major infrastructure vendor behind the operations of financial institutions.
Products & services
- Core banking processing
- Mobile and online banking
- Card and retail payment solutions
- Electronic funds transfer and network services
- Fraud, risk management and compliance tools
- Treasury, risk and syndicated loan solutions
What is Fidelity National Information Services worth?
On an owner-earnings DCF, Fidelity National Information Services's most-likely value is about $55 versus a recent price near $34 (61% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$33) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 10.5× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Fair Isaac (FICO) · Fidelity National Financial (FNF) · Shenzhen InfoGem Technologies (300085.SZ) · Yusys Technologies (300674.SZ) · Digital China Information Service (000555.SZ)