Fidelity National Information Services, Inc. (FIS) Bundle
Ever wondered how $9 trillion moves annually through the global economy? Fidelity National Information Services, Inc. (FIS) stands at the forefront of financial technology, processing approximately 75 billion transactions each year for over 20,000 clients worldwide. Intrigued to discover how this Fortune 500 company, with $10.1 billion in revenue for 2024, has evolved from its origins in 1968 to become a leader in banking and capital market solutions?
What are the key milestones in FIS's journey, and how has it adapted to stay relevant in the ever-changing fintech landscape? Join us as we explore the history, ownership structure, and mission of FIS, offering insights into its operational mechanisms and revenue generation strategies.
Fidelity National Information Services, Inc. (FIS) History
Founding Timeline
Year established
The origins of Fidelity National Information Services (FIS) can be traced back to 1968 with the founding of Systematics, Inc.
Original location
Systematics, Inc., which would eventually become part of FIS, was originally located in Little Rock, Arkansas.
Founding team members
The founding team of Systematics, Inc. included Walter W. 'Witt' Stephens Jr., son of Stephens Inc. founder W.R. Stephens, along with other key executives who aimed to provide data processing services to financial institutions.
Initial capital/funding
Specific details regarding the initial capital or funding for Systematics, Inc. are not widely publicized. However, it was established with the backing of Stephens Inc., a prominent investment firm, which provided the necessary resources to launch and grow the company.
Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1968 | Systematics, Inc. Founded | Established a foundation in providing core banking software and services. |
| 1990s | Growth and Expansion | Systematics experienced substantial growth, driven by increased demand for technology solutions in the financial sector. |
| 1999 | Acquisition by ALLTEL Information Services | Systematics was acquired by ALLTEL Information Services, marking a significant expansion of ALLTEL's offerings in the financial services sector. |
| 2003 | Spin-off as Fidelity National Financial (FNF) | ALLTEL Information Services was spun off as Fidelity National Financial (FNF), which included the former Systematics operations. |
| 2006 | Acquisition of Certegy | Fidelity National Financial acquired Certegy, a major payment processing company, significantly expanding its capabilities in transaction processing and related services. |
| 2006 | Rebranding as Fidelity National Information Services (FIS) | Following the acquisition of Certegy, the company was rebranded as Fidelity National Information Services (FIS) to reflect its broader range of services. |
| 2009 | Acquisition of Metavante Technologies | FIS acquired Metavante Technologies in a landmark deal valued at approximately $2.95 billion, further solidifying its position as a leader in financial technology. |
| 2015 | Continued Global Expansion | FIS expanded its global presence through strategic acquisitions and partnerships, enhancing its ability to serve clients worldwide. |
| 2019 | Acquisition of Worldpay | FIS acquired Worldpay for approximately $43 billion, a major move to enhance its payment processing capabilities and global reach. |
| 2023 | Sale of Majority Stake in Worldpay | FIS announced the sale of a 55% stake in Worldpay to private equity firms GTCR for $17.5 billion, refocusing its strategy on core banking and financial technology solutions. |
Transformative Moments
- Acquisition of Certegy (2006): This acquisition significantly broadened FIS's payment processing capabilities, transforming it into a more diversified financial technology provider.
- Acquisition of Metavante Technologies (2009): The merger with Metavante expanded FIS’s service offerings and client base, reinforcing its market leadership.
- Acquisition of Worldpay (2019): The acquisition of Worldpay was a transformative step, making FIS a global leader in payment processing and merchant solutions. This move allowed FIS to offer end-to-end solutions, from banking to payments, enhancing its competitive position and market reach.
- Sale of Majority Stake in Worldpay (2023): The decision to sell a majority stake in Worldpay marked a strategic shift for FIS, allowing it to concentrate on its core banking and enterprise solutions. This move was aimed at streamlining operations and improving financial performance.
To gain more insights into the financial stability and strategic decisions of Fidelity National Information Services, Inc. (FIS), consider exploring: Breaking Down Fidelity National Information Services, Inc. (FIS) Financial Health: Key Insights for Investors
Fidelity National Information Services, Inc. (FIS) Ownership Structure
Fidelity National Information Services, Inc. (FIS) operates as a public company, meaning its ownership is distributed among shareholders who can trade company stock on public exchanges.
FIS Current Status
FIS is a publicly traded company. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol FIS. As a publicly-held entity, FIS is subject to regulatory oversight and reporting requirements, including the filing of annual and quarterly reports with the Securities and Exchange Commission (SEC).
FIS Ownership Breakdown
Institutional investors, mutual funds, and individual shareholders primarily constitute the ownership of FIS. These entities and individuals invest in FIS stock, thereby owning a portion of the company.
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 88.81% | Includes major investment firms like Vanguard Group, BlackRock Fund Advisors, and State Street Corporation. |
| Individual Investors | ~10% | Comprises retail investors who hold shares either directly or through brokerage accounts. |
| Mutual Fund Holders | ~1% | Represented by various mutual funds that include FIS in their portfolios. |
FIS Leadership
The leadership team is instrumental in setting the strategic direction and overseeing the operations of FIS. As of April 2025, the key figures at the helm include:
- Stephanie Ferris: Serves as the Chief Executive Officer (CEO) and President.
- James (Jim) Kehoe: Holds the position of Chief Financial Officer (CFO).
- Erik Hoag: Functions as the Chief Accounting Officer.
For more insights into the company's goals, read about the Mission Statement, Vision, & Core Values of Fidelity National Information Services, Inc. (FIS).
Fidelity National Information Services, Inc. (FIS) Mission and Values
The company's mission is centered around advancing the way the world pays, banks, and invests, while its core values emphasize integrity, collaboration, innovation, and a commitment to clients.
FIS Core Purpose
Official mission statement
FIS's mission statement is to advance the way the world pays, banks and invests. This encompasses a broad commitment to:
- Driving commerce by enabling secure and efficient payment solutions.
- Empowering financial institutions with innovative banking technologies.
- Facilitating investment and wealth management through advanced platforms.
As of the 2024 fiscal year, the company demonstrates its commitment to this mission through strategic investments in technology and partnerships aimed at expanding its global reach and enhancing its service offerings.
Vision statement
While a specific, formally declared vision statement may not be explicitly publicized, the company's strategic direction and long-term goals imply a vision to:
- Be the world leader in financial technology, payments and banking solutions.
- Transform the financial experience to empower banks and businesses worldwide.
- Drive digital transformation and innovation in the financial services industry.
This vision is supported by the company's financial performance in 2024, with a focus on growing its recurring revenue base and expanding its presence in key international markets.
Company slogan/tagline
The company's current official slogan or tagline is not explicitly available, but historically, the company has used messaging that emphasizes partnership and reliability. Potential taglines that reflect the company's current mission and vision could include:
- 'Powering the Future of Finance.'
- 'Your Partner in Payments, Banking, and Investments.'
- 'Innovating Financial Solutions, Globally.'
These potential taglines align with the company's focus on innovation and global reach, as evidenced by its 2024 initiatives to enhance its digital payment platforms and expand its services to new regions.
To gain a deeper understanding of the investors and motivations behind investment decisions related to the company, explore Exploring Fidelity National Information Services, Inc. (FIS) Investor Profile: Who’s Buying and Why?
Fidelity National Information Services, Inc. (FIS) How It Works
Fidelity National Information Services (FIS) operates by providing a wide array of technology solutions for merchants, banks, and capital markets firms globally, facilitating digital payments, banking solutions, and wealth and retirement services.
FIS's Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Merchant Solutions | Retailers, restaurants, e-commerce businesses | Payment processing (credit, debit, mobile), fraud management, data analytics, point-of-sale (POS) systems. |
| Banking Solutions | Community banks, regional banks, credit unions, large financial institutions | Core banking platforms, digital banking, lending solutions, regulatory compliance tools, fraud prevention. |
| Capital Market Solutions | Investment banks, hedge funds, asset managers | Trading platforms, risk management tools, post-trade processing, securities finance, collateral management. |
| Digital Payments and Banking | Financial Institutions, Businesses, Consumers | Mobile banking, digital wallets, real-time payments, card management, fraud prevention. |
| Wealth and Retirement Solutions | Wealth management firms, retirement plan providers, insurance companies | Investment management platforms, retirement record-keeping, financial planning tools, compliance support. |
FIS's Operational Framework
- Technology Infrastructure: FIS relies on robust and secure technology infrastructure, including data centers and cloud-based services, to ensure reliable and scalable service delivery.
- Global Network: With a presence in numerous countries, FIS operates a global network that supports international transactions and regulatory compliance.
- Partnerships: FIS strategically partners with other technology providers, financial institutions, and industry organizations to enhance its service offerings and expand its market reach.
- Data Analytics: FIS leverages data analytics to provide insights to its clients, helping them make informed decisions, improve operational efficiency, and enhance customer experiences.
FIS's Strategic Advantages
- Scale and Scope: FIS benefits from its large scale and broad scope of services, allowing it to serve a wide range of clients and capitalize on economies of scale.
- Integrated Solutions: FIS offers integrated solutions that combine multiple products and services, providing clients with a comprehensive and seamless experience.
- Deep Industry Expertise: FIS has deep industry expertise, with professionals who understand the specific needs and challenges of the financial services industry.
- Innovation: FIS invests in innovation to develop new products and services that meet the evolving needs of its clients and the changing market landscape.
- Strong Client Relationships: FIS focuses on building strong, long-term relationships with its clients, providing them with personalized service and support.
More insights about FIS can be found here: Mission Statement, Vision, & Core Values of Fidelity National Information Services, Inc. (FIS).
Fidelity National Information Services, Inc. (FIS) How It Makes Money
Fidelity National Information Services (FIS) primarily generates revenue by providing technology solutions and processing services to financial institutions and businesses globally.
FIS Revenue Breakdown
While specific percentage breakdowns can fluctuate yearly, the following table represents a generalized view of FIS's revenue streams based on available information and industry understanding.
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Merchant Solutions | ~40% | Increasing |
| Banking Solutions | ~35% | Stable |
| Capital Market Solutions | ~25% | Stable |
FIS Business Economics
FIS's business economics are driven by several key factors:
- Scale: FIS benefits from its large scale of operations, allowing it to spread costs across a vast customer base.
- Recurring Revenue: A significant portion of FIS's revenue is recurring, derived from long-term contracts and ongoing service agreements.
- Technology Investments: Continuous investment in technology and innovation is crucial for maintaining a competitive edge and meeting evolving customer needs.
- Global Reach: FIS's global presence enables it to serve multinational corporations and capitalize on growth opportunities in different markets.
FIS Financial Performance
Key aspects of FIS's financial performance include:
- In the 2024 fiscal year, FIS reported revenue of $14.67 billion.
- Adjusted net earnings attributable to common stockholders was $2.4 billion, and adjusted earnings per share was $4.47.
- Free cash flow was $2.2 billion, demonstrating the company's ability to generate cash.
- Exploring Fidelity National Information Services, Inc. (FIS) Investor Profile: Who’s Buying and Why?
Fidelity National Information Services, Inc. (FIS) Market Position & Future Outlook
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