Recent News
On September 30, 2025 UBS upgraded FIS to a Buy and set a price target near $82.00; Keefe, Bruyette & Woods maintained an Outperform on October 1, 2025 while trimming its target to $85.00. Several outlets reported analyst coverage changes and target adjustments across late September and early October 2025.
Technical Analysis
ADX / DI+ / DI-: ADX at 19.17 indicates no established trend, reducing conviction for directional moves. DI+ sits at 25.24 with a peak-and-reversal reading, which reads as bearish; DI- at 22.02 shows a dip-and-reversal, reinforcing the bearish directional signal. Together, directional indicators favor near-term downside pressure relative to current valuation levels.
MACD: MACD equals -$0.38 with a peak-and-reversal trend, indicating bearish momentum; despite that, MACD currently sits above its signal line (-$0.63), which produces a short-lived bullish cross signal. The opposing signals imply momentum exhaustion with potential for volatility around the present price.
MRO: MRO at -18.55 shows price below WMDST’s target framework, implying mean reversion potential that could push price higher relative to target; the MRO trend registers a peak-and-reversal, signaling that prior momentum toward targets weakened and short-term movement may remain choppy.
RSI: RSI at 42.37 with a peak-and-reversal trend indicates loss of bullish momentum and room to drift lower before reaching oversold thresholds; this aligns with directional indicators suggesting downward bias.
Price Versus Averages & Bands: Last close $65.81 sits below the 20-day ($67.00), 50-day ($67.83), and 200-day ($74.16) averages, a configuration that biases price action toward the downside versus longer-term levels. Price traded marginally below the 1x Bollinger lower band ($65.95), suggesting short-term weakness with compressed volatility (20-day stdev $1.06). Ichimoku components (Senkou A $71.87 / Senkou B $74.73) place price beneath the cloud, reinforcing near-term bearish placement relative to longer-term support/resistance bands.
Volatility & Volume: 42-day beta 0.79 and 52-week beta 0.61 indicate below-market volatility; 10-day average volume (3,175,884) closely matches recent daily print (3,215,345), implying current moves occur on average activity rather than stretched volume surges.
Fundamental Analysis
Profitability: EBIT margin equals 9.52%, contracting QoQ by -22.26% and YoY by -35.10%. Operating margin stands at 15.60% with QoQ improvement of 27.39% and YoY improvement of 6.35%, pointing to operational leverage in core activities but material compression at the EBIT line versus peers; the company’s EBIT margin sits well below the industry peer mean (52.07%) and median (62.64%), indicating margin underperformance relative to those benchmarks.
Earnings & Cash: GAAP EPS reported $1.36 versus an estimate of $1.36, producing an EPS surprise of 0.09%. Net income registered a loss of $470,000,000 while operating income totaled $408,000,000. Free cash flow reached $372,000,000, yielding a free-cash-flow yield of 0.90% and free-cash-flow growth of 66.07% on the provided scale; operating cash flow equaled $590,000,000. Cash conversion metrics show strain: cash conversion ratio -84.99% and cash flow margin -1.95%.
Balance Sheet & Leverage: Total debt $12,972,000,000 with net debt $12,324,000,000 and debt-to-EBITDA roughly 17.79x. Debt-to-equity near 0.92x and debt-to-assets 38.87% indicate meaningful leverage on the balance sheet. Interest coverage at 2.26x contracted QoQ and YoY, reflecting elevated interest burden relative to operating earnings.
Growth & Efficiency: Revenue totaled $2,616,000,000 with revenue growth at 3.32% and revenue growth YoY listed at 271.97%; asset turnover low at 0.079 with modest QoQ and YoY upticks. Return on equity -3.32% and return on assets -1.42% remain negative, while earnings growth on the provided basis sits at 12.40% (note QoQ and YoY earnings growth figures display contraction patterns).
Valuation: Price-to-earnings equals 58.41x with forward PE about 54.83x; enterprise multiple reads 73.92x and EV/Revenue ratio about 20.60. Book value per share $27.12 and price targets range widely (mean $59.63, low $42.73, high $97.39). The current valuation as determined by WMDST classifies the stock as under-valued, framed by positive free-cash-flow generation but offset by elevated leverage and compressed EBIT margins versus the industry peer mean and median.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 805.0 M |
| Operating Cash Flow | $ 590.0 M | |
| Capital Expenditures | $ -218.00 M | |
| Change In Working Capital | $ -336.00 M | |
| Dividends Paid | $ -212.00 M | |
| Cash Flow Delta | $ -224.00 M | |
| End Period Cash Flow | $ 581.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.6 B | |
| Forward Revenue | $ -1.04 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.7 B | |
| Depreciation | $ 480.0 M | |
| Depreciation and Amortization | $ 480.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 952.0 M | |
| EBITDA | $ 729.0 M | |
| EBIT | $ 249.0 M | |
| Operating Income | $ 408.0 M | |
| Interest Income | — | |
| Interest Expense | $ 110.0 M | |
| Net Interest Income | $ -110.00 M | |
| Income Before Tax | $ 139.0 M | |
| Tax Provision | $ 10.0 M | |
| Tax Rate | 7.194 % | |
| Net Income | $ -470.00 M | |
| Net Income From Continuing Operations | $ -470.00 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.36 | |
| EPS Actual | $ 1.36 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 0.09 % | |
| Forward EPS | $ 1.43 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 33.4 B | |
| Intangible Assets | $ 21.4 B | |
| Net Tangible Assets | $ -7.22 B | |
| Total Current Assets | $ 4.4 B | |
| Cash and Short-Term Investments | $ 581.0 M | |
| Cash | $ 581.0 M | |
| Net Receivables | $ 2.1 B | |
| Inventory | — | |
| Long-Term Investments | $ 1.8 B | |
| LIABILITIES | ||
| Accounts Payable | $ 270.0 M | |
| Short-Term Debt | $ 4.0 B | |
| Total Current Liabilities | $ 7.4 B | |
| Net Debt | $ 12.3 B | |
| Total Debt | $ 13.0 B | |
| Total Liabilities | $ 19.2 B | |
| EQUITY | ||
| Total Equity | $ 14.2 B | |
| Retained Earnings | $ -23.07 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 27.12 | |
| Shares Outstanding | 522.395 M | |
| Revenue Per-Share | $ 5.01 | |
| VALUATION | Market Capitalization | $ 41.5 B |
| Enterprise Value | $ 53.9 B | |
| Enterprise Multiple | 73.921 | |
| Enterprise Multiple QoQ | 11.337 % | |
| Enterprise Multiple YoY | 51.727 % | |
| Enterprise Multiple IPRWA | high: 101.924 median: 101.924 mean: 90.865 FIS: 73.921 low: -9.204 |
|
| EV/R | 20.6 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.356 | |
| Asset To Liability | 1.738 | |
| Debt To Capital | 0.478 | |
| Debt To Assets | 0.389 | |
| Debt To Assets QoQ | 5.611 % | |
| Debt To Assets YoY | 2226.152 % | |
| Debt To Assets IPRWA | high: 0.66 FIS: 0.389 mean: 0.256 median: 0.251 low: 0.003 |
|
| Debt To Equity | 0.916 | |
| Debt To Equity QoQ | 14.108 % | |
| Debt To Equity YoY | 2598.438 % | |
| Debt To Equity IPRWA | high: 1.918 FIS: 0.916 mean: 0.838 median: 0.665 low: 0.009 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.929 | |
| Price To Book QoQ | 11.487 % | |
| Price To Book YoY | 23.719 % | |
| Price To Book IPRWA | high: 24.006 median: 17.882 mean: 16.094 FIS: 2.929 low: -4.235 |
|
| Price To Earnings (P/E) | 58.41 | |
| Price To Earnings QoQ | -6.066 % | |
| Price To Earnings YoY | 8.125 % | |
| Price To Earnings IPRWA | high: 135.569 median: 117.995 mean: 111.412 FIS: 58.41 low: -7.875 |
|
| PE/G Ratio | 4.712 | |
| Price To Sales (P/S) | 15.863 | |
| Price To Sales QoQ | 1.489 % | |
| Price To Sales YoY | -2.11 % | |
| Price To Sales IPRWA | high: 24.115 mean: 18.256 FIS: 15.863 median: 15.044 low: 0.147 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 54.832 | |
| Forward PE/G | 4.423 | |
| Forward P/S | -39.992 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -5.931 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.079 | |
| Asset Turnover Ratio QoQ | 3.96 % | |
| Asset Turnover Ratio YoY | 11.863 % | |
| Asset Turnover Ratio IPRWA | high: 0.245 median: 0.105 mean: 0.104 FIS: 0.079 low: 0.026 |
|
| Receivables Turnover | 1.31 | |
| Receivables Turnover Ratio QoQ | -1.829 % | |
| Receivables Turnover Ratio YoY | -11.603 % | |
| Receivables Turnover Ratio IPRWA | high: 34.98 median: 3.608 mean: 3.043 FIS: 1.31 low: 0.171 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 69.676 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -0.85 | |
| CapEx To Revenue | -0.083 | |
| CapEx To Depreciation | -0.454 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 23.0 B | |
| Net Invested Capital | $ 27.1 B | |
| Invested Capital | $ 27.1 B | |
| Net Tangible Assets | $ -7.22 B | |
| Net Working Capital | $ -3.08 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.078 | |
| Current Ratio | 0.587 | |
| Current Ratio QoQ | -7.481 % | |
| Current Ratio YoY | -56.47 % | |
| Current Ratio IPRWA | high: 1.462 median: 1.115 mean: 1.096 low: 0.872 FIS: 0.587 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 17.794 | |
| Cost Of Debt | 0.815 % | |
| Interest Coverage Ratio | 2.264 | |
| Interest Coverage Ratio QoQ | -41.583 % | |
| Interest Coverage Ratio YoY | -73.332 % | |
| Interest Coverage Ratio IPRWA | high: 16.822 median: 11.472 mean: 8.81 FIS: 2.264 low: -0.912 |
|
| Operating Cash Flow Ratio | -0.007 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.31 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -2.217 | |
| Dividend Payout Ratio | -0.451 | |
| Dividend Rate | $ 0.41 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.62 % | |
| Revenue Growth | 3.318 % | |
| Revenue Growth QoQ | -228.704 % | |
| Revenue Growth YoY | 271.973 % | |
| Revenue Growth IPRWA | high: 18.315 % median: 6.025 % mean: 4.161 % FIS: 3.318 % low: -46.239 % |
|
| Earnings Growth | 12.397 % | |
| Earnings Growth QoQ | -191.349 % | |
| Earnings Growth YoY | -47.55 % | |
| Earnings Growth IPRWA | high: 126.549 % FIS: 12.397 % median: 7.971 % mean: 6.24 % low: -60.0 % |
|
| MARGINS | ||
| Gross Margin | 36.391 % | |
| Gross Margin QoQ | 4.825 % | |
| Gross Margin YoY | -4.756 % | |
| Gross Margin IPRWA | high: 80.604 % median: 80.604 % mean: 72.333 % FIS: 36.391 % low: 2.909 % |
|
| EBIT Margin | 9.518 % | |
| EBIT Margin QoQ | -22.258 % | |
| EBIT Margin YoY | -35.097 % | |
| EBIT Margin IPRWA | high: 62.643 % median: 62.643 % mean: 52.065 % FIS: 9.518 % low: -3.199 % |
|
| Return On Sales (ROS) | 15.596 % | |
| Return On Sales QoQ | 27.387 % | |
| Return On Sales YoY | 6.348 % | |
| Return On Sales IPRWA | high: 66.772 % median: 66.772 % mean: 54.66 % FIS: 15.596 % low: -13.969 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 372.0 M | |
| Free Cash Flow Yield | 0.896 % | |
| Free Cash Flow Yield QoQ | 58.304 % | |
| Free Cash Flow Yield YoY | -0.444 % | |
| Free Cash Flow Yield IPRWA | high: 6.257 % mean: 1.136 % median: 0.934 % FIS: 0.896 % low: 0.582 % |
|
| Free Cash Growth | 66.071 % | |
| Free Cash Growth QoQ | -206.07 % | |
| Free Cash Growth YoY | -99.264 % | |
| Free Cash Growth IPRWA | high: 278.914 % FIS: 66.071 % mean: 58.94 % median: 44.437 % low: -143.503 % |
|
| Free Cash To Net Income | -0.791 | |
| Cash Flow Margin | -1.95 % | |
| Cash Flow To Earnings | 0.109 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -1.42 % | |
| Return On Assets QoQ | -714.719 % | |
| Return On Assets YoY | -305.797 % | |
| Return On Assets IPRWA | high: 5.467 % median: 5.467 % mean: 4.387 % low: 0.249 % FIS: -1.42 % |
|
| Return On Capital Employed (ROCE) | 0.96 % | |
| Return On Equity (ROE) | -0.033 | |
| Return On Equity QoQ | -749.119 % | |
| Return On Equity YoY | -332.609 % | |
| Return On Equity IPRWA | high: 0.204 median: 0.14 mean: 0.128 FIS: -0.033 low: -0.074 |
|
| DuPont ROE | -3.216 % | |
| Return On Invested Capital (ROIC) | 0.854 % | |
| Return On Invested Capital QoQ | 15.25 % | |
| Return On Invested Capital YoY | -105.047 % | |
| Return On Invested Capital IPRWA | high: 12.347 % median: 8.429 % mean: 7.399 % FIS: 0.854 % low: -0.054 % |
|