XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.2

Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Business Combination

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions):

						Three months ended												Six months ended
						June 30,												June 30,
						2025						2024						2025						2024
Acquisition and integration						$	43					$	24					$	51					$	49
Enterprise transformation, including Future Forward and platform modernization						10						56						56						129
Severance and other termination expenses (1)						46						9						105						27
Separation of the Worldpay Merchant Solutions business						21						80						42						109
Incremental stock compensation directly attributable to specific programs						14						15						24						26
Other, including divestiture-related expenses and enterprise cost control and other initiatives						18						2						28						4
Total						$	152					$	186					$	306					$	344

(1)During the three and six months ended June 30, 2025, the Company incurred severance and related termination benefit costs totaling $46 million and $105 million, respectively, related to its enterprise-wide cost savings initiatives and made corresponding cash payments of $38 million and $78 million, respectively. These amounts are included in Selling, general, and administrative expenses in the consolidated statements of earnings (loss). These costs are accounted for in accordance with ASC 712, Compensation–Nonretirement Postemployment Benefits. The Company continues to evaluate its organizational structure and expects to incur additional severance costs in the second half of 2025.

Schedule of Financial Information for the Company's Segments

Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

For the three months ended June 30, 2025 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,808					$	765					$	43					$	2,616
Direct cost of revenue			(289)						(45)						(7)						(341)
Net personnel costs			(442)						(203)						(273)						(918)
Infrastructure costs			(65)						(27)						(148)						(240)
Allocated costs			(172)						(98)						270						—
Other costs			(51)						(7)						(18)						(76)
Adjusted EBITDA			$	789					$	385					$	(133)					$	1,041
Adjusted EBITDA																					$	1,041
Depreciation and amortization																					(309)
Purchase accounting amortization																					(172)
Acquisition, integration and other costs																					(152)
Interest expense, net																					(110)
Other income (expense), net																					(159)
(Provision) benefit for income taxes																					(10)
Equity method investment earnings (loss), net of tax																					(598)
Net earnings attributable to noncontrolling interest																					(1)
Net earnings (loss) attributable to FIS																					$	(470)
Capital expenditures (1)			$	149					$	84					$	5					$	238
Depreciation and amortization (including purchase accounting amortization)			$	170					$	104					$	207					$	481

(1) Capital expenditures include $20 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.

For the three months ended June 30, 2024 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,711					$	722					$	57					$	2,490
Direct cost of revenue			(268)						(41)						(3)						(312)
Net personnel costs			(457)						(220)						(229)						(906)
Infrastructure costs			(71)						(22)						(139)						(232)
Allocated costs			(137)						(59)						196						—
Other costs			(20)						(13)						(15)						(48)
Adjusted EBITDA			$	758					$	367					$	(133)					$	992
Adjusted EBITDA																					$	992
Depreciation and amortization																					(263)
Purchase accounting amortization																					(168)
Acquisition, integration and other costs																					(186)
Asset impairments																					(4)
Interest expense, net																					(43)
Other income (expense), net																					(13)
(Provision) benefit for income taxes																					(87)
Equity method investment earnings (loss)																					10
Net earnings (loss) from discontinued operations, net of tax																					1
Net earnings attributable to noncontrolling interest																					(1)
Net earnings attributable to FIS																					$	238
Capital expenditures			$	109					$	70					$	4					$	183
Depreciation and amortization (including purchase accounting amortization)			$	161					$	97					$	173					$	431

For the six months ended June 30, 2025 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	3,526					$	1,529					$	93					$	5,148
Direct cost of revenue			(567)						(89)						(15)						(671)
Net personnel costs			(896)						(413)						(566)						(1,875)
Infrastructure costs			(128)						(52)						(296)						(476)
Allocated costs			(363)						(205)						568						—
Other costs			(95)						(16)						(16)						(127)
Adjusted EBITDA			$	1,477					$	754					$	(232)					$	1,999
Adjusted EBITDA																					$	1,999
Depreciation and amortization																					(596)
Purchase accounting amortization																					(340)
Acquisition, integration and other costs																					(306)
Asset impairments																					(2)
Interest expense,net																					(190)
Other income (expense), net																					(195)
(Provision) benefit for income taxes																					(93)
Equity method investment earnings (loss), net of tax																					(669)
Net earnings attributable to noncontrolling interest																					(1)
Net earnings (loss) attributable to FIS common stockholders																					$	(393)
Capital expenditures (1)			$	339					$	197					$	12					$	548
Depreciation and amortization (including purchase accounting amortization)			$	336					$	206					$	394					$	936

(1) Capital expenditures include $97 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.

For the six months ended June 30, 2024 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	3,395					$	1,428					$	135					$	4,958
Direct cost of revenue			(516)						(84)						(26)						(626)
Net personnel costs			(921)						(453)						(455)						(1,829)
Infrastructure costs			(139)						(42)						(273)						(454)
Allocated costs			(282)						(120)						402						—
Other costs			(40)						(27)						(22)						(89)
Adjusted EBITDA			$	1,497					$	702					$	(239)					$	1,960
Adjusted EBITDA																					$	1,960
Depreciation and amortization																					(525)
Purchase accounting amortization																					(334)
Acquisition, integration and other costs																					(344)
Asset impairments																					(18)
Indirect Worldpay business support costs																					(14)
Interest expense, net																					(120)
Other income (expense), net																					(184)
(Provision) benefit for income taxes																					(108)
Equity method investment earnings (loss), net of tax																					(76)
Net earnings (loss) from discontinued operations, net of tax																					709
Net earnings attributable to noncontrolling interest																					(1)
Net earnings attributable to FIS common stockholders																					$	945
Capital expenditures			$	227					$	146					$	12					$	385
Depreciation and amortization (including purchase accounting amortization)			$	321					$	199					$	339					$	859

X

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration