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Segment Information (Tables) | 9 Months Ended
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Sep. 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 |  | Nine months ended
|  | September 30, |  | September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Acquisition and integration |  | $ | 33 |  |  | $ | 22 |  |  | $ | 84 |  |  | $ | 70 |
Enterprise transformation, including Future Forward and platform modernization |  | 46 |  |  | 76 |  |  | 102 |  |  | 205 |
Severance and other termination expenses (1) |  | 99 |  |  | 7 |  |  | 205 |  |  | 34 |
Separation of the Worldpay Merchant Solutions business |  | 11 |  |  | 9 |  |  | 53 |  |  | 119 |
Incremental stock compensation directly attributable to specific programs |  | 3 |  |  | 20 |  |  | 27 |  |  | 46 |
Other, including divestiture-related expenses and enterprise cost control and other initiatives |  | 5 |  |  | 3 |  |  | 32 |  |  | 7 |
Total |  | $ | 197 |  |  | $ | 137 |  |  | $ | 503 |  |  | $ | 481 |
(1)During the three and nine months ended September 30, 2025, the Company incurred severance and related termination benefit costs totaling $99 million and $205 million, respectively, related to its enterprise-wide cost savings initiatives and made corresponding cash payments of $64 million and $142 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 fourth quarter 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 September 30, 2025 (in millions):
|  |  | Capital |  |  |  |  |  |
| Banking |  | Market |  | Corporate |  |  |  |
| Solutions |  | Solutions |  | and Other |  | Total |  |
Revenue | $ | 1,894 |  |  | $ | 783 |  |  | $ | 40 |  |  | $ | 2,717 |  |  |
Direct cost of revenue | (313) |  |  | (45) |  |  | 4 |  |  | (354) |  |  |
Net personnel costs | (433) |  |  | (204) |  |  | (278) |  |  | (915) |  |  |
Infrastructure costs | (71) |  |  | (30) |  |  | (153) |  |  | (254) |  |  |
Allocated costs | (174) |  |  | (101) |  |  | 275 |  |  | — |  |  |
Other costs | (35) |  |  | (7) |  |  | (17) |  |  | (59) |  |  |
Adjusted EBITDA | $ | 868 |  |  | $ | 396 |  |  | $ | (129) |  |  | $ | 1,135 |  |  |
Adjusted EBITDA |  |  |  |  |  |  | $ | 1,135 |  |  |
Depreciation and amortization |  |  |  |  |  |  | (302) |  |  |
Purchase accounting amortization |  |  |  |  |  |  | (177) |  |  |
Acquisition, integration and other costs |  |  |  |  |  |  | (197) |  |  |
Asset impairments |  |  |  |  |  |  | (2) |  |  |
Interest expense, net |  |  |  |  |  |  | (90) |  |  |
Other income (expense), net |  |  |  |  |  |  | 8 |  |  |
(Provision) benefit for income taxes |  |  |  |  |  |  | (87) |  |  |
Equity method investment earnings (loss), net of tax |  |  |  |  |  |  | (23) |  |  |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | (1) |  |  |
Net earnings (loss) attributable to FIS |  |  |  |  |  |  | $ | 264 |  |  |
Capital expenditures (1) | $ | 148 |  |  | $ | 102 |  |  | $ | 8 |  |  | $ | 258 |  |  |
Depreciation and amortization (including purchase accounting amortization) | $ | 174 |  |  | $ | 101 |  |  | $ | 204 |  |  | $ | 479 |  |  |
(1) Capital expenditures include $44 million of certain hardware and software purchases subject to financing or other long-term payment arrangements. For the three months ended September 30, 2024 (in millions):
|  |  | Capital |  |  |  |  |  |
| Banking |  | Market |  | Corporate |  |  |  |
| Solutions |  | Solutions |  | and Other |  | Total |  |
Revenue | $ | 1,779 |  |  | $ | 730 |  |  | $ | 61 |  |  | $ | 2,570 |  |  |
Direct cost of revenue | (250) |  |  | (42) |  |  | (20) |  |  | (312) |  |  |
Net personnel costs | (468) |  |  | (231) |  |  | (224) |  |  | (923) |  |  |
Infrastructure costs | (51) |  |  | (23) |  |  | (154) |  |  | (228) |  |  |
Allocated costs | (137) |  |  | (59) |  |  | 196 |  |  | — |  |  |
Other costs | (69) |  |  | (11) |  |  | 33 |  |  | (47) |  |  |
Adjusted EBITDA | $ | 804 |  |  | $ | 364 |  |  | $ | (108) |  |  | $ | 1,060 |  |  |
Adjusted EBITDA |  |  |  |  |  |  | $ | 1,060 |  |  |
Depreciation and amortization |  |  |  |  |  |  | (263) |  |  |
Purchase accounting amortization |  |  |  |  |  |  | (168) |  |  |
Acquisition, integration and other costs |  |  |  |  |  |  | (137) |  |  |
Asset impairments |  |  |  |  |  |  | (2) |  |  |
Interest expense, net |  |  |  |  |  |  | (64) |  |  |
Other income (expense), net |  |  |  |  |  |  | (38) |  |  |
(Provision) benefit for income taxes |  |  |  |  |  |  | (108) |  |  |
Equity method investment earnings (loss) |  |  |  |  |  |  | (33) |  |  |
Net earnings (loss) from discontinued operations, net of tax |  |  |  |  |  |  | (22) |  |  |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | (1) |  |  |
Net earnings attributable to FIS |  |  |  |  |  |  | $ | 224 |  |  |
Capital expenditures | $ | 152 |  |  | $ | 80 |  |  | $ | 11 |  |  | $ | 243 |  |  |
Depreciation and amortization (including purchase accounting amortization) | $ | 159 |  |  | $ | 93 |  |  | $ | 179 |  |  | $ | 431 |  |  |
For the nine months ended September 30, 2025 (in millions):
|  |  | Capital |  |  |  |  |  |
| Banking |  | Market |  | Corporate |  |  |  |
| Solutions |  | Solutions |  | and Other |  | Total |  |
Revenue | $ | 5,420 |  |  | $ | 2,313 |  |  | $ | 132 |  |  | $ | 7,865 |  |  |
Direct cost of revenue | (880) |  |  | (134) |  |  | (11) |  |  | (1,025) |  |  |
Net personnel costs | (1,329) |  |  | (616) |  |  | (845) |  |  | (2,790) |  |  |
Infrastructure costs | (199) |  |  | (81) |  |  | (449) |  |  | (729) |  |  |
Allocated costs | (538) |  |  | (305) |  |  | 843 |  |  | — |  |  |
Other costs | (129) |  |  | (27) |  |  | (31) |  |  | (187) |  |  |
Adjusted EBITDA | $ | 2,345 |  |  | $ | 1,150 |  |  | $ | (361) |  |  | $ | 3,134 |  |  |
Adjusted EBITDA |  |  |  |  |  |  | $ | 3,134 |  |  |
Depreciation and amortization |  |  |  |  |  |  | (898) |  |  |
Purchase accounting amortization |  |  |  |  |  |  | (517) |  |  |
Acquisition, integration and other costs |  |  |  |  |  |  | (503) |  |  |
Asset impairments |  |  |  |  |  |  | (4) |  |  |
Interest expense, net |  |  |  |  |  |  | (279) |  |  |
Other income (expense), net |  |  |  |  |  |  | (188) |  |  |
(Provision) benefit for income taxes |  |  |  |  |  |  | (179) |  |  |
Equity method investment earnings (loss), net of tax |  |  |  |  |  |  | (692) |  |  |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | (2) |  |  |
Net earnings (loss) attributable to FIS common stockholders |  |  |  |  |  |  | $ | (128) |  |  |
Capital expenditures (1) | $ | 487 |  |  | $ | 299 |  |  | $ | 20 |  |  | $ | 806 |  |  |
Depreciation and amortization (including purchase accounting amortization) | $ | 510 |  |  | $ | 307 |  |  | $ | 598 |  |  | $ | 1,415 |  |  |
(1) Capital expenditures include $141 million of certain hardware and software purchases subject to financing or other long-term payment arrangements. For the nine months ended September 30, 2024 (in millions):
|  |  | Capital |  |  |  |  |  |
| Banking |  | Market |  | Corporate |  |  |  |
| Solutions |  | Solutions |  | and Other |  | Total |  |
Revenue | $ | 5,174 |  |  | $ | 2,158 |  |  | $ | 196 |  |  | $ | 7,528 |  |  |
Direct cost of revenue | (766) |  |  | (126) |  |  | (46) |  |  | (938) |  |  |
Net personnel costs | (1,389) |  |  | (684) |  |  | (677) |  |  | (2,750) |  |  |
Infrastructure costs | (190) |  |  | (64) |  |  | (426) |  |  | (680) |  |  |
Allocated costs | (419) |  |  | (179) |  |  | 598 |  |  | — |  |  |
Other costs | (109) |  |  | (39) |  |  | 9 |  |  | (139) |  |  |
Adjusted EBITDA | $ | 2,301 |  |  | $ | 1,066 |  |  | $ | (346) |  |  | $ | 3,021 |  |  |
Adjusted EBITDA |  |  |  |  |  |  | $ | 3,021 |  |  |
Depreciation and amortization |  |  |  |  |  |  | (789) |  |  |
Purchase accounting amortization |  |  |  |  |  |  | (502) |  |  |
Acquisition, integration and other costs |  |  |  |  |  |  | (481) |  |  |
Asset impairments |  |  |  |  |  |  | (20) |  |  |
Indirect Worldpay business support costs |  |  |  |  |  |  | (14) |  |  |
Interest expense, net |  |  |  |  |  |  | (184) |  |  |
Other income (expense), net |  |  |  |  |  |  | (222) |  |  |
(Provision) benefit for income taxes |  |  |  |  |  |  | (215) |  |  |
Equity method investment earnings (loss), net of tax |  |  |  |  |  |  | (110) |  |  |
Net earnings (loss) from discontinued operations, net of tax |  |  |  |  |  |  | 687 |  |  |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | (2) |  |  |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 1,169 |  |  |
Capital expenditures | $ | 379 |  |  | $ | 226 |  |  | $ | 24 |  |  | $ | 629 |  |  |
Depreciation and amortization (including purchase accounting amortization) | $ | 480 |  |  | $ | 292 |  |  | $ | 519 |  |  | $ | 1,291 |  |  |

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