On this page of StockholderLetter.com we present the latest annual shareholder letter from Fidelity National Information Services, Inc. — ticker symbol FIS. Reading current and past FIS letters to shareholders can bring important insights into the investment thesis.
01 1234 Report 6789 2024 Annual r 11 1 1
10000000000000 10000000000000 1000000000000 10000000000000 012345617 91 1462 4 13237 617617 3 2 31 613 31 Unlocking financial technology. Bringing the world's money into harmony.
F. S 4 " >6? @ A " Shareholders letter from the CEO & President 01 345 6785971 95 To Our Shareholders: woven Technology has become so intricately into our! modern " everyday " lives that it's # hard " to imagine ! " be able to manage ! it. $ % how we would without As Recognized for leadership B98CE1DE F G 9 H 1 5 9 8 9 5 7 F I consumers, have come to expect '( that the " is we world 14JF1E Finnovation EE1K8JF1E and solution at our! )fingertips, * ( & especially it comes to the all + when managing important ( * business ! of, our! )financial lives. Why we have wait should to ,for a check . to clear TIME money, to access our! & "drive to the brokerage WORLD'S office / to review our! (portfolio our with investment adviser, " & or contact an insurance BEST company ( to get an extended ,for warranty Newsweek COMPANIES the new refrigerator 0! bought? ! 1 we just statista 2024 I The answer is: 2 - shouldn't. are We We busy ! (people, ( & leading " busy ! lives. $ We want our! financial ) transactions to be as ,fast, convenient and " secure ! as (placing an online we order " or streaming a movie. $ If3, can't # get such ! convenient, & ,friction-free +, service from AWARDS bank, .& investment advisor, " & business whatever or merchant are "dealing go we with, we will somewhere else. $ It's 3 # as simple ( as that. Such 4! is the reality ,facing today's " # organizations. 5 $ you ! are a global bank, .& a multinational Whether corporation ( or an e-commerce + business ! looking . to take . your ! (product "! to new . & you ! need " to meet markets, where where want your ! customers they are, & not you them to be. $ 6Every (passing "day, & the bar of, customer winning expectations '( goes higher. $ The organizations 5 will be those that excel ' at unlocking ! . the (power of, technological innovation to bring ease, & simplicity ( and convenience to their customers ! at the (point of, need. MOST TRUSTWORTH COMPANIES IN AMERICA 2024 I statista tNBC WORLD'S TOP FINTECH COMPANIES 2024 mauls FOR INNOVATION & EXCELLENCE 2024 00 0000000 Report 7FIS34 Annual % ! 8 ( * 92024 :9; 1
0 23456 768 893 9 9 9 7 0 K9 L M 5 68 9 K6 N924 O976 6M M6 A brave new world of opportunity A holistic view of the global money lifecycle /! / % / $0 * ! $ " 11 2! ) /! $ (! $! -!& $ "#! - ! # / $ -- 3 " ! " $! "! 0 4 2 / $ "& "& ! & $ #$ &2" * "& "-! !&!" !& *! * "!& / $ 2 -- 2 ! $" #2 (! * "5 - 3"! ' *! ' $! / &6 #! +" " !( ! - ( &! ) "! ! "& - ' * 0 Today, we are 7 & 2) /! ! applying -- 2 "# leading-edge ! & "#5!&#! technologies generative like "! (! Al8 and "& advanced &( " !& data & analytics " 2 to $! - organizations # " . " of ' all shapes $ -! and "& sizes .! succeed help " a digital & # age. #!0 The 7$! fact ' is, ) the $! business "! of ' financial in !( ! is "no longer "#! the $! sole ! -province ( " ! of ' "% and services banks !& unions, " " ) investment "(! *!" management * " #!*!" firms +* and credit " ! 0 As 8 & # . " continues " " ! to the $! lines insurers. digitization blur the "!2 lifecycle, '! 2 !) all organizations # " . " need "!!& to across money " !# ! seamless ! * ! financial +" " experiences !!(! they $!2 integrate wherever touch $ and "& serve !(! customers. *! 0 For game, world those $ ! that $ succeed !!& in " this *!) the & truly 2 is their bank $! oyster. 2 !0 The 7$! digital & # arm * of ' a Canadian 9 " & " "% can raise deposits U.S. without - and "& !extend , !"& loans " in " the $! :0 0 / $ the "need !!& for ' brick-and-mortar %5 "&5* 3 branches. " $! 0 A8 New ;!/ York-based < %5 !& " #!*!" firm +* can " reach ! $ new "!/ Gen =!" >Z investment management *! around "& the & by 2 -providing ( & "# real-time ! 5 *! customers world "(! *!" options - " to online " "! gamers. # *! 0 A8 developer &!(! -! for investment fintech +" ! $ startup 3 - based !& in " Ireland ! "& can " access ! a critical a ' / ! component *- "!" developed &!(! -!& in " India "& from ' * a & software digital * %! - ! hosted $ !& in " Oregon. 4 !# "0 marketplace But while ! the $! opportunities -- 3 " ! for ' reaching ! $ "# and "& serving customers been *! $have (! "never !" #greater, ! !) so too are ! the obstacles. ! 0 As 8 more * ! and "& more * ! everyday !(!2& 2 tasks % and functions become *! digitized, & # .!&) today's & 26 organizations must barrage * fend '!"& off@ a constant #! of ' increasingly " ! "# 2 -$ !& cyberattacks 2 ! A % from & actors. 0 Fraud sophisticated bad a $huge #! and "& #growing / "# -problem. !*0 is 7$! unbundling " "& "# and "& !embedding * !&& "# of ' financial +" " tasks % $has The ! !& a - $/ % of ' nonstandard " " "& & global # regulations created patchwork "& systems 2 !* that "6 communicate, ** " !) creating and don't massive inefficiencies wanting business "!B !" ! for ' organizations " "# to do outside disharmonies &! their $! own /" borders. &! 0 These 7$! ! & $ * " ! are expected !,-! !& to drive & (! overall (! GDP =CD losses ! upward -/ & of ' $6.5 EF01 trillion " by 2 2030, GHIH) according & "# to 7The $! Economist J " * 0 # / $ -- 3 " ! " $! 2! $! &0 As 8 a fintech +" ! $ -provider ( &! that $ operates -! ! across the $! full spectrum -! * of ' money PQRST atVW rest, XSYWZ money PQRST in[R motion PQW[QR and VR\ money PQRST atVW work, ]QX^Z FIS brings "# a unique " _ ! and "& holistic -! (! to the $! complexities *- !, ! of ' the $! global "!2 perspective money '! 2 !0 Whether $! $! it's 6 managing * " # "# funds ' "& in " lifecycle. bank " and "& recordkeeping ! &%!!- "# ledgers, ( "# money * "!2 accounts moving $ #$ card & "networks ! / % and "& corporate - ! treasury ! 2 through 2 !* ) or - A "# * "!2 to % in " investment "(! *!" and systems, putting money work & "# accounts, " ) FIS technology ! $" #2 is at the $! $heart ! 3 of' the trading # economy. ! " *20 E$16aF trillion a " of ' financial +" " assets ! b global about 10% world's flows aHc of ' the &6 GDP' =CD b d / through $ #$ our systems 2 !* and "& technology ! $" #2 each ! $ year. 2! 0 FIS is all about creating these kinds of convenient, harmonious financial experiences for the organizations we work with. For more than 55 years, we have helped our clients navigate wave after wave of technological change to capture growth opportunities in their business. Our ability to withstand and lead through dynamic and unprecedented times combined with our ability to apply technology to solve mission-critical problems for our clients has made us the trusted partner of some of the world's largest financial services providers, businesses and platforms. G FIS Annual 8"" Report i!- 3 2024 GHGj 2 For FIS and our investors, all of this presents huge growth opportunities in the years ahead. g "!2 ! g "!2 " * " g "!2 / % In we have work bold, " recent ! !" years, 2! ) /! $ (! been !!" $hard & at / % on" a multiyear position * 2! "Future e ! Forward" / &f strategy !#2 to " FIS for ' a new "!/ era ! of ' accelerated ! ! !& #growth / $ and "& industry "& 2 leadership Moving ! &! $ - in " a rapidly - & 2 changing $ "# "# marketplace. * %! - !0 g into we " the $! third $ & year 2! of ' this $ transformation " ' * " effort, !@ 3) /! have $ (! made * &! tremendous !*!"& strides &! forward ' / & as a company *- "2 "& as a technology ! $" #2 partner - 3"! to our clients. !" 0 Among 8* "# our and *- $*!" ) we /! $have: (!h accomplishments, Money at rest . Money in motion . Money at work =CD *! !& 2 $! " !" " g "! 2 "& g aGDP as measuredby the International Monetary Fund (IMP) About klm no 10% qrs world's moft the ouv wm xyz{| GDP }~ flows mw| othrough uxmn u mournx |systems |ov | and z otechnology. v u mym
Y " # $% %&'7(% 6$)8*) ( 6$ ' $ +6)&5 )) , )$*&5- (. /575'&78 )$*&' ) &5%6)($0 1 ,$2 (. 3 $8%4) 87$- )( +755) 75% &5*)(2 5( 2757- $) ( (. )2788)( '$%&( 65&5) 1 7) 7 ($6)(% $*&% $ , (. &5%6)($04) 2 )( )'6$6 )'787+86 2&))&57'$&(&'78 ('.5 8-08 4) 7 , (.&) $,'6)&5- 9 6 3 ) 8% 7 27:$&(0 )(75 &5 6$ ,$2 $ # $8% 70 ; $'.75( 2 86(&5) 702 5() +6)&5 )) &5 5 , (. 87$- )( /5('. ;<4 ($75)7'(&5) &5 =828 .&)($08 # 75% # $8% 70 $27&5 )($5- 7 5 $) (.7( 3 $5 '8)80 (- (. $ ( 2 ( (. 5 %) , 6$ :&5( '8&5()8 Tightened our strategic focus on our core strengths. We rededicated ourselves to our core business of serving the financial services industry from the world's largest banks and investment managers to the smallest credit unions as a trusted provider of the industry's most secure, scalable, mission-critical technology. As part of this refocusing effort, we sold a majority stake in our former Worldpay Merchant Solutions payments business in one of the largest fintech M&A transactions in U.S. history. We and Worldpay remain strong partners that work closely together to meet the needs of our joint clients. > ? ? @ A B C B A C B " D0 8*$7-&5- 2 % $5 4-&8 ),(37$ % )&-5 $&5'&8) 75% '$7(&5- (&-.($ 78&-52 5( 72 5- 6$ $%6'( 75% 5-&5 $&5- (72)6 3 .7* 7'' 8$7(% 6$ $%6'( E03. 8 75% % *8 2 5( 5-&5 8 4) 7 $)68(6 3 7$ +$&5-&5- &55 *7(&* 5 3 $%6'() 75% ) 86(&5) ( 27$5( 2 $ F6&'580 3.&8 + &5- $' -5&G% +0 (. 8&5) , 1HI6 J7 5 $6 I 85(6 I.7 &) 75% (. K7'5L J$6 ,$ (. F678&(0 75% 87%&5-7%- ,65'(&578&(0 , 6$ ('.5 8-08 Redesigned how we design, develop and deliver products and solutions. By leveraging modern Agile software design principles and creating tighter alignment among our product and engineering teams we have accelerated our product flywheel and development engine. As a result, we are bringing innovative new products and solutions to market more quickly while being recognized by the likes of IDC, Gartner, Celent, Chartis and the Hackett Group for the quality and leading-edge functionality of our technology. Z _Expanded `abcded gourhi badjusted djhkled _EBITDA mnopq margin rb istc ubyv \64Z ubasis bktk apoints, gtclkw apaid btd ddown gxc y$8z ubillion t{{tgc tinc ddebt. eul| M NB C O B B " 4) 7 , 6$ ,'6) 5 +6&8%&5- 7 '68(6$ , ' 5(&56 6) P' 885' 3. $ 6$ '8&5() 7$ 7( (. ' 5($ , *$0(.&5- 3 % 6 3 .7* )($728&5 % (. $' ))) 3 6) -8+7880 ( )6 6$ '8&5()6 ,$2 '6)(2 $ 5+ 7$%&5- ( $%6'( % 8&*$0 75% &2 82 5(7(&58 Q. ) 9 ) .7* $)68(% &5 )&-5&/'75(80 5.75' % &5($7'(&5) 3&(. '8&5()6 ,7)($ )$*&' $) 86(&5 75% &2 $*% '6)(2 $ )7(&),7'(&5 )' $)8 Streamlined our processes to bring us closer to our clients. As part of our focus on building a culture of continuous excellence where our clients are at the center of everything we do, we have streamlined the processes we use globally to support our clients, from customer onboarding to product delivery and implementation. These efforts have resulted in significantly enhanced interactions with clients, faster service resolution and improved customer satisfaction scores. M BB C " # .7* $,$). % 6$ )78) ( 8) 75% $,'6)% 6$ 9 ) 7$65% %$&*&5- -$7($ '$))7)78) , .&-.7*786 6 ),(37$7+7)% )86(&5) 7'$)) 6$ +6)&5 ))) 75% - -$7 .&)8 15 7%%&(&5 ( . 8&5- 012 +$&5- 6$ &5%6)($0787%&5- ('.5 8-0 ( 7 +$7% $ $75- , '8&5() &5 7L$7'(&* 27$5( )-2 5()6 (.&) 9 &) 5.75'&5- 6$ /575'&78 $/(7+&8&(0 75% $%&'(7+&8&(0 +0 $*&%&5- 268(&07$6 $'6$$&5- $*56 )($72)8 Strengthened our selling practices. We have refreshed our sales tools and refocused our efforts around driving greater cross-sales of high-value, software-based solutions across our businesses and geographies. In addition to helping FIS bring our industry-leading technology to a broader range of clients in attractive market segments, this effort is enhancing our financial profitability and predictability by providing multiyear, recurring revenue streams. M NCB R B O B C C " D0 )($728&5&5- 75% )&2 8&,0&5- 6$ -8+78 $7(&5) 7$65% )$*&5- (. 5 %) , 6$ '8&5()6 3 .7* P 75% % 6$ 7%:6)(% SD1QH4 27$-&5 +0 T +7)&) &5()6 7&% % 35 UV +&88&5 &5 % +( 75% 5.75' % 6$ &5*)(2 5(7 -$7% +7875' ). (8 # .7* % 5 (.&) 3.&8 ' 5(&56&5- ( $(6$5 *786 ( 6$ ).7$. 8% $) (.$6-. %&*&% 5%) 75% 75 5- &5- )('5 +60+7'5 $-$728 Simplified our global operations and reduced operating costs. By streamlining and simplifying our global operations around serving the needs of our clients, we have expanded our adjusted EBITDA margin by 64 basis points, paid down $8 billion in debt and enhanced our investmentgrade balance sheet. We have done this while continuing to return value to our shareholders through dividends and an ongoing stock buyback program. W ? X ? BB A C B" 4) 3 ).&,( 2 $ , 6$ $)6$' ) 75% '7 &(78 &5*)(2 5() (37$% .&-. $7 27$-&56 .&-. $7-$3(. )86(&5)6 3 7$ )&(&5&5- (. ' 2 750 ,$ )6)(7&57+8 75% $/(7+8 -$3(. &5 7L$7'(&* 27$5( )-2 5() 3.&8 )($5-(. 5&5- 6$ $7(&578 $)&8&5' 7-7&5)( &5'$7)&5-80 ) .&)(&'7(% '0+ .$7()8 Changed the way we allocate and invest our capital. As we shift more of our resources and capital investments toward highermargin, higher-growth solutions, we are positioning the company for sustainable and profitable growth in attractive market segments while strengthening our operational resilience against increasingly sophisticated cyberthreats. 012 455678 9 3 FIS Annual Report 2024
 • shareholder letter icon 4/28/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/14/2023 FIS Stockholder Letter
 • stockholder letter icon 4/26/2024 FIS Stockholder Letter
 • stockholder letter icon More "Business Services & Equipment" Category Stockholder Letters
 • Benford's Law Stocks icon FIS Benford's Law Stock Score = 99


FIS Shareholder/Stockholder Letter Transcript:


01
1234  Report
6789   2024
Annual


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10000000000000
10000000000000
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012345617  91 1462   4 13237  
  617617      3 2      31    613     31  
Unlocking financial technology.
Bringing the world's money into harmony.


F. S
4       "       
>6?  @  A    "   
Shareholders
letter from the
CEO & President
01  345  6785971 95
To Our Shareholders:
woven
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           has
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     into
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statista
tNBC
WORLD'S TOP
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COMPANIES 2024
mauls
FOR INNOVATION & EXCELLENCE

2024
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Report
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0  K9 L  M  5 68  9   K6  N924  O976    6M M6  
A brave new world of opportunity
A holistic view of the global money lifecycle

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 -!   (!  to
    the
 $!   complexities
 *- !,   !   of '  the
 $!  global
"!2  
perspective
money
  '! 2  !0    Whether
$! $!  it's
  6   managing
* " # "#  funds
' "&   in "    
lifecycle.
bank
     "    and
 "&  recordkeeping
!  &%!!- "#   ledgers,
( "#  money
* "!2  
accounts
moving
 $  #$   card
 &  "networks
! / %   and
 "&  corporate
  -   !  treasury
 !   2  
through
 2  !* )  or   - 
A "#  * 
"!2  to
%  in "  investment
 "(!  *!"    and
systems,
putting
money
work
  & "#  accounts,
     "  )   FIS    technology
 ! $"   #2  is    at    the
 $!  $heart
! 3   of'  the
trading
#       economy.
!  " *20  E$16aF  trillion
   a   "  of '  financial
+" "      assets
   !    b  
global
    about
10%
world's
    flows
aHc  of '  the
 &6   GDP'
=CD  b  
d /   through
 $  #$   our    systems
2  !*   
and
 "&  technology
 ! $"   #2  each
!  $  year.
2! 0
FIS is all about creating these kinds of convenient,
harmonious financial experiences for the organizations
we work with. For more than 55 years, we have helped
our clients navigate wave after wave of technological
change to capture growth opportunities in their
business. Our ability to withstand and lead through
dynamic and unprecedented times combined with our
ability to apply technology to solve mission-critical
problems for our clients has made us the trusted
partner of some of the world's largest financial services
providers, businesses and platforms.
G FIS
     Annual
8""     Report
i!- 3  2024
GHGj
2
For FIS and our investors, all of this presents huge
growth opportunities in the years ahead.
g "!2      !   g "!2   "  *    " g "!2      / %
In
we  
have
work
bold,
 "  recent
! !"   years,
2!  )  /!
$ (!  been
 !!"  $hard
 &  at    / 
%   on"  a     
multiyear
position
*    2!   "Future
e    !  Forward"
  / &f  strategy
    !#2  to
     "  FIS
for
'    a  new
"!/  era
!   of '  accelerated
   ! !  !&  #growth
 / $  and
 "&  industry
 "&   2  
leadership
Moving
 ! &! $ -  in "  a   rapidly
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$ "# "#  marketplace.
* %! -   !0  g 
into
we  
 "    the
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 $ &  year
2!   of '  this
 $    transformation
  " ' *    "  effort,
!@ 3)  /!
have
$ (!  made
* &!  tremendous
 !*!"&     strides
   &!   forward
' / &  as
    a   company
  *- "2  
 "&  as
     a  technology
 ! $"   #2  partner
- 3"!  to    our
    clients.
   !"  0  Among
8* "#  our
and
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/!  $have:
 (!h  
accomplishments,
Money at rest . Money in motion . Money at work
  =CD      *!   !&   2   $!   " !"    "    g "!  2    "&     g   
aGDP as measuredby the International Monetary Fund (IMP)
About
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Y


         "  #   $% %&'7(%  6$)8*)  (  
6$  ' $  +6)&5 ))  ,  )$*&5-  (.   /575'&78  
)$*&' )  &5%6)($0  1  ,$2  (.   3 $8%4)  87$- )(  
+755)  75%  &5*)(2 5(  2757- $)  (  (.   
)2788)(  '$%&(  65&5)  1  7)  7  ($6)(%  
$*&% $  ,  (.   &5%6)($04)  2 )(  )'6$6  
)'787+86  2&))&57'$&(&'78  ('.5 8-08  4)  7   
,  (.&)  $,'6)&5-  9 6  3   ) 8%  7  27:$&(0  
)(75  &5  6$  ,$2 $  # $8% 70  ; $'.75(  
2 86(&5)  702 5()  +6)&5 ))  &5  5   ,  (.   
87$- )(  /5('.  ;<4  ($75)7'(&5)  &5  =828  
.&)($08  #   75%  # $8% 70  $27&5  )($5-  
7 5 $)  (.7(  3 $5  '8)80  (- (. $  (  2 (  
(.   5 %)  ,  6$  :&5(  '8&5()8  
Tightened our strategic focus on our core
strengths. We rededicated ourselves to
our core business of serving the financial
services industry     from the world's largest
banks and investment managers to the
smallest credit unions     as a trusted
provider of the industry's most secure,
scalable, mission-critical technology. As part
of this refocusing effort, we sold a majority
stake in our former Worldpay Merchant
Solutions payments business in one of the
largest fintech M&A transactions in U.S.
history. We and Worldpay remain strong
partners that work closely together to meet
the needs of our joint clients.
>             ?  ?         @    A B C  
       B A    C                B      "  D0  
8*$7-&5-  2 % $5  4-&8  ),(37$  % )&-5  
$&5'&8)  75%  '$7(&5-  (&-.($  78&-52 5(  
72 5-  6$  $%6'(  75%  5-&5 $&5-  (72)6  
3   .7*  7'' 8$7(%  6$  $%6'(  E03. 8  
75%  % *8 2 5(  5-&5 8  4)  7  $)68(6  3   
7$  +$&5-&5-  &55 *7(&*  5 3  $%6'()  75%  
) 86(&5)  (  27$5(  2 $  F6&'580  3.&8  
+ &5-  $' -5&G%  +0  (.   8&5)  ,  1HI6  
J7 5 $6  I 85(6  I.7 &)  75%  (.   K7'5L  
J$6   ,$  (.   F678&(0  75%  87%&5-7%-   
,65'(&578&(0  ,  6$  ('.5 8-08  
Redesigned how we design, develop
and deliver products and solutions. By
leveraging modern Agile software design
principles and creating tighter alignment    
among our product and engineering teams
we have accelerated our product flywheel
and development engine. As a result, we
are bringing innovative new products and
solutions to market more quickly while
being recognized by the likes of IDC,
Gartner, Celent, Chartis and the Hackett
Group for the quality and leading-edge
functionality of our technology.

Z

_Expanded
`abcded  gourhi  
badjusted
djhkled  _EBITDA
mnopq  
margin
rb
istc  ubyv  \64Z    
ubasis
bktk  apoints,
gtclkw    
apaid
btd  ddown
gxc  y$8z  
ubillion
t{{tgc  tinc  ddebt.
eul|

M    NB           C              O          
B               B     "  4)  7   ,  6$  ,'6)  5  
+6&8%&5-  7  '68(6$  ,  ' 5(&56 6)  P' 885'   
3. $  6$  '8&5()  7$  7(  (.   ' 5($  ,  
*$0(.&5-  3   % 6  3   .7*  )($728&5 %  
(.   $' )))  3   6)  -8+7880  (  )6   
6$  '8&5()6  ,$2  '6)(2 $  5+ 7$%&5-  
(  $%6'(  % 8&*$0  75%  &2 82 5(7(&58  
Q. )  9 )  .7*  $)68(%  &5  )&-5&/'75(80  
5.75' %  &5($7'(&5)  3&(.  '8&5()6  ,7)($  
)$*&'   $) 86(&5  75%  &2 $*%  '6)(2 $  
)7(&),7'(&5  )' $)8  
Streamlined our processes to bring us
closer to our clients. As part of our focus on
building a culture of continuous excellence
where our clients are at the center of
everything we do, we have streamlined
the processes we use globally to support
our clients, from customer onboarding
to product delivery and implementation.
These efforts have resulted in significantly
enhanced interactions with clients, faster
service resolution and improved customer
satisfaction scores.
M                    BB     C       "  #   .7*  
$,$). %  6$  )78)  ( 8)  75%  $,'6)%  6$  
9 )  7$65%  %$&*&5-  -$7($  '$))7)78)  ,  
.&-.7*786 6  ),(37$7+7)%  )86(&5)  7'$))  
6$  +6)&5 )))  75%  - -$7 .&)8  15  7%%&(&5  
(  . 8&5-  012  +$&5-  6$  &5%6)($0787%&5-  
('.5 8-0  (  7  +$7% $  $75-   ,  '8&5()  
&5  7L$7'(&*  27$5(  )-2 5()6  (.&)  9   
&)  5.75'&5-  6$  /575'&78  $/(7+&8&(0  75%  
$%&'(7+&8&(0  +0  $*&%&5-  268(&07$6    
$'6$$&5-  $*56   )($72)8  
Strengthened our selling practices. We have
refreshed our sales tools and refocused our
efforts around driving greater cross-sales of
high-value, software-based solutions across
our businesses and geographies. In addition
to helping FIS bring our industry-leading
technology to a broader range of clients
in attractive market segments, this effort
is enhancing our financial profitability and
predictability by providing multiyear,
recurring revenue streams.
M NCB R          B O B   C               
          C             "  D0  )($728&5&5-  
75%  )&2 8&,0&5-  6$  -8+78   $7(&5)  
7$65%  )$*&5-  (.   5 %)  ,  6$  '8&5()6  3   
.7*  P 75% %  6$  7%:6)(%  SD1QH4  27$-&5  
+0  T   +7)&)   &5()6  7&%  % 35  UV  +&88&5  
&5  % +(  75%  5.75' %  6$  &5*)(2 5(7
-$7%   +7875'   ). (8  #   .7*  % 5   (.&)  
3.&8  ' 5(&56&5-  (  $(6$5  *786   (  6$  
).7$. 8% $)  (.$6-.  %&*&% 5%)  75%  75  
5- &5-  )('5  +60+7'5  $-$728
Simplified our global operations and
reduced operating costs. By streamlining
and simplifying our global operations
around serving the needs of our clients, we
have expanded our adjusted EBITDA margin
by 64 basis points, paid down $8 billion
in debt and enhanced our investmentgrade balance sheet. We have done this
while continuing to return value to our
shareholders through dividends and an
ongoing stock buyback program.
W             ? X  ?    BB              A          
 C   B"  4)  3   ).&,(  2 $  ,  6$  $)6$' )  
75%  '7 &(78  &5*)(2 5()  (37$%  .&-. $7
27$-&56  .&-. $7-$3(.  )86(&5)6  3   7$  
)&(&5&5-  (.   ' 2 750  ,$  )6)(7&57+8  
75%  $/(7+8  -$3(.  &5  7L$7'(&*  27$5(  
)-2 5()  3.&8  )($5-(. 5&5-  6$  
$7(&578  $)&8&5'   7-7&5)(  &5'$7)&5-80  
) .&)(&'7(%  '0+ .$7()8
Changed the way we allocate and invest our
capital. As we shift more of our resources
and capital investments toward highermargin, higher-growth solutions, we are
positioning the company for sustainable
and profitable growth in attractive market
segments while strengthening our
operational resilience against increasingly
sophisticated cyberthreats.
012  455678  9
       3 
FIS Annual Report 2024



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