Key facts
- FIS cut its 2026 adjusted earnings forecast to $6.15-$6.24 per share from $6.22-$6.32.
- The company lowered its revenue forecast to $13.63 billion-$13.70 billion from $13.77 billion-$13.85 billion.
- FIS reported quarterly net income of $763 million, or $1.48 per share, up from $716 million, or $1.36 per share, a year earlier.
- Shares fell more than 10% in premarket trading following the outlook cut.
Payments processing firm Fidelity National Information Services (FIS) saw its shares decline more than 10% in premarket trading after it reduced its annual revenue and profit outlook, citing economic uncertainty. The company lowered its 2026 adjusted earnings forecast to a range of $6.15 to $6.24 per share, down from a previous projection of $6.22 to $6.32. Its revenue forecast was also revised downward to $13.63 billion-$13.70 billion, compared to the prior outlook of $13.77 billion-$13.85 billion. These adjustments come amid cautious technology spending by institutions and retailers, influenced by factors like the Iran war and U.S. trade policy. Despite the revised outlook, FIS reported an increase in net income for the quarter, reaching $763 million, or $1.48 per share, up from $716 million, or $1.36 per share, in the same period last year. Chief Executive Stephanie Ferris indicated that banks continue to invest in technology modernization and artificial intelligence, which supports demand for FIS's offerings.