FIS touts technology as earnings rise
FIS touts technology as earnings rise
https://www.jaxdailyrecord.com/news/2026/may/14/fis-touts-technology-as-earnings-rise/
Publish Date: 2026-05-14 05:20:00
Source Domain: www.jaxdailyrecord.com
After several sluggish years, Fidelity National Information Services Inc., or FIS, is touting several technological innovations to increase profitability, including a partnership with artificial intelligence giant Anthropic.
“The most important innovations in financial technology right now, AI, digital currency, data, are all running through FIS,” CEO Stephanie Ferris said in a May 8 conference call.
Stephanie Ferris
The Jacksonville-based financial technology company reported first-quarter adjusted earnings rose 10% to $705 million, or $1.36 a share, with revenue rising 30% to $3.3 billion.
“What you’re seeing in our first quarter of 2026 will translate into durable, predictable revenue growth and margin expansion in the quarters ahead,” Ferris said.
Three days before the earnings report, FIS announced its partnership with Anthropic to develop AI technology to help banks detect financial crimes.
However, FIS isn’t giving any financial projections for the partnership.
“We would expect to see revenue come forward as we deploy those agents into the market in 2026, but we’d expect to see revenue really take shape in 2027. Nothing in the guide currently,” Ferris said.
FIS’ earnings were higher than analysts’ forecasts of $1.26 to $1.30 a share, J.P. Morgan analyst Tien-tsin Huang said in a research note.
Despite the earnings beat, FIS’ stock dropped $3.76 to $43.49 on May 8 after the report.
“We attribute the reaction to a mixed 2Q outlook that was modestly light on profitability, a key investor watch item given FIS’s uneven track record on margins,” said Huang, who maintained an “overweight” rating on the stock.
“We think shares deserve better on a solid 1Q,” said Wells Fargo analyst Jason Kupferberg in his note.
Kupferberg also has an “overweight” rating.
“FIS delivered and guided to continued expectations for about 5% organic Banking revenue…
