Fidelity National Information Services, Inc. stock research
FY2026 Q1
Fidelity National Information Services (FIS) Gross Margin & Quarterly History
Explore Fidelity National Information Services, Inc. (FIS) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue rose while cost of revenue grew more sharply, causing gross profit to stay flat and gross margin to weaken. Compared to the prior quarter, gross margin declined, and compared to the same quarter a year ago, it also decreased.
- The strongest observable driver is the increase in cost of revenue, which outpaced revenue growth and pressured gross margin.
- Compared to the preceding quarter, revenue was higher but cost of revenue increased at a faster rate, leading to a lower gross margin. Relative to the same quarter one year earlier, revenue was higher, gross profit improved slightly, yet gross margin weakened due to a proportionally greater rise in cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.6%
Gross profit
$1.1B
Revenue
$3.3B
Cost of revenue
$2.2B
Quarter-over-quarter change
-4.2 pts
Year-over-year change
-1.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2025 | $2.5B | $879.0M | $1.7B | 34.7% |
| Jun 30, 2025 | $2.6B | $952.0M | $1.7B | 36.4% |
| Sep 30, 2025 | $2.7B | $1.0B | $1.7B | 37.8% |
| Mar 31, 2026 | $3.3B | $1.1B | $2.2B | 33.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-4.2 pts
Year-over-year change
Mar 31, 2025
-1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the increase in cost of revenue, which outpaced revenue growth and pressured gross margin.
Compared to the preceding quarter, revenue was higher but cost of revenue increased at a faster rate, leading to a lower gross margin. Relative to the same quarter one year earlier, revenue was higher, gross profit improved slightly, yet gross margin weakened due to a proportionally greater rise in cost of revenue.
Monitor the trend in cost of revenue relative to revenue, as its faster growth has been the key factor in margin compression.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Fidelity National Information Services, Inc. (FIS) | 33.6% |