Fidelity National Information Services, Inc. stock research
FY2023 Q3
Fidelity National Information Services (FIS) Gross Margin — Quarter Ended Sep 30, 2023
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue remained unchanged, leading to an improved gross margin. The year-ago quarter's figures are not directly comparable due to negative revenue and gross profit.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue remained unchanged, leading to an improved gross margin. The year-ago quarter's figures are not directly comparable due to negative revenue and gross profit.
- The primary observable driver of the gross margin improvement was the increase in gross profit alongside stable cost of revenue.
- Gross margin improved compared to the immediately preceding quarter. The year-ago quarter's gross margin is not comparable due to negative revenue and gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.2%
Gross profit
$951.0M
Revenue
$2.5B
Cost of revenue
$1.5B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
-1130.6 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, 2023 | $2.4B | $823.0M | $1.6B | 34.3% |
| Jun 30, 2023 | $2.4B | $912.0M | $1.5B | 37.6% |
| Sep 30, 2023 | $2.5B | $951.0M | $1.5B | 38.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+0.6 pts
Year-over-year change
Sep 30, 2022
-1130.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver of the gross margin improvement was the increase in gross profit alongside stable cost of revenue.
Gross margin improved compared to the immediately preceding quarter. The year-ago quarter's gross margin is not comparable due to negative revenue and gross profit.
Monitor whether cost of revenue remains stable in future quarters.