Fidelity National Information Services, Inc. stock research
FY2025 Q1
Fidelity National Information Services (FIS) Gross Margin — Quarter Ended Mar 31, 2025
In the current quarter, revenue was lower than the immediately preceding quarter but comparable to the same quarter one year earlier. Gross profit decreased relative to both periods, leading to a lower gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
In the current quarter, revenue was lower than the immediately preceding quarter but comparable to the same quarter one year earlier. Gross profit decreased relative to both periods, leading to a lower gross margin.
- The most observable driver was the rise in cost of revenue compared to revenue, which compressed the gross margin.
- Compared to the preceding quarter, gross margin weakened as cost of revenue increased while revenue declined. Compared to the same quarter last year, gross margin also weakened, with cost of revenue higher and gross profit lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.7%
Gross profit
$879.0M
Revenue
$2.5B
Cost of revenue
$1.7B
Quarter-over-quarter change
-3.3 pts
Year-over-year change
-2.1 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, 2024 | $2.5B | $909.0M | $1.6B | 36.8% |
| Jun 30, 2024 | $2.5B | $943.0M | $1.5B | 37.9% |
| Sep 30, 2024 | $2.6B | $976.0M | $1.6B | 38.0% |
| Mar 31, 2025 | $2.5B | $879.0M | $1.7B | 34.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-3.3 pts
Year-over-year change
Mar 31, 2024
-2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver was the rise in cost of revenue compared to revenue, which compressed the gross margin.
Compared to the preceding quarter, gross margin weakened as cost of revenue increased while revenue declined. Compared to the same quarter last year, gross margin also weakened, with cost of revenue higher and gross profit lower.
Monitor cost of revenue trends, as it was the primary factor behind the margin decline.