Fidelity National Information Services, Inc. stock research
FY2025 Q2
Fidelity National Information Services (FIS) Gross Margin — Quarter Ended Jun 30, 2025
Gross margin improved sequentially as revenue increased while cost of revenue remained stable, but weakened compared to the same quarter last year because cost of revenue grew faster than revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Gross margin improved sequentially as revenue increased while cost of revenue remained stable, but weakened compared to the same quarter last year because cost of revenue grew faster than revenue.
- The sequential improvement in gross margin was driven by higher revenue while cost of revenue was unchanged from the prior quarter.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year ago, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.4%
Gross profit
$952.0M
Revenue
$2.6B
Cost of revenue
$1.7B
Quarter-over-quarter change
+1.7 pts
Year-over-year change
-1.5 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2025 | $2.6B | $952.0M | $1.7B | 36.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+1.7 pts
Year-over-year change
Jun 30, 2024
-1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was driven by higher revenue while cost of revenue was unchanged from the prior quarter.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year ago, gross margin weakened.
Monitor the trend in cost of revenue, which increased notably compared to the same quarter last year.