Fidelity National Information Services (FIS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased slightly from the immediately preceding quarter. However, it declined sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased slightly from the immediately preceding quarter. However, it declined sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
-49.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | -$16M | -100.5% |
| Dec 31, 2022 | $2.5B | +391.7% |
| Mar 31, 2023 | $2.4B | +1.3% |
| Jun 30, 2023 | $2.4B | -49.9% |
Revenue performance
The sequential revenue growth was modest, reflecting a slight uptick from the prior period.
Quarterly comparison
On a year-over-year basis, revenue experienced a substantial decrease, marking a significant downturn from the prior year's quarter.
What to watch
The company's filing highlights its liquidity and capital resources, which may be a focus given the year-over-year revenue contraction.