Fidelity National Information Services (FIS) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year growth was particularly substantial.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year growth was particularly substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
+15675.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
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 |
|---|---|---|
| Dec 31, 2022 | $2.5B | +391.7% |
| Mar 31, 2023 | $2.4B | +1.3% |
| Jun 30, 2023 | $2.4B | -49.9% |
| Sep 30, 2023 | $2.5B | +15675.0% |
Revenue performance
The revenue growth was supported by the company’s ongoing operations, while the pending sale of a majority stake in the Worldpay Merchant Solutions business continues to classify significant assets as held for sale.
Quarterly comparison
Relative to the prior quarter, revenue showed a modest uptick. Compared to the same quarter last year, the increase was dramatic, reflecting a substantially higher base of business.
What to watch
Monitor the impact of the pending Worldpay divestiture on revenue composition and liquidity in upcoming quarters.