Fidelity National Information Services (FIS) Revenue — Quarter Ended Dec 31, 2023
Revenue rose sequentially but fell year over year. The company maintains substantial liquidity through cash and credit facilities.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue rose sequentially but fell year over year. The company maintains substantial liquidity through cash and credit facilities.
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
+0.8%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
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 |
|---|---|---|
| Mar 31, 2023 | $2.4B | +1.3% |
| Jun 30, 2023 | $2.4B | -49.9% |
| Sep 30, 2023 | $2.5B | +15675.0% |
| Dec 31, 2023 | $2.5B | -0.6% |
Revenue performance
The reported revenue increased from the immediately preceding quarter, reflecting a positive sequential trend. However, compared with the same quarter a year earlier, revenue declined.
Quarterly comparison
Sequentially, revenue improved modestly. On a year-over-year basis, revenue was lower, continuing a mixed performance.
What to watch
The company's ability to generate operating cash flow and manage its debt load remains a key focus.