Fidelity National Information Services (FIS) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was higher than the same quarter last year but slightly lower than the immediately preceding quarter. The year-over-year increase reflects ongoing business performance, while the sequential decline was modest.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was higher than the same quarter last year but slightly lower than the immediately preceding quarter. The year-over-year increase reflects ongoing business performance, while the sequential decline was modest.
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
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.9B
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 |
|---|---|---|
| Jun 30, 2023 | $2.4B | -49.9% |
| Sep 30, 2023 | $2.5B | +15675.0% |
| Dec 31, 2023 | $2.5B | -0.6% |
| Mar 31, 2024 | $2.5B | +2.8% |
Revenue performance
Compared with the prior quarter, revenue decreased slightly. On a year-over-year basis, revenue showed growth, indicating improved results relative to the same period a year ago.
Quarterly comparison
Revenue in the current quarter was down from the fourth quarter of the prior fiscal year but up from the first quarter of the prior fiscal year. The sequential decline was small, while the annual comparison was positive.
What to watch
The company's liquidity position was significantly strengthened by the proceeds from the Worldpay sale, which may influence future capital allocation decisions.