Fidelity National Information Services (FIS) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased slightly compared to the prior quarter and also rose year over year. The company's financial position was strengthened by proceeds from a recent major divestiture.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased slightly compared to the prior quarter and also rose year over year. The company's financial position was strengthened by proceeds from a recent major divestiture.
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
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$10B
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, 2023 | $2.5B | +15675.0% |
| Dec 31, 2023 | $2.5B | -0.6% |
| Mar 31, 2024 | $2.5B | +2.8% |
| Jun 30, 2024 | $2.5B | +2.6% |
Revenue performance
Reported revenue was higher than both the immediately preceding quarter and the same quarter last year, indicating moderate growth.
Quarterly comparison
Compared with the prior quarter, revenue showed a modest sequential increase. Versus the year-ago period, revenue was also higher, extending the upward trend.
What to watch
The impact of the completed Worldpay divestiture on the company's ongoing revenue mix and capital allocation decisions remains a key area to monitor.