Fidelity National Information Services, Inc. Investigation - FIS

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Fidelity National Information Services, Inc. (NYSE: FIS)

Learn more about the Fidelity National Information Services, Inc. Investigation

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Fidelity National Information Services, Inc. Investigation Details

Fidelity National Information Services, Inc. shareholders lost money on November 4, 2026 when the stock fell sharply after the Company reported a reduced full-year 2026 financial outlook alongside its third-quarter financial results. For the third quarter of 2026, the Company reported revenue of approximately $3.45 billion and adjusted earnings per share of $1.61, which aligned with expectations. However, the Company cut its full-year 2026 revenue guidance to roughly $13.45-$13.51 billion versus expected revenue of roughly $13.66 billion. The Company also lowered its full-year 2026 adjusted earnings per share guidance to $5.82-$5.89 compared to consensus expectations near $6.19-$6.20. Previously, on November 5, 2025, CFO James Kehoe stated, "So I think, overall, we're super comfortable on the revenue trajectory." On August 4, 2026, CEO Stephanie Ferris stated, "What has not changed is the underlying business fundamentals. The backlog is strong, demand is strong," while acknowledging sales behind plan. Additionally, a Form 10-Q filed on August 4, 2026 contained unexplained arithmetic gaps in segment-reconciliation data relative to reported net earnings. The investigation concerns whether Fidelity National Information Services, Inc. adequately disclosed its underlying business pressures and revenue trajectory risks ahead of the November 4, 2026 guidance reduction.

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