Earnings release
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Fis News Release ● FIS Reports Second Quarter 2021 Results Accelerated revenue growth in all operating segments , including Merchant to 45 % , Banking to 8 % , and Capital Markets to 6 % as compared to the prior year period Increases full - year 2021 revenue guidance by $ 250 million to $ 13.9- $ 14.0 billion in order to reflect new sales and a growing backlog of revenue under contract during the second quarter Raises year - end 2021 revenue synergy target by $ 100 million to approximately $ 700 million on an annual run - rate basis , in order to reflect strong cross - selling performance during the second quarter JACKSONVILLE Fla . , August 2021 - FIS ™ M ( NYSE : FIS ) , a global leader in financial services technology , today reported its second quarter 2021 results . " FIS delivered an exceptional quarter , " said Gary Norcross , FIS chairman and chief executive officer . " Our transformation has created strong demand with our clients . Even as the world slowed , we continued to invest in our talent and our cloud - native solutions portfolio , creating a significant pipeline with our clients and prospects . With strong new sales and our largest revenue synergy quarter to - date , we are raising our guidance for the second time this year . " Second Quarter 2021 As compared to the prior year period , revenue grew by more than $ 500 million , or 17 % , to approximately $ 3.5 billion . Revenue growth accelerated across all three operating segments , including Merchant to 45 % , Banking to 8 % , and Capital Markets to 6 % . Net earnings attributable to common stockholders was $ 341 million or $ 0.55 per diluted share . Organic revenue growth , which reflects the impact of foreign currency exchange fluctuation ( FX ) , was 16 % . Adjusted EBITDA margin expanded by 460 basis points ( bps ) over the prior year period to 43.7 % , primarily reflecting high contribution margins of revenue growth as well as ongoing revenue and expense synergies . Adjusted net earnings and adjusted net earnings per share each increased by 40 % to approximately $ 1 billion or $ 1.61 per diluted share , respectively . ( $ millions , except per share data , unaudited ) Revenue Merchant Solutions Banking Solutions Capital Market Solutions Corporate and Other Adjusted EBITDA Adjusted EBITDA Margin 2021 3,475 1,177 1,578 630 90 1,520 43.7 % 341 0.55 $ 1,004 $ $ $ 1.61 $ $ Three Months Ended June 30 , % Change 17 % 2020 $ 2,962 812 1,462 593 95 1,157 39.1 % 19 0.03 718 1.15 $ Exhibit 99.1 45 % 8 % 6 % ( 5 ) % 31 % $ $ $ $ 460 bps Net earnings attributable to FIS common stockholders ( GAAP ) Diluted EPS ( GAAP ) Adjusted net earnings Adjusted EPS * Indicates comparison not meaningful 1 Organic growth adjusts for the impact of foreign currency fluctuation ( FX ) as there was no M & A impact during the second quarter * 40 % 40 % Organic Growth 16 % 41 % 7 % 4 %