Earnings release
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FIS News Release Exhibit 99.1 FIS Reports Third Quarter 2021 Results • • Increased revenue 10 % while generating strong profitability and cash flow , demonstrating superior execution Achieved annual run - rate revenue synergies and operational expense synergies of approximately $ 600 million and $ 475 million , respectively • Repurchased $ 1.2 billion in shares , tripling the pace of first and second quarter buybacks JACKSONVILLE Fla . , November 4 , 2021 - FIS® ( NYSE : FIS ) , a global leader in financial services technology , today reported its third quarter 2021 results . “ Our team continues to execute exceptionally well , ” said Gary Norcross , FIS Chairman and Chief Executive Officer . “ We're successfully leveraging our broad portfolio and global reach to speed innovation . Further , our robust cash flow enabled us to accelerate share buybacks during the third quarter without sacrificing our ability to execute our growth - focused M & A strategy . " Third Quarter 2021 On a GAAP basis , revenue grew by more than $ 300 million , or 10 % , to $ 3.5 billion . Net earnings attributable to common stockholders was $ 158 million or $ 0.26 per diluted share . On an organic basis , which excludes the impact of foreign exchange , revenues also grew 10 % . Adjusted EBITDA grew 17 % to $ 1.6 billion . Adjusted EBITDA margin expanded by 270 basis points ( bps ) to 45.2 % , primarily due to high contribution margins from revenue growth as well as ongoing revenue and expense synergies . Adjusted net earnings increased 21 % to $ 1.1 billion and adjusted net earnings per share increased 22 % to $ 1.73 per diluted share . ( $ millions , except per share data , unaudited ) Three Months Ended September 30 , % Organic 2021 2020 Change Growth¹ Revenue Merchant Solutions Banking Solutions Capital Market Solutions $ 3,507 1,161 $ 3,197 10 % 10 % 1,017 14 % 13 % 1,610 1,488 8 % 8 % 654 587 11 % 10 % Corporate and Other 82 105 ( 21 ) % Adjusted EBITDA $ 1,585 $ 1,357 17 % Adjusted EBITDA Margin 45.2 % 42.5 % 270 bps Net earnings attributable to FIS common stockholders ( GAAP ) $ 158 $ 20 * Diluted EPS ( GAAP ) $ 0.26 $ 0.03 * Adjusted net earnings $ 1,070 $ 887 21 % Adjusted EPS $ 1.73 $ 1.42 22 % * Indicates comparison not meaningful 1 ¹ Organic growth excludes the impact of foreign currency exchange fluctuation ( FX ) as there was no M & A impact during the quarter