FIS — Feb 11, 2025 release

Additionally, the Company continues to target a dividend payout ratio of approximately 35% of adjusted net earnings, excluding EMI. On January 30, 2025, FIS' Board of Directors approved an 11% increase in the quarterly dividend to $0.40 per share. Fourth Quarter 2024 Financial Results On a GAAP basis, revenue increased 3% as compared to the prior-year period to approximately $2.6 billion. GAAP net earnings attributable to common stockholders from continuing operations were $304 million or $0.56 per diluted share. On an adjusted basis, revenue increased 4% as compared to the prior-year period reflecting recurring revenue growth of 2% and non-recurring revenue growth of 7%. Adjusted EBITDA was approximately $1.1 billion, and Adjusted EBITDA margin expanded by 103 basis points (bps) over the prior-year period to 42.9%, reflecting an increase in higher-margin license revenue and the Company's cost savings initiatives. Adjusted net earnings from continuing operations were $754 million, and adjusted EPS increased by 49% as compared to the prior-year period to $1.40 per diluted share. ($ millions, except per share data, unaudited) Three Months Ended December 31, % Adjusted Continuing Operations 2024 2023 Change Growth  Banking Solutions Revenue $ 1,717  $ 1,694  1% 2%  Capital Market Solutions Revenue 821  755  9% 9% Operating Segment Total Revenue $ 2,538  $ 2,449  4% 4%  Corporate and Other Revenue 61  63  (3)% - Consolidated F