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FIS — Apr 17, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-083595
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Showing in the filing
M&A spend
“up to $1 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 13
Net EBITDA synergies
“more than $150 million”
Net EBITDA synergies from Issuer Solutions
“more than $150 million”
Incremental Adjusted Free Cash Flow
“over $500 million”
Incremental Adjusted Free Cash Flow from Iss…
“over $500 million”
Incremental revenue synergies from Issuer So…
“$45 million”
Revenue synergies
“over $125 million”
Revenue synergies from Issuer Solutions (lon…
“over $125 million”
Pro forma gross leverage
“approximately 3.4x”
Target gross leverage
“2.8x”
Issuer Solutions transaction expected close for FY2026
“first half of 2026”
M&A spend for FY2025
“up to $1 billion”
Share repurchases for FY2025
“$1.2 billion”
Dividend policy
“annual dividend per share growth consistent with Adjusted EPS growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
This transaction is expected to close in the first half of 2026, subject to regulatory approvals, the closing of the Issuer Solutions transaction, and other customary closing conditions. Capital Allocation Updates The Company will continue to execute against its existing capital allocation priorities in 2025, including an M&A spend of up to $1 billion and share repurchases of $1.2 billion. The Company expects to maintain its dividend policy of annual dividend per share growth consistent with Adjusted EPS growth. Post closing the transaction, the Company expects to temporarily pause share repurchases and tuck-in M&A to accelerate deleveraging. The Company will resume its existing capital allocation priorities once it has achieved its target gross leverage of 2.8x.   2 1Q 2025 Financial Update FIS expects to report first quarter 2025 financial results on May 6, 2025. At this time, the Company is providing certain preliminary unaudited financial results and metrics for the three months ended March 31, 2025, based on currently available information.     •   Total company revenue of $2.5 billion, with adjusted revenue growth and recurring revenue growth of approximately 4%     •   Banking adjusted revenue growth of approximately 2%, which was above the high-end of the outlook; recurring revenue grew approximately 3%     •   Capital Markets adjusted revenue growth of approximately 9%, which was also above the high-end of the outlook; recurring revenue growth was approximately 6%
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.