Latest Ratios: P/E Ratio 55.0x · EV/EBITDA 6.8x · ROE 2.6%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21.3B | $34.5B | $44.8B | $35.5B | $41.0B | $67.8B | $88.7B | $62.7B | $34.0B | $31.6B | $25.0B |
| Enterprise Value | $24.7B | $37.9B | $55.5B | $54.4B | $60.9B | $86.6B | $107.4B | $82.4B | $42.3B | $39.7B | $34.8B |
| P/E Ratio → | 55.03 | 88.61 | 56.88 | — | — | 162.55 | 561.35 | 210.52 | 40.22 | 25.09 | 43.98 |
| P/S Ratio | 2.00 | 3.23 | 4.43 | 3.61 | 4.22 | 4.88 | 7.07 | 6.07 | 4.04 | 3.65 | 2.70 |
| P/B Ratio | 1.54 | 2.48 | 2.86 | 1.86 | 1.50 | 1.43 | 1.79 | 1.27 | 3.33 | 2.92 | 2.54 |
| P/FCF | 7.59 | 12.28 | 22.71 | 8.41 | 11.16 | 19.05 | 26.77 | 39.65 | 24.83 | 28.03 | 19.07 |
| P/OCF | 7.20 | 11.64 | 21.65 | 8.19 | 10.40 | 14.09 | 19.97 | 26.03 | 17.08 | 18.16 | 12.97 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.55 | 5.48 | 5.53 | 6.27 | 6.24 | 8.55 | 7.97 | 5.03 | 4.58 | 3.76 |
| EV / EBITDA | 6.79 | 10.41 | 16.12 | 15.23 | 17.22 | 14.16 | 20.41 | 19.59 | 13.53 | 13.34 | 12.62 |
| EV / EBIT | 14.07 | 37.27 | 33.70 | 39.57 | 49.18 | 86.22 | 177.45 | 102.96 | 29.87 | 29.77 | 26.74 |
| EV / FCF | — | 13.49 | 28.13 | 12.89 | 16.60 | 24.35 | 32.40 | 52.06 | 30.87 | 35.21 | 26.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.9% | 36.9% | 37.6% | 37.2% | 36.0% | 37.4% | 33.5% | 36.0% | 33.9% | 33.2% | 32.6% |
| Operating Margin | 16.5% | 16.5% | 16.9% | 20.8% | 19.6% | 15.1% | 12.3% | 17.0% | 20.3% | 18.6% | 17.1% |
| Net Profit Margin | 3.6% | 3.6% | 14.3% | -67.7% | -172.0% | 3.0% | 1.3% | 2.9% | 10.0% | 14.5% | 6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | 2.6% | 8.3% | -28.6% | -44.6% | 0.9% | 0.3% | 1.0% | 8.0% | 12.2% | 5.9% |
| ROA | 1.1% | 1.1% | 3.3% | -11.3% | -22.9% | 0.5% | 0.2% | 0.6% | 3.5% | 5.0% | 2.2% |
| ROIC | 6.0% | 6.0% | 4.0% | 3.6% | 2.5% | 2.3% | 1.7% | 3.0% | 6.9% | 6.3% | 5.9% |
| ROCE | 6.6% | 6.6% | 5.3% | 4.9% | 3.3% | 3.0% | 2.1% | 3.7% | 8.3% | 7.4% | 6.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.74 | 1.01 | 0.74 | 0.44 | 0.42 | 0.42 | 0.88 | 0.81 | 1.06 |
| Debt / EBITDA | 1.10 | 1.10 | 3.35 | 5.41 | 5.77 | 3.41 | 3.92 | 4.94 | 2.87 | 2.94 | 3.81 |
| Net Debt / Equity | — | 0.25 | 0.68 | 0.99 | 0.73 | 0.40 | 0.38 | 0.40 | 0.81 | 0.75 | 0.99 |
| Net Debt / EBITDA | 0.94 | 0.94 | 3.11 | 5.29 | 5.64 | 3.08 | 3.55 | 4.67 | 2.65 | 2.72 | 3.56 |
| Debt / FCF | — | 1.22 | 5.42 | 4.48 | 5.44 | 5.30 | 5.63 | 12.41 | 6.04 | 7.18 | 7.48 |
| Interest Coverage | 2.77 | 2.77 | 4.70 | 1.93 | 4.16 | 4.65 | 1.78 | 2.07 | 4.53 | 3.73 | 3.30 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.59 | 0.59 | 0.85 | 0.75 | 0.79 | 0.74 | 0.80 | 0.84 | 1.19 | 0.92 | 1.36 |
| Quick Ratio | 0.59 | 0.59 | 0.85 | 0.75 | 0.79 | 0.74 | 0.80 | 0.84 | 1.19 | 0.92 | 1.36 |
| Cash Ratio | 0.08 | 0.08 | 0.14 | 0.02 | 0.03 | 0.14 | 0.16 | 0.11 | 0.22 | 0.17 | 0.22 |
| Asset Turnover | — | 0.32 | 0.30 | 0.18 | 0.15 | 0.17 | 0.15 | 0.12 | 0.35 | 0.35 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 81.23 | 80.95 | 74.29 | 91.03 | 140.56 | 105.59 | 153.66 | 88.49 | 88.13 | 74.22 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 2.5% | 1.8% | 3.5% | 2.8% | 1.4% | 1.0% | 1.0% | 1.2% | 1.2% | 1.4% |
| Payout Ratio | 221.7% | 221.7% | 55.2% | — | — | 230.5% | 549.4% | 220.1% | 49.8% | 30.5% | 60.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.1% | 1.8% | — | — | 0.6% | 0.2% | 0.5% | 2.5% | 4.0% | 2.3% |
| FCF Yield | 13.2% | 8.1% | 4.4% | 11.9% | 9.0% | 5.3% | 3.7% | 2.5% | 4.0% | 3.6% | 5.2% |
| Buyback Yield | 6.7% | 4.1% | 9.0% | 1.5% | 4.7% | 3.1% | 0.1% | 0.7% | 3.7% | 0.5% | 0.2% |
| Total Shareholder Yield | 10.6% | 6.6% | 10.8% | 4.9% | 7.5% | 4.5% | 1.1% | 1.8% | 4.9% | 1.7% | 1.5% |
| Shares Outstanding | — | $519M | $555M | $591M | $604M | $621M | $627M | $451M | $332M | $336M | $330M |
Integration and divestiture complexity
Based on reported figures, FIS trades at a TTM P/E of 51.43, yet the forward P/E of 6.14 suggests that market participants are pricing in a significant earnings recovery following the recent divestiture of the Worldpay majority stake and subsequent corporate restructuring efforts.
The wide disparity between trailing and forward multiples indicates that investors should be cautious, as the current valuation likely reflects a transition period rather than a stable earnings baseline. The PEG ratio of 2.11 implies that the market expects moderate growth, though this valuation may be sensitive to how effectively the company can pivot toward its core software-centric banking and capital markets segments.
According to recent quarterly data, the ROIC has remained consistently low, hovering near 2.1% in 2026Q1, which suggests that the company is struggling to generate meaningful returns on its invested capital base following years of aggressive, acquisition-heavy capital allocation strategies.
The persistent gap between the company's returns and its cost of capital warrants further investigation into whether the current asset base is truly productive or if it remains burdened by legacy goodwill. Investors should monitor whether the shift toward a more focused business model can drive a sustained improvement in capital efficiency over the coming fiscal years.
As reported in financial statements, the DSO has fluctuated between 65 and 87 days over the last ten quarters, indicating that the company's ability to convert service delivery into cash remains inconsistent and potentially sensitive to client payment cycles within the banking sector.
The lack of a clear trend in the cash conversion cycle suggests that operational efficiency is currently secondary to the broader structural changes occurring within the organization. Management's ability to tighten these cycles will be a key indicator of whether the post-divestiture business model can achieve the expected operational leverage.
Based on the provided quarterly data, FIS has successfully reduced its debt-to-equity ratio from a peak of 1.01 in 2023Q4 to 0.27 by 2026Q1, signaling a strategic pivot toward balance sheet repair and a reduction in the interest-bearing obligations that previously constrained operational agility.
This reduction in leverage appears to be a deliberate effort to improve the company's risk profile, providing a more stable foundation for future operations. While the interest coverage ratio has shown volatility, the overall trend toward a cleaner balance sheet suggests that the company is better positioned to navigate potential macro-economic headwinds than it was in previous periods.
Investors frequently misapply standard P/E multiples to FIS, failing to account for the massive non-operating charges and amortization of intangibles that distort GAAP earnings, which often obscures the underlying cash-generating capacity of the firm's core banking and capital markets software platforms.
A more appropriate metric for this business model would be an adjusted EV/EBITDA or P/FCF, which better captures the recurring nature of the software revenue and strips away the noise from historical M&A activity. Relying on headline P/E ratios in this context may lead to an inaccurate assessment of the company's true valuation relative to its peers.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying FIS stock.
Fidelity National Information Services, Inc.'s current P/E ratio is 55.0x. The historical average is 34.4x. This places it at the 86th percentile of its historical range.
Fidelity National Information Services, Inc.'s current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
Fidelity National Information Services, Inc.'s return on equity (ROE) is 2.6%. The historical average is 10.4%.
Based on historical data, Fidelity National Information Services, Inc. is trading at a P/E of 55.0x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fidelity National Information Services, Inc.'s current dividend yield is 3.95% with a payout ratio of 221.7%.
Fidelity National Information Services, Inc. has 36.9% gross margin and 16.5% operating margin. Operating margin between 10-20% is typical for established companies.
Fidelity National Information Services, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.