Aug 4 - Fidelity National Information Services, a company that provides banking and payments processing services, trimmed its revenue and profit outlook for 2026 on Tuesday, citing a cautious spending environment among some clients. The guidance revision coincided with a greater-than-10% decline in the company's shares in premarket trading.
Guidance revisions
The Jacksonville, Florida-based firm narrowed its 2026 adjusted earnings per share forecast to a range of $6.15 to $6.24, down from the prior outlook of $6.22 to $6.32. Its revenue projection for 2026 was also lowered to $13.63 billion to $13.70 billion from an earlier range of $13.77 billion to $13.85 billion.
Quarterly results
On an adjusted basis, FIS reported quarterly net income of $763 million, or $1.48 per share. That compares with adjusted net income of $716 million, or $1.36 per share, in the same quarter a year earlier.
Company commentary
Chief Executive Stephanie Ferris said that banks continue to commit to technology modernization and to investments in artificial intelligence, which she described as supportive of demand for the company’s products and services.
Drivers cited for the weaker outlook
The company attributed the lower 2026 guidance in part to economic uncertainty linked to the Iran war and U.S. trade policy, which it said has led some institutions and retailers to be more cautious about technology spending. That cautious stance is weighing on demand for certain banking and capital-markets products offered by FIS.
Implications
The updated guidance and the market reaction highlight short-term sensitivity in technology and payments spending among banks, retailers, and capital-markets clients as external geopolitical and policy risks weigh on decision-making.