Key Stats
Revenue (2024): $10.13 billion
Market Cap: $33.7 billion (November 2025)
Employees: 50,000 worldwide
Headquarters: Jacksonville, Florida, USA
Transactions Processed: 75 billion annually
Fidelity National Information Services, Inc. (FIS) ranks among the largest financial technology companies in the world. The company provides software and services to banks, capital markets firms, and merchants across more than 130 countries.
FIS processes approximately $9 trillion in transactions each year for over 20,000 clients. The company operates through two primary segments: Banking Solutions and Capital Market Solutions.
Founded in 1968 as Systematics in Little Rock, Arkansas, FIS has grown through strategic acquisitions. The company went public in 2006 and now trades on the New York Stock Exchange as a Fortune 500 company.
FIS History
1968
Walter Smiley founded Systematics in Little Rock, Arkansas. Stephens Inc. provided $450,000 in initial funding. The company developed banking software for community banks.
1990
Alltel Corporation acquired Systematics. The company continued to expand its banking technology services under the Alltel Information Services name.
2003
Fidelity National Financial acquired the information services division from Alltel. The company was renamed Fidelity Information Services (FIS).
2006
FIS went public on the New York Stock Exchange. The same year, FIS acquired Certegy to expand its payment processing capabilities.
2009
FIS completed the acquisition of Metavante Technologies for $4.1 billion. This deal expanded the company’s banking technology portfolio and client base.
2015
FIS acquired SunGard for $9.1 billion. This purchase added capital markets technology and brought FIS into new markets serving asset managers and traders.
2019
FIS acquired Worldpay for $43 billion. This made FIS the largest processing and payments company in the world at the time.
2024
FIS completed the sale of a 55% stake in Worldpay to GTCR for $18.5 billion. The company refocused on its core banking and capital markets businesses.
FIS Co-founders
Walter Smiley
University of Arkansas graduate who founded Systematics in 1968. Smiley identified the need for affordable banking software after working with IBM and in the banking industry.
Jack Stephens
Co-founder of Stephens Inc. who provided $450,000 in initial funding for Systematics. The Stephens family retained an 80% stake and supported long-term growth strategies.
Jon Jacoby
Stephens Inc. executive who created the Systematics name and recruited Walter Smiley to run the company. Jacoby connected Smiley with the Stephens family for funding.
FIS Competitors
FIS competes in the highly concentrated core banking services market. The company faces competition from other major fintech providers serving banks, credit unions, and capital markets firms. Visa and Mastercard also compete in the broader payments ecosystem.
| Company | Headquarters | Primary Focus |
|---|---|---|
| Fiserv | Brookfield, Wisconsin | Core banking, merchant services |
| Jack Henry & Associates | Monett, Missouri | Community bank technology |
| Global Payments | Atlanta, Georgia | Payment processing, software |
| ACI Worldwide | Coral Gables, Florida | Real-time payments software |
| SS&C Technologies | Windsor, Connecticut | Investment management software |
| Broadridge Financial | Lake Success, New York | Investor communications, trading |
| Temenos | Geneva, Switzerland | Banking software platforms |
| Oracle Financial Services | Austin, Texas | Enterprise banking solutions |
| NCR Voyix | Atlanta, Georgia | Digital banking, ATM software |
| Finastra | London, United Kingdom | Lending, treasury solutions |
FIS Market Cap
FIS holds a market capitalization of approximately $33.7 billion as of November 2025. The company reached a peak valuation of nearly $88 billion in 2020 following the Worldpay acquisition. Market cap declined after 2021 due to challenges with the merchant business integration.
FIS Revenue
FIS generated $10.13 billion in revenue during fiscal year 2024 from continuing operations. This represented a 3% increase from the previous year. The company expects revenue growth to accelerate to 4.6% to 5.2% in 2025.
FIS Acquisitions
FIS has grown through dozens of acquisitions over its history. The company has focused on expanding its technology capabilities, geographic reach, and client base in banking and payments.
The 2003 acquisition by Fidelity National Financial marked a turning point. This deal transformed the former Systematics into a broader financial technology provider. FIS quickly added WebTone Technologies, Sanchez Computer Associates, Aurum Technology, and InterCept in 2004 to build its core banking platform.
Certegy joined FIS in 2006, bringing check verification and card processing services. The eFunds acquisition in 2007 added electronic payments and risk management capabilities. These deals positioned FIS as a comprehensive banking technology provider.
Metavante Technologies came aboard in 2009 for $4.1 billion. This acquisition doubled the company’s size and added online banking, payment processing, and treasury management services. Metavante’s client base included many of the largest U.S. banks, complementing FIS’s strength with community and regional institutions.
The SunGard acquisition in 2015 cost $9.1 billion and opened new markets. SunGard brought capital markets technology serving asset managers, traders, custodians, and clearing agents. This deal made FIS a major player in both retail banking and institutional financial services.
Worldpay represented the largest acquisition at $43 billion in 2019. The UK-based payment processor handled e-commerce and in-store transactions for merchants worldwide. However, integration challenges and market conditions led FIS to sell a 55% stake to GTCR in 2024 for $18.5 billion. Other notable acquisitions include mFoundry (2013), Clear2Pay (2014), and Reliance Trust Company (2014). FIS also acquired Capco in 2010, later selling a 60% stake in 2017. The company continues to make smaller acquisitions like digital payment startups to enhance its technology offerings.
FAQs
What does FIS stand for?
FIS stands for Fidelity National Information Services. The name originated when Fidelity National Financial acquired the company in 2003 and renamed it from Alltel Information Services.
Who founded FIS?
Walter Smiley founded the company as Systematics in 1968 in Little Rock, Arkansas. Jack Stephens and Jon Jacoby of Stephens Inc. provided initial funding and named the company.
What services does FIS provide?
FIS provides core banking software, payment processing, capital markets technology, and digital banking solutions. The company serves banks, credit unions, investment firms, and merchants worldwide.
How many transactions does FIS process?
FIS processes approximately 75 billion transactions annually. These transactions facilitate the movement of roughly $9 trillion each year for more than 20,000 clients globally.
Is FIS a Fortune 500 company?
Yes, FIS is a Fortune 500 company. The company also belongs to the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol FIS.
