Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Fidelity National Info Serv / Equity Bottom-Up

<ul><li>Fidelity National Information Services, Inc. (FIS) reported second quarter 2026 results reflecting mixed performance across its business segments while demonstrating progress toward strategic objectives set out in its multiyear transformation plan.</li><li>Overall, the company delivered pro forma revenue of $3.4 billion, up 5.3%, with adjusted EBITDA growing 7.4% and adjusted earnings per share increasing 8.8%, both toward the higher end of guidance ranges.</li><li>Free cash flow more than tripled year-over-year to $525 million, prompting an upward revision of the full-year free cash flow outlook by $100 million to a range of $2.15 billion to $2.25 billion.</li></ul>

Fidelity National Information Services, Inc. (FIS) reported second quarter 2026 results reflecting mixed performance across its business segments while demonstrating progress toward strategic objectives set out in its multiyear transformation plan.Overall, the company delivered pro forma revenue of $3.4 billion, up 5.3%, with adjusted EBITDA growing 7.4% and adjusted earnings per share increasing 8.8%, both toward the higher end of guidance ranges.Free cash flow more than tripled year-over-year to $525 million, prompting an upward revision of the full-year free cash flow outlook by $100 million to a range of $2.15 billion to $2.25 billion.

Fidelity National Information Services’ $28 Billion Opportunity — Total Issuing Opens A New Growth Lane!

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<ul>
  <li>Following the spin-off of its Worldpay merchant acquiring business, FIS has sharpened its focus on its core, high-margin Banking and Capital Markets technology segments, which are characterized by long-term contracts and high client switching costs.</li>
  <li>The company is pursuing its 'Future Forward' strategy, aimed at enhancing operational efficiency, driving innovation in areas like AI-powered solutions, and returning capital to shareholders. A key initiative includes a partnership with Anthropic to develop AI agents for financial crime detection.</li>
  <li>While facing competitive pressure from both large-scale rivals like Fiserv and nimble cloud-native fintechs, FIS maintains a dominant market position in core banking software, particularly with large, global financial institutions, which provides a stable, recurring revenue base.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Following the spin-off of its Worldpay merchant acquiring business, FIS has sharpened its focus on its core, high-margin Banking and Capital Markets technology segments, which are characterized by long-term contracts and high client switching costs.
  The company is pursuing its 'Future Forward' strategy, aimed at enhancing operational efficiency, driving innovation in areas like AI-powered solutions, and returning capital to shareholders. A key initiative includes a partnership with Anthropic to develop AI agents for financial crime detection.
  While facing competitive pressure from both large-scale rivals like Fiserv and nimble cloud-native fintechs, FIS maintains a dominant market position in core banking software, particularly with large, global financial institutions, which provides a stable, recurring revenue base.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Fidelity National Info Serv (FIS US) - Aug 2026

<ul><li>Fidelity National Information Services, Inc. (FIS) reported a strong start to fiscal year 2026, exceeding expectations across key financial metrics.</li><li>The company achieved pro forma revenue growth of 6.5%, with adjusted EBITDA margins expanding by 87 basis points to 39.6%, driven by favorable product mix and ongoing cost savings initiatives.</li><li>Adjusted earnings per share increased 12.4% to $1.36, while free cash flow more than doubled year-over-year to $474 million despite the first quarter traditionally accounting for a smaller portion of annual cash generation.</li></ul>

Fidelity National Information Services, Inc. (FIS) reported a strong start to fiscal year 2026, exceeding expectations across key financial metrics.The company achieved pro forma revenue growth of 6.5%, with adjusted EBITDA margins expanding by 87 basis points to 39.6%, driven by favorable product mix and ongoing cost savings initiatives.Adjusted earnings per share increased 12.4% to $1.36, while free cash flow more than doubled year-over-year to $474 million despite the first quarter traditionally accounting for a smaller portion of annual cash generation.

Fidelity National Information Services’ $474 Million Cash Flow Surge — Is The Market Missing It?

<ul><li>Fidelity National Information Services, Inc. (FIS) reported strong financial performance for the fourth quarter of 2025, demonstrating resilience amidst changing market dynamics.</li><li>The company exceeded expectations in several key metrics, showcasing its robust operational strategy and positioning in the financial services sector.</li><li>Positively, FIS reported a year-over-year revenue growth of 7.4%, led by a substantial increase in recurring revenues at 7.8%.</li></ul>

Fidelity National Information Services, Inc. (FIS) reported strong financial performance for the fourth quarter of 2025, demonstrating resilience amidst changing market dynamics.The company exceeded expectations in several key metrics, showcasing its robust operational strategy and positioning in the financial services sector.Positively, FIS reported a year-over-year revenue growth of 7.4%, led by a substantial increase in recurring revenues at 7.8%.

Fidelity Information Services: Reinventing Core Banking and Payments With Domain-Specific AI

<ul><li>Fidelity National Information Services (FIS) reported robust third-quarter 2025 results that exceeded expectations and reflected strong momentum in key business areas.</li><li>The company showcased solid performance metrics, including a 6.3% growth in adjusted revenue, a 41.8% surge in adjusted EBITDA margins, and an adjusted EPS increase of 8% year-over-year to $1.51.</li><li>This performance underscores FIS's Future Forward strategy which emphasizes leveraging foundational strengths and disciplined capital allocation for profitable growth.</li></ul>

Fidelity National Information Services (FIS) reported robust third-quarter 2025 results that exceeded expectations and reflected strong momentum in key business areas.The company showcased solid performance metrics, including a 6.3% growth in adjusted revenue, a 41.8% surge in adjusted EBITDA margins, and an adjusted EPS increase of 8% year-over-year to $1.51.This performance underscores FIS's Future Forward strategy which emphasizes leveraging foundational strengths and disciplined capital allocation for profitable growth.

Fidelity National Information Services (FIS): Can Its Bold Cash Flow Strategy Deliver a Powerful 90%+ Conversion Breakthrough?

United States

Fidelity National Information Services, Inc. is a payment services provider. The Company provides credit and debit card processing, electronic banking services, check risk management, check cashing, and merchant card processing services to financial institutions and merchants.

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Fidelity National Info Serv (FIS US)

Fidelity National Information Services’ $28 Billion Opportunity — Total Issuing Opens A New Growth Lane!

Fidelity National Information Services, Inc. (FIS) reported second quarter 2026 results reflecting mixed performance across its business segments...

Baptista Research

Primer: Fidelity National Info Serv (FIS US) - Aug 2026

Following the spin-off of its Worldpay merchant acquiring business, FIS has sharpened its focus on its core, high-margin Banking and Capital...

αSK Primers

Fidelity National Information Services’ $474 Million Cash Flow Surge — Is The Market Missing It?

Fidelity National Information Services, Inc. (FIS) reported a strong start to fiscal year 2026, exceeding expectations across key financial...

Baptista Research

Fidelity Information Services: Reinventing Core Banking and Payments With Domain-Specific AI

Fidelity National Information Services, Inc. (FIS) reported strong financial performance for the fourth quarter of 2025, demonstrating resilience...

Baptista Research

Fidelity National Information Services (FIS): Can Its Bold Cash Flow Strategy Deliver a Powerful 90%+ Conversion Breakthrough?

Fidelity National Information Services (FIS) reported robust third-quarter 2025 results that exceeded expectations and reflected strong momentum...

Baptista Research

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