The company said GAAP revenue for Q2 2024 on a continuing operations basis rose 3% from the prior-year period to about $2.5 billion, and GAAP net earnings attributable to FIS common stockholders from continuing operations were $242 million, or $0.43 per diluted share. Adjusted EPS rose 79% from the prior-year period to $1.36.

1. 01

   The company said GAAP revenue for Q2 2024 on a continuing operations basis rose 3% from the prior-year period to about $2.5 billion, and GAAP net earnings attributable to FIS common stockholders from continuing operations were $242 million, or $0.43 per diluted share. Adjusted EPS rose 79% from the prior-year period to $1.36.

2. 02

   The company said Adjusted EBITDA margin for Q2 expanded 110 basis points from the prior-year period to 40.1%. It cited cost savings initiatives and a higher-margin revenue mix as the drivers.

3. 03

   The company said it repurchased $1.1 billion of shares in Q2, and that year-to-date repurchases totaled $2.5 billion. On August 1, 2024, its Board of Directors approved a new $3 billion share repurchase authorization.

4. 04

   The company set its outlook for full-year 2024 revenue at $10,120 million to $10,170 million and Adjusted EPS at $5.03 to $5.11. It said it raised its Adjusted EPS outlook by about 3% from the prior outlook, and that the outlook reflects 11 months of EMI contribution for the full year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.