Fidelity National Information Services, Inc. 8-K
Research Summary
AI-generated summary
Fidelity National Information Services Completes Issuer Solutions Acquisition, Sells Worldpay
What Happened
- On January 9, 2026, Fidelity National Information Services, Inc. (FIS) completed (i) the acquisition of the Issuer Solutions business from Global Payments Inc. and (ii) the sale of all equity interests in Worldpay Holdco, LLC, pursuant to the transaction agreement dated April 17, 2025.
- In its February 24, 2026 Form 8‑K (Item 2.02), FIS furnished supplemental financial data to recalculate certain non‑GAAP measures on an adjusted combined‑company basis for fiscal years ended December 31, 2024 and 2025 and for the related quarters in 2025. The adjustments derive from unaudited pro forma condensed combined financial information prepared under Article 11 of Regulation S‑X.
Key Details
- Closing date of transactions: January 9, 2026.
- Transaction agreement originally dated: April 17, 2025 (among FIS, Global Payments, Total System Services LLC and Worldpay).
- FIS filed adjusted combined company supplemental financial information as Exhibit 99.1 to the Form 8‑K.
- The pro forma condensed combined financials for the year ended December 31, 2025 are included in Exhibit 99.2 to FIS’s Form 8‑K/A filed February 24, 2026.
Why It Matters
- These transactions change FIS’s business mix and historical results; the supplemental adjusted metrics help investors compare prior revenue and results on a consistent, combined basis that reflects the Issuer Solutions acquisition and Worldpay disposition.
- The recalculated non‑GAAP measures and pro forma financials provide context for evaluating recent revenue and operating performance and for assessing future earnings trends after the deal changes.