FIS, the Jacksonville banking and capital markets technology provider, reported FIS Q3 2026 revenue of about $3.5 billion on 4 November 2026, up 27%, with adjusted EPS of $1.61, according to its results release. Fintechbits compared the outlook with FIS’s 4 August results, filed with the SEC, which guided 2026 adjusted EPS of $6.15 to $6.24 and revenue of $13.630 billion to $13.695 billion; the new outlook is $5.82 to $5.89 and $13.445 billion to $13.505 billion, and pro forma revenue growth falls from 4.5% to 5.0% to 3.1% to 3.6%. On the same day, FIS said chief financial officer James Kehoe would step down on 5 November.

What FIS Q3 2026 Showed

Reported FIS Q3 2026 growth is flattered by the Total Issuing Solutions acquisition, which FIS bought from Global Payments. Strip it out and pro forma revenue grew 3.7%, with recurring revenue up 2.5%. Banking Solutions revenue rose 41% reported but 3.9% pro forma; Capital Market Solutions grew 3%.

Against its own August guide, FIS Q3 2026 was in range. FIS had forecast adjusted EPS of $1.58 to $1.62 and revenue of $3.415 billion to $3.445 billion for the third quarter. Adjusted EPS of $1.61 landed near the top. Adjusted EBITDA margin expanded 111 basis points to 42.9%.

Stephanie Ferris, chief executive, said FIS is investing in “security and innovation” and that these investments “will build a more recurring, predictable revenue base”.

Two Cuts in a Row

The August outlook was itself a cut. In that release, FIS lowered pro forma revenue growth to 4.5% to 5.0% from 5.1% to 5.7%. The November outlook takes it to 3.1% to 3.6%. Full-year adjusted EPS growth is now guided at 1.2% to 2.4%, against 7.0% to 8.5% in August. FIS kept its free cash flow target of $2.15 billion to $2.25 billion.

Alexandra Brooks, executive vice president and chief accounting officer, becomes interim CFO from 5 November. Kehoe stays as a non-executive senior adviser through March 2027, and FIS has started a search that will consider internal and external candidates.

Fintechbits analysis

Why FIS Q3 2026 Raises Questions About the Issuing Deal

FIS bought the issuing business to add high-margin recurring revenue, and the margin part is working. The growth part is not, and FIS Q3 2026 makes that plain. Pro forma growth of 3.7% in the quarter, and a full-year guide that has now been cut twice, suggests the combined company is growing slower than the 5.1% to 5.7% pro forma range FIS guided before August. Ferris frames the spending as an investment in security and innovation, which may be right, but it also explains why EPS growth for the year is now close to flat.

A CFO leaving on results day, after two guidance cuts, will be read as a signal whatever the reason. FIS gave no reason beyond a transition. Chime’s finance chief also left alongside weaker news in August, as Fintechbits reported, and markets tend to treat these exits as a warning until a permanent hire is named. Debt adds to the pressure. The Fintechbits State of Fintech Q3 2026 report tallied about $22.3 billion of fintech acquisitions signed in the third quarter, and FIS is one of the buyers still digesting a large one: in August FIS said it had paused tuck-in deals and curtailed buybacks until its gross debt ratio falls to its target of about 2.8 times.

Frequently asked questions

What did FIS report for FIS Q3 2026?

FIS reported revenue of about $3.5 billion, up 27%, adjusted EPS of $1.61 and adjusted EBITDA of about $1.5 billion. Pro forma revenue growth was 3.7%.

Did FIS lower its 2026 guidance?

Yes. Full-year adjusted EPS guidance moved to $5.82 to $5.89 from $6.15 to $6.24 in August, and pro forma revenue growth to 3.1% to 3.6% from 4.5% to 5.0%.

Who is FIS’s interim CFO?

Alexandra Brooks, executive vice president and chief accounting officer, is interim CFO from 5 November 2026 while FIS searches for a permanent replacement for James Kehoe.

What to Watch Next

After FIS Q3 2026, the appointment of a permanent CFO, and whether that person comes from outside, will shape how investors read the guidance cuts. The bigger test is the 2027 outlook, due with fourth-quarter results: if pro forma growth is guided below 4% again, the issuing acquisition will look like a margin deal rather than a growth one.