Fidelity National Information Services vs Fiserv
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KIRA’s take AI analyst
I put Fidelity National Information Services and Fiserv side by side, using each one’s latest annual report. Here is what stands out:
- Fiserv is the larger business, with $21.2B of revenue in fiscal 2025 against $10.7B for Fidelity National Information Services, about 2.0 times as much.
- Fidelity National Information Services grew revenue faster (5.4%, against 3.6%).
- Fiserv kept more of each dollar of sales as operating profit (27.5% operating margin, against 16.3%).
- Fidelity National Information Services turned more of its sales into free cash flow (23.0% FCF margin, against 20.3%).
- Fiserv earned a higher return on the capital invested in it (9.0%, against 5.1%).
- Investors pay more for each dollar of Fiserv’s earnings: a P/E of 9.3x against 5.7x for Fidelity National Information Services.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Fidelity National Information Services
FIS
2/10
Revenue growthFCF margin
Fiserv
FISV
8/10
5-year growthOperating marginNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | FIS FY25 | FISV FY25 |
|---|---|---|
| Size | ||
| Market cap | $19.1B | $25.8B |
| Revenue | $10.7B | $21.2B |
| Free cash flow | $2.5B | $4.3B |
| Net income | $382M | $3.5B |
| Growth | ||
| Revenue growth | 5.4% | 3.6% |
| 5-year growth | −3.2% | 7.4% |
| Share count change | −5.4% | −5.7% |
| Profitability | ||
| Gross margin | 36.9% | — |
| Operating margin | 16.3% | 27.5% |
| Net margin | 3.6% | 16.4% |
| FCF margin | 23.0% | 20.3% |
| Return on capital | 5.1% | 9.0% |
| Return on equity | 2.6% | 13.2% |
| Balance sheet | ||
| Net debt | $12.5B | $28.2B |
| Net debt / EBITDA | 3.4x | 3.2x |
| Dividends and buybacks | $2.3B | $0.0M |
| Valuation & quality | ||
| P/E | 5.7x | 9.3x |
| Piotroski F-score | 5 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.