Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

This company has been moved to the archive! The financial data has not been updated since May 2, 2023.

Analysis of Revenues 

Microsoft Excel

Revenues as Reported

Fidelity National Information Services Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Transaction processing and services 11,251 10,648 9,588 7,358 5,731
Software maintenance 867 872 848 844 834
Other recurring 392 360 343 320 321
Recurring revenue 12,510 11,880 10,779 8,522 6,886
Software license 546 511 425 499 416
Professional services 1,061 1,048 1,038 994 970
Other non-recurring fees 411 438 310 318 151
Non-recurring revenue 2,018 1,997 1,773 1,811 1,537
Revenue 14,528 13,877 12,552 10,333 8,423

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


The analyzed data reveals several notable trends in the company's revenue streams over the five-year period ending in 2022. Overall revenue exhibited continuous growth, increasing from US$8,423 million in 2018 to US$14,528 million in 2022, indicating a strong upward trajectory in total income.

Recurring Revenue
Recurring revenue grew substantially from US$6,886 million in 2018 to US$12,510 million in 2022. This increase is driven predominantly by the transaction processing and services segment, which expanded from US$5,731 million to US$11,251 million over the same period. Software maintenance revenues remained relatively stable, fluctuating slightly but staying close to the US$850 million range. The other recurring category showed a steady upward trend, increasing from US$321 million to US$392 million.
Non-Recurring Revenue
Non-recurring revenue experienced moderate growth, rising from US$1,537 million in 2018 to US$2,018 million in 2022. Within this category, professional services demonstrated a slight but consistent increase, moving from US$970 million to US$1,061 million. Other non-recurring fees, after a significant jump from US$151 million in 2018 to US$318 million in 2019, stabilized around the US$400 million mark in subsequent years. Software license revenues showed volatility but maintained an overall upward bias, starting at US$416 million in 2018 and ending at US$546 million in 2022.
Summary of Growth Patterns
The company’s growth is largely fueled by expanding transaction processing and services, which form the largest component of recurring revenue. The stability in software maintenance revenues suggests a mature and steady income source. Non-recurring revenues contribute a smaller but consistent portion to the total revenue, with professional services providing a minor growth component. The fluctuations in software license revenues suggest that this area may be more influenced by market or operational factors but still contributes positively overall.