Calculation
| Net profit margin | = | 100 | × | Net earnings attributable to FIS common stockholders1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | -115.09% | = | 100 | × | (16,720) | ÷ | 14,528) |
| Dec 31, 2021 | 3.00% | = | 100 | × | 417) | ÷ | 13,877) |
| Dec 31, 2020 | 1.26% | = | 100 | × | 158) | ÷ | 12,552) |
| Dec 31, 2019 | 2.88% | = | 100 | × | 298) | ÷ | 10,333) |
| Dec 31, 2018 | 10.04% | = | 100 | × | 846) | ÷ | 8,423) |
| Dec 31, 2017 | 14.46% | = | 100 | × | 1,319) | ÷ | 9,123) |
| Dec 31, 2016 | 6.15% | = | 100 | × | 568) | ÷ | 9,241) |
| Dec 31, 2015 | 9.58% | = | 100 | × | 632) | ÷ | 6,595) |
| Dec 31, 2014 | 10.59% | = | 100 | × | 679) | ÷ | 6,414) |
| Dec 31, 2013 | 8.12% | = | 100 | × | 493) | ÷ | 6,071) |
| Dec 31, 2012 | 7.94% | = | 100 | × | 461) | ÷ | 5,808) |
| Dec 31, 2011 | 8.17% | = | 100 | × | 470) | ÷ | 5,746) |
| Dec 31, 2010 | 7.68% | = | 100 | × | 405) | ÷ | 5,270) |
| Dec 31, 2009 | 2.81% | = | 100 | × | 106) | ÷ | 3,770) |
| Dec 31, 2008 | 6.23% | = | 100 | × | 215) | ÷ | 3,446) |
| Dec 31, 2007 | 11.80% | = | 100 | × | 561) | ÷ | 4,758) |
| Dec 31, 2006 | 6.27% | = | 100 | × | 259) | ÷ | 4,133) |
| Dec 31, 2005 | 7.11% | = | 100 | × | 197) | ÷ | 2,766) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin exhibited significant volatility over the observed seventeen-year period, characterized by inconsistent fluctuations despite a general long-term increase in total revenue. While revenue grew from 2.766 billion USD in 2005 to 14.528 billion USD in 2022, the net profit margin did not follow a linear trajectory, instead experiencing several cycles of contraction and expansion.
- Early Volatility and Recovery (2005–2014)
- The period began with margins fluctuating between 6.23% and 11.80%. A notable contraction occurred in 2009, where the net profit margin fell to 2.81%, the lowest point during the first decade of the analysis. This was followed by a steady recovery phase, with the margin climbing back to 10.59% by 2014, suggesting a period of successful operational stabilization and cost management relative to revenue growth.
- Peak Performance and Subsequent Erosion (2015–2021)
- A peak in profitability was reached in 2017, with the net profit margin hitting a high of 14.46%. However, this peak was short-lived, as the margin entered a steep decline starting in 2018. By 2020, the margin had compressed significantly to 1.26%, indicating a sharp decoupling between revenue growth—which continued to rise during this time—and bottom-line profitability.
- Extreme Divergence (2022)
- The final year of the sequence shows an unprecedented divergence between revenue and earnings. Despite reaching a period-high revenue of 14.528 billion USD, net earnings attributable to common stockholders plummeted to negative 16.72 billion USD. This resulted in a net profit margin of -115.09%, representing a catastrophic collapse in profitability and suggesting the occurrence of an extraordinary non-operating loss or significant accounting adjustment.
Overall, the analysis reveals that revenue expansion did not guarantee margin stability. The trajectory shifted from a relatively stable single-to-low-double-digit range to extreme instability, ending in a severe deficit that outweighed total annual revenue.
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Comparison to Competitors
Fidelity National Information Services Inc., net profit margin, long-term trends, comparison to competitors
| Fidelity National Information Services Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | -115.09% | 11.17% | 27.01% | -6.84% | 23.84% | -2.99% | 2.71% | 16.23% | 36.69% | 15.83% | -19.61% | -4.85% | 5.45% | 4.49% | 19.38% | 0.57% |
| Dec 31, 2021 | 3.00% | 11.69% | 30.55% | 1.27% | 23.29% | -2.02% | 10.01% | 21.41% | 36.45% | 33.96% | -33.75% | -11.72% | 19.16% | 3.90% | 18.02% | -6.54% |
| Dec 31, 2020 | 1.26% | 11.52% | 40.88% | — | 22.02% | -4.07% | 7.59% | 23.78% | 30.96% | 25.94% | -106.75% | -7.83% | 0.74% | 2.62% | 18.03% | -13.25% |
| Dec 31, 2019 | 2.88% | 11.06% | 26.42% | — | 42.33% | -4.61% | 12.22% | 22.95% | 31.18% | 28.05% | — | -2.82% | 8.36% | 18.11% | 15.84% | -14.82% |
| Dec 31, 2018 | 10.04% | 9.76% | 28.69% | — | 16.17% | — | 10.97% | 20.31% | 15.02% | 9.60% | — | -6.51% | 1.22% | -1.02% | 13.86% | -14.99% |
| Dec 31, 2017 | 14.46% | 9.37% | 23.20% | — | 10.50% | — | 7.27% | 18.76% | 23.57% | 24.74% | — | -12.30% | 2.14% | -7.71% | 5.01% | -26.01% |
| Dec 31, 2016 | 6.15% | 11.82% | 19.96% | — | 11.18% | — | 14.86% | 20.86% | 19.69% | 24.03% | — | -16.39% | -0.71% | -32.49% | 11.01% | -24.94% |
| Dec 31, 2015 | 9.58% | 9.28% | 13.13% | — | 14.83% | — | 16.14% | 8.71% | 13.03% | 26.00% | — | -17.78% | -4.89% | -19.73% | 10.08% | -31.48% |
| Dec 31, 2014 | 10.59% | 9.23% | 6.47% | — | 10.05% | — | 12.96% | 20.13% | 25.42% | 28.62% | — | -37.86% | -5.70% | -26.28% | 12.59% | -36.79% |
| Dec 31, 2013 | 8.12% | 10.80% | 7.15% | — | 11.25% | — | 16.52% | 20.57% | 28.08% | 29.38% | — | -7.38% | -8.87% | -17.36% | 12.63% | -43.55% |
| Dec 31, 2012 | 7.94% | 8.58% | 18.91% | — | 33.17% | — | 15.89% | 19.08% | 23.03% | 26.89% | — | 0.29% | -0.51% | -15.32% | 10.39% | — |
| Dec 31, 2011 | 8.17% | 8.33% | 19.75% | — | 6.28% | — | 14.83% | 16.46% | 33.10% | 23.99% | — | — | 3.89% | — | 14.42% | — |
| Dec 31, 2010 | 7.68% | 7.71% | 20.39% | — | 13.52% | — | 14.85% | 16.61% | 30.02% | 22.87% | — | — | 6.18% | — | 17.17% | — |
| Dec 31, 2009 | 2.81% | 6.86% | 13.12% | — | -17.58% | — | 14.02% | 14.05% | 24.93% | 24.05% | — | — | 4.03% | — | 12.33% | — |
| Dec 31, 2008 | 6.23% | 6.68% | 24.35% | — | -178.51% | — | 11.90% | 15.52% | 29.26% | 24.61% | — | — | 2.45% | — | 14.21% | — |
| Dec 31, 2007 | 11.80% | 5.79% | 22.92% | — | 18.34% | — | 10.55% | 16.46% | 27.51% | 23.75% | — | — | 0.10% | — | 10.76% | — |
| Dec 31, 2006 | 6.27% | 5.34% | 19.64% | — | 9.61% | — | 10.38% | 17.80% | 28.45% | 23.51% | — | — | 9.19% | — | 2.26% | — |
| Dec 31, 2005 | 7.11% | 5.50% | 30.66% | — | 3.71% | — | 8.71% | 18.73% | 30.80% | 24.46% | — | — | 4.16% | — | -1.56% | — |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Fidelity National Information Services Inc., net profit margin, long-term trends, comparison to sector (software & services)
| Fidelity National Information Services Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | -115.09% | 21.55% |
| Dec 31, 2021 | 3.00% | 25.12% |
| Dec 31, 2020 | 1.26% | 20.08% |
| Dec 31, 2019 | 2.88% | 21.61% |
| Dec 31, 2018 | 10.04% | 12.10% |
| Dec 31, 2017 | 14.46% | 15.36% |
| Dec 31, 2016 | 6.15% | 16.49% |
| Dec 31, 2015 | 9.58% | 14.57% |
| Dec 31, 2014 | 10.59% | 18.21% |
| Dec 31, 2013 | 8.12% | 20.55% |
| Dec 31, 2012 | 7.94% | 18.62% |
| Dec 31, 2011 | 8.17% | 20.48% |
| Dec 31, 2010 | 7.68% | 19.41% |
| Dec 31, 2009 | 2.81% | 17.17% |
| Dec 31, 2008 | 6.23% | 16.67% |
| Dec 31, 2007 | 11.80% | 15.91% |
| Dec 31, 2006 | 6.27% | 15.65% |
| Dec 31, 2005 | 7.11% | 15.06% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Fidelity National Information Services Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Fidelity National Information Services Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | -115.09% | 22.27% |
| Dec 31, 2021 | 3.00% | 23.48% |
| Dec 31, 2020 | 1.26% | 19.76% |
| Dec 31, 2019 | 2.88% | 19.73% |
| Dec 31, 2018 | 10.04% | 18.59% |
| Dec 31, 2017 | 14.46% | 17.77% |
| Dec 31, 2016 | 6.15% | 17.58% |
| Dec 31, 2015 | 9.58% | 18.32% |
| Dec 31, 2014 | 10.59% | 19.33% |
| Dec 31, 2013 | 8.12% | 20.15% |
| Dec 31, 2012 | 7.94% | 20.07% |
| Dec 31, 2011 | 8.17% | 20.71% |
| Dec 31, 2010 | 7.68% | 20.19% |
| Dec 31, 2009 | 2.81% | 14.45% |
| Dec 31, 2008 | 6.23% | 15.07% |
| Dec 31, 2007 | 11.80% | 15.71% |
| Dec 31, 2006 | 6.27% | 16.26% |
| Dec 31, 2005 | 7.11% | 16.64% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).