Quarterly gross profit of Fidelity National Information Services (FIS) 2009-2024
FIS' profits picked up in Q1 2024, growing by over 10 percent when compared to the same quarter in 2023. FIS, or Fidelity National Information Services, is a U.S. fintech company that provides payment processing services to retail and banking. It is the company that took over UK payment processor Worldpay in 2019 but sold it again in January 2024 due to FIS' overall lack of profitability. FIS ranked as one of the biggest merchant acquirers in the United States in 2022, based on the number of transactions processed.