FIS sees little change in revenues in Q3 2022
On a GAAP basis, FIS’s revenue increased by approximately $100 million, or 3% as compared to the prior-year period, to $3.6 billion.
On a GAAP basis, FIS’s revenue increased by approximately $100 million, or 3% as compared to the prior-year period, to $3.6 billion.
FIS saw revenue increase by more than $250 million, or 8% as compared to the prior-year period, to $3.5 billion.
FIS registered consolidated revenue of $3,316 million, down 1%, mainly due to negative consumer spending trends associated with COVID-19.
In the third quarter of 2020, FIS generated revenue synergies of $150 million from the Worldpay acquisition.