Does Fidelity National Information Services, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Fidelity National Information Services, Inc. (FIS) 30.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 60, returns on capital 0, balance-sheet safety 14, capital discipline 50.

Is FIS stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $45.60 per share versus a recent price of $41.91 — 8% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has FIS's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 30.9 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Fidelity National Information Services, Inc.

FIS · Technology · $21.6B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power60

Median gross margin 35.7% over 10y, very stable.

Returns on capital0

Median ROIC 3.5%, above the 9% hurdle in 0% of years.

Balance-sheet safety14

Net debt/EBITDA 3.4x, interest coverage 4x.

Capital discipline50

Owner earnings +3.6%/yr, share count n/a.

Margin of safety

Above valueOn sale

8% below value

Owner earnings (normalized): $2.1B
Est. intrinsic value / share: $45.60
Recent price: $41.91
Discount to value: 8% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

20 years of fundamentals

The business, in plain English

Fidelity National Information Services, Inc. booked $10.7B of revenue in FY2025 in the Technology sector and kept 36.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 3.6% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $8.8B (FY2016) to $10.7B (FY2025) — about 2.1% a year compounded over 9 years.

It earned 5.1% on invested capital in FY2025, with a median of 4.5% across 19 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $13.1B of total debt in FY2025 against $2.1B of owner earnings — roughly 6.2 years of owner earnings to retire it all. Balance-Sheet Safety scores it 14/100.

The share count rose 37.2% between FY2009 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 50/100.

Put together: Pricing Power is the strongest of the four filters (60/100) and Returns on Capital the weakest (0/100), which is how FIS lands at 31/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$10.7B FY2025

Gross marginRevenue kept after cost of goods36.9% FY2025

Return on invested capitalOperating profit on the capital employed5.1% FY2025

Owner earningsCash an owner could take out$2.1B FY2025

Gaps in a line mean that item isn’t in FIS’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale30.9 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — FIS has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#413 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#411JOB GEE Group Inc.31.2 out of 100, No moatNo moat
#412MFON Mobivity Holdings Corp.31.1 out of 100, No moatNo moat
#414PRSO Peraso Inc.30.8 out of 100, No moatNo moat
#415CREX CREATIVE REALITIES, INC.30.5 out of 100, No moatNo moat

Compare FIS with its nearest peers →All Technology companies on the Index →

Common questions about FIS

Does Fidelity National Information Services, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Fidelity National Information Services, Inc. (FIS) 30.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 60, returns on capital 0, balance-sheet safety 14, capital discipline 50.
Is FIS stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $45.60 per share versus a recent price of $41.91 — 8% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has FIS's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 30.9 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FIS. See the disclaimer.