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FIS (NYSE: FIS) closes Worldpay divestiture and Issuer Solutions acquisition

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Fidelity National Information Services (FIS) has completed a major strategic transaction reshaping its business mix. On January 9, 2026, FIS closed its previously announced acquisition of the Issuer Solutions business from Global Payments.

Under the transaction agreements, FIS acquired the Issuer Solutions Business in exchange for its equity interest in Worldpay Holdco, LLC and approximately $7.7 billion in cash, with the cash amount subject to customary post-closing adjustments. The purchase price paid by Global Payments for Worldpay was based on a $24.25 billion enterprise valuation for Worldpay, while the purchase price paid by FIS for the Issuer Solutions Business was based on a $13.5 billion enterprise valuation.

Concurrently, Global Payments completed the acquisition of 100% of the Worldpay equity interests it did not already own. FIS plans to file required financial statements and pro forma financial information for the acquired Issuer Solutions Business by amendment within 71 days of the required filing date.

Positive

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Negative

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Insights

FIS trades its Worldpay stake plus cash for a large issuer-processing platform.

FIS has closed a complex asset swap with Global Payments, exchanging its equity interest in Worldpay and approximately $7.7 billion in cash for Global Payments’ Issuer Solutions Business. The valuations anchor Worldpay at an enterprise value of $24.25 billion and the Issuer Solutions Business at $13.5 billion, with customary cash, debt and working capital adjustments at closing.

This moves FIS away from ownership of Worldpay toward direct control of an issuer-focused processing franchise. The filing does not provide revenue, margin, or integration details for Issuer Solutions, so the economic trade-off between giving up Worldpay and gaining this business is not quantified here.

Financial statements of the acquired business and related pro forma information are expected to be filed within 71 days of the required filing date. Those disclosures will clarify the size, profitability, and balance-sheet effects of consolidating the Issuer Solutions Business and divesting the Worldpay stake.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2026 (January 9, 2026)

 

 

Fidelity National Information Services, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Georgia   1-16427   37-1490331
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

347 Riverside Avenue

Jacksonville, Florida

  32202
(Address of Principal Executive Offices)   (Zip Code)

Registrants’ Telephone Number, including Area Code: (904) 438-6000

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, par value $0.01 per share   FIS   New York Stock Exchange
1.500% Senior Notes due 2027   FIS27   New York Stock Exchange
1.000% Senior Notes due 2028   FIS28   New York Stock Exchange
2.250% Senior Notes due 2029   FIS29   New York Stock Exchange
2.000% Senior Notes due 2030   FIS30   New York Stock Exchange
3.360% Senior Notes due 2031   FIS31   New York Stock Exchange
2.950% Senior Notes due 2039   FIS39   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.01.

Completion of Acquisition or Disposition of Assets.

On January 9, 2026, Fidelity National Information Services, Inc., a Georgia corporation (“FIS”) completed its previously announced (i) acquisition of the Issuer Solutions business (the “Issuer Solutions Business”) from Global Payments Inc., a Georgia corporation (“Global Payments”) and (ii) sale of all of its equity interests in Worldpay Holdco, LLC, a Delaware limited liability company (“Worldpay”), pursuant to the transaction agreement (the “FIS Transaction Agreement”), entered into on April 17, 2025, by and among FIS, Global Payments, Total System Services LLC, a Delaware limited liability company and Worldpay.

Concurrently with the consummation of the transactions contemplated by the FIS Transaction Agreement, Global Payments completed the acquisition of 100% of the issued and outstanding equity interests of Worldpay that were not owned by FIS, pursuant to the transaction agreement (the “GTCR Transaction Agreement” and, together with the FIS Transaction Agreement, the “Transaction Agreements”), entered into on April 17, 2025, by and among Global Payments, Worldpay, certain affiliates of GTCR LLC and certain other parties thereto.

Upon the terms and subject to the conditions set forth in the FIS Transaction Agreement, FIS acquired the Issuer Solutions Business from Global Payments in exchange for FIS’s interest in Worldpay and approximately $7.7 billion in cash, which is equal to the difference between the purchase price payable by FIS in respect of the Issuer Solutions Business and the purchase price payable by Global Payments in respect of FIS’s interest in Worldpay. The cash payment amount is subject to customary post-closing adjustments in respect of the respective purchase price for each of Worldpay and the Issuer Solutions Business.

The purchase price paid by Global Payments in respect of Worldpay was based on a $24.25 billion enterprise valuation of Worldpay, and the purchase price paid by FIS in respect of the Issuer Solutions Business was based on a $13.5 billion enterprise valuation of the Issuer Solutions Business, in each case, subject to customary adjustments for the cash, debt and working capital (relative to a target) of Worldpay and the Issuer Solutions Business, respectively, as of the closing of the transactions contemplated by the Transaction Agreements (the “Closing”).

The foregoing description of the FIS Transaction Agreement does not purport to be complete and is qualified in its entirety by the full text of the FIS Transaction Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by FIS on April 21, 2025 and is incorporated by reference herein.

 

Item 7.01.

Regulation FD Disclosure.

On January 12, 2026, FIS issued a press release announcing the closing of the transactions contemplated by the FIS Transaction Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information contained in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of FIS’s filings under the Securities Act, except as expressly set forth by specific reference in such filing.

 

Item 9.01.

Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information.

The financial statements required by Item 9.01(b) of Form 8-K will be filed by amendment within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.


(d) Exhibits

 

Exhibit
No
  

Description

2.1    Transaction Agreement, dated as of April 17, 2025, by and among Global Payments Inc., Total System Services LLC, FIS and Worldpay Holdco, LLC (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by FIS on April 21, 2025).
99.1    Press Release, dated January 12, 2026.
104    Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: January 12, 2026    

Fidelity National Information Services, Inc.

 

(Registrant)

    By:  

/s/ James Kehoe

    Name:   James Kehoe
    Title:   Chief Financial Officer
    By:  

/s/ Alexandra Brooks

    Name:   Alexandra Brooks
    Title:   Chief Accounting Officer

FAQ

What major transaction did FIS (FIS) complete in January 2026?

FIS completed its acquisition of the Issuer Solutions business from Global Payments and the sale of its equity interests in Worldpay Holdco, LLC, under previously signed transaction agreements.

How did FIS pay for the Issuer Solutions Business from Global Payments?

FIS acquired the Issuer Solutions Business in exchange for its interest in Worldpay and approximately $7.7 billion in cash, subject to customary post-closing purchase price adjustments.

What valuations were used for Worldpay and the Issuer Solutions Business in the FIS deal?

The purchase price for Worldpay was based on a $24.25 billion enterprise valuation, and the purchase price for the Issuer Solutions Business was based on a $13.5 billion enterprise valuation, each subject to customary adjustments.

What happened to Worldpay’s remaining equity interests not owned by FIS?

Concurrently with FIS’s transactions, Global Payments completed the acquisition of 100% of the issued and outstanding equity interests of Worldpay that were not owned by FIS, under a separate transaction agreement.

Will FIS provide financial statements for the acquired Issuer Solutions Business?

Yes. FIS states that financial statements of the acquired Issuer Solutions Business and related pro forma financial information will be filed by amendment within 71 calendar days after the required filing date.

Did FIS issue any communication about closing the Issuer Solutions and Worldpay transactions?

On January 12, 2026, FIS issued a press release announcing the closing of the transactions, which is furnished as Exhibit 99.1.
Fidelity Natl Information Svcs

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