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Side-by-side financial comparison of Fidelity National Information Services (FIS) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.8B, roughly 1.3× Fidelity National Information Services). SHOPIFY INC. runs the higher net margin — 20.2% vs 18.2%, a 2.1% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 8.1%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $715.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 6.8%).
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
FIS vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $3.7B |
| Net Profit | $511.0M | $743.0M |
| Gross Margin | 38.3% | 46.1% |
| Operating Margin | 18.8% | 17.2% |
| Net Margin | 18.2% | 20.2% |
| Revenue YoY | 8.1% | 30.6% |
| Net Profit YoY | 97.3% | -42.5% |
| EPS (diluted) | $0.98 | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.8B | $3.7B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.6B | $2.7B | ||
| Q1 25 | $2.5B | $2.4B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.5B | $2.0B | ||
| Q1 24 | $2.5B | $1.9B |
| Q4 25 | $511.0M | $743.0M | ||
| Q3 25 | $264.0M | $264.0M | ||
| Q2 25 | $-470.0M | $906.0M | ||
| Q1 25 | $77.0M | $-682.0M | ||
| Q4 24 | $259.0M | $1.3B | ||
| Q3 24 | $224.0M | $828.0M | ||
| Q2 24 | $243.0M | $171.0M | ||
| Q1 24 | $724.0M | $-273.0M |
| Q4 25 | 38.3% | 46.1% | ||
| Q3 25 | 37.8% | 48.9% | ||
| Q2 25 | 36.4% | 48.6% | ||
| Q1 25 | 34.7% | 49.5% | ||
| Q4 24 | 36.9% | 48.1% | ||
| Q3 24 | 38.0% | 51.7% | ||
| Q2 24 | 38.2% | 51.1% | ||
| Q1 24 | 37.1% | 51.4% |
| Q4 25 | 18.8% | 17.2% | ||
| Q3 25 | 16.8% | 12.1% | ||
| Q2 25 | 15.6% | 10.9% | ||
| Q1 25 | 13.7% | 8.6% | ||
| Q4 24 | 18.5% | 16.5% | ||
| Q3 24 | 19.1% | 13.1% | ||
| Q2 24 | 15.2% | 11.8% | ||
| Q1 24 | 14.6% | 4.6% |
| Q4 25 | 18.2% | 20.2% | ||
| Q3 25 | 9.7% | 9.3% | ||
| Q2 25 | -18.0% | 33.8% | ||
| Q1 25 | 3.0% | -28.9% | ||
| Q4 24 | 10.0% | 46.0% | ||
| Q3 24 | 8.7% | 38.3% | ||
| Q2 24 | 9.8% | 8.4% | ||
| Q1 24 | 29.3% | -14.7% |
| Q4 25 | $0.98 | $0.58 | ||
| Q3 25 | $0.50 | $0.20 | ||
| Q2 25 | $-0.90 | $0.69 | ||
| Q1 25 | $0.15 | $-0.53 | ||
| Q4 24 | $0.51 | $0.99 | ||
| Q3 24 | $0.41 | $0.64 | ||
| Q2 24 | $0.44 | $0.13 | ||
| Q1 24 | $1.25 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $599.0M | $5.8B |
| Total DebtLower is stronger | $9.1B | — |
| Stockholders' EquityBook value | $13.9B | $13.5B |
| Total Assets | $33.5B | $15.2B |
| Debt / EquityLower = less leverage | 0.65× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $599.0M | $5.8B | ||
| Q3 25 | $571.0M | $6.3B | ||
| Q2 25 | $581.0M | $5.8B | ||
| Q1 25 | $805.0M | $5.5B | ||
| Q4 24 | $834.0M | $5.5B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $10.5B | — | ||
| Q2 24 | $10.6B | — | ||
| Q1 24 | $10.6B | — |
| Q4 25 | $13.9B | $13.5B | ||
| Q3 25 | $13.9B | $12.5B | ||
| Q2 25 | $14.2B | $12.1B | ||
| Q1 25 | $15.1B | $11.1B | ||
| Q4 24 | $15.7B | $11.6B | ||
| Q3 24 | $16.6B | $10.1B | ||
| Q2 24 | $17.0B | $9.2B | ||
| Q1 24 | $18.0B | $8.9B |
| Q4 25 | $33.5B | $15.2B | ||
| Q3 25 | $33.0B | $15.0B | ||
| Q2 25 | $33.4B | $14.6B | ||
| Q1 25 | $32.8B | $13.4B | ||
| Q4 24 | $33.8B | $13.9B | ||
| Q3 24 | $34.3B | — | ||
| Q2 24 | $34.6B | — | ||
| Q1 24 | $35.9B | — |
| Q4 25 | 0.65× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.59× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $758.0M | $725.0M |
| Free Cash FlowOCF − Capex | $739.0M | $715.0M |
| FCF MarginFCF / Revenue | 26.3% | 19.5% |
| Capex IntensityCapex / Revenue | 0.7% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.48× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $758.0M | $725.0M | ||
| Q3 25 | $1.0B | $513.0M | ||
| Q2 25 | $382.0M | $428.0M | ||
| Q1 25 | $457.0M | $367.0M | ||
| Q4 24 | $782.0M | $615.0M | ||
| Q3 24 | $641.0M | $423.0M | ||
| Q2 24 | $546.0M | $340.0M | ||
| Q1 24 | $206.0M | $238.0M |
| Q4 25 | $739.0M | $715.0M | ||
| Q3 25 | $952.0M | $507.0M | ||
| Q2 25 | $343.0M | $422.0M | ||
| Q1 25 | $420.0M | $363.0M | ||
| Q4 24 | $764.0M | $611.0M | ||
| Q3 24 | $605.0M | $421.0M | ||
| Q2 24 | $530.0M | $333.0M | ||
| Q1 24 | $179.0M | $232.0M |
| Q4 25 | 26.3% | 19.5% | ||
| Q3 25 | 35.0% | 17.8% | ||
| Q2 25 | 13.1% | 15.7% | ||
| Q1 25 | 16.6% | 15.4% | ||
| Q4 24 | 29.4% | 21.7% | ||
| Q3 24 | 23.5% | 19.5% | ||
| Q2 24 | 21.3% | 16.3% | ||
| Q1 24 | 7.3% | 12.5% |
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 2.2% | 0.2% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 0.7% | 0.1% | ||
| Q3 24 | 1.4% | 0.1% | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 1.1% | 0.3% |
| Q4 25 | 1.48× | 0.98× | ||
| Q3 25 | 3.83× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 5.94× | — | ||
| Q4 24 | 3.02× | 0.48× | ||
| Q3 24 | 2.86× | 0.51× | ||
| Q2 24 | 2.25× | 1.99× | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
