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Side-by-side financial comparison of Fidelity National Information Services (FIS) and THOMSON REUTERS CORP (TRI). Click either name above to swap in a different company.

Fidelity National Information Services is the larger business by last-quarter revenue ($2.8B vs $1.8B, roughly 1.6× THOMSON REUTERS CORP). Fidelity National Information Services runs the higher net margin — 18.2% vs 17.5%, a 0.6% gap on every dollar of revenue. On growth, Fidelity National Information Services posted the faster year-over-year revenue change (8.1% vs 2.6%).

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.

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, New...

FIS vs TRI — Head-to-Head

Bigger by revenue
FIS
FIS
1.6× larger
FIS
$2.8B
$1.8B
TRI
Growing faster (revenue YoY)
FIS
FIS
+5.5% gap
FIS
8.1%
2.6%
TRI
Higher net margin
FIS
FIS
0.6% more per $
FIS
18.2%
17.5%
TRI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FIS
FIS
TRI
TRI
Revenue
$2.8B
$1.8B
Net Profit
$511.0M
$313.0M
Gross Margin
38.3%
Operating Margin
18.8%
24.4%
Net Margin
18.2%
17.5%
Revenue YoY
8.1%
2.6%
Net Profit YoY
97.3%
-62.8%
EPS (diluted)
$0.98
$0.69

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.

Revenue
FIS
FIS
TRI
TRI
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.6B
$1.8B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
$1.7B
Q1 24
$2.5B
Net Profit
FIS
FIS
TRI
TRI
Q4 25
$511.0M
Q3 25
$264.0M
Q2 25
$-470.0M
$313.0M
Q1 25
$77.0M
Q4 24
$259.0M
Q3 24
$224.0M
Q2 24
$243.0M
$841.0M
Q1 24
$724.0M
Gross Margin
FIS
FIS
TRI
TRI
Q4 25
38.3%
Q3 25
37.8%
Q2 25
36.4%
Q1 25
34.7%
Q4 24
36.9%
Q3 24
38.0%
Q2 24
38.2%
Q1 24
37.1%
Operating Margin
FIS
FIS
TRI
TRI
Q4 25
18.8%
Q3 25
16.8%
Q2 25
15.6%
24.4%
Q1 25
13.7%
Q4 24
18.5%
Q3 24
19.1%
Q2 24
15.2%
23.9%
Q1 24
14.6%
Net Margin
FIS
FIS
TRI
TRI
Q4 25
18.2%
Q3 25
9.7%
Q2 25
-18.0%
17.5%
Q1 25
3.0%
Q4 24
10.0%
Q3 24
8.7%
Q2 24
9.8%
48.3%
Q1 24
29.3%
EPS (diluted)
FIS
FIS
TRI
TRI
Q4 25
$0.98
Q3 25
$0.50
Q2 25
$-0.90
$0.69
Q1 25
$0.15
Q4 24
$0.51
Q3 24
$0.41
Q2 24
$0.44
$1.86
Q1 24
$1.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIS
FIS
TRI
TRI
Cash + ST InvestmentsLiquidity on hand
$599.0M
$664.0M
Total DebtLower is stronger
$9.1B
Stockholders' EquityBook value
$13.9B
$12.6B
Total Assets
$33.5B
$18.0B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIS
FIS
TRI
TRI
Q4 25
$599.0M
Q3 25
$571.0M
Q2 25
$581.0M
$664.0M
Q1 25
$805.0M
Q4 24
$834.0M
Q3 24
$1.3B
Q2 24
$2.1B
$1.7B
Q1 24
$3.3B
Total Debt
FIS
FIS
TRI
TRI
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
Stockholders' Equity
FIS
FIS
TRI
TRI
Q4 25
$13.9B
Q3 25
$13.9B
Q2 25
$14.2B
$12.6B
Q1 25
$15.1B
Q4 24
$15.7B
Q3 24
$16.6B
Q2 24
$17.0B
$11.6B
Q1 24
$18.0B
Total Assets
FIS
FIS
TRI
TRI
Q4 25
$33.5B
Q3 25
$33.0B
Q2 25
$33.4B
$18.0B
Q1 25
$32.8B
Q4 24
$33.8B
Q3 24
$34.3B
Q2 24
$34.6B
$18.4B
Q1 24
$35.9B
Debt / Equity
FIS
FIS
TRI
TRI
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
FIS
FIS
TRI
TRI
Operating Cash FlowLast quarter
$758.0M
$746.0M
Free Cash FlowOCF − Capex
$739.0M
FCF MarginFCF / Revenue
26.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.48×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIS
FIS
TRI
TRI
Q4 25
$758.0M
Q3 25
$1.0B
Q2 25
$382.0M
$746.0M
Q1 25
$457.0M
Q4 24
$782.0M
Q3 24
$641.0M
Q2 24
$546.0M
$705.0M
Q1 24
$206.0M
Free Cash Flow
FIS
FIS
TRI
TRI
Q4 25
$739.0M
Q3 25
$952.0M
Q2 25
$343.0M
Q1 25
$420.0M
Q4 24
$764.0M
Q3 24
$605.0M
Q2 24
$530.0M
Q1 24
$179.0M
FCF Margin
FIS
FIS
TRI
TRI
Q4 25
26.3%
Q3 25
35.0%
Q2 25
13.1%
Q1 25
16.6%
Q4 24
29.4%
Q3 24
23.5%
Q2 24
21.3%
Q1 24
7.3%
Capex Intensity
FIS
FIS
TRI
TRI
Q4 25
0.7%
Q3 25
2.2%
Q2 25
1.5%
Q1 25
1.5%
Q4 24
0.7%
Q3 24
1.4%
Q2 24
0.6%
Q1 24
1.1%
Cash Conversion
FIS
FIS
TRI
TRI
Q4 25
1.48×
Q3 25
3.83×
Q2 25
2.38×
Q1 25
5.94×
Q4 24
3.02×
Q3 24
2.86×
Q2 24
2.25×
0.84×
Q1 24
0.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIS
FIS

Banking Solutions$1.6B57%
Other$701.0M25%
Capital Market Solutions$508.0M18%

TRI
TRI

Segment breakdown not available.

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