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Side-by-side financial comparison of Fidelity National Information Services (FIS) and Workday, Inc. (WDAY). 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 $2.4B, roughly 1.2× Workday, Inc.). Fidelity National Information Services runs the higher net margin — 18.2% vs 10.4%, a 7.8% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 8.1%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $550.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% 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.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
FIS vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $2.4B |
| Net Profit | $511.0M | $252.0M |
| Gross Margin | 38.3% | — |
| Operating Margin | 18.8% | 10.6% |
| Net Margin | 18.2% | 10.4% |
| Revenue YoY | 8.1% | 12.6% |
| Net Profit YoY | 97.3% | 30.6% |
| EPS (diluted) | $0.98 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.5B | $2.0B | ||
| Q1 24 | $2.5B | $1.9B |
| Q4 25 | $511.0M | $252.0M | ||
| Q3 25 | $264.0M | $228.0M | ||
| Q2 25 | $-470.0M | $68.0M | ||
| Q1 25 | $77.0M | $94.0M | ||
| Q4 24 | $259.0M | $193.0M | ||
| Q3 24 | $224.0M | $132.0M | ||
| Q2 24 | $243.0M | $107.0M | ||
| Q1 24 | $724.0M | $1.2B |
| 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% | — |
| Q4 25 | 18.8% | 10.6% | ||
| Q3 25 | 16.8% | 10.6% | ||
| Q2 25 | 15.6% | 1.7% | ||
| Q1 25 | 13.7% | 3.4% | ||
| Q4 24 | 18.5% | 7.6% | ||
| Q3 24 | 19.1% | 5.3% | ||
| Q2 24 | 15.2% | 3.2% | ||
| Q1 24 | 14.6% | 4.1% |
| Q4 25 | 18.2% | 10.4% | ||
| Q3 25 | 9.7% | 9.7% | ||
| Q2 25 | -18.0% | 3.0% | ||
| Q1 25 | 3.0% | 4.3% | ||
| Q4 24 | 10.0% | 8.9% | ||
| Q3 24 | 8.7% | 6.3% | ||
| Q2 24 | 9.8% | 5.4% | ||
| Q1 24 | 29.3% | 61.8% |
| Q4 25 | $0.98 | $0.94 | ||
| Q3 25 | $0.50 | $0.84 | ||
| Q2 25 | $-0.90 | $0.25 | ||
| Q1 25 | $0.15 | $0.34 | ||
| Q4 24 | $0.51 | $0.72 | ||
| Q3 24 | $0.41 | $0.49 | ||
| Q2 24 | $0.44 | $0.40 | ||
| Q1 24 | $1.25 | $4.48 |
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 | $6.8B |
| Total DebtLower is stronger | $9.1B | — |
| Stockholders' EquityBook value | $13.9B | $8.9B |
| Total Assets | $33.5B | $17.8B |
| Debt / EquityLower = less leverage | 0.65× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $599.0M | $6.8B | ||
| Q3 25 | $571.0M | $8.2B | ||
| Q2 25 | $581.0M | $8.0B | ||
| Q1 25 | $805.0M | $8.0B | ||
| Q4 24 | $834.0M | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $2.1B | $7.2B | ||
| Q1 24 | $3.3B | $7.8B |
| 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 | $3.0B | ||
| Q1 24 | $10.6B | $3.0B |
| Q4 25 | $13.9B | $8.9B | ||
| Q3 25 | $13.9B | $9.2B | ||
| Q2 25 | $14.2B | $8.9B | ||
| Q1 25 | $15.1B | $9.0B | ||
| Q4 24 | $15.7B | $8.6B | ||
| Q3 24 | $16.6B | $8.3B | ||
| Q2 24 | $17.0B | $8.2B | ||
| Q1 24 | $18.0B | $8.1B |
| Q4 25 | $33.5B | $17.8B | ||
| Q3 25 | $33.0B | $18.0B | ||
| Q2 25 | $33.4B | $17.2B | ||
| Q1 25 | $32.8B | $18.0B | ||
| Q4 24 | $33.8B | $16.4B | ||
| Q3 24 | $34.3B | $16.2B | ||
| Q2 24 | $34.6B | $15.9B | ||
| Q1 24 | $35.9B | $16.5B |
| 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× | 0.37× | ||
| Q1 24 | 0.59× | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | $739.0M | $550.0M |
| FCF MarginFCF / Revenue | 26.3% | 22.6% |
| Capex IntensityCapex / Revenue | 0.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.48× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $758.0M | $588.0M | ||
| Q3 25 | $1.0B | $616.0M | ||
| Q2 25 | $382.0M | $457.0M | ||
| Q1 25 | $457.0M | $1.1B | ||
| Q4 24 | $782.0M | $406.0M | ||
| Q3 24 | $641.0M | $571.0M | ||
| Q2 24 | $546.0M | $372.0M | ||
| Q1 24 | $206.0M | $995.6M |
| Q4 25 | $739.0M | $550.0M | ||
| Q3 25 | $952.0M | $588.0M | ||
| Q2 25 | $343.0M | $421.0M | ||
| Q1 25 | $420.0M | $1.0B | ||
| Q4 24 | $764.0M | $359.0M | ||
| Q3 24 | $605.0M | $516.0M | ||
| Q2 24 | $530.0M | $291.0M | ||
| Q1 24 | $179.0M | $947.6M |
| Q4 25 | 26.3% | 22.6% | ||
| Q3 25 | 35.0% | 25.0% | ||
| Q2 25 | 13.1% | 18.8% | ||
| Q1 25 | 16.6% | 46.4% | ||
| Q4 24 | 29.4% | 16.6% | ||
| Q3 24 | 23.5% | 24.7% | ||
| Q2 24 | 21.3% | 14.6% | ||
| Q1 24 | 7.3% | 49.3% |
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 2.2% | 1.2% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 0.7% | 2.2% | ||
| Q3 24 | 1.4% | 2.6% | ||
| Q2 24 | 0.6% | 4.1% | ||
| Q1 24 | 1.1% | 2.5% |
| Q4 25 | 1.48× | 2.33× | ||
| Q3 25 | 3.83× | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | 5.94× | 11.83× | ||
| Q4 24 | 3.02× | 2.10× | ||
| Q3 24 | 2.86× | 4.33× | ||
| Q2 24 | 2.25× | 3.48× | ||
| Q1 24 | 0.28× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
