Fidelity National Information Services Capital Market Solutions — Cost of revenue increased by 13.0% to $52.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $53.00M to $52.00M. Over 3 years (FY 2022 to FY 2025), Capital Market Solutions — Cost of revenue shows relatively stable performance with a 2.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A lower ratio of cost of revenue to total revenue indicates improved operational efficiency and higher gross margins.
Direct costs associated with delivering the services and software solutions within the Capital Market Solutions segment....
Comparable to cost of goods sold (COGS) or direct service costs in other software-as-a-service (SaaS) or fintech companies.
fis_segment_capital_market_solutions_cost_of_revenue| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $44.00M | $44.00M | $44.00M | $44.00M | $45.00M | $45.00M | $45.00M | $45.00M | $43.00M | $41.00M | $42.00M | $42.00M | $53.00M | $45.00M | $45.00M | $46.00M | $52.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +2.3% | +0.0% | +0.0% | +0.0% | -4.4% | -4.7% | +2.4% | +0.0% | +26.2% | -15.1% | +0.0% | +2.2% | +13.0% |
| YoY Change | — | — | — | — | +2.3% | +2.3% | +2.3% | +2.3% | -4.4% | -8.9% | -6.7% | -6.7% | +23.3% | +9.8% | +7.1% | +9.5% | -1.9% |