FIS to acquire Global Payments’ Issuer Solutions for $12 billion

FIS has agreed to acquire Global Payments’ Issuer Solutions business for a net purchase price of $12 billion. Issuer Solutions processes over 40 billion transactions annually across 75 countries and is expected to generate $125 million in long-term revenue synergies and $150 million in EBITDA synergies by year three.

To fund the acquisition, FIS will sell its remaining 45% stake in Worldpay to Global Payments for $6.6 billion. The transaction replaces a non-cash minority interest with recurring revenue and cash flow.

FIS expects the deal to be accretive to EBITDA margins, EPS, and free cash flow within 12 months. Both transactions are expected to close in the first half of 2026.