Fintech Giants Slide for 7th Day, 2 Trillion Won Vanishes in a Day

Fidelity National Information Services (FIS) saw its stock plunge 5.18% in yesterday’s New York trading, closing at $60.07, erasing approximately $1.5 billion in market value—about ₩2.1 trillion—in a single day. This marked the seventh consecutive session of declines, putting the share price roughly 28% below its 52-week high set last February. In its third quarter of fiscal 2025, the company reported revenue of $2.7 billion and adjusted earnings per share of $1.51, both above analysts’ estimates, and it raised its full-year revenue and profit forecasts. FIS is also accelerating portfolio restructuring and debt management by selling its remaining stake in Worldpay and pursuing the acquisition of Global Payments’ issuer solutions business. Headquartered in Jacksonville, Florida, FIS is an S&P 500 financial-technology firm that supplies core banking and payments infrastructure to banks, broker-dealers and payment networks worldwide. The company has adopted a strategy of spinning off and divesting its previously acquired Worldpay unit to reduce leverage and complexity, focusing instead on stable, fee-based software and financial-infrastructure operations.