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SEC Filings

425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
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Net Revenue

Net revenue in this segment increased 28% to $809.6 million for the year ended December 31, 2017 from $633.1 million for the year ended December 31, 2016. The increase during the year ended December 31, 2017 was primarily associated with our continued penetration of small and mid-sized merchants and $35.7 million in net revenue from the Paymetric acquisition.

Sales and Marketing

Sales and marketing expense increased 31% to $277.9 million for the year ended December 31, 2017 from $212.5 million for the year ended December 31, 2016. The increase was primarily attributable to higher residual payments to referral partners as a result of increased revenue in connection with the continued penetration of small and mid-sized merchants.

Merchant Solutions

 

     Year Ended December 31,                
     2017      2016      $ Change      % Change  

Revenue

   $ 2,303.1      $ 2,091.3      $ 211.8        10

Network fees and other costs

     1,325.2        1,178.4        146.8        12  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net revenue

     977.9        912.9        65.0        7  

Sales and marketing

     368.6        345.5        23.1        7  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment profit

   $ 609.3      $ 567.4      $ 41.9        7
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Revenue

Net revenue in this segment increased 7% to $977.9 million for the year ended December 31, 2017 from $912.9 million for the year ended December 31, 2016. The increase during the year ended December 31, 2017 was primarily associated with our continued penetration of small and mid-sized merchants.

Sales and Marketing

Sales and marketing expense increased 7% to $368.6 million for the year ended December 31, 2017 from $345.5 million for the year ended December 31, 2016. The increase was primarily attributable to higher residual payments to referral partners as a result of increased revenue in connection with the continued penetration of small and mid-sized merchants.

Issuer Solutions

 

     Year Ended December 31,                
     2017      2016      $ Change      % Change  

Revenue

   $ 458.9      $ 496.0      $ (37.1      (7 )% 

Network fees and other costs

     123.1        137.2        (14.1      (10
  

 

 

    

 

 

    

 

 

    

 

 

 

Net revenue

     335.8        358.8        (23.0      (6

Sales and marketing

     23.0        24.3        (1.3      (5
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment profit

   $ 312.8      $ 334.5      $ (21.7      (6 )% 
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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