Fidelity National Information Services

Pricing leverage stems from mission‑criticality, embedded workflows, and CPI‑like escalators baked into many contracts. Capital Markets and Banking Solutions both reported recurring revenue growth of about 6 percent in 2025, suggesting steady ability to raise or mix‑upgrade pricing without churn.

The addition of Total Issuing Solutions increases cross‑sell and value‑added services such as fraud, loyalty and analytics, which can carry higher margins over time. Counterforces include bank consolidation and procurement rigor from large financial institutions. Overall pricing power is solid but not monopolistic.