FIS vs JKHY vs QTWO Stock Comparison

Fidelity National Information Services, Jack Henry & Associates and Q2 Holdings Prices as of Oct 23, 2026 Peers: Industry group
QTWO Q2 Holdings, Inc.
$69.38 +24.6% 1M +13.4% 1Y
Market cap
$4.36B
P/E
47.4x
Revenue (TTM)
$846.20M
Div. yield
–
Digital Banking Technology
2 wins

Head to Head

11 decided of 12

Fidelity National Information Services leads on 5 of the 12 questions below (Fidelity National Information Services 5, Jack Henry & Associates 4, Q2 Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFISJKHYQTWOLeader
Larger companyMarket capitalisation $19.01B $11.67B $4.36B FIS
Cheaper on earningsLower P/E, profitable companies only 5.6x 23.2x 47.4x FIS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.9x 21.6x 25.0x FIS
Faster revenue growthRevenue growth, trailing twelve months +18.3% +7.1% +13.9% FIS
More profitableNet margin, trailing twelve months 27.6% 19.8% 10.9% FIS
Better return on capitalReturn on invested capital 3.9% 22.7% 10.3% JKHY
Less leveragedLower net debt / EBITDA 4.9x 0.0x — JKHY
Higher dividend yieldTrailing dividend yield 0.05% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -44.4% +4.4% +13.4% QTWO
Better 5-year returnAnnualised price return, 5 years -21.4%/yr -1.4%/yr -2.8%/yr JKHY
Less volatileAnnualised volatility, 1 year 34.5% 29.5% 44.5% JKHY
Higher overall scoreMean of the five percentile scores vs peers 68/100 70/100 70/100 QTWO

Percentile Scorecard

FISJKHYQTWO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFISJKHYQTWO
Valuation 97 #4 of 101 61 #39 of 98 58 #42 of 98
Growth 83 #17 of 97 62 #36 of 94 87 #13 of 94
Profitability 66 #33 of 94 93 #7 of 90 85 #14 of 90
Financial Health 19 #89 of 109 78 #24 of 105 69 #33 of 105
Shareholder Returns 76 #16 of 64 56 #28 of 62 53 #30 of 62
Overall 68 70 70
  • FIS ranked among 114 companies in Business Applications
  • JKHY ranked among 109 companies in Fintech
  • QTWO ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFISJKHYQTWOSPY
1 month +8.1%+9.6%+24.6% -1.0%
3 months -9.6%+7.9%+27.1% +2.9%
6 months -17.9%+7.5%+40.3% +6.4%
Year to date -43.5%-10.9%-3.9% +11.4%
1 year -44.4%+4.4%+13.4% +13.1%
3 years -25.7%+13.2%+119.1% +79.4%
3 years, per year -9.4%+4.2%+29.9% +21.5%
5 years -70.0%-6.7%-13.2% +67.7%
5 years, per year -21.4%-1.4%-2.8% +10.9%
10 years -50.0%+98.7%+141.3% +255.2%
10 years, per year -6.7%+7.1%+9.2% +13.5%

Risk

MeasureFISJKHYQTWOSPY
Volatility, 1Y 34.5%29.5%44.5% 12.7%
Downside volatility, 1Y 37.5%31.3%42.1% 12.7%
Beta vs S&P 500, 1Y 0.27-0.090.32 1.00
Return / volatility, 1Y -1.290.150.30 1.03
Max drawdown, 5Y -73.5%-41.5%-76.6% -25.4%
From 52-week high -44.6%-15.6%-8.1% -2.5%
52-week high $67.79$192.60$75.49 $779.14
52-week low $32.43$123.42$42.09 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFISJKHYQTWO
P/E now vs peer median 5.7xmedian 29.9x 23.2xmedian 21.5x 47.1xmedian 21.5x
P/S now vs peer median 1.6xmedian 2.8x 4.5xmedian 2.2x 5.1xmedian 2.2x
EV/EBITDA now vs peer median 9.5xmedian 17.4x 13.5xmedian 15.7x 26.6xmedian 15.7x
P/FCF now vs peer median 6.9xmedian 16.9x 16.4xmedian 16.4x 20.3xmedian 16.4x
P/B now vs peer median 1.2xmedian 3.1x 5.6xmedian 1.9x 6.7xmedian 1.9x
PEG now vs peer median 0.20median 0.86 2.00median 1.06 1.08median 1.06

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFISJKHYQTWO
Revenue $12.20B $2.54B $846.20M
Gross profit $4.39B $1.11B $482.24M
Operating income $1.92B $635.03M $84.90M
Net income $3.38B $502.78M $91.99M
Free cash flow $2.82B $694.86M $213.25M
R&D – $176.45M $162.56M
EPS (diluted) $6.52 $6.98 $1.41
Cash & equivalents $744.00M $12.06M $99.92M
Total debt $21.17B $40.00M $1.10B
Shares (diluted) 517.00M 72.04M 65.42M
Enterprise value $16.34B $11.57B $2.87B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFISJKHYQTWO
P/E 5.7x 23.2x 47.1x
P/FCF 6.9x 16.4x 20.3x
P/Operating cash flow 6.5x 15.0x 19.1x
P/S 1.6x 4.5x 5.1x
P/B 1.2x 5.6x 6.7x
P/Tangible book 1.7x 5.6x 7.6x
EV/EBITDA 9.5x 13.5x 26.6x
EV/EBIT 20.8x 18.0x 49.7x
EV/Revenue 3.3x 4.5x 5.0x
EV/FCF 14.1x 16.4x 19.8x
EV/Operating cash flow 13.4x 15.0x 18.7x
PEG (3Y EPS CAGR) 0.20 2.00 1.08

Growth

14 metrics
MetricFISJKHYQTWO
Revenue growth (1Y) 18.3% 7.1% 13.9%
Revenue CAGR (3Y) 7.7% 7.0% 12.2%
Gross profit growth (1Y) 15.9% 9.5% 23.3%
Gross profit CAGR (3Y) 7.2% 9.0% 19.8%
Operating income growth (1Y) 10.2% 11.7% 3,719%
Operating income CAGR (3Y) 10.6% 9.7% 41.2%
Net income growth (1Y) 2,836% 10.3% 1,783%
Net income CAGR (3Y) 28.9% 11.1% 45.7%
EPS growth (1Y) 2,957% 11.9% 1,905%
EPS CAGR (3Y) 29.3% 11.6% 43.8%
Operating cash flow growth (1Y) 31.6% 18.8% 26.8%
Operating cash flow CAGR (3Y) 85.1% 25.9% 49.8%
Free cash flow growth (1Y) 32.4% 18.1% 23.6%
Free cash flow CAGR (3Y) 100.7% 26.6% 54.3%

Profitability

14 metrics
MetricFISJKHYQTWO
Gross margin 35.9% 43.7% 57.0%
EBITDA margin 34.3% 33.3% 18.7%
Operating margin 15.7% 25.0% 10.0%
Pretax margin 11.1% 25.7% 11.5%
Net margin 27.6% 19.8% 10.9%
FCF margin 23.1% 27.3% 25.2%
Operating cash flow margin 24.4% 29.9% 26.7%
Return on equity 21.1% 24.0% 14.7%
Return on assets 7.7% 16.2% 8.3%
Return on invested capital 3.9% 22.7% 10.3%
Return on capital employed 5.6% 25.0% 10.0%
Asset turnover 0.3x 0.8x 0.8x
Cash conversion (OCF / net income) 0.9x 1.5x 2.5x
Stock comp / revenue 1.5% 1.3% 10.0%

Financial Health

11 metrics
MetricFISJKHYQTWO
Debt / assets 48.0% 1.3% –
Debt / equity 1.3x 0.0x –
Net debt / EBITDA 4.9x 0.0x –
Debt / FCF 7.5x 0.1x –
Liabilities / assets 63.6% 34.8% 33.6%
Equity / assets 36.4% 65.2% 66.4%
Interest coverage 3.2x 117.9x 17.8x
Current ratio 0.5x 1.2x 0.9x
Quick ratio 0.4x 0.7x 0.7x
Cash ratio 0.1x 0.0x 0.4x
Altman Z-score 0.06 9.41 8.33

Shareholder Returns

7 metrics
MetricFISJKHYQTWO
Dividend yield 4.6% 1.5% –
Net buyback yield 3.7% 3.8% 2.6%
Shareholder yield 8.3% 5.3% 2.6%
Payout ratio (earnings) 25.9% – –
Payout ratio (FCF) 31.0% – –
Dividend growth (1Y) 6.3% – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFISJKHYQTWO
Forward P/E 5.9xFY2026 21.6xFY2027 25.0xFY2026
EPS, next fiscal year $6.37FY2026 $7.54FY2027 $2.77FY2026
EPS growth, next FY +10.8%FY2026 +8.0%FY2027 +8.6%FY2026
EPS growth, the year after +6.9% +0.4% +30.3%
Revenue, next fiscal year $12.98BFY2026 $2.54BFY2027 $850.92MFY2026
Revenue growth, next FY +21.5%FY2026 +0.1%FY2027 +7.1%FY2026
Revenue growth, the year after +4.8% +19.6% +17.5%
FIS estimates →JKHY estimates →QTWO estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFISJKHYQTWO
Held by institutions 98.7% 96.5% 100.0%
Institutions holding 856 711 328
Change in shares held, QoQ +3.5% -4.3% +4.9%
Institutions buying 415 338 180
Institutions selling 331 302 109
Buyers to sellers 1.25 1.12 1.65
FIS holders →JKHY holders →QTWO holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FISJKHYQTWO
FIS 1.00 0.65 0.54
JKHY 0.65 1.00 0.57
QTWO 0.54 0.57 1.00

Add a Peer

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Plot all 26 ERP Software stocks → Plot all 29 Digital Banking stocks →

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Frequently Asked Questions

Which is bigger, FIS, JKHY and QTWO?

Fidelity National Information Services (FIS) is the largest by market capitalisation: Fidelity National Information Services (FIS) $19.01B, Jack Henry & Associates (JKHY) $11.67B, Q2 Holdings (QTWO) $4.36B.

Which stock is cheaper, FIS, JKHY and QTWO?

Fidelity National Information Services (FIS) trades on the lowest price-to-earnings ratio (Fidelity National Information Services (FIS) 5.6x, Jack Henry & Associates (JKHY) 23.2x, Q2 Holdings (QTWO) 47.4x). On next year's consensus earnings, Fidelity National Information Services (FIS) is cheapest (Fidelity National Information Services (FIS) 5.9x, Jack Henry & Associates (JKHY) 21.6x, Q2 Holdings (QTWO) 25.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Fidelity National Information Services (FIS) grew revenue fastest over the trailing twelve months: Fidelity National Information Services (FIS) +18.3%, Jack Henry & Associates (JKHY) +7.1%, Q2 Holdings (QTWO) +13.9%.

Which company is more profitable?

Fidelity National Information Services (FIS) has the highest net margin (Fidelity National Information Services (FIS) 27.6%, Jack Henry & Associates (JKHY) 19.8%, Q2 Holdings (QTWO) 10.9%). On return on invested capital, Jack Henry & Associates (JKHY) leads (Fidelity National Information Services (FIS) 3.9%, Jack Henry & Associates (JKHY) 22.7%, Q2 Holdings (QTWO) 10.3%).

Which stock has performed better?

Over the past year Q2 Holdings (QTWO) returned the most: Fidelity National Information Services (FIS) -44.4%, Jack Henry & Associates (JKHY) +4.4%, Q2 Holdings (QTWO) +13.4%. Over five years, Jack Henry & Associates (JKHY) compounded fastest (Fidelity National Information Services (FIS) -21.4%/yr, Jack Henry & Associates (JKHY) -1.4%/yr, Q2 Holdings (QTWO) -2.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Fidelity National Information Services (FIS) 0.05%, Jack Henry & Associates (JKHY) 0.00%, Q2 Holdings (QTWO) 0.00%. Jack Henry & Associates (JKHY) and Q2 Holdings (QTWO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Jack Henry & Associates (JKHY) has been the steadiest (Fidelity National Information Services (FIS) 34.5%, Jack Henry & Associates (JKHY) 29.5%, Q2 Holdings (QTWO) 44.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FIS, JKHY and QTWO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Fidelity National Information Services (FIS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.