| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 4, 2026 | 8/12 | 2 high, 3 medium, 1 low flags | 5 | 0 | Call sheet → |
| Q1'26 | May 8, 2026 | 6/12 | 2 high, 4 medium, 2 low flags | 0 | 0 | Call sheet → |
| Q4'25 | February 24, 2026 | 10/12 | 1 medium, 8 low flags | 6 | 0 | Call sheet → |
| Q3'25 | November 5, 2025 | 10/12 | 3 medium, 3 low flags | 5 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | Anthropic financial-crimes agent expected in market in back half of 2026, with revenue to 'take shape' in 2027, nothing contemplated in the 2026 guide Period has not ended; Q2 commentary ('partnership... is progressing') does not restate or update the 2027 revenue timeline, leaving this unresolved and notably less specific. |
| Q2'26 | Pending | FY2026 total issuing cost synergies of $30-40 million Full year not complete; management reports progress but the actual final result is not yet stated. |
| Q2'26 | Pending | FY2026 free cash flow target of $2.1 billion Fiscal year has not ended; guide was raised this quarter to $2.2 billion midpoint, a positive revision, not a completed delivery. |
| Q2'26 | Pending | FY2026 full-year outlook reiterated across all key metrics, including capital markets 5.5-6.5% revenue growth Fiscal year has not ended; this guide was revised down this quarter to 3-3.5%, a cut rather than a resolved miss or delivery under the adjudication rules. |
| Q2'26 | Delivered | Q2 2026 adjusted EPS growth of 7% to 10% EPS grew 8.8%, within the guided range. |
| Q2'26 | Exceeded | Q2 2026 margin expansion of 75 to 110 basis points Margins expanded 113bps, explicitly 'ahead of our outlook of 75 to 110 basis points'. |
| Q2'26 | Delivered | Q2 2026 capital markets projected at 3 to 4% growth Capital markets grew 3.2%, management itself characterized it as 'at the low end of our outlook'. |
| Q2'26 | Exceeded | Q2 2026 banking projected to grow 5.5 to 6% Banking grew 6.1%, 'at the high end of our outlook'. |
| Q2'26 | Delivered | Q2 2026 pro forma revenue growth projected at 4.9% to 5.5% Actual came in at 5.3% pro forma, within the guided range. |
| Q1'26 | Pending | Double free cash flow to $3B by 2028 Reiterated but depends on reducing transformation costs |
| Q1'26 | Pending | Free cash flow of $2.1B for 2026 Q1 at $474M puts them ahead of pace at 23% of target |
| Q1'26 | Pending | $125M cost synergies from TSYS by 2028 Reiterated $30-40M for 2026, no update on progress |
| Q1'26 | Pending | EBITDA margin expansion of 95 to 110 basis points for 2026 Q1 delivered 87bps, slightly below pace needed |
| Q1'26 | Pending | Pro forma revenue growth of 5.1% to 5.7% for 2026 Q1 at 6.5% tracking above range but Q2 guide suggests deceleration |
| Q4'25 | Delivered | $1.3B share repurchases for 2025 Returned $1.3B through buybacks, increased target during year |
| Q4'25 | Delivered | Total Issuing deal to close in Q1 2026 Closed in Q1 as promised, integration proceeding on schedule |
| Q4'25 | Exceeded | Margin expansion in both segments in Q4 Banking expanded 132 bps, Capital Markets 200+ bps |
| Q4'25 | Delivered | Capital Markets revenue growth around 6.5% for 2025 Achieved 6.3% growth, in line with expectations |
| Q4'25 | Exceeded | Banking revenue growth of 4% to 4.5% for 2025 Delivered 5.6% growth, raised guidance twice during year |
| Q4'25 | Delivered | Free cash flow conversion of over 85% for 2025 Achieved 88% conversion, beating target by 300 bps |
| Q3'25 | Exceeded | $1.2B share repurchase target Raised target to $1.3B, returned $509M in Q3 alone |
| Q3'25 | Delivered | Capital Markets lending rebound in second half Lending activity rebounded in July, recurring growth back to 7.6% in Q3 |
| Q3'25 | Exceeded | Cash conversion target of 82-85% for 2025 Now targeting 85%+ after Q3 outperformance, working capital programs succeeding |
| Q3'25 | Missed | Credit Issuer acquisition close on schedule Pushed from Q4 2025 to Q1 2026 due to international regulatory processes |
| Q3'25 | Delivered | Second half revenue acceleration and margin expansion Q3 margins up 200 bps sequentially, Q4 margin expansion guided again |
| Q3'25 | Delivered | 2025 was going to be pivotal year for Banking recurring growth step-up Banking recurring hitting mid-4% range as promised, commercial excellence working |
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