Financial Institutions, Inc. (FISI) Income Statement
FISI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFISI revenue and net income
Where FISI's revenue goes
2025Each bar shows an amount and its share of revenue. FISI kept 19.8% of revenue as net income.
FISI profit margins
FISI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +43.1% | +16.2% | +13.1% | +10.8% |
| Gross profit | +165.0% | +5.6% | +8.5% | +7.1% |
| Operating income | — | +8.8% | +14.8% | +8.9% |
| Net income | — | +9.8% | +14.3% | +10.2% |
| EPS (diluted) | +16.1% | +0.3% | +9.4% | +6.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FISI quarterly EPS vs estimates
Financial Institutions beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.05).
FISI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $377.9M | $264.2M | $48.2M | $241.1M | $212.0M | $204.4M | $208.8M | $188.0M | $164.7M | $150.7M |
| Cost of revenue | $144.6M | $176.1M | $283.0M | $42.8M | $4.1M | $49.5M | $46.9M | $38.8M | $30.9M | $22.2M |
| Gross profit | $233.3M | $88.0M | $48.2M | $198.2M | $207.9M | $154.9M | $161.9M | $149.2M | $133.9M | $128.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $90.1M | $74.9M | $80.5M | $76.0M | $67.0M | $66.2M | $72.9M | $71.8M | $59.6M | $55.5M |
| Total operating expenses | $142.0M | $156.2M | $1.9M | $127.3M | $110.7M | $109.2M | $102.5M | $99.7M | $90.4M | $84.4M |
| Operating income | $91.4M | −$68.1M | $63.1M | $71.0M | $97.2M | $45.7M | $59.4M | $49.5M | $43.5M | $44.1M |
| Interest income | $333.0M | $313.2M | $267.4M | $196.1M | $167.2M | $161.3M | $168.8M | $152.7M | $130.1M | $115.2M |
| Interest expense | $133.0M | $149.6M | $120.4M | $28.7M | $12.5M | $22.3M | $38.9M | $29.9M | $17.5M | $12.5M |
| Income before taxes | $91.4M | −$68.1M | $63.1M | $71.0M | $97.2M | $45.7M | $59.4M | $49.5M | $43.5M | $44.1M |
| Income taxes | $16.5M | −$26.5M | $12.8M | $14.4M | $19.5M | $7.4M | $10.6M | $10.0M | $9.9M | $12.2M |
| Net income | $74.9M | −$41.6M | $50.3M | $56.6M | $77.7M | $38.3M | $48.9M | $39.5M | $33.5M | $31.9M |
| EBITDA | $99.2M | −$60.5M | $63.1M | $79.1M | $105.3M | $53.6M | $67.6M | $56.0M | $49.6M | $50.1M |
| EPS (diluted) | $3.61 | $3.11 | $3.16 | $3.58 | $4.78 | $2.30 | $2.96 | $2.39 | $2.04 | $2.10 |
| Gross margin | 61.7% | 33.3% | 100.0% | 82.2% | 98.0% | 75.8% | 77.5% | 79.4% | 81.3% | 85.3% |
| Operating margin | 24.2% | −25.8% | 130.7% | 29.4% | 45.9% | 22.4% | 28.5% | 26.3% | 26.4% | 29.3% |
| Net margin | 19.8% | −15.8% | 104.2% | 23.5% | 36.6% | 18.8% | 23.4% | 21.0% | 20.4% | 21.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6M | $92.2M | $96.6M | $96.3M | $93.2M | $91.0M | $0 | $87.0M | $102.0M | $89.0M | $91.2M | $84.8M |
| Cost of revenue | $31.8M | $29.6M | $35.8M | $35.5M | $36.5M | $36.8M | $43.3M | $40.7M | $40.0M | $52.1M | $41.9M | $34.2M |
| Gross profit | −$1.2M | $62.7M | $60.7M | $60.7M | $56.6M | $54.2M | −$57.1M | $46.2M | $62.0M | $36.9M | $49.3M | $50.6M |
| Sales, general & admin | $23.6M | $35.6M | $23.4M | $20.2M | $20.0M | $18.7M | $21.1M | $17.3M | $17.5M | $18.9M | $21.4M | $20.1M |
| Total operating expenses | $23.6M | $37.8M | $36.7M | $35.5M | $35.1M | $33.6M | $58.2M | $31.7M | $31.8M | $34.5M | $34.4M | $34.2M |
| Operating income | −$24.8M | $24.8M | $24.0M | $25.2M | $21.5M | $20.6M | −$115.3M | $14.5M | $30.1M | $2.4M | $14.9M | $16.5M |
| Interest income | $83.1M | $81.6M | $84.6M | $84.4M | $82.9M | $81.1M | $78.1M | $77.9M | $78.8M | $78.4M | $76.5M | $74.7M |
| Interest expense | $29.7M | $29.6M | $32.4M | $32.6M | $33.7M | $34.2M | $36.5M | $37.2M | $37.6M | $38.3M | $36.7M | $33.0M |
| Income before taxes | $25.6M | $24.8M | $24.0M | $25.2M | $21.5M | $20.6M | −$115.3M | $14.5M | $30.1M | $2.4M | $14.9M | $16.5M |
| Income taxes | $4.4M | $3.8M | $4.0M | $4.8M | $4.0M | $3.7M | −$32.5M | $1.1M | $4.5M | $356,000 | $5.2M | $2.4M |
| Net income | $21.2M | $21.0M | $20.0M | $20.5M | $17.5M | $16.9M | −$82.8M | $13.5M | $25.6M | $2.1M | $9.8M | $14.0M |
| EBITDA | −$22.9M | $26.6M | $26.2M | $27.1M | $23.4M | $22.5M | −$113.3M | $16.4M | $32.0M | $4.5M | $16.9M | $18.5M |
| EPS (diluted) | $1.04 | $1.04 | $0.96 | $0.99 | $0.85 | $0.81 | $0.54 | $0.84 | $1.62 | $0.11 | $0.61 | $0.88 |
| Gross margin | −4.1% | 67.9% | 62.9% | 63.1% | 60.8% | 59.5% | — | 53.1% | 60.8% | 41.5% | 54.0% | 59.7% |
| Operating margin | −81.3% | 26.9% | 24.9% | 26.2% | 23.1% | 22.7% | — | 16.7% | 29.6% | 2.7% | 16.4% | 19.4% |
| Net margin | 69.3% | 22.8% | 20.7% | 21.3% | 18.8% | 18.5% | — | 15.5% | 25.1% | 2.3% | 10.7% | 16.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FISI's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FISI financial results
In fiscal year 2025 (ended December 31, 2025), Financial Institutions reported revenue of $377.9 million, up 43.1% from the year before. It had net income of $74.9 million, a net profit margin of 19.8%. Diluted earnings per share came to $3.61. Over five years revenue grew at an average rate of 13.1% a year.
See the FISI stock overview for the latest quote and news, or the FISI chart for price history and technical indicators.
FISI income statement FAQ
What is Financial Institutions's annual revenue?
Financial Institutions reported total revenue of $377.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 43.1% from $264.2 million the previous year.
Is Financial Institutions profitable?
Yes. Financial Institutions reported net income of $74.9 million in fiscal 2025, a net profit margin of 19.8%; its operating margin was 24.2%.
What is Financial Institutions's gross margin?
Financial Institutions's gross margin was 61.7% in fiscal 2025: for every $100 of revenue, Financial Institutions kept $62 after the direct cost of its products and services.
How fast is Financial Institutions growing?
Revenue grew 13.1% a year on average over the last five fiscal years, from $204.4 million to $377.9 million.
What are Financial Institutions's earnings per share?
Financial Institutions earned $3.61 per diluted share in fiscal 2025, compared with $3.11 a year earlier.
When will Financial Institutions report its next earnings?
Financial Institutions is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Financial Institutions's fiscal year end?
Financial Institutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.