On August 4, 2022, Fidelity National announced that its Chief Financial Officer was going to step down. On this news, the price of Fidelity National stock fell 7.26% to close at $96.57 per share on August 4, 2022. On November 3, 2022, Fidelity National announced disappointing financial results for 3Q 2022 and that profit margins in its Merchant Solutions division were under significant pressure. On this news, the price of Fidelity National stock fell 28.04% to close at $57.18 per share on November 3, 2022. On February 13, 2023, Fidelity National announced that it was going to spin off the Worldpay business and record a $17.6 billion goodwill impairment charge relating to its Merchants Solutions business. On this news, the price of Fidelity National stock fell 12.63% to close at $66.00 per share on February 13, 2023.