Earnings summaries and quarterly performance for Shift4 Payments.
Executive leadership at Shift4 Payments.
Board of directors at Shift4 Payments.
Research analysts who have asked questions during Shift4 Payments earnings calls.
DP
Darrin Peller
Wolfe Research, LLC
6 questions for FOUR
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5 questions for FOUR
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4 questions for FOUR
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Oppenheimer & Co. Inc.
4 questions for FOUR
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3 questions for FOUR
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3 questions for FOUR
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Will Nance
Goldman Sachs
3 questions for FOUR
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Adam Frisch
Evercore ISI
1 question for FOUR
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Andrew Bauch
Wells Fargo & Company
1 question for FOUR
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Andrew Harte
BTIG, LLC
1 question for FOUR
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Andrew Jeffrey
William Blair & Company
1 question for FOUR
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James Friedman
Susquehanna Financial Group, LLLP
1 question for FOUR
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Jason Kupferberg
Bank of America
1 question for FOUR
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Jeff Cantwell
Seaport Research Partners
1 question for FOUR
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John Davis
Raymond James Financial
1 question for FOUR
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Matthew O'Neill
Financial Technology Partners
1 question for FOUR
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Recent press releases and 8-K filings for FOUR.
Shift4 Payments Discusses Q4 Performance, 2026 Outlook, and Strategic Acquisitions
FOUR
Guidance Update
M&A
Revenue Acceleration/Inflection
- Shift4 Payments operates a unified commerce platform, providing integrated payments, software, services, and data solutions for the experience economy across 75+ countries, processing hundreds of billions in annual volume.
- The company reported low double-digit growth in Q4, excluding acquisitions, which was in line with expectations despite tough prior-year comparisons, enterprise mix shift, and December weather events.
- Shift4's 2026 outlook targets mid-teens growth for its Americas payments-based revenue and mid-single digit pro forma growth for its Global Blue tax-free shopping business.
- The acquisition of Global Blue for $2.5 billion was strategic, providing an 80% market share in tax-free shopping and instant pan-regional infrastructure in EMEA and APAC.
- Shift4 anticipates incremental free cash flow converting at 59% (implied in guide) and 60% (Q1), with a long-term normalized target of 50%+ due to its 82% fixed-cost capital structure.
3 days ago
Shift4 Payments Provides Business Update and Growth Targets
FOUR
Guidance Update
M&A
Revenue Acceleration/Inflection
- Shift4 Payments reported low double-digit growth for Q4, excluding contributions from Global Blue and SmartPay, which was in line with expectations given challenging comparisons.
- The company is strategically focused on the "experience economy," providing a unified commerce platform for demanding environments across over 75 countries.
- The $2.5 billion acquisition of Global Blue provides a dominant 80% market share in tax-free luxury retail, offering significant cross-sell opportunities and international infrastructure.
- For 2026, Shift4 is targeting mid-single digit pro forma growth for tax-free shopping and mid-teens growth for its Americas payments-based revenue.
- While overall free cash flow conversion is expected to be down in 2026, incremental free cash flow is converting at a 59-60% rate, supported by an 82% fixed cost capital structure.
3 days ago
Shift4 Payments Discusses Business Strategy, Global Blue Acquisition, and 2026 Financial Outlook
FOUR
M&A
Guidance Update
Revenue Acceleration/Inflection
- Shift4 Payments focuses on integrated payments for the "experience economy", targeting demanding commerce environments such as restaurants, lodging, stadiums, entertainment, and luxury retail. The company has allocated $5.7 billion to strategically accelerate its operating model through investments and acquisitions.
- The acquisition of Global Blue, a tax-free shopping solution with an 80% market share, was a significant strategic move, providing pan-regional EMEA and APAC infrastructure and cross-sell opportunities.
- For Q4, excluding acquisitions, Shift4 experienced low double-digit growth, which was in line with expectations. The company targets mid-teens growth for its Americas payments-based revenue in 2026, a "clean figure" unaffected by prior M&A annualization.
- The 2026 outlook for tax-free shopping (Global Blue) is mid-single digit pro forma growth. Incremental free cash flow is converting at a 59% rate implied in the guide and 60% in Q1, with a largely fixed-cost capital structure (82% fixed cost) supporting future free cash flow conversion expansion.
3 days ago
Shift4 Completes Acquisition of Worldline's North American Subsidiaries
FOUR
M&A
New Projects/Investments
- Shift4 (NYSE: FOUR) has completed its acquisition of Bambora Inc, Bambora Holding Corp, Bambora Corp, and Worldline SMB US, Inc (collectively "Bambora North America"), which are Worldline's (Euronext: WLN) North American subsidiaries.
- The acquisition adds 140,000 merchants across the US and Canada to Shift4's platform and is integrated with over 500 Independent Software Vendors (ISVs).
- Shift4 CEO Taylor Lauber noted that this deal brings a substantial gateway portfolio and payments volume onto Shift4's platform, creating significant cross-sell opportunities for Shift4's end-to-end solutions.
- The acquisition strengthens Shift4’s footprint across key verticals in North America and advances the company’s strategic expansion.
4 days ago
Shift4 Payments Reports Record 2025 Results and Provides 2026 Guidance
FOUR
Earnings
Guidance Update
Share Buyback
- Shift4 Payments reported record financial results for full-year 2025, including $1.98 billion in Gross Revenue Less Network Fees (GRLNF), $970 million in Adjusted EBITDA, and $500 million in adjusted free cash flow.
- For Q4 2025, the company achieved $610 million in GRLNF, $304 million in Adjusted EBITDA, and non-GAAP EPS of $1.60.
- The company provided full-year 2026 guidance, projecting GRLNF between $2.5 billion and $2.6 billion, Adjusted EBITDA between $1.165 billion and $1.215 billion, non-GAAP EPS between $5.50 and $5.70, and adjusted free cash flow between $490 million and $510 million.
- Shift4 completed a simplification transaction in early 2026, collapsing all B and C shares into Class A common, making it no longer a controlled company under NYSE rules, and the founder agreed to transfer $440 million of estimated future Tax Receivable Agreement payments to the company.
- The company repurchased 4.3 million shares during Q4 2025 and an additional 3.4 million shares in Q1 2026, with $500 million remaining under its share repurchase authorization.
Feb 26, 2026, 1:30 PM
Shift4 Payments Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Guidance
FOUR
Earnings
Guidance Update
M&A
- Shift4 Payments reported record full-year 2025 financial results, including $1.98 billion in Gross Revenue Less Network Fees (GRLNF), $970 million in Adjusted EBITDA, and $500 million in adjusted free cash flow. For Q4 2025, GRLNF was $610 million, Adjusted EBITDA was $304 million, and adjusted free cash flow was $171 million.
- The company issued 2026 guidance, forecasting volume between $240 billion and $260 billion and expecting blended spreads to remain above 60 basis points for the full year.
- A corporate simplification transaction was completed, converting all Class B and C shares into Class A common stock and eliminating an estimated $440 million in future Tax Receivable Agreement (TRA) payments, which is expected to broaden appeal to the investment community.
- International expansion, significantly bolstered by the Global Blue acquisition, remains a key strategic focus, with plans to launch all-in-one payment terminals in 15 countries in 2026 to target new merchants.
Feb 26, 2026, 1:30 PM
Shift4 Payments Reports Record 2025 Results and Issues Strong 2026 Guidance
FOUR
Earnings
Guidance Update
M&A
- Shift4 Payments reported record financial results for full year 2025, with Gross Revenue Less Network Fees (GRLNF) of $1.98 billion, representing 46% year-over-year growth, and Adjusted EBITDA of $970 million, a 43% year-over-year increase.
- The company provided 2026 guidance, projecting GRLNF between $2.5 billion and $2.6 billion (26%-31% year-over-year growth), Adjusted EBITDA between $1.165 billion and $1.215 billion (20%-25% year-over-year growth), and non-GAAP EPS between $5.50 and $5.70.
- Shift4 completed a corporate simplification transaction, converting all B and C shares into Class A common, making it no longer a controlled company under NYSE rules. Founder Jared Isaacman will own approximately 27% of Class A shares with par voting rights and has agreed to transfer future Tax Receivable Agreement benefits, eliminating an estimated $440 million in future payments.
- The company continues its international expansion, with the Global Blue acquisition closing in July 2025 and its integration on track, and plans to launch all-in-one payment terminals in 15 European countries in 2026.
Feb 26, 2026, 1:30 PM
Shift4 Payments, Inc. Reports Strong Q4 2025 Results and Provides 2026 Guidance
FOUR
Earnings
Guidance Update
Share Buyback
- Shift4 Payments reported Q4 2025 gross revenue less network fees of $610 million, marking a 51% year-over-year increase, with Adjusted EBITDA reaching $304 million, up 48% year-over-year, and a 50% Adjusted EBITDA margin. Non-GAAP EPS for the quarter was $1.60 per share.
- Payment volumes for Q4 2025 were $59 billion, an increase of 23% from Q4 2024.
- The gross revenue less network fees for Q4 2025 consisted of $340 million from payments-based revenue, $125 million from tax-free shopping (TFS) revenue, and $145 million from subscription and other revenue.
- The company provided full-year 2026 guidance, projecting 26%-31% gross revenue less network fee growth.
- Shift4 Payments repurchased 4.3 million shares during Q4 2025, totaling $305 million under its recent $1 billion authorization.
Feb 26, 2026, 12:03 PM
Shift4 Payments Completes Corporate Structure Simplification
FOUR
Board Change
Convertible Preferred Issuance
Executive Compensation
- Shift4 Payments, Inc. completed a corporate structure simplification on February 7, 2026, collapsing its multi-share class structure into a single Class A share class and eliminating Tax Receivable Agreement (TRA) obligations to its founder, Jared Isaacman.
- This transaction removed the company's "controlled company" status under NYSE corporate governance standards by eliminating Mr. Isaacman's voting and contractual control rights, although he remains the largest equity holder with approximately 25.9% ownership.
- The company is relieved of an estimated $440 million in future TRA payments, which improves long-term free cash flow visibility. In exchange, Mr. Isaacman received an aggregate value of $191.8 million, consisting of $138.8 million in cash and 423,296 shares of mandatory convertible preferred stock.
Feb 9, 2026, 9:30 PM
Shift4 Outlines Strategic Vision and Global Expansion
FOUR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Shift4 provides commerce solutions for in-person experiences across various verticals, including 40% of US hotels and 75% of US stadiums, by integrating software, hardware, and payments for complex merchants.
- Following a CEO transition to Taylor Lauber, Shift4 acquired Global Blue, a $2.5 billion tax-free shopping business with an 85% market share in Europe, to expand its luxury retail and international presence.
- The company is rapidly expanding its global footprint, now operating in 75 countries compared to none two years prior, by replicating its successful US playbook in markets that are 15-20 years behind the US in payment technology adoption.
- Shift4 differentiates itself by serving complex merchants where competition is thin and employs a capital-efficient growth strategy that includes strategic M&A to acquire customers and sales teams, leading to EBITDA margins growing towards 50%.
Jan 12, 2026, 3:00 PM
Quarterly earnings call transcripts for Shift4 Payments.
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