📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Shift4 Payments, Inc. engages in the provision of software and payment processing solutions in the United States and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding FOUR

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	424.5K	$18.6M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

CEO Taylor Lauber described the quarter as 'illustrative of so much more' and listed specific records: '25% year-over-year growth in payment volumes to $50 billion', '29% year-over-year growth in gross revenue less network fees to $413 million', and '26% year-over-year growth in adjusted EBITDA to $205 million'.

Q3 2025

Cautious

Management repeatedly highlighted record results and growth but also noted 'more same-store sales volatility than we've seen in prior periods' and pointed to 'uncertainty we are observing in macro and industry conditions', leading to a narrowed guidance range with a wider volume range indicating prudence.

Q4 2025

Confident Specific

Management used emphatic language such as 'record results', 'pivotal year', 'we power the experience economy', and provided detailed numeric guidance for 2026, including volume, GRLNF, and Adjusted EBITDA ranges. They directly addressed challenges like same-store sales volatility and macro headwinds, reinforcing their disciplined approach.

Q1 2026 latest

Confident Specific

Management used clear, quantitative language ('32% year-over-year growth in gross revenues', '49% growth in GRLNF', '39% growth in Adjusted EBITDA') and repeatedly stated they 'performed in line with guidance' despite a difficult environment. Taylor Lauber said 'we do our best work during times of uncertainty' and maintained full-year guidance unchanged.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is reinforced after this call. Shift4 demonstrated durable organic growth (11% organic GRLNF) despite a difficult macro environment and drag from deprecated legacy streams. International expansion is accelerating, with worldwide payments revenue up 51% (near 41% FX-adjusted), confirming the Global Blue synergy story is real. U.S. mid-teens growth without material SSS support shows market share gains. The Middle East conflict impact on TFS was quantified and guided for, and management kept full-year guidance unchanged, which inspires confidence. Key watch items: how quickly TFS recovers from travel disruptions, whether international margins improve as density builds, and whether restaurant SMB trends continue to stabilize. Overall, the call suggests the company is executing well on its diversification and international strategy, making the investment case stronger than before.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED Shift4 Q1 2026: GRLNF +49% to $549M, Adj EBITDA $234M, 39% YoY growth

Revenue & Profitability

Q1 2026 gross revenue was $1.12B. Gross revenue less network fees was $549M (+49% YoY). Adjusted EBITDA was $234M (+39% YoY, 43% margin). Adjusted free cash flow was $88M (+26% YoY). Non-GAAP EPS was $0.97. Adjusted free cash flow per share was $0.95.

Outlook

Management sees neutral same-store sales trends in the Americas, with a modest positive in Q1 better than expectations. They are not forecasting a dramatic recovery in H2 2026. The full-year guidance remains unchanged, calling for 26%-31% GRLNF growth. The Middle East conflict created a travel headwind of $4M-$6M per month for the tax-free shopping business in March, which is baked into Q2 guidance.

Growth Drivers

International expansion is scaling: Shift4 One (combining payments, DCC, tax-free shopping) is in 7 countries, targeting 15 by year-end, with 70,000 SMB prospects. Americas payments revenue grew 15%, worldwide (ex-Americas) grew 51%. Sports and entertainment wins include Inter Miami, Chicago Fire, Houston Astros, Chicago Cubs, and LA 2028 ticketing. Cross-selling from acquisitions (Givex, Global Blue) adds gift cards and loyalty.

Balance Sheet & CapEx

Not explicitly discussed for infrastructure or capacity. AI investments were highlighted as enabling faster scaling in new markets with fewer resources and improving operational efficiency across functions (legal, HR, marketing). The company intends to continue investing in international market expansion.

Margins

Adjusted EBITDA margin was 43% in Q1, in line with guidance. Management sees a path back to 50% margins as international operations sufficiently scale. Cost structure is variable in early-stage markets (residual commissions) and fixed as density grows (direct sales in SG&A). The company emphasizes disciplined expense management and AI-driven efficiency.

Key Risks

Key risks flagged include the Middle East conflict disrupting travel, impacting the tax-free shopping category (estimated $4M-$6M monthly headwind in March). Same-store sales softness in U.S. restaurant SMBs has been ongoing since Q3 2025, though Q1 trends were slightly better. Seasonality of tax-free shopping (H1 cash consumptive, H2 generative) and potential continued travel disruptions are noted.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Q2 2026 results exceeded guidance with 34% revenue growth and 51% GRLNF growth, driven by strong payments and international expansion. Despite travel disruptions from the Middle East conflict, diversified segments and disciplined capital allocation supported resilient performance.

Q1 2026 Q1 2026 2026-05-07

Record Q1 2026 results with 49% GRLNF growth and 39% higher Adjusted EBITDA, driven by resilient U.S. and international expansion. Guidance remains unchanged despite travel headwinds, with strong capital discipline and continued share repurchases.

Q4 2025 Q4 2025 2026-02-26

Record 2025 results driven by global expansion, M&A, and strong execution, with 46% GRLNF growth and 49% EBITDA margins. 2026 guidance targets 26–31% GRLNF growth, stable spreads, and continued disciplined capital allocation, despite macro and FX headwinds.

Q3 2025 Q3 2025 2025-11-06

Q3 results met guidance with 61% YoY growth in gross revenue less network fees and 56% YoY growth in Adjusted EBITDA. Full-year 2025 guidance was reaffirmed, a $1B share repurchase was announced, and Global Blue integration contributed positively despite currency headwinds.

Q2 2025 Q2 2025 2025-08-05

Q2 delivered record growth in payment volumes, revenue, and EBITDA, driven by international expansion, successful acquisitions, and strong core verticals. Guidance for 2025 was raised, with Global Blue expected to significantly boost results.

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