Shift4 Payments Clocks 45% Gross Revenue Growth In Q3

  • Shift4 Payments, Inc FOUR reported third-quarter FY22 gross revenue growth of 45% year-on-year to $547.3 million, missing the consensus of $550.4 million. 
  • Gross revenue minus network fees were up 33% Y/Y to $196.7 million.
  • End-to-end payment volume climbed 53% Y/Y to $20.6 billion. 
  • Adjusted EPS of $0.44 beat the consensus of $0.43.
  • Adjusted EBITDA improved 53% Y/Y to $85.4 million. The margin expanded 700 bps Q/Q to 43%.
  • Outlook: Shift4 narrowed FY22 gross revenue guidance to $1.95 billion -$2.0 billion, versus $1.9 billion - $2.0 billion, below the consensus of $2.01 billion.
  • It raised adjusted EBITDA guidance to $275 million - $280 million, up from $255 million - $265 million.
  • Price Action: FOUR shares traded lower by 6.00% at $37.73 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!