FOUR
Shift4 Payments, Inc.65.62
-0.50-0.76%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance conservative; cross-sell underway
Q&A unpacked 2026 guidance conservatism, assuming H1 SSS trends persist before H2 rebound, plus FX headwinds and Asia tourism tensions curbing tax-free growth to mid-single digits. Q4's 57bps spreads were anomalous from enterprise mix; stable >60bps expected via SMB expansion abroad. Global Blue cross-sell is underway, targeting thousands of SMB merchants in 15 countries—merchant adds beat volume focus. FCF faces $30M mostly one-time integration hit, yet incremental conversion nears 60%. Cross-sell already happening. Management fielded macro probes directly but cautiously; watch SSS turnaround and execution abroad.
Key Stats
Market Cap
5.82BP/E (TTM)
30.66Basic EPS (TTM)
2.14Dividend Yield
0%Recent Filings
8-K
CAO Whalen resigns April 3
Shift4 Payments' Chief Accounting Officer Jay Whalen resigns effective April 3, 2026, to join a non-fintech firm, with no disagreements cited. CFO Christopher Cruz assumes principal accounting officer duties, while Filippos Mintiloglitis steps in as interim CAO. CEO Lauber praises the team's depth, spotlighting Mintiloglitis's Global Blue expertise amid integration. Transition smooth. Risks tie to forward-looking integration statements.
10-K
FY2025 results
Shift4 Payments crushed FY2025 with gross revenue leaping 25% to $4.2B, fueled by 27% volume growth to $209B and the game-changing Q3 Global Blue acquisition that added $255M in TFS revenue. Q4 momentum accelerated as payments-based revenue hit new highs, margins held firm despite integration costs, and Adjusted EBITDA soared 43% to $970M—proving acquisition synergies are kicking in fast. Debt sits at $4.6B with full revolver access, while $1B buyback authorization signals confidence. Yet Global Blue integration risks could snag quarterly momentum.
8-K
Q4 crushes, 2026 guides strong
Shift4 Payments crushed Q4 2025 with $59B volume, up 23% YoY, $610M gross revenue less network fees up 51%, and $304M adjusted EBITDA at 50% margin. Global Blue integration boosts luxury retail reach across 75+ countries, fueling cross-sell synergies. Q4 repurchases hit $305M. 2026 guides 26%-31% GRLNF growth.
8-K
Up-C collapse saves $440M
Shift4 Payments executed a Transaction Agreement on February 7, 2026, collapsing its Up-C structure via Jared Isaacman's exchange of LLC interests and Class C shares for Class A shares, while assigning TRA rights to the company. This relieves Shift4 of $440 million in future TRA payments and eliminates Isaacman's majority voting control, for $191.8 million consideration including $138.8 million cash and 423,296 preferred shares. Isaacman signed a five-year non-compete. Governance simplified.
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