Shift4 Q1 net income $20.4M vs loss; raises FY2023 guidance; $250M buyback

Shift4 Payments, Inc.

Q1 end-to-end payment volume $22.3B (+66% YoY); gross revenue $547M (+36%).
Net income $20.4M vs net loss of $13.2M a year ago; adjusted EBITDA $89.3M (+102%).
Board authorized $250M stock repurchase program expiring Dec 31, 2023.
FY2023 guidance raised: E2E vol $104-110B, Adj. EBITDA $420-440M, Adj. FCF $225M+.
Acquired Focus POS adding 10,000+ restaurant clients and up to $15B annual volume.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Shift4 Payments, Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 4, 2023, Shift4 Payments, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2023.

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Shift4 Payments, Inc. filing history →

Source: SEC EDGAR

accession 0001794669-23-000008

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