earnings
confidence high
sentiment positive
materiality 0.75
Shift4 Q1 revenue $707M, adj. EBITDA $122M; announces $500M buyback
Shift4 Payments, Inc.
- E2E payment volume $33.4B, +50% YoY; gross revenue $707.4M (+29%); gross revenue less network fees $263.7M (+32%).
- Net income $28.5M; adjusted net income $50.5M ($0.54 diluted); EBITDA $98.7M; Adjusted EBITDA $121.7M (+36%).
- Board authorized $500M stock repurchase program through Dec 31, 2025, replacing prior program.
- Strategic review concluded with multiple formal offers but no deal; CEO says company will continue executing growth plan.
- SkyTab POS system installs on track for 30,000 in 2024; restaurant SaaS growth 55%.