earnings
confidence high
sentiment positive
materiality 0.80
Shift4 Q1 records: volume $45B, GRLNF $369M, adj EBITDA $169M; raises FY guide
Shift4 Payments, Inc.
- Q1 payment volume $45.0B (+35% YoY); gross revenue less network fees $369M (+40% YoY); adj EBITDA $169M (+38% YoY).
- Net income $19.5M; adjusted net income $98.6M ($1.07 diluted EPS). Gross profit $240.7M (+37% YoY).
- Raised FY2025 guidance by $10M on both GRLNF and adj EBITDA; Global Blue closing expected early Q3.
- New wins: Setai, Aspen Hospitality, Formula One Miami GP, PGA Tour, Pittsburgh Pirates, Colorado Rockies, Boston Red Sox.
- Blended spreads stable at 61bps; free cash flow conversion 42%; volume backlog >$35B.