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Mar 31, 2024
Shift4 Q1 2024 Earnings Report
Shift4's Q1 performance showcased strong growth and strategic advancements.
Key Takeaways
Shift4 reported a strong first quarter with a 50% year-over-year increase in end-to-end payment volume, reaching $33.4 billion. Gross revenue grew by 29% to $707.4 million, while adjusted EBITDA increased by 36% to $121.7 million. The company also provided quarter-by-quarter guidance for the remainder of the year and announced a new $500 million stock buyback authorization.
End-to-end payment volume increased by 50% year-over-year to $33.4 billion.
Gross revenue grew by 29% year-over-year to $707.4 million.
Adjusted EBITDA increased by 36% year-over-year to $121.7 million, with a 46% margin.
The company announced a new $500 million stock buyback authorization and provided quarterly guidance for the rest of the year.
Forward Guidance
Shift4 provided financial outlook for the remaining fiscal quarters in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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