Shift4 Q1 2024 Earnings Report
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.
Shift4
Shift4
Forward Guidance
Shift4 provided financial outlook for the remaining fiscal quarters in 2024.