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Jun 30, 2020
Shift4 Q2 2020 Earnings Report
Shift4 Payments reported second quarter 2020 results, highlighting resilience amid the COVID-19 pandemic and becoming a publicly traded company.
Key Takeaways
Shift4 Payments' Q2 2020 results showed a decrease in gross revenue due to the COVID-19 pandemic, but also highlighted the resilience of its merchant base with recovery in end-to-end payment volumes. The company reported a net loss, an adjusted net loss, and a decrease in adjusted EBITDA compared to the prior year period.
Gross revenue decreased by 21% to $141.8 million compared to the prior year period.
End-to-end payment volume was $4.2 billion, a 23% decrease year-over-year.
Gross revenue less network fees was $67.4 million, a 10% decrease year-over-year.
Adjusted EBITDA was $14.8 million, a 38% decrease year-over-year.
Forward Guidance
Shift4 Payments provided its outlook for Q3 and Q4 2020, including expectations for end-to-end volume, gross revenues less network fees, and adjusted EBITDA.
Positive Outlook
- Q3 End-to-End volumes are expected to range between $6.2 billion and $6.5 billion.
- Q4 End-to-End volumes are expected to range between $6.5 billion and $6.9 billion.
- Q3 Gross Revenues Less Network Fees are expected to range between $74 million and $78 million.
- Q4 Gross Revenues Less Network Fees are expected to range between $75 million and $79 million.
- Q3 and Q4 Adjusted EBITDA is expected to range between $20 million and $23 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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