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Sep 30, 2020
Shift4 Q3 2020 Earnings Report
Shift4's Q3 2020 results exhibited growth in a challenging market with successful capital offerings and acquisitions.
Key Takeaways
Shift4 Payments reported an 11% increase in gross revenue to $214.8 million for Q3 2020. End-to-end payment volume increased by 20% to $7.1 billion, resulting in gross revenue less network fees of $87.7 million. Adjusted EBITDA was $28.7 million, up 17% from the prior year period. The company also completed two acquisitions and strengthened its liquidity.
Gross revenue increased 11% year-over-year to $214.8 million.
End-to-end payment volume increased 20% year-over-year to $7.1 billion.
Gross revenue less network fees increased 10% year-over-year to $87.7 million.
Adjusted EBITDA increased 17% year-over-year to $28.7 million.
Forward Guidance
Shift4 Payments expects Q4 2020 End-to-End Payment Volumes to range between $7.2 billion and $7.6 billion, Gross Revenues Less Network Fees between $88 million and $92 million, and Adjusted EBITDA between $27 million and $30 million.
Positive Outlook
- Expects Q4 End-to-End Payment Volumes to range between $7.2 billion and $7.6 billion.
- Driving Q4 Gross Revenues Less Network Fees between $88 million and $92 million.
- Resulting in Adjusted EBITDA between $27 million and $30 million.
- Gross profit is estimated to be approximately 55% of Gross Revenue Less Network Fees for Q4 2020.
- Cost of sales is estimated to be approximately 45% of Gross Revenue Less Network Fees for Q4 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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