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Sep 30, 2022
Shift4 Q3 2022 Earnings Report
Shift4 achieved record volume, gross profit, gross revenue less network fees, net income, Adjusted EBITDA and Adjusted Free Cash Flow
Key Takeaways
Shift4 completed a strong quarter, setting new quarterly records for volume, Gross Profit, Gross Revenue less Network Fees, Net Income, Adjusted EBITDA, and Adjusted Free Cash Flow. The company grew end-to-end volume, gross profit, and gross revenue less network fees 53%, 118%, and 33%, respectively. Net income was $46.4 million and Adjusted EBITDA grew 53% for the quarter.
End-to-end payment volume of $20.6 billion, up 53% year over year.
Gross profit of $127.5 million, up 118% year over year.
Gross revenue less network fees of $196.7 million, up 33% year over year.
Net income was $46.4 million.
Forward Guidance
Shift4 is raising 2022 volume, Gross Revenue less Network Fees, Adjusted EBITDA, Adjusted FCF outlook and reaffirming its mid-term outlook.
Positive Outlook
- Increasing End-to-End Payment Volume range from $70 Billion to $71 Billion (+50% YoY to +52% YoY)
- Increasing the low-end of our Gross Revenue range from $1.95 Billion to $2.00 Billion (+40% YoY to +44% YoY)
- Increasing Gross Revenue Less Network Fees range from $720 Million to $725 Million (+36% YoY to +37% YoY)
- Increasing Adjusted EBITDA range from $275 Million to $280 Million (+65% YoY to +67% YoY)
- Raising outlook to meet or exceed 46% Adj FCF Conversion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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