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Shift4 Payments Q3 gross profit rises year over year

By Reuters News


Overview

  • US payment processor's Q3 gross profit rose 10% yr/yr to $434 mln

  • Q3 net income reached $40 mln; adjusted net income was $132 mln

  • Company grew despite travel disruptions and weaker same-store sales


Outlook

  • Company lowers 2026 volume guidance to $240-$250 bln

  • Shift4 lowers 2026 gross revenue less network fees guidance to $2.45-$2.46 bln

  • Company adjusts 2026 full-year adj EBITDA to $1.11-$1.13 bln


Result Drivers

  • TRAVEL DISRUPTIONS - Co said travel disruptions weighed on its tax-free shopping business and created headwinds

  • PAYMENTS REVENUE GROWTH - Payments-based revenue less network fees grew 18% yr/yr, which co described as its 'north star' metric

  • NEW CUSTOMER WINS - Co cited signing Kahala Brands, MSG Sphere, EU hotels and Kering as new customers, supporting growth


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted Net Income

$132 mln

Q3 Net Income

$40 mln

Q3 Gross Profit

$434 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Shift4 Payments, Inc. is $49.00, about 9.3% above its November 4 closing price of $44.82

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth

  • Nov 4 - FIS Q3 revenue beats estimates on acquisition boost

  • Nov 2 - Paymentus Q3 revenue beats on higher billers and transaction volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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