NYSE$FOUR
Shift4 Payments Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Shift4 exceeded expectations in all key performance indicators and grew end-to-end volume despite impact from the COVID Omicron variant.
Shift4 Payments reported a strong first quarter, exceeding expectations. End-to-end payment volume increased by 68% year-over-year, driven by growth in core verticals and new customer acquisitions. The company reaffirms its 2022 guidance.
- End-to-end payment volume of $13.4 billion during Q1 2022, up 68% from Q1 2021.
- Gross revenue of $401.9 million, up 68% from Q1 2021.
- Gross revenue less network fees of $148.8 million, up 53% from Q1 2021.
- Adjusted EBITDA of $44.3 million for Q1 2022 and Adjusted EBITDA margins of 30%.
Headline financials
Revenue & EPS history
Shift4 · Revenue · Quarterly
$402M
Forward guidance
Despite moderate impact from Omicron in Q1 and other macro realities, Shift4 affirms its 2022 guidance for End-To-End Payment Volume, Total Revenue, Gross Revenue Less Network Fees, and Adjusted EBITDA.
Tailwinds
- Leaving our End-to-End Payment Volume range unchanged and $68 Billion to $70 Billion (+46% to +50% YoY)
- Leaving our Total Revenue range unchanged and $1.9 Billion to $2.0 Billion (+37% to +44% YoY)
- Leaving our Gross Revenue less Network Fees range unchanged and $675 Million to $705 Million (+28% to +33%)
- Leaving our Adjusted EBITDA range unchanged and $240 Million to $250 Million (+44% to +50%)
- Gross profit is estimated to be approximately 60% of Gross Revenue Less Network Fees
Headwinds
- Moderate impact from Omicron in Q1
- Other macro realities
- Our 2022 Outlook excludes contribution from the two acquisitions announced on March 1, 2022
- Cost of sales is estimated to be approximately 40% of Gross Revenue Less Network Fees for fiscal year 2022
- Estimated adjustments from net income to Adjusted EBITDA at the mid-point of the guidance range above for fiscal year 2022 are depreciation and amortization expense of approximately $130 million, interest expense of approximately $29 million, equity-based compensation expense of approximately $38 million and income taxes of $8 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+3.7%
Avg return
Earnings day
+4.6%
Avg return
5 days after
+5.2%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+21.7%
Q4 2022
Best reaction
-17.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.1% | -4.9% | -11.3% | |
| Q4 2025 | -15.5% | -13.0% | -22.5% | |
| Q3 2025 | -1.0% | +6.3% | +2.6% | |
| Q1 2025 | +12.8% | +3.4% | +16.2% | |
| Q4 2024 | -17.5% | -22.8% | -29.5% | |
| Q3 2024 | -3.4% | -7.5% | -4.2% | |
| Q2 2024 | +12.4% | +19.7% | +19.2% | |
| Q1 2024 | +2.9% | +0.6% | +15.3% | |
| Q4 2023 | +18.0% | +14.8% | -9.2% | |
| Q3 2023 | +16.5% | +23.5% | +41.4% | |
| Q2 2023 | +1.1% | +1.7% | -9.4% | |
| Q1 2023 | -10.8% | -6.4% | -0.3% | |
| Q4 2022 | +21.7% | +26.7% | +27.8% | |
| Q3 2022 | -0.4% | +17.8% | +13.4% | |
| Q2 2022 | +10.7% | +12.6% | +5.6% | |
| Q1 2022 | -1.0% | +0.6% | -9.9% | |
| Q4 2021 | -7.2% | -16.5% | +17.6% | |
| Q3 2021 | +14.4% | +20.8% | -6.3% | |
| Q2 2021 | +4.9% | -1.0% | -0.3% | |
| Q1 2021 | -8.3% | -12.2% | -0.2% | |
| Q4 2020 | +12.8% | +15.1% | +22.5% | |
| Q3 2020 | +0.9% | +11.1% | +15.8% | |
| Q2 2020 | +12.5% | +15.1% | +25.7% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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