NYSE$FOUR
Shift4 Payments Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Shift4 achieved new quarterly records for volume, gross revenue less network fees, and free cash flow.
Shift4 Payments reported a strong first quarter, marked by significant growth in end-to-end volume, gross revenue, and gross revenue less network fees. The company generated net income of $20.4 million and increased Adjusted EBITDA by 102% over the same period last year. The Board has authorized a $250 million share buyback program.
- End-to-end payment volume reached $22.3 billion, a 66% increase year-over-year.
- Gross revenue was $547.0 million, up 36% compared to Q1 2022.
- Gross profit increased by 78% year-over-year to $138.2 million.
- Adjusted EBITDA rose by 102% year-over-year to $89.3 million, with Adjusted EBITDA margins at 45%.
Headline financials
Revenue & EPS history
Shift4 · Revenue · Quarterly
$547M
Forward guidance
Shift4 is increasing its full year outlook for 2023.
Tailwinds
- End-to-End Payment Volume: Increased from $104 Billion to $110 Billion
- Gross Revenue: Increased from $2.55 Billion to $2.70 Billion
- Gross Revenue Less Network Fees: Increased from $920 Million to $955 Million
- Adjusted EBITDA: Increased from $420 Million to $440 Million
- Adjusted Free Cash Flow Conversion: 53%+
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 2023
+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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