NYSE$FOUR

Shift4 Payments Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Shift4 Payments reported second quarter 2020 results, highlighting resilience amid the COVID-19 pandemic and becoming a publicly traded company.

Shift4 Payments' Q2 2020 results showed a decrease in gross revenue due to the COVID-19 pandemic, but also highlighted the resilience of its merchant base with recovery in end-to-end payment volumes. The company reported a net loss, an adjusted net loss, and a decrease in adjusted EBITDA compared to the prior year period.

  • Gross revenue decreased by 21% to $141.8 million compared to the prior year period.
  • End-to-end payment volume was $4.2 billion, a 23% decrease year-over-year.
  • Gross revenue less network fees was $67.4 million, a 10% decrease year-over-year.
  • Adjusted EBITDA was $14.8 million, a 38% decrease year-over-year.

Headline financials

Total Revenue

$142M

Previous: $181M-21.4%
EPS (adj)

-$0.01

Previous: -$0.21+95.2%
End-to-end payment volume

$4.2B

Previous: $5.5B-23.6%
GRLNF

$67.4M

Previous: $75.3M-10.5%
Adjusted EBITDA

$14.8M

Previous: $24M-38.3%
Capital Expenditures

-$1.4M

No prior period
Free Cash Flow

-$75.4M

No prior period
Net Income

-$74M

Previous: -$8.2M-802.4%
Operating Income

-$57M

Previous: $4.2M-1457.1%
Gross Profit

$32.3M

Previous: $43.6M-25.9%
Cash & Equivalents

$244M

No prior period
Total Assets

$1.01B

No prior period

Revenue & EPS history

Shift4 · Revenue · Quarterly

$142M

Q2 2020-21.4%vs Q2 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

Shift4 Payments provided its outlook for Q3 and Q4 2020, including expectations for end-to-end volume, gross revenues less network fees, and adjusted EBITDA.

Tailwinds

  • Q3 End-to-End volumes are expected to range between $6.2 billion and $6.5 billion.
  • Q4 End-to-End volumes are expected to range between $6.5 billion and $6.9 billion.
  • Q3 Gross Revenues Less Network Fees are expected to range between $74 million and $78 million.
  • Q4 Gross Revenues Less Network Fees are expected to range between $75 million and $79 million.
  • Q3 and Q4 Adjusted EBITDA is expected to range between $20 million and $23 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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro