NYSE$FOUR

Shift4 Payments Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Shift4 achieved record volume, gross profit, gross revenue less network fees, net income, Adjusted EBITDA and Adjusted Free Cash Flow

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.

Headline financials

Total Revenue

$547M

Previous: $378M+44.9%
EPS (adj)

$0.44

Previous: $0.26+69.2%
End-to-end payment volume

$20.6B

Previous: $13.5B+52.6%
GRLNF

$197M

Previous: $148M+32.6%
Adjusted EBITDA

$85.4M

Previous: $55.8M+53.0%
Adjusted EBITDA margin

43.0%

Previous: 38.0%+13.2%
Capital Expenditures

-$6.8M

Previous: -$6.3M-7.9%
Free Cash Flow

$36.3M

Previous: -$15.5M+334.2%
Net Income

$43.1M

Previous: -$9.2M+568.5%
Operating Income

$53.5M

Previous: -$5.6M+1055.4%
Gross Profit

-$407M

Previous: $64.4M-732.3%
Cash & Equivalents

$673M

Previous: $1.29B-47.8%
Total Assets

$2.49B

Previous: $2.36B+5.5%

Revenue & EPS history

Shift4 · Revenue · Quarterly

$547M

Q3 2022+44.9%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Shift4 is raising 2022 volume, Gross Revenue less Network Fees, Adjusted EBITDA, Adjusted FCF outlook and reaffirming its mid-term outlook.

Tailwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 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

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

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