NYSE$FOUR

Shift4 Payments Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Shift4's Q4 2020 earnings exceeded expectations, driven by strong growth in end-to-end payment volume and gross revenue.

Shift4 Payments reported strong Q4 2020 results, with significant increases in end-to-end payment volume and gross revenue less network fees. The company demonstrated resilience and growth despite the ongoing pandemic, driven by its innovative solutions and strategic partnerships.

  • End-to-end payment volume increased to $11.4 billion.
  • Gross revenue less network fees rose to $88.5 million.
  • Adjusted EBITDA reached $35.5 million.
  • The company provided positive forward guidance, anticipating continued growth and profitability.

Headline financials

Total Revenue

$211M

Previous: $202M+4.4%
EPS (adj)

-$0.05

Previous: -$0.35+85.9%
End-to-end payment volume

$11.4B

Previous: $7.9B+44.3%
GRLNF

$88.5M

Previous: $62.9M+40.7%
Adjusted EBITDA

$35.5M

Previous: $19.4M+83.0%
Adjusted EBITDA margin

40.1%

Previous: 30.8%+30.2%
Net Income

-$8.3M

Previous: -$13.8M+39.9%
Operating Income

$4.8M

Previous: $100K+4700.0%
Gross Profit

$72.7M

Previous: $50.2M+44.8%
Cash & Equivalents

$177M

No prior period
Total Assets

$1.41B

No prior period

Revenue & EPS history

Shift4 · Revenue · Quarterly

$211M

Q4 2020+4.4%vs Q4 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

Shift4 anticipates continued growth and profitability, driven by increasing payment volume and strategic initiatives. The company expects to maintain a strong financial position and capitalize on market opportunities.

Tailwinds

  • End-to-end payment volume between $12.4 billion and $12.7 billion
  • Gross revenue less network fees between $95 million and $98 million
  • Adjusted EBITDA between $37 million and $40 million
  • Capital expenditures of approximately $10 million
  • Depreciation and amortization of approximately $9 million

Headwinds

  • Continued impact of the COVID-19 pandemic on certain industries
  • Potential fluctuations in payment volume due to economic conditions
  • Increased competition in the payment processing market
  • Risks associated with integrating acquired businesses
  • Potential changes in regulatory requirements

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 Q4 2020

Historical avgQ4 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

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