Shift4 Payments Q3 gross profit rises year over year

Shift4 Payments

05/11/2026 12:20

Overview
US payment processor's Q3 gross profit rose 10% yr/yr to $434 mln
Q3 net income reached $40 mln; adjusted net income was $132 mln
Company grew despite travel disruptions and weaker same-store sales

Outlook
Company lowers 2026 volume guidance to $240-$250 bln
Shift4 lowers 2026 gross revenue less network fees guidance to $2.45-$2.46 bln
Company adjusts 2026 full-year adj EBITDA to $1.11-$1.13 bln

Result Drivers
TRAVEL DISRUPTIONS - Co said travel disruptions weighed on its tax-free shopping business and created headwinds
PAYMENTS REVENUE GROWTH - Payments-based revenue less network fees grew 18% yr/yr, which co described as its 'north star' metric
NEW CUSTOMER WINS - Co cited signing Kahala Brands, MSG Sphere, EU hotels and Kering as new customers, supporting growth

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Net Income
 
$132 mln
 
Q3 Net Income
 
$40 mln
 
Q3 Gross Profit
 
$434 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Shift4 Payments, Inc. is $49.00, about 9.3% above its November 4 closing price of $44.82
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth
Nov 4 - FIS Q3 revenue beats estimates on acquisition boost
Nov 2 - Paymentus Q3 revenue beats on higher billers and transaction volumes

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)