FOUR Shift4 Payments, Inc.

BULLISH Impact: 8/10 8-K
Horizon months Filed Feb 26, 2026 Processed 3mo ago SEC 0001794669-26-000006
8-K Item 2.02: Earnings release
Final — all horizons settled through T+60d
FOUR ▼ -10.08% at T+60d
LONG call ✗ call lost -10.08% · α vs SPY -17.83% · entry $48.41 → $43.53
Currently $41.18 · -14.93% from $48.41 entry
Entry anchored
Feb 25, 03:59 PM ET
via Databento tick
T+1d
-8.97%
call -8.97% · α -8.51%
$44.07
settled 4mo ago
T+5d
+1.22%
call +1.22% · α +2.35%
$49.00
settled 3mo ago
T+20d
0.00%
call 0.00% · α +6.40%
$48.41
settled 3mo ago
T+60d
-10.08%
call -10.08% · α -17.83%
$43.53
settled 23d ago

Price Chart

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Executive Summary

Shift4 Payments reported strong Q4 2025 results with 51% year-over-year growth in gross revenue less network fees and 58% growth in gross profit, driven by the acquisition of Global Blue. The company introduced 2026 guidance calling for 26-31% growth in gross revenue less network fees and highlighted a 50% adjusted EBITDA margin, indicating strong profitability and operational efficiency.

Key Financial Metrics

Revenue
$1.2B
+34.0% YoY
Adj. EPS
$1.60
GAAP: $0.36
Guidance
$2.50 Billion - $2.60 Billion
raised
Free Cash Flow
$156.0M
Gross Margin
36.08073927669469%

Actionable Insight

The strong growth and high margins suggest successful integration of Global Blue. The 2026 guidance indicates sustained momentum, making this a potential buying opportunity for investors seeking exposure to payment processing growth in luxury retail and international markets.

Key Facts

  • Q4 2025 gross revenue less network fees grew 51% YoY to $610 million
  • Gross profit increased 58% YoY to $429 million
  • Adjusted EBITDA grew 48% YoY to $304 million with a 50% margin
  • 2026 guidance calls for 26-31% growth in gross revenue less network fees
  • Volume grew 23% YoY to $59 billion in Q4 2025
  • Non-GAAP EPS was $1.60, up from $1.44 in Q4 2024

Financial Impact

Revenue growth of $302 million (51%) and gross profit growth of $158 million (58%) in Q4 2025

revenuegross profitadjusted EBITDAEPS

Segment Breakdown

SegmentRevenue
Payments-Based Revenue Less Network Fees$340.0M
Tax-Free Shopping$125.0M
Subscription and Other$145.0M

Risk Factors

  • Integration risks from the Global Blue acquisition
  • Potential margin pressure as Global Blue is currently dilutive to EBITDA margins
  • Execution risk in realizing projected revenue synergies

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001794669-26-000006
Document: four-20260226.htm0001794669-26-000006
Document: 0001794669-26-000006-index-headers.html0001794669-26-000006
Document: 0001794669-26-000006-index.html0001794669-26-000006
Document: 0001794669-26-000006.txt0001794669-26-000006

US Market Status

Market Closed — Opens Mon (49h 36m)

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