Earnings Releases·Nov 5, 2026, 7:02 AM ET

Shift4 Payments — Q3 2026 Earnings Summary

**Financial Performance:** Gross revenue rose 12% YoY to $1.319 billion, while Adjusted EBITDA grew 6% YoY to $310 million; Adjusted Free Cash Flow hit a quarterly record of $200 million, up 42% YoY.
**Guidance Revisions:** The company lowered full-year 2026 guidance for Volume ($240–$250B vs. $240–$260B), GRLNF ($2.45–$2.46B vs. $2.45–$2.50B), and Adjusted EBITDA ($1.11–$1.13B vs. $1.15–$1.20B), while affirming Adjusted Free Cash Flow guidance of $465–$475 million.
**Capital Allocation & M&A:** Shift4 repurchased 4.2 million shares ($190 million) and $10 million of preferred stock in Q3, bringing total returns since 2020 to $1.4 billion; pending acquisition of Paramount Commerce, Canada's leading A2A payments platform, is valued at less than 8x upfront EBITDA.
**Strategic Outlook:** Shift4 One is live in 15 countries ahead of schedule, with expectations to exit 2026 with nearly $50 million in Global Blue synergies; management remains confident that travel disruption and same-store sales headwinds will abate despite a challenging macroeconomic backdrop.