Shift4 Payments, Inc. (FOUR) Earnings
Shift4 Payments, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.21. FOUR has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +0.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.99 | $0.97 | -2.0% | $549M | -49.5% |
| Nov 6, 2025 | $1.46 | $1.47 | +0.7% | $1.2B | -2.3% |
| Feb 18, 2025 | $1.16 | $1.35 | +16.4% | $887M | -11.5% |
| May 9, 2024 | $0.62 | $0.54 | -12.9% | $707M | +164.1% |
| Feb 27, 2024 | $0.82 | $0.76 | -7.3% | $705M | -6.9% |
| Aug 3, 2023 | $0.49 | $0.74 | +51.0% | $637M | +1.1% |
| May 4, 2023 | $0.40 | $0.51 | +27.5% | $547M | +4.2% |
| Feb 28, 2023 | $0.39 | $0.47 | +20.5% | $538M | +171.6% |
| Aug 4, 2022 | $0.26 | $0.33 | +26.9% | $507M | +194.5% |
| May 5, 2022 | $0.10 | $0.15 | +50.0% | $402M | +185.0% |
| Mar 1, 2022 | $0.20 | $0.08 | -60.0% | $399M | +177.4% |
| Nov 10, 2021 | $0.26 | $0.26 | +0.0% | $378M | +6.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Focused on the in-person economy for over 20 years, starting with restaurants and expanding to various physical payment places. - Acquisitions like GiveX, currency conversion, and GlobalBlue have rounded out the offering, with loyalty features from acquisitions still to be fully explored. - Significant executive attention is on replicating success in the U.S. throughout the rest of the world over a two- or three-year timeline. - Americas region is mature with battle-tested products, and international markets are seeing growth by bringing the simplification of the many parties needed for an in-person software-integrated payment experience from the Americas.
Guidance
- On rest of world payments-based revenue growth, FX-neutral impact had an almost 10-point impact in the quarter, but will dissipate in future quarters. The worldwide region from a payments-based revenue, less network fee standpoint, exceeded expectations even without isolating the FX variable. - Subscription and other revenue is volatile with low single-digit growth in disaggregated revenue category and volatile quarter to quarter, in line with the growth algorithm flagged in Q4.
Segment performance
In the Americas region, payments-based revenue was largely unaffected by prior year M&A annualization, achieving mid-teens growth with a modest positive on Triple S, and the region is punching at a greater than 3X relative growth to the baseline market. The rest of the world payments-based revenue growth exceeded expectations, with FX-neutral impact having an almost 10-point impact in the quarter, and the customer base internationally is more homogeneous in early days compared to the U.S., with majority volume growth expressed as location count growth rather than volume per merchant shift.
Risks & headwinds
- Travel disruption due to Middle East conflict impacting the tax-free shopping category, with passenger seat capacity minimized in March and forward capacity and flight deviations analyzed. The tax-free shopping business has some second derivative effects, like the U.S. dollar strengthening against the euro offsetting some travel disruption impacts in the quarter.
Analyst Q&A
Q: How does Shift4 slot into the broader global payment processing landscape?
A: Shift4 doubled down on the in-person economy 20 years ago, focusing on hardware, software, and payments working together in demanding environments. Larger players are mostly riding e-commerce waves, but Shift4 finds opportunity in physical payments and integrating physical and digital experiences. It can take share from fragmented networks like software providers and legacy banks by offering a solution that replaces multiple vendors. The international market is like the U.S. market in the early and mid-2010s where they can bring the simplification of the many parties needed for an in-person software-integrated payment experience.
Q: With DoorDash POS becoming more imminent, how does Shift4 think about competitive responses?
A: The restaurant technology sector is dynamic. Shift4 values data and has a partner-centric approach, working with players like DoorDash through deep integrations. They respect competitors but aren't particularly worried about someone eating their lunch in the restaurant vertical currently. Shift4 has a long history of running vertical software in restaurants and has dealt with competitive dynamics before.
Q: What was the FX-neutral impact on rest of world payments-based revenue growth?
A: The FX-neutral impact would have had an almost 10-point impact within the quarter relative to the 51% growth in the worldwide payments-based region, and this will dissipate in future quarters.
Q: How should we think about the quarterly cadence underpinning the mid-single-digit growth guide for the year regarding subscription and other volatility?
A: Subscription and other revenue is volatile quarter to quarter, with low single-digit growth in disaggregated revenue category as flagged in the Q4 growth algorithm, and volatility will express itself through coming quarters.
Q: What are the risks from travel in terms of the forecast?
A: Travel disruption due to Middle East conflict impacts the tax-free shopping category, with good visibility into Q2 but not forecasting conflict duration. The tax-free shopping business has second derivative effects like the U.S. dollar strengthening against the euro offsetting some travel disruption impacts in the quarter.