Shift4 Clocks 89 Percent Revenue Growth in Q4; Reveals Deals for Global Expansion, Crypto Capabilities

By Benzinga
Benzinga
Benzinga
March 3, 2022 Updated: March 3, 2022

Shift4 Payments Inc. reported fourth-quarter FY21 gross revenue growth of 89 percent year-on-year to $399.4 million, beating the consensus of $382.9 million. Gross revenue minus network fees were up 65 percent Y/Y to $146.9 million.

End-to-end payment volume climbed 97 percent Y/Y to $13.4 billion.

Adjusted EPS of $0.08 missed the consensus of $0.18.

Adjusted EBITDA improved 65 percent Y/Y to $44 million. The margin contracted 800 bps Q/Q to 30 percent.

Shift4 generated $3.6 million in operating cash flow and held $1.23 billion in cash and equivalents.

Outlook

Shift4 sees FY22 revenue of $1.9 billion–$2.0 billion versus the consensus of $1.94 billion.

It sees adjusted EBITDA of $240 million–$250 million.

Acquisitions

Shift4 agreed to acquire Finaro, a cross-border eCommerce payments provider with a significant European presence, and The Giving Block, specializing in cryptocurrency fundraising for nonprofits. The financial terms of the transactions remain undisclosed.

The acquisitions will likely contribute over $15 billion of end-to-end payment volume and $35 million of adjusted EBITDA in 2023.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga