Shift4 Payments' second quarter revenue and EPS beat estimates, driven by payment volume growth of 22% to $61 billion.

Shift4 Payments reported second quarter gross revenue of $1.3 billion, a 34% year-over-year increase, and non-GAAP EPS of $1.32. The results were driven by strong growth in payment volume, although the company lowered its full-year guidance, citing anticipated travel disruptions in the Middle East and foreign exchange impacts.

Key Highlights

• Payment volume increased 22% year-over-year to $61 billion, significantly exceeding analyst expectations.
• Gross Revenue Less Network Fees (GRLNF) grew 51% to $624 million, with underlying organic growth of 11%.
• Adjusted EBITDA rose 39% to $284 million, representing a 46% margin for the quarter.
• The company lowered its full-year 2026 GRLNF guidance midpoint by approximately 200 basis points to reflect a $25 million impact from Middle East travel disruption in the third quarter.