Q4 2025 Shift4 Payments Inc Earnings Call Transcript

Feb 26, 2026 / 01:30 PM GMT

Release Date Price: $61.73 (-14.20%)

Transcript 10-K8-K

Key Points

Positve

Shift4 Payments Inc (FOUR) achieved record financial results in 2025, with a 46% year-over-year growth in gross revenue less network fees.
The company successfully closed the acquisition of Global Blue, marking its entry into the luxury retail vertical and expanding its global footprint.
Shift4 Payments Inc (FOUR) introduced an all-in-one payments, DCC, and tax-free shopping terminal, which is being piloted in several European countries.
The company has expanded its presence internationally, with over 80,000 merchants outside of the Americas and a focus on new markets like Australia and New Zealand.
Shift4 Payments Inc (FOUR) reported strong adjusted EBITDA margins of 49% and adjusted free cash flow of $500 million, demonstrating financial resilience despite ongoing investments.

Negative

The macroeconomic environment remains dynamic, with potential headwinds from a weakening US dollar and geopolitical tensions affecting cross-border travel.
The company experienced volatility in same-store sales trends, particularly among SMBs in the Americas, which were further impacted by late Q4 weather events.
Shift4 Payments Inc (FOUR) anticipates a moderation in free cash flow conversion in 2026 due to factors like interest expense annualization and Global Blue-related impacts.
The integration of Global Blue and the expansion into new markets require significant investment in building sales teams, which may not pay off immediately.
There is uncertainty around the adoption and impact of new products like DCC in the US market, particularly in anticipation of international events like the World Cup.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FOUR.N - Shift4 Payments Inc
Q4 2025 Shift4 Payments Inc Earnings Call
Feb 26, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to today's shift for Payments Inc.

Q4 2025 earnings conference call.

At this time, all participants are in a listen-only mode.

Later you'll have the op opportunity to ask questions during the question-and-answer session.

To register to ask a question at any time, please press star one on your telephone keypad.

We will be standing by should you need any assistance.

It is now my pleasure to turn the meeting over to Thomas McCrean, EVP, Investor Relations.

Please go ahead.

Thank you, reader, and good morning everyone and welcome to Shiftfo's 4th quarter, 2025 earnings conference call with me on the call today are Taylor Lauer, our CEO, and

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