| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.2K | 21.8% | 29.4% |
| Total Income | 1.2K | 21.8% | 29.4% |
| Expenditure | 1.1K | 20.3% | 28.2% |
| PBT | 60.50 | 8.6% | 129.0% |
| Net Profit | 28.10 | 17.4% | 47.8% |
| OPM | 9.74% | 1.14pp | 0.89pp |
| NPM | 2.39% | 1.13pp | 3.53pp |
| EPS | — |
Shift4 Payments Reports Q3 2025 Volume Up 26% to $54.7 Billion
04 May 2026 · 4 May, 7:42 am
Summary
Shift4 Payments, Inc. announced its Q3 2025 financial results, showcasing significant growth across key metrics. The company reported a 26% increase in volume to $54.7 billion and a 29% increase in gross revenue to $1,176.9 million. Gross profit surged by 62% to $409.6 million, and adjusted EBITDA reached $292.1 million, representing a 50% margin. The company also authorized a new $1 billion stock repurchase program.
Key Highlights
- 1
Shift4 Payments' volume reached $54.7 billion during Q3 2025, reflecting a 26% increase compared to Q3 2024.
- 2
Gross revenue for Q3 2025 was $1,176.9 million, up 29% from $909.2 million in Q3 2024.
- 3
The company's gross profit for Q3 2025 increased by 62% year-over-year to $409.6 million.
- 4
Gross revenue less network fees for Q3 2025 grew by 61% year-over-year to $589.2 million.
- 5
Shift4 Payments reported a net income of $33.4 million for Q3 2025.
- 6
Adjusted EBITDA for Q3 2025 was $292.1 million, with an Adjusted EBITDA margin of 50%.
Management Comments
Jared Isaacman
As you will see in the pages ahead, we had another reasonably strong quarter despite what I would characterize as a complex economic backdrop. Compared to the third quarter of last year, we grew gross profit 62%, gross revenues less network fees 61% and at strong adjusted EBITDA margins of 50%. Non-GAAP net income per share for the quarter was $1.47. When excluding the impact of Global Blue, gross revenue less network fees grew 19%. Whether it be “sitting on our hands” growth of 19% or 61% when including Global Blue, or our “most-likely” medium term outlook when considering continued capital allocation, you should see that we are well on our way to delivering on our 3 year commitments. These results highlight the durability of our unique operating model.
Taylor Lauber
Global Blue will represent a step-function increase in the pace of progress for Shift4. It has a highly unique product capability that is deeply intertwined with commerce, world class customers and an excellent team operating all over the world. During the quarter they continued to deliver strong performance, win new customers and maintain resilience despite a modestly weakening consumers in Japan and Europe.
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