Shift4 Q2 revenue rose 34% to $1.3 billion, but full-year revenue guidance was cut
Shift4 Payments reported second-quarter 2026 gross revenue of $1,295 million, up 34% year over year, but net income fell to $24 million from $41 million a year earlier. The company lowered the midpoint of its full-year 2026 gross revenue less network fees guidance by about 200 basis points, citing roughly $25 million of Middle East-related travel disruption and about $20 million of foreign exchange translation impact.
Key points
- Q2 2026 gross revenue was $1,295 million (+34% YoY); gross revenue less network fees was $624 million (+51% YoY, +11% organic).
- Net income was $24 million, or $0.08 per Class A share; non-GAAP EPS was $1.32. Adjusted EBITDA was $284 million (+39% YoY).
- Net cash from operating activities was $63 million (-56% YoY) and Adjusted Free Cash Flow was $21 million (-82% YoY).
- Full-year 2026 gross revenue less network fees guidance is now $2.48 billion to $2.53 billion, with the midpoint lowered about 200 basis points.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.