Shift4 Payments, Inc. (FOUR) Form 10-Q — Aug 6, 2026

$FOURForm 10-QFiled Aug 6, 2026, 4:13 PM ET0001794669-26-000045Original filing

Shift4 Payments reported Q2 2026 gross revenue of $1,295 million, up 34% year over year, on processed volume of $61 billion (+22%), with Adjusted EBITDA up 39% to $284 million. GAAP profitability nonetheless deteriorated: net income fell to $24 million from $41 million and diluted EPS dropped to $0.08 from $0.32 as interest expense nearly doubled to $65 million on Global Blue acquisition financing and preferred dividends. Leverage is the central story: total debt principal stood at $4,549 million at June 30, 2026, including $633 million of 0.90% convertible notes due August 2027, while unrestricted cash fell to $356 million from $964 million at year-end.

Key figures

Eps: 0.08
Revenue: 1295000000
Net Income: 24000000
Total Debt: 4549000000
Revenue Yoy: +34%
Total Assets: 8699000000
Cash Position: 356000000
Shares Outstanding: 78960120
Volume h1 2026: $117 billion (+23% YoY)
Volume q2 2026: $61 billion (+22% YoY)
Preferred stock: 10,423,296 shares of 6.00% Series A Mandatory Convertible Preferred, ~$1.0 billion liquidation preference; $63 million expected dividends over next 12 months
H1 2026 buybacks: 6,137,541 shares for $320 million at avg $52.17; $375 million remaining under $1.0 billion program
Revolver capacity: $550 million undrawn
H1 2026 net income: $36 million vs $61 million
Pending acquisition: $143 million initial cash + up to $173 million contingent (~$316 million max), signed August 5, 2026
H1 2026 gross revenue: $2,416 million vs $1,814 million (+33%)
Incremental term loan: $1 billion added July 8, 2026 (~$983 million net proceeds); revolver extended to July 8, 2031
Convertible notes 2027: $633 million at 0.90%, due August 1, 2027
Adjusted ebitda q2 2026: $284 million vs $205 million (+39%)
Rook margin loan pledge: 15,000,000 Class A shares pledged
Future interest payments: $1,556 million total; $242 million within 12 months
Interest expense q2 2026: $65 million vs $39 million prior year
Bambora acquisition price: $92 million cash (closed March 2, 2026; 140,000+ merchants)
Settlement line borrowings: $106 million of $125 million available
Operating cash flow h1 2026: $197 million vs $238 million prior year
Net income to common q2 2026: $7 million after $15 million preferred dividends
Founder distributions h1 2026: $139 million
Net income attributable q2 2026: $22 million vs $34 million
Global blue q2 revenue contribution: $168 million
Gross revenue less network fees q2 2026: $624 million vs $413 million (+51%)

Price after filing

1 day: -4.0%7 days: -13.7%30 days: -17.4%

Close on the filing date to close N calendar days later (from $55.61). Historical, not a forecast.

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