Financials Shift4 Payments, Inc.

Equities

FOUR

US82452J1097

Business Support Services

Delayed Nyse Other stock markets 04:00:02 2026-01-16 pm EST			5-day change	1st Jan Change
64.41 ^USD	-2.28%		-3.69%	+2.29%

Jan. 16	Shift4 Payments' Organic Growth Might Not be Sustainable, Deutsche Bank Says in Downgrade	MT
Jan. 16	Where the Money's Moving

Projected Income Statement: Shift4 Payments, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	766.9	1,368	1,994	2,565	3,331	4,192	5,226	6,061
Change	-	78.32%	45.78%	28.65%	29.86%	25.87%	24.65%	15.99%
EBITDA ¹	87.7	167.2	289.7	459.9	677.4	973	1,234	1,431
Change	-	90.65%	73.27%	58.75%	47.29%	43.63%	26.82%	15.95%
EBIT ¹	-57.6	-49.2	94.7	114.8	247	386	611.3	758.7
Change	-	14.58%	292.48%	21.22%	115.16%	56.27%	58.37%	24.11%
Interest Paid ¹	-40.2	-28	-32.5	-32.1	-61.8	-190.7	-243.9	-233.1
Earnings before Tax (EBT) ¹	-113.8	-77.1	86.9	119.5	-1.6	223.3	423.9	614.1
Change	-	32.25%	212.71%	37.51%	-101.34%	14,056.98%	89.84%	44.85%
Net income ¹	-18.4	-48.2	75.1	86.2	229.6	144.7	312.5	431.8
Change	-	-161.96%	255.81%	14.78%	166.36%	-36.98%	116.01%	38.15%
Announcement Date	3/4/21	3/1/22	2/28/23	2/27/24	2/18/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	210.9	239.3	351	377.8	399.4	401.9	506.7	547.3	537.7	547	637	675.4	705.4	707.4	827	909.2	887	848.3	966.2	1,177	1,201	1,144	1,272	1,370	1,419	1,309	1,461	1,588
Change	-	13.47%	46.68%	7.64%	5.72%	0.63%	26.08%	8.01%	-1.75%	1.73%	16.45%	6.03%	4.44%	0.28%	16.91%	9.94%	-2.44%	-4.36%	13.9%	21.81%	2.04%	-4.74%	11.19%	7.74%	3.54%	-7.71%	11.59%	8.71%
EBITDA ¹	26.7	22.2	45.2	55.8	44	44.3	65.6	85.4	94.4	89.3	110	124.5	136.1	121.7	162.4	187.4	205.9	168.5	205.1	292.1	306.4	253.2	292.8	328.7	351.7	293.3	338.7	386.4
Change	-	-16.85%	103.6%	23.45%	-21.15%	0.68%	48.08%	30.18%	10.54%	-5.4%	23.18%	13.18%	9.32%	-10.58%	33.44%	15.39%	9.87%	-18.16%	21.72%	42.42%	4.89%	-17.37%	15.65%	12.26%	7%	-16.62%	15.51%	14.06%
EBIT ¹	-5.5	-43.5	4.9	-5.6	-5	-11.7	22.9	53.5	30	8.8	33.9	44.7	27.4	21.4	59.2	80.4	86	25.4	83.1	114.6	144	97.14	139.2	168.2	182.9	124	171.8	204.3
Change	-	-690.91%	111.26%	-214.29%	10.71%	-134%	295.73%	133.62%	-43.93%	-70.67%	285.23%	31.86%	-38.7%	-21.9%	176.64%	35.81%	6.97%	-70.47%	227.17%	37.91%	25.67%	-32.55%	43.34%	20.82%	8.72%	-32.22%	38.61%	18.91%
Charge d'intérêts ¹	-8.1	-6.5	-6.3	-7.4	-7.8	-7.9	-8.4	-8.3	-7.9	-8.1	-8	-8	-8	-8.1	-8.1	-18.3	-27.3	-28.5	-39.4	-60.8	-61.92	-62.56	-59.76	-62.3	-59.21	-59.43	-59.43	-59.43
Earnings before Tax (EBT) ¹	-23.1	-50.2	-1.4	-12.8	-12.7	-19.4	16	47.6	42.7	16.8	33.5	47.4	21.8	29.9	52.7	-208.3	124.1	11.4	55.7	60.5	94.99	47.45	91.5	113.7	138.1	92.7	129.5	169
Change	-	-117.32%	97.21%	-814.29%	0.78%	-52.76%	182.47%	197.5%	-10.29%	-60.66%	99.4%	41.49%	-54.01%	37.16%	76.25%	-495.26%	159.58%	-90.81%	388.6%	8.62%	57%	-50.04%	92.84%	24.24%	21.46%	-32.87%	39.65%	30.57%
Net income ¹	-12.4	-32.6	4.5	-9.2	-9.4	-7.5	10.3	43.1	29.2	14.8	25.1	32.6	13.7	20.6	39.2	53.8	116	16.7	34	13	72.19	30.31	67.36	81.51	102.2	52.79	97.11	125.5
Change	-	-162.9%	113.8%	-304.44%	-2.17%	20.21%	237.33%	318.45%	-32.25%	-49.32%	69.59%	29.88%	-57.98%	50.36%	90.29%	37.24%	115.61%	-85.6%	103.59%	-61.76%	455.28%	-58.02%	122.26%	21.01%	25.42%	-48.36%	83.96%	29.21%
Announcement Date	3/4/21	5/6/21	8/5/21	11/10/21	3/1/22	5/5/22	8/4/22	11/7/22	2/28/23	5/4/23	8/3/23	11/8/23	2/27/24	5/9/24	8/8/24	11/12/24	2/18/25	4/29/25	8/5/25	11/6/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Shift4 Payments, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	78.5	530	965	1,295	1,629	3,246	2,788	2,241
Change	-	575.16%	82.08%	34.2%	25.79%	99.25%	-14.11%	-19.62%
Announcement Date	3/4/21	3/1/22	2/28/23	2/27/24	2/18/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Shift4 Payments, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4.8	8.2	8	13.7	7.1	61.31	53.56	60.55
Change	-	70.83%	-2.44%	71.25%	-48.18%	763.47%	-12.63%	13.05%
Free Cash Flow (FCF) ¹	18.6	21	267.4	273.5	399.2	509.1	680.3	832.2
Change	-	12.9%	1,173.33%	2.28%	45.96%	27.54%	33.61%	22.33%
Announcement Date	3/4/21	3/1/22	2/28/23	2/27/24	2/18/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Shift4 Payments, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.44%	12.23%	14.53%	17.93%	20.34%	23.21%	23.61%	23.6%
EBIT Margin (%)	-7.51%	-3.6%	4.75%	4.48%	7.42%	9.21%	11.7%	12.52%
EBT Margin (%)	-14.84%	-5.64%	4.36%	4.66%	-0.05%	5.33%	8.11%	10.13%
Net margin (%)	-2.4%	-3.52%	3.77%	3.36%	6.89%	3.45%	5.98%	7.12%
FCF margin (%)	2.43%	1.54%	13.41%	10.66%	11.99%	12.14%	13.02%	13.73%
FCF / Net Income (%)	-101.09%	-43.57%	356.06%	317.29%	173.87%	351.9%	217.67%	192.75%
Profitability
ROA	-	-	-	-	5.45%	2.31%	3.99%	5.5%
ROE	-14.52%	15.16%	38.12%	49.13%	58.07%	38.09%	32.88%	30.81%
Financial Health
Leverage (Debt/EBITDA)	0.9x	3.17x	3.33x	2.82x	2.4x	3.34x	2.26x	1.57x
Debt / Free cash flow	4.22x	25.22x	3.61x	4.74x	4.08x	6.38x	4.1x	2.69x
Capital Intensity
CAPEX / Current Assets (%)	0.63%	0.6%	0.4%	0.53%	0.21%	1.46%	1.02%	1%
CAPEX / EBITDA (%)	5.47%	4.9%	2.76%	2.98%	1.05%	6.3%	4.34%	4.23%
CAPEX / FCF (%)	25.81%	39.05%	2.99%	5.01%	1.78%	12.04%	7.87%	7.28%
Items per share
Cash flow per share ¹	0.5196	3.984	3.327	4.691	5.466	5.736	10.72	11.55
Change	-	666.67%	-16.48%	40.99%	16.52%	4.93%	86.98%	7.69%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	5.706	3.283	4.191	7.58	9.057	15.8	20.96	27.9
Change	-	-42.46%	27.66%	80.87%	19.49%	74.48%	32.61%	33.11%
EPS ¹	-0.43	-0.89	1.05	1.43	3.03	1.61	3.513	5.025
Change	-	-106.98%	217.98%	36.19%	111.89%	-46.87%	118.23%	43.05%
Nbr of stocks (in thousands)	45,152	56,662	56,633	58,603	70,301	68,818	68,818	68,818
Announcement Date	3/4/21	3/1/22	2/28/23	2/27/24	2/18/25	-	-	-