Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________ FORM 10-K _________________________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ ...

Financial Data and Key Metrics Changes - End-to-end payment volumes increased 49% year-over-year to $47.9 billion [8] - Gross revenue less network fees increased 50% to $405 million [9] - Adjusted EBITDA increased 51% to $205.9 million [9] - Adjusted free cash flow increased 78% to $134 million [9] - Year-end net leverage was 2.5 times [11] Business Line Data and Key Metrics Changes - Subscription and other revenue was $115 million in Q4, up 100% compared to the same period last year [46] - Unified commerce platform saw Q4 year-over-year volumes up 660% and calendar year volumes up 319% [25] - SkyTab installations surpassed the initial goal of 30,000 for 2024 [14] Market Data and Key Metrics Changes - International expansion included processing across Latin America and plans to launch in four to six additional countries [31] - Significant growth in the non-profit sector with record volumes [25] Company Strategy and Development Direction - The acquisition of Global Blue for approximately $2.5 billion aims to enhance payment capabilities and unlock revenue synergies [36][38] - Focus on building a unified commerce platform to streamline payment processes globally [22][29] - Strategy to follow strategic customers into new international markets [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in surpassing midterm guidance despite economic challenges [11] - Anticipated adjusted EBITDA margins of approximately 45% for Q1, aligning with historical trends [51] - Guidance for 2025 includes volume between $200 billion and $220 billion, representing 21% to 33% year-over-year growth [51] Other Important Information - GAAP net income for Q4 was $139 million, with GAAP diluted EPS at $1.44 [49] - Company repurchased over one million shares for $110 million, leaving $350 million of capacity available [48] Q&A Session Summary - No questions were entertained during the call as it was followed by an Investor Day event [6][53]

For the quarter ended December 2024, Shift4 Payments (FOUR) reported revenue of $405 million, up 50.4% over the same period last year. EPS came in at $1.35, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $405.41 million, representing a surprise of -0.10%. The company delivered an EPS surprise of +16.38%, with the consensus EPS estimate being $1.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Shift4 Payments (FOUR) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.38%. A quarter ago, it was expected that this company would post earnings of $1.10 per share when it actually produced earnings of $1.04, delivering a surprise of -5.45%.Over the last four quarters, the company ...

Exhibit 99.1 HTTP SHIFT@ Q4 2024 SHAREHOLDER LETTER INVESTORS.SHIFT4.COM Forward-Looking Statements This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 Payments, Inc. ("we. "our," the "Company." o "Shift4") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange A ...

Wall Street analysts expect Shift4 Payments (FOUR) to post quarterly earnings of $1.16 per share in its upcoming report, which indicates a year-over-year increase of 52.6%. Revenues are expected to be $405.41 million, up 50.5% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company a ...

Financial Performance - Gross revenue for Q3 2024 reached $909.2 million, a 34.6% increase from $675.4 million in Q3 2023[14] - Net income attributable to Shift4 Payments, Inc. was $53.8 million in Q3 2024, compared to $32.6 million in Q3 2023, reflecting a 64.0% increase[14] - Comprehensive income attributable to Shift4 Payments, Inc. was $81.5 million in Q3 2024, up from $28.6 million in Q3 2023[15] - Income from operations for Q3 2024 was $80.4 million, a significant increase from $44.7 million in Q3 2023[14] - Basic net income per share for Class A was $0.78 in Q3 2024, compared to $0.56 in Q3 2023, representing a 39.3% increase[14] - Net income for the nine months ended September 30, 2024, was $155.2 million, compared to $103.7 million for the same period in 2023, representing a 49.8% increase[19] - Adjusted EBITDA for the nine months ended September 30, 2024, was $471.5 million, compared to $323.8 million in the prior year, reflecting improved operational performance[127] Assets and Liabilities - Total current assets increased to $2,094.6 million as of September 30, 2024, up from $1,153.3 million at December 31, 2023, representing an increase of 81.8%[13] - Total liabilities increased to $4,001.1 million from $2,519.4 million, reflecting a rise of 58.7%[13] - Long-term debt surged to $2,838.0 million, up from $1,750.2 million, indicating an increase of 62.1%[13] - Total assets reached $5,048.9 million, up from $3,387.8 million, representing a growth of 48.9%[13] - Cash and cash equivalents rose significantly to $1,426.4 million from $455.0 million, marking a growth of 213.5%[13] Equity and Stock - Total stockholders' equity attributable to Shift4 Payments, Inc. grew to $811.8 million from $653.3 million, a rise of 24.2%[13] - The company reported a total of 66,791,329 Class A shares outstanding for Q3 2024, an increase from 56,537,008 shares in Q3 2023[14] - The company authorized a new stock repurchase program in May 2024, allowing for the repurchase of up to $500 million of Class A common stock through December 31, 2025[83] - During the nine months ended September 30, 2024, the Company repurchased 528,888 shares for $35.9 million at an average price of $67.77 per share, leaving $464.1 million available under the repurchase program[83] Revenue Streams - Payments-based revenue of $806.8 million for the three months ended September 30, 2024, up from $626.9 million for the same period in 2023, representing a growth of 28.7%[47] - Total revenue for the nine months ended September 30, 2024, was $2,443.6 million, compared to $1,859.4 million for the same period in 2023, indicating an increase of about 31.3%[47] - Subscription and other revenues surged by $53.9 million, or 111%, primarily due to recent acquisitions and higher SaaS revenue from SkyTab solutions[106] Expenses and Costs - Total cost of sales for Q3 2024 was $641.9 million, up from $495.1 million in Q3 2023, indicating a 29.6% increase[14] - General and administrative expenses increased to $118.2 million in Q3 2024 from $76.3 million in Q3 2023, a rise of 55.0%[14] - Interest expense for Q3 2024 was $18.3 million, up from $8.0 million in Q3 2023, reflecting a 128.8% increase[14] - Depreciation and amortization expense increased by $31.9 million, or 29%, primarily from amortization of intangible assets from acquisitions[121] Acquisitions and Investments - The company acquired Credorax, Inc. d/b/a Finaro in the fourth quarter of 2023, expanding its payment processing services into Europe and the U.K.[25] - The Company acquired a majority stake in Vectron Systems AG for a total purchase consideration of $62.7 million, net of cash acquired, and as of September 30, 2024, owned approximately 75% of Vectron[36] - The acquisition of Revel Systems, Inc. was completed for $245.3 million, net of cash acquired, enhancing the Company's presence in the restaurant and retail markets[41] Tax and Compliance - The Company's effective tax rate was (135)% for the three months ended September 30, 2024, significantly different from the U.S. federal statutory income tax rate of 21% due to a discrete tax benefit of $283.8 million[73] - The Company has $7.5 million of uncertain tax positions recognized as of September 30, 2024, up from $4.7 million as of December 31, 2023[74] Cash Flow - Net cash provided by operating activities increased to $354.9 million from $283.0 million, reflecting a 25.3% growth year-over-year[19] - Net cash used in investing activities increased to $435.2 million for the nine months ended September 30, 2024, from $151.1 million in 2023, primarily due to a $269.6 million increase in cash paid for acquisitions[135] - Net cash provided by financing activities was $950.6 million for the nine months ended September 30, 2024, a significant increase from net cash used of $124.3 million in 2023[136] Legal and Regulatory Matters - The company has not established reserves for ongoing legal proceedings, as it cannot determine the probability of loss or estimate damages[81] - The consolidated actions against the Company allege violations of the Securities Exchange Act of 1934, with claims for unspecified damages[81] - The Company intends to defend against the legal claims vigorously, believing they are without merit[81]

Shift4 Payments, Inc. (NYSE:FOUR) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Thomas McCrohan - Executive Vice President of Investor Relations Jared Isaacman - Chief Executive Officer Taylor Lauber - President & Chief Strategy Officer Nancy Disman - Chief Financial Officer Conference Call Participants Timothy Chiodo - UBS Dan Perlin - RBC Capital Markets Rayna Kumar - Oppenheimer & Co Darrin Peller - Wolfe Research Andrew Schmidt - Citigroup Sanjay Sakhrani - KBW Opera ...

For the quarter ended September 2024, Shift4 Payments (FOUR) reported revenue of $365.1 million, up 50.3% over the same period last year. EPS came in at $1.04, compared to $0.82 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $369.07 million, representing a surprise of -1.08%. The company delivered an EPS surprise of -5.45%, with the consensus EPS estimate being $1.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Shift4 Payments (FOUR) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.45%. A quarter ago, it was expected that this company would post earnings of $0.91 per share when it actually produced earnings of $0.96, delivering a surprise of 5.49%.Over the last four quarters, the company h ...