Shift4 posted Q2 net income of USD 24 million, down 41% year over year; operating income rose 14% to USD 95 million.
Gross revenue climbed 34% to USD 1.3 billion, driven by payments-based revenue up 24% to USD 1.07 billion; volume rose 22% to USD 61 billion.
Tax-free shopping revenue was USD 117 million following the Global Blue acquisition; interest expense increased to USD 65 million on new 2025 debt.
Adjusted EBITDA (non-GAAP) increased 39% to USD 284 million; GAAP EBITDA rose 45% to USD 238 million.
Acquisition agreement
Shift4 signed an August agreement to buy an account-to-account payments company for about USD 143 million cash, plus up to USD 173 million contingent consideration.
FOUR•
