Payment processing company Shift4 Payments (NYSE: FOUR) met Wall Streets revenue expectations in Q3 CY2025, with sales up 29.4% year on year to $1.18 billion. Its non-GAAP profit of $1.47 per share was in line with analysts’ consensus estimates.

Is now the time to buy Shift4? Find out by accessing our full research report, it’s free for active Edge members.

Company Overview

Starting as a payment gateway provider in 1999 and now processing over $200 billion in annual payment volume, Shift4 Payments (NYSE: FOUR) provides integrated payment processing solutions and software that help businesses accept and manage transactions across in-store, online, and mobile channels.

Revenue Growth

Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Luckily, Shift4’s revenue grew at an incredible 38.6% compounded annual growth rate over the last five years. Its growth surpassed the average financials company and shows its offerings resonate with customers, a great starting point for our analysis.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Shift4’s annualized revenue growth of 27.2% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Shift4’s year-on-year revenue growth of 29.4% was excellent, and its $1.18 billion of revenue was in line with Wall Street’s estimates.

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Volume

The total number of transactions and loan originations flowing through a firm is a key driver of top-line growth. Taken together, this volume is the lifeblood of financial services companies, whether traditional banks or fintech disruptors.

Shift4’s volumes have grown at an annual rate of 53.1% over the last five years, much better than the broader financials industry and faster than its total revenue. When analyzing Shift4’s volumes over the last two years, we can see that growth decelerated to 42.2% annually.

Shift4’s volumes punched in at $54.7 billion this quarter, beating analysts’ expectations by 1.7%. This print was 25.7% higher than the same quarter last year.

Key Takeaways from Shift4’s Q3 Results

It was encouraging to see Shift4 beat analysts’ transaction volumes expectations this quarter. Despite this volume strength, revenue and EPS met expectations. The stock traded up 5.7% to $71 immediately after reporting.

Is Shift4 an attractive investment opportunity at the current price? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.