Shift4 Payments, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited) (in millions of $USD, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Gross revenue | $1,121 | $848 |
| Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) | (729) | (591) |
| General and administrative expenses | (216) | (153) |
| Revaluation of contingent liabilities | — | 3 |
| Depreciation and amortization expense (a) | (94) | (56) |
| Professional expenses | (21) | (19) |
| Advertising and marketing expenses | (11) | (7) |
| Income from operations | 50 | 25 |
| Interest income | 5 | 13 |
| Other expense, net | (2) | (1) |
| Change in TRA liability | — | 3 |
| Interest expense | (65) | (29) |
| Income (loss) before income taxes | (12) | 11 |
| Income tax benefit | 24 | 9 |
| Net income | 12 | 20 |
| Less: Net (income) loss attributable to noncontrolling interests | 3 | (3) |
| Net income attributable to Shift4 Payments, Inc. | 15 | 17 |
| Less: Preferred dividends | (16) | — |
| Net income (loss) attributable to common stockholders | $(1) | $17 |
| Net income (loss) per share attributable to Class A and Class C common stockholders (b) | ||
| Basic | $(0.01) | $0.24 |
| Diluted | $(0.01) | $0.20 |
| Weighted average Class A and Class C common shares outstanding (b) | ||
| Basic | 73,641,439 | 69,152,460 |
| Diluted | 73,641,439 | 92,155,988 |
| See accompanying notes to unaudited condensed consolidated financial statements. | ||
(a)Depreciation and amortization expense includes depreciation of equipment under lease of $22 million and $16 million for the three months ended March 31, 2026 and 2025, respectively.
(b)In prior periods, the Company presented basic and diluted net income per share separately for Class A and Class C common stock. In the current period, the Company elected to present a single net income per share amount for these classes as they have identical economic rights. Prior period amounts have been conformed to the current presentation.
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