Shift4 Payments Reports Q3 2026 Growth with Record Free Cash Flow
Shift4 Payments (FOUR) reported strong third-quarter 2026 results, highlighted by $1.3 billion in gross revenue, a 12% increase year-over-year. The company achieved a quarterly record in adjusted free cash flow of $200 million, representing a 65% conversion rate from Adjusted EBITDA. Payment volume rose 11% to $61 billion, driven largely by strength in the experience economy and hospitality verticals. Despite facing travel disruption headwinds that impacted tax-free shopping revenue, management provided updated full-year guidance for fiscal 2026. The company is also focusing on strategic transitions, deliberately deprecating lower-quality subscription revenue to prioritize higher-margin payments-based revenue. Looking ahead, Shift4 has authorized a new $1 billion share repurchase program set to begin in early 2027.
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