Shift4 Payments

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, with a top-line beat but significant misses in profitability and cash flow metrics. Revenue of $1.3B exceeded the $1.24B consensus, and Adjusted EPS of $1.32 beat the $1.24 mean estimate. However, GAAP Net Income of $24M fell short of the $21.5M expected (when adjusted for scale), and Free Cash Flow was deep in negative territory at -$9M vs. the $10M positive expectation. Notably, management lowered FY26 GRLNF guidance by 200bps due to ongoing Middle East travel disruptions affecting the Tax-Free Shopping business.