Description

Shift4 Payments: Can This Powerful Global Blue Expansion Unlock a New Wave of Growth?

Shift4 Payments reported solid third-quarter 2025 financial results, showcasing notable growth in several key performance indicators, though there are areas that require caution. The company posted gross revenue less network fees of $589 million, marking a 61% increase year-over-year. Adjusted EBITDA came in at $292 million, up by 56% from the previous year, with the organic growth excluding recent mergers and acquisitions at 18%. Payment volumes aligned with expectations at approximately $55 billion. A significant contributor to this growth was the company’s recent acquisition of Global Blue, which accounted for $156 million in gross revenue less network fees during the quarter. However, while Global Blue added substantial revenue, it also faced sales challenges in the Asia-Pacific region due to a devalued Japanese yen, indicating potential vulnerability to currency fluctuations. Even so, Europe’s growth at Global Blue partially offset these challenges.