Shift4 Payments announces second-quarter 2021 results, first-time positive GAAP net income

Shift4 Payments (NYSE: FOUR), a leader in integrated payment processing solutions, posted its second quarter 2021 financial results as part of its shareholder letter under the "financials" section of its investor relations website at investors.shift4.com/overview/default.aspx.

In a letter to shareholders, Shift4 chief executive Jared Isaacman summarized key points of the payment processors second quarter:

• End-to-end payment volume was $11.8 billion, which is a roughly 50% increase from just a quarter ago and roughly 180% year-over-year.
• Second-quarter gross revenues and gross revenues less network fees were $351 million and $136 million, respectively.
• It was our first quarter of positive GAAP net income, which was $4.5 million.
• EBITDA and adjusted EBITDA were $31 million and $45 million, respectively.

"The growth experienced during the quarter was a combination of continued new merchant wins and volume growth within our existing customers," Isaacman said. "We also saw a much more typical seasonal pattern for our business as consumer spending in our core verticals increased and travel became more prevalent, which is a welcome change from a year ago."

Click here to see Shift4's entire letter.