Shift4 Payments, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 06:36 am EDT
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Shift4 Payments, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 707.4 million compared to USD 547 million a year ago. Net income was USD 20.6 million compared to USD 14.8 million a year ago.
Shift4 Payments, Inc. is engaged in commerce-enabling technology. The Company is an independent provider of software and payment processing solutions in the United States based on the total volume of payments processed. Its payments platform provides omnichannel card acceptance and processing solutions across multiple payment types, including credit, debit, contactless card, Europay, MasterCard and Visa (EMV), QR Pay, and mobile wallets, as well as alternative payment methods, such as Apple Pay, Google Pay, Alipay and WeChat Pay. Through its proprietary gateway, its payments platform is integrated with over 500 software suites. In addition, it enables connectivity with payment processors, alternative payment rails and many different payment devices. Its suite of technology solutions includes SkyTab POS, VenueNext, Lighthouse, SkyTab Mobile, The Giving Block, Shift4Shop, and Marketplace. Its SkyTab POS offering helps its merchants scale their business and improve operational efficiency.