Shift4 Payments (NYSE:FOUR) stock fell after reporting second-quarter 2025 results. Quarterly gross revenue grew 17% Y/Y to $966.20 million, missing the analyst consensus estimate. Adjusted EPS of $1.10 also missed estimates. Payments-based revenue improved to $868.5 million, subscription revenue rose to $97.7 million.

Gross revenue minus network fees improved to $413.4 million, up 29% Y/Y. End-to-end payment volume reached $50.1 billion, up 25% Y/Y. Adjusted EBITDA rose 26% Y/Y to $205.1 million, with a margin decline to 50%.

CEO Taylor Lauber praised strong Q2 results, citing record payment volume and revenue. The Global Blue acquisition added a new vertical, luxury retail, and expanded Shift4’s reach globally. Lauber announced CFO Nancy Disman’s retirement and Chris Cruz as the new CFO.

Shift4 expects fiscal 2025 gross revenue minus network fees of $1.965 billion-$2.035 billion, end-to-end payment volume of $200 billion-$220 billion, and adjusted EBITDA of $965 million-$990 million. Third-quarter outlook includes gross revenue minus network fees of ~$590 million and adjusted EBITDA of ~$290 million.

Read more at Yahoo Finance: Why Is Shift4 Payments Stock Falling Tuesday?