Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Shift4 Payments reported solid third-quarter 2025 financial results, showcasing notable growth in several key performance indicators, though there are areas that require caution.</li><li>The company posted gross revenue less network fees of $589 million, marking a 61% increase year-over-year.</li><li>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%.</li></ul>

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%.

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

<ul><li>Shift4 Payments recently reported its financial results for the second quarter of 2025, reflecting both positive developments and some potential challenges.</li><li>The company's strategic initiatives, international expansion, and recent acquisitions underscore its growth trajectory while simultaneously posing integration and execution risks.</li><li>In terms of financial performance, Shift4 Payments achieved 25% year-over-year growth in payment volumes, surpassing $50 billion for the first time.</li></ul>

Shift4 Payments recently reported its financial results for the second quarter of 2025, reflecting both positive developments and some potential challenges.The company's strategic initiatives, international expansion, and recent acquisitions underscore its growth trajectory while simultaneously posing integration and execution risks.In terms of financial performance, Shift4 Payments achieved 25% year-over-year growth in payment volumes, surpassing $50 billion for the first time.

Shift4 Payments' Latest M&A Play: How Bambora Could Fuel Its Global Blitz!

Shift4 Payments: Can They Power Future Growth With Stablecoin & Agentic Commerce Innovation?

<ul><li>Shift4 reported its financial results for the first quarter of 2025, demonstrating a consistent growth trajectory amidst a landscape characterized by economic uncertainties.</li><li>The company exhibited a solid financial performance, with both its gross revenue less network fees and adjusted EBITDA increasing by 40% and 38% year-over-year, respectively.</li><li>The revenue less network fees reached $369 million, and the adjusted EBITDA was $169 million with margins slightly above the guidance of 45%, indicating operational efficiencies and effective cost management strategies.</li></ul>

Shift4 reported its financial results for the first quarter of 2025, demonstrating a consistent growth trajectory amidst a landscape characterized by economic uncertainties.The company exhibited a solid financial performance, with both its gross revenue less network fees and adjusted EBITDA increasing by 40% and 38% year-over-year, respectively.The revenue less network fees reached $369 million, and the adjusted EBITDA was $169 million with margins slightly above the guidance of 45%, indicating operational efficiencies and effective cost management strategies.

Shift4 Payments: Growth Through Mergers & Acquisitions To Capitalize On Cross-Selling Opportunities!

<ul><li>Shift4 Payments Inc. reported robust financial results for the fourth quarter of 2024, setting records across several key performance indicators.</li><li>The company announced a 49% year-over-year increase in end-to-end payment volumes to $47.9 billion and a 50% rise in gross revenue less network fees, amounting to $405 million.</li><li>Adjusted EBITDA increased by 51% to $205.9 million, while adjusted free cash flow saw a significant rise of 78% to $134 million.</li></ul>

Shift4 Payments Inc. reported robust financial results for the fourth quarter of 2024, setting records across several key performance indicators.The company announced a 49% year-over-year increase in end-to-end payment volumes to $47.9 billion and a 50% rise in gross revenue less network fees, amounting to $405 million.Adjusted EBITDA increased by 51% to $205.9 million, while adjusted free cash flow saw a significant rise of 78% to $134 million.

Shift4 Payments: Why Its Unified Commerce Platform Expansion Is Driving Our Bullishness!

United States

Shift4 Payments, Inc. provides payment processing solutions. The Company offers software for transaction and money transfer activities. Shift4 Payments serves customers in the United States.

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Shift4 Payments (FOUR US)

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...

Baptista Research

Shift4 Payments' Latest M&A Play: How Bambora Could Fuel Its Global Blitz!

Shift4 Payments recently reported its financial results for the second quarter of 2025, reflecting both positive developments and some potential...

Baptista Research

Shift4 Payments: Can They Power Future Growth With Stablecoin & Agentic Commerce Innovation?

Shift4 Payments recently reported its financial results for the second quarter of 2025, reflecting both positive developments and some potential...

Baptista Research

Shift4 Payments: Growth Through Mergers & Acquisitions To Capitalize On Cross-Selling Opportunities!

Shift4 reported its financial results for the first quarter of 2025, demonstrating a consistent growth trajectory amidst a landscape characterized...

Baptista Research

Shift4 Payments: Why Its Unified Commerce Platform Expansion Is Driving Our Bullishness!

Shift4 Payments Inc. reported robust financial results for the fourth quarter of 2024, setting records across several key performance...

Baptista Research

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