Lightspeed Hikes 2026 Forecast as Payment Volumes Jump 19%

Transaction Growth Drives Revenue Beat

Lightspeed reported total revenue of $312.3 million for the quarter ended Dec. 31, surpassing both its own guidance and analyst estimates. While the company’s net loss widened to $33.6 million, or 24 cents per share, its adjusted earnings of 15 cents per share beat the 14-cent consensus. The growth was primarily fueled by transaction-based revenue, which climbed 15% to $209.4 million as more merchants migrated to the company’s embedded payment solutions.

The company’s gross payments volume—the total dollar value of transactions processed through its platform—jumped 19% to $10.5 billion. Meanwhile, subscription revenue saw a more modest 6% increase, reaching $93 million. Lightspeed’s core software business remains robust in key regions, with North American retail and European restaurant segments reporting a combined 21% increase in total revenue.

Expanding Footprint and Fiscal 2026 Targets

The firm continues to scale its physical presence, ending the quarter with approximately 148,000 customer locations globally. In its high-value North American and European markets, the company added 2,600 locations since the previous quarter, a 9% year-over-year increase. According to the report, the total volume of transactions handled through its systems rose 8% to $25.3 billion.

Looking ahead, Lightspeed updated its fiscal 2026 guidance to reflect its recent momentum:

• Annual revenue is now projected between $1.216 billion and $1.22 billion.
• Adjusted EBITDA is expected to reach approximately $72 million.
• The company anticipates generating positive free cash flow during the fiscal year.

For the upcoming fourth quarter, management expects revenue to land between $280 million and $284 million, with gross profit of $125 million to $127 million. Adjusted EBITDA is forecasted at roughly $15 million.