Shift4 Payments, Inc. (FOUR) Financials

FOUR

Trailing 12 months to June 30, 2026

Revenue $4.8B +32.4% YoY

Net Income $133.0M -53.4% YoY

Free Cash Flow $573.0M +13.3% YoY

Operating Cash Flow $593.0M +16.0% YoY

Market Cap $3.2B as of Oct 9, 2026

Price / Sales 0.7x on $4.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 23.7x on $133.0M net income, trailing 12 months to June 30, 2026

Price / Book 2.0x on $1.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FOUR SEC filings page.

Shift4 Payments, Inc. (FOUR) reported $4.8B in revenue over the twelve months to Jun 30, 2026, up 32.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FOUR FY2025 2026-10-03

Converting scale into wider margins and cash, the business also carried heavier leverage and a weaker net-income signal in FY2025.

FY2025 operating cash flow reached $634M while net income fell to $147M, so cash economics strengthened even as bottom-line earnings became less informative. That divergence coincided with a $296M tax benefit in FY2024 versus a $48M tax expense in FY2025, making reported net income especially difficult to compare across those years.

Gross margin widened to 34.2% in FY2025 from 29.2% a year earlier, while operating margin also expanded. This combination indicates better transaction economics and some fixed-cost absorption, because more gross profit reached operating income despite the larger cost base.

Total assets rose from $5.0B to $8.7B as goodwill reached $2.7B, indicating that balance-sheet expansion was not mainly working-capital growth. Debt-to-equity reached 3.1x while the current ratio was 1.7x, showing increased long-term leverage without a parallel short-term liquidity squeeze.

Financial Health Signals

Financial Health Score 54/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Shift4 Payments, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Shift4 Payments, Inc. has an operating margin of 8.4%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is up from 7.4% the prior year.

Growth

Shift4 Payments, Inc.'s revenue surged 25.5% year-over-year to $4.2B, reflecting rapid business expansion. This strong growth earns a score of 88/100.

Leverage

Shift4 Payments, Inc. has elevated debt relative to equity (D/E of 3.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.

Liquidity

Shift4 Payments, Inc.'s current ratio of 1.66 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Shift4 Payments, Inc. converts 14.9% of revenue into free cash flow ($624.0M). This strong cash generation earns a score of 77/100.

Returns

Shift4 Payments, Inc.'s ROE of 10.2% shows moderate profitability relative to equity, earning a score of 46/100. This is down from 36.5% the prior year.

Altman Z-Score Distress

0.94

Shift4 Payments, Inc. scores 0.94, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Shift4 Payments, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

4.31x

For every $1 of reported earnings, Shift4 Payments, Inc. generates $4.31 in operating cash flow ($634.0M OCF vs $147.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

23.40x

Shift4 Payments, Inc. earns $23.40 in operating income for every $1 of interest expense ($351.0M vs $15.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.3B

YoY+34.1%

QoQ+15.5%

5Y CAGR+29.8%

Shift4 Payments, Inc. generated $1.3B in revenue in Q2 2026. This represents an increase of 34.1% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

EBITDA

$234.0M

YoY+36.8%

QoQ+26.5%

5Y CAGR+62.9%

Shift4 Payments, Inc.'s EBITDA was $234.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.8% from the same quarter a year earlier. Against the prior quarter it is up 26.5%.

Net Income

$22.0M

YoY-35.3%

QoQ+46.7%

5Y CAGR+47.0%

Shift4 Payments, Inc. reported $22.0M in net income in Q2 2026. This represents a decrease of 35.3% from the same quarter a year earlier. Against the prior quarter it is up 46.7%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$57.0M

YoY-59.6%

QoQ-55.5%

Shift4 Payments, Inc. generated $57.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 59.6% from the same quarter a year earlier. Against the prior quarter it is down 55.5%.

Cash & Debt

$356.0M

YoY-88.2%

QoQ-24.7%

5Y CAGR-12.6%

Shift4 Payments, Inc. held $356.0M in cash against $4.5B in long-term debt as of Q2 2026.

Shares Outstanding

79M

QoQ-0.5%

Shift4 Payments, Inc. had 79M shares outstanding in Q2 2026. Against the prior quarter it is down 0.5%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

34.4%

YoY+4.2pp

QoQ-0.5pp

5Y change+12.2pp

Shift4 Payments, Inc.'s gross margin was 34.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Operating Margin

7.3%

YoY-1.2pp

QoQ+2.9pp

5Y change+5.9pp

Shift4 Payments, Inc.'s operating margin was 7.3% in Q2 2026, reflecting core business profitability. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Net Margin

1.7%

YoY-1.8pp

QoQ+0.4pp

5Y change+0.8pp

Shift4 Payments, Inc.'s net profit margin was 1.7% in Q2 2026, showing the share of revenue converted to profit. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Return on Equity

1.4%

YoY-0.8pp

QoQ+0.4pp

5Y change+0.3pp

Shift4 Payments, Inc.'s ROE was 1.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Share Buybacks

$26.0M

YoY-69.4%

QoQ-91.2%

Shift4 Payments, Inc. spent $26.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 69.4% from the same quarter a year earlier. Against the prior quarter it is down 91.2%.

Capital Expenditures

$6.0M

YoY+500.0%

QoQ0.0%

5Y CAGR+6.9%

Shift4 Payments, Inc. invested $6.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 500.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

R&D Spending

Not reported for Q2 2026.

FOUR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOUR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$4.8B	$4.2B+25.5%	$3.3B+29.9%	$2.6B+28.7%	$2.0B+45.8%	$1.4B+78.3%	$766.9M+4.9%	$731.4M+30.5%	$560.6M
Cost of Revenue	$3.1B	$2.8B+16.7%	$2.4B+25.6%	$1.9B+23.2%	$1.5B+39.9%	$1.1B+84.9%	$589.1M+5.6%	$558.0M+32.9%	$419.9M
Gross Profit	$1.7B	$1.4B+46.8%	$973.0M+41.4%	$688.0M+46.3%	$470.2M+68.9%	$278.4M+56.6%	$177.8M+2.5%	$173.4M+23.2%	$140.7M
R&D Expenses	N/A	$6.0M+50.0%	$4.0M+300.0%	$1.0M+100.0%	$500K-72.2%	$1.8M+50.0%	$1.2M-25.0%	$1.6M0.0%	$1.6M
SG&A Expenses	$845.0M	$682.0M+48.6%	$459.0M+39.5%	$329.0M+23.0%	$267.4M+21.8%	$219.5M+17.7%	$186.5M+59.3%	$117.1M+46.7%	$79.8M
Operating Income	$388.0M	$351.0M+42.1%	$247.0M+114.8%	$115.0M+21.4%	$94.7M+292.5%	-$49.2M+14.6%	-$57.6M-1209.1%	-$4.4M+66.4%	-$13.1M
EBITDA	N/A	$783.0M+43.9%	$544.0M+64.8%	$330.0M+35.4%	$243.8M+341.7%	$55.2M+107.5%	$26.6M-54.3%	$58.2M+0.9%	$57.7M
Interest Expense	$11.0M	$15.0M+66.7%	$9.0M-72.0%	$32.1M-1.2%	$32.5M+16.1%	$28.0M-30.3%	$40.2M-21.9%	$51.5M+9.6%	$47.0M
Income Tax	$31.0M	$48.0M+116.2%	-$296.0M-9766.7%	-$3.0M-1600.0%	$200K+106.5%	-$3.1M-29.2%	-$2.4M-241.2%	$1.7M+141.5%	-$4.1M
Net Income	$133.0M	$147.0M-50.1%	$294.5M+139.6%	$122.9M+41.8%	$86.7M+279.9%	-$48.2M-162.0%	-$18.4M+67.5%	-$56.6M-2.2%	-$55.4M
Diluted Shares (Avg)	N/A	1M-20.1%	2M-14.1%	2M-49.7%	4M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.3B+34.1%	$1.1B+32.2%	$1.2B+34.0%	$1.2B+29.4%	$966.0M+16.8%	$848.0M+19.9%	$887.4M+25.8%	$909.2M+34.6%
Cost of Revenue	$849.0M+26.0%	$729.0M+23.4%	$739.1M+22.9%	$747.9M+16.5%	$674.0M+13.2%	$591.0M+13.7%	$601.3M+17.9%	$641.9M+29.7%
Gross Profit	$446.0M+52.7%	$392.0M+52.5%	$450.0M+57.3%	$429.0M+60.5%	$292.0M+26.0%	$257.0M+36.8%	$286.1M+46.4%	$267.3M+48.3%
SG&A Expenses	$231.0M+76.3%	$216.0M+41.2%	$209.6M+69.6%	$188.4M+59.4%	$131.0M+19.0%	$153.0M+42.9%	$123.6M+45.6%	$118.2M+54.9%
Operating Income	$95.0M+14.5%	$50.0M+100.0%	$128.4M+49.3%	$114.6M+42.5%	$83.0M+40.2%	$25.0M+16.8%	$86.0M+211.6%	$80.4M+79.9%
EBITDA	$234.0M+36.8%	$185.0M+68.2%	$262.3M+54.4%	$239.7M+52.0%	$171.0M+32.7%	$110.0M+25.7%	$169.9M+89.0%	$157.7M+58.0%
Interest Expense	$2.0M-66.7%	$3.0M0.0%	$3.1M+186.1%	$2.9M+16.0%	$6.0M+200.0%	$3.0M-63.0%	-$3.6M-145.0%	$2.5M-68.8%
Income Tax	$13.0M-13.3%	-$24.0M-166.7%	$14.9M+198.7%	$27.1M+109.7%	$15.0M+933.3%	-$9.0M-742.9%	-$15.1M-603.3%	-$280.5M-31266.7%
Net Income	$22.0M-35.3%	$15.0M-11.8%	$67.9M-62.5%	$28.1M-47.8%	$34.0M-13.3%	$17.0M-17.5%	$180.9M+258.9%	$53.8M+65.0%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

FOUR Balance Sheet

FOUR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$8.7B+72.8%	$5.0B+48.8%	$3.4B+32.6%	$2.6B+9.0%	$2.3B+31.7%	$1.8B+127.0%	$784.0M	N/A
Current Assets	$2.2B+14.2%	$1.9B+65.6%	$1.2B+16.3%	$991.7M-31.8%	$1.5B+40.6%	$1.0B+871.3%	$106.4M	N/A
Cash & Equivalents	$964.0M-20.5%	$1.2B+166.4%	$455.0M-35.2%	$702.5M-43.0%	$1.2B+32.7%	$927.8M+24975.7%	$3.7M	N/A
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	N/A
Inventory	N/A	$8.9M+161.8%	$3.4M-29.2%	$4.8M+37.1%	$3.5M+133.3%	$1.5M-82.4%	$8.5M	N/A
Accounts Receivable	$742.0M+112.6%	$349.0M+35.9%	$256.8M+31.7%	$195.0M-5.3%	$205.9M+122.1%	$92.7M+17.9%	$78.6M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	N/A
Goodwill	$2.7B+85.7%	$1.5B+31.0%	$1.1B+51.2%	$735.0M+36.7%	$537.7M+12.7%	$477.0M+13.2%	$421.3M+7.5%	$391.8M
Total Liabilities	$6.8B+67.9%	$4.0B+59.7%	$2.5B+21.5%	$2.1B+6.7%	$1.9B+75.1%	$1.1B+43.3%	$773.9M	N/A
Current Liabilities	$1.3B-4.7%	$1.4B+95.8%	$704.4M+162.5%	$268.3M+46.0%	$183.8M+84.9%	$99.4M-23.5%	$129.9M	N/A
Non-Current Liabilities	$5.4B+105.8%	$2.6B+45.7%	$1.8B+0.5%	$1.8B+2.6%	$1.8B+74.2%	$1.0B+56.8%	$644.0M	N/A
Long-Term Debt	$4.5B+110.6%	$2.2B+23.1%	$1.8B+0.5%	$1.7B+0.2%	$1.7B+72.9%	$1.0B+58.3%	$635.1M	N/A
Total Equity	$1.4B+78.7%	$807.0M+23.5%	$653.3M+88.1%	$347.3M+27.3%	$272.8M-40.6%	$459.6M+1497.0%	-$32.9M-191.6%	$35.9M
Retained Earnings	-$467.0M-104.8%	-$228.0M+34.2%	-$346.7M+4.6%	-$363.6M-11.8%	-$325.3M-16.7%	-$278.7M-52.8%	-$182.4M-53.5%	-$118.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$8.7B+24.4%	$8.8B+75.0%	$8.7B+72.8%	$9.0B+78.1%	$7.0B+100.1%	$5.0B+46.8%	$5.0B+48.8%	$5.0B+90.5%
Current Assets	$2.1B-45.2%	$2.1B+11.8%	$2.2B+14.2%	$2.7B+28.9%	$3.8B+307.4%	$1.8B+54.9%	$1.9B+65.6%	$2.1B+101.7%
Cash & Equivalents	$356.0M-88.2%	$473.0M-59.5%	$964.0M-20.5%	$1.5B+6.0%	$3.0B+1377.7%	$1.2B+123.2%	$1.2B+166.4%	$1.4B+106.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	$6.4M-9.9%	$7.1M-12.3%	$6.9M+155.6%	$8.9M+161.8%	$7.1M+184.0%
Accounts Receivable	$809.0M+117.1%	$694.0M+109.9%	$742.0M+112.6%	$771.5M+142.8%	$372.7M+20.0%	$330.6M+31.1%	$349.0M+35.9%	$317.8M+36.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.7B+78.8%	$2.7B+83.9%	$2.7B+85.7%	$2.5B+86.2%	$1.5B+16.8%	$1.5B+32.9%	$1.5B+31.0%	$1.3B+75.3%
Total Liabilities	$7.0B+39.9%	$7.0B+75.0%	$6.8B+67.9%	$6.8B+68.9%	$5.0B+96.1%	$4.0B+58.7%	$4.0B+59.7%	$4.0B+89.7%
Current Liabilities	$1.7B+14.6%	$1.7B+24.3%	$1.3B-4.7%	$2.0B+178.4%	$1.5B+117.5%	$1.4B+93.7%	$1.4B+95.8%	$703.4M+124.7%
Non-Current Liabilities	$5.2B+50.8%	$5.3B+101.1%	$5.4B+105.8%	$4.8B+45.5%	$3.5B+88.2%	$2.6B+45.2%	$2.6B+45.7%	$3.3B+83.6%
Long-Term Debt	$4.5B+47.9%	$4.5B+109.3%	$4.5B+110.6%	$4.0B+41.6%	$3.0B+73.5%	$2.2B+23.0%	$2.2B+23.1%	$2.8B+62.3%
Total Equity	$1.6B+1.6%	$1.7B+105.3%	$1.4B+78.7%	$1.7B+105.7%	$1.6B+127.2%	$805.2M+19.4%	$807.0M+23.5%	$811.8M+102.8%
Retained Earnings	-$648.0M-118.6%	-$644.0M-148.1%	-$467.0M-104.8%	-$283.4M-10.1%	-$296.4M+0.5%	-$259.6M+20.4%	-$228.0M+34.2%	-$257.5M+27.5%

FOUR Cash Flow Statement

FOUR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$593.0M	$634.0M+26.8%	$500.0M+44.5%	$346.0M+25.6%	$275.4M+9080.0%	$3.0M-25.0%	$4.0M-50.0%	$8.0M-68.6%	$25.5M
Depreciation & Amortization	N/A	$432.0M+45.5%	$297.0M+38.1%	$215.0M+44.2%	$149.1M+42.8%	$104.4M+24.0%	$84.2M+34.5%	$62.6M-11.6%	$70.8M
Stock-Based Compensation	N/A	$82.0M+26.2%	$65.0M+14.0%	$57.0M+14.9%	$49.6M+21.6%	$40.8M-38.4%	$66.2M	$0	N/A
Capital Expenditures	$20.0M	$10.0M+42.9%	$7.0M-50.0%	$14.0M+75.0%	$8.0M-2.4%	$8.2M+70.8%	$4.8M-41.5%	$8.2M+412.5%	$1.6M
Free Cash Flow	$573.0M	$624.0M+26.6%	$493.0M+48.5%	$332.0M+24.2%	$267.4M+5242.3%	-$5.2M-550.0%	-$800K-300.0%	-$200K-100.8%	$23.9M
Investing Cash Flow	-$3.0B	-$3.0B-333.9%	-$691.0M-128.8%	-$302.0M+41.6%	-$516.8M-203.1%	-$170.5M-106.2%	-$82.7M-3.2%	-$80.1M-93.5%	-$41.4M
Financing Cash Flow	-$89.0M	$2.1B+121.2%	$929.0M+944.5%	-$110.0M+48.7%	-$214.6M-145.5%	$471.2M-53.0%	$1.0B+1312.4%	$71.0M+528.3%	$11.3M
Share Buybacks	$626.0M	$453.0M+210.3%	$146.0M+39.0%	$105.0M-43.5%	$185.9M+853.3%	$19.5M	$0	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$63.0M-55.6%	$134.0M+39.6%	$223.7M+71.2%	$172.3M+20.9%	$142.0M+27.0%	$96.0M-16.5%	$130.7M+107.5%	$142.5M+27.6%
Depreciation & Amortization	$139.0M+58.0%	$135.0M+58.8%	$133.3M+58.9%	$125.1M+61.8%	$88.0M+26.3%	$85.0M+28.6%	$83.9M+34.7%	$77.3M+40.3%
Stock-Based Compensation	$31.0M+106.7%	$16.0M-38.5%	N/A	$15.6M+9.1%	$15.0M+4.9%	$26.0M+14.0%	N/A	$14.3M+15.3%
Capital Expenditures	$6.0M+500.0%	$6.0M+500.0%	$1.2M-20.0%	$6.8M+240.0%	$1.0M-54.5%	$1.0M-23.1%	$1.5M-44.4%	$2.0M-61.5%
Free Cash Flow	$57.0M-59.6%	$128.0M+34.7%	$222.5M+72.2%	$165.5M+17.8%	$141.0M+28.6%	$95.0M-16.4%	$129.2M+114.3%	$140.5M+31.9%
Investing Cash Flow	-$105.0M-123.4%	$16.0M+118.8%	-$217.3M+15.1%	-$2.6B-4832.4%	-$47.0M+86.2%	-$85.0M-114.1%	-$255.8M-69.5%	-$53.7M-24.6%
Financing Cash Flow	-$117.0M-106.9%	-$401.0M-395.1%	-$536.2M-7347.2%	$965.2M-11.5%	$1.7B+2659.2%	-$81.0M+8.1%	-$7.2M-150.3%	$1.1B+12089.0%
Share Buybacks	$26.0M-69.4%	$295.0M+368.3%	$304.8M+176.8%	$200K-99.0%	$85.0M+434.6%	$63.0M	$110.1M+1242.7%	$20.0M

Not reported in any period shown, so not listed: Dividends Paid.

FOUR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOUR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	34.2%+4.9pp	29.2%+2.4pp	26.8%+3.2pp	23.6%+3.2pp	20.4%-2.8pp	23.2%-0.5pp	23.7%-1.4pp	25.1%
Operating Margin	8.4%+1.0pp	7.4%+2.9pp	4.5%-0.3pp	4.8%+8.3pp	-3.6%+3.9pp	-7.5%-6.9pp	-0.6%+1.7pp	-2.3%
Net Margin	3.5%-5.3pp	8.8%+4.1pp	4.8%+0.4pp	4.3%+7.9pp	-3.5%-1.1pp	-2.4%+5.3pp	-7.7%+2.1pp	-9.9%
Return on Equity	10.2%-26.3pp	36.5%+17.7pp	18.8%-6.2pp	25.0%+42.6pp	-17.7%-13.7pp	-4.0%	N/A	-154.3%
Return on Assets	1.7%-4.2pp	5.8%+2.2pp	3.6%+0.2pp	3.4%+5.5pp	-2.1%-1.0pp	-1.0%+6.2pp	-7.2%	N/A
Current Ratio	1.66+0.3x	1.39-0.3x	1.64-2.1x	3.70-4.2x	7.91-2.5x	10.40+9.6x	0.82	N/A
Debt-to-Equity	3.15+0.5x	2.670.0x	2.68-2.3x	5.02-1.4x	6.37+4.2x	2.19	N/A	N/A
Asset Turnover	0.48-0.2x	0.66-0.1x	0.760.0x	0.78+0.2x	0.58+0.2x	0.43-0.5x	0.93	N/A
FCF Margin	14.9%+0.1pp	14.8%+1.9pp	12.9%-0.5pp	13.4%+13.8pp	-0.4%-0.3pp	-0.1%-0.1pp	0.0%-4.3pp	4.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	34.4%+4.2pp	35.0%+4.7pp	37.8%+5.6pp	36.4%+7.1pp	30.2%+2.2pp	30.3%+3.8pp	32.2%+4.6pp	29.4%+2.7pp
Operating Margin	7.3%-1.2pp	4.5%+1.5pp	10.8%+1.1pp	9.7%+0.9pp	8.6%+1.4pp	2.9%-0.1pp	9.7%+5.8pp	8.8%+2.2pp
Net Margin	1.7%-1.8pp	1.3%-0.7pp	5.7%-14.7pp	2.4%-3.5pp	3.5%-1.2pp	2.0%-0.9pp	20.4%+13.3pp	5.9%+1.1pp
Return on Equity	1.4%-0.8pp	0.9%-1.2pp	4.7%-17.7pp	1.7%-5.0pp	2.1%-3.5pp	2.1%-0.9pp	22.4%+14.7pp	6.6%-1.5pp
Return on Assets	0.3%-0.2pp	0.2%-0.2pp	0.8%-2.8pp	0.3%-0.8pp	0.5%-0.6pp	0.3%-0.3pp	3.6%+2.1pp	1.1%-0.2pp
Current Ratio	1.21-1.3x	1.22-0.1x	1.66+0.3x	1.38-1.6x	2.53+1.2x	1.36-0.3x	1.39-0.3x	2.98-0.3x
Debt-to-Equity	2.78+0.9x	2.73+0.1x	3.15+0.5x	2.41-1.1x	1.91-0.6x	2.68+0.1x	2.670.0x	3.50-0.9x
Asset Turnover	0.150.0x	0.130.0x	0.140.0x	0.130.0x	0.14-0.1x	0.170.0x	0.180.0x	0.18-0.1x
FCF Margin	4.4%-10.2pp	11.4%+0.2pp	18.7%+4.1pp	14.1%-1.4pp	14.6%+1.3pp	11.2%-4.9pp	14.6%+6.0pp	15.4%-0.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Shift4 Payments, Inc. FOUR	FY2025	$4.2B	$147.0M	3.5%	$3.2B	54/100
Informatica Inc. INFA	FY2024	$1.6B	$9.9M	0.6%	$7.6B	48/100
Klaviyo, Inc. KVYO	FY2025	$1.2B	-$31.8M	-2.6%	$4.9B	63/100
Dropbox, Inc. DBX	FY2025	$2.5B	$508.4M	20.2%	$7.5B	50/100
GitLab Inc. GTLB	FY2026	$955.2M	-$58.6M	-6.1%	$9.2B	56/100
Confluent, Inc. CFLT	FY2025	$1.2B	-$295.3M	-25.3%	$11.1B	51/100

Where Shift4 Payments, Inc. Ranks

Frequently Asked Questions

What is Shift4 Payments, Inc.'s annual revenue?

Shift4 Payments, Inc. (FOUR) reported $4.2B in total revenue for fiscal year 2025. This represents a 25.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Shift4 Payments, Inc.'s revenue growing?

Shift4 Payments, Inc. (FOUR) revenue grew by 25.5% year-over-year, from $3.3B to $4.2B in fiscal year 2025.

Is Shift4 Payments, Inc. profitable?

Yes, Shift4 Payments, Inc. (FOUR) reported a net income of $147.0M in fiscal year 2025, with a net profit margin of 3.5%.

What is Shift4 Payments, Inc.'s EBITDA?

Shift4 Payments, Inc. (FOUR) had EBITDA of $783.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Shift4 Payments, Inc. have?

As of fiscal year 2025, Shift4 Payments, Inc. (FOUR) had $964.0M in cash and equivalents against $4.5B in long-term debt.

What is Shift4 Payments, Inc.'s gross margin?

Shift4 Payments, Inc. (FOUR) had a gross margin of 34.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Shift4 Payments, Inc.'s operating margin?

Shift4 Payments, Inc. (FOUR) had an operating margin of 8.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Shift4 Payments, Inc.'s net profit margin?

Shift4 Payments, Inc. (FOUR) had a net profit margin of 3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Shift4 Payments, Inc.'s return on equity (ROE)?

Shift4 Payments, Inc. (FOUR) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Shift4 Payments, Inc.'s free cash flow?

Shift4 Payments, Inc. (FOUR) generated $624.0M in free cash flow during fiscal year 2025. This represents a 26.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Shift4 Payments, Inc.'s operating cash flow?

Shift4 Payments, Inc. (FOUR) generated $634.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Shift4 Payments, Inc.'s total assets?

Shift4 Payments, Inc. (FOUR) had $8.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Shift4 Payments, Inc.'s capital expenditures?

Shift4 Payments, Inc. (FOUR) invested $10.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Shift4 Payments, Inc. spend on research and development?

Shift4 Payments, Inc. (FOUR) invested $6.0M in research and development during fiscal year 2025.

Does Shift4 Payments, Inc. buy back shares?

Yes, Shift4 Payments, Inc. (FOUR) spent $453.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Shift4 Payments, Inc. have outstanding?

Shift4 Payments, Inc. (FOUR) had 81M shares outstanding as of fiscal year 2025.

What is Shift4 Payments, Inc.'s current ratio?

Shift4 Payments, Inc. (FOUR) had a current ratio of 1.66 as of fiscal year 2025, which is generally considered healthy.

What is Shift4 Payments, Inc.'s debt-to-equity ratio?

Shift4 Payments, Inc. (FOUR) had a debt-to-equity ratio of 3.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Shift4 Payments, Inc.'s return on assets (ROA)?

Shift4 Payments, Inc. (FOUR) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Shift4 Payments, Inc.'s P/E ratio?

Shift4 Payments, Inc. (FOUR) trades at 23.7x earnings, its market capitalization divided by net income of $133.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.2B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Shift4 Payments, Inc.'s price-to-sales ratio?

Shift4 Payments, Inc. (FOUR) trades at 0.7x sales, its market capitalization divided by revenue of $4.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.2B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Shift4 Payments, Inc.'s Altman Z-Score?

Shift4 Payments, Inc. (FOUR) has an Altman Z-Score of 0.94, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Shift4 Payments, Inc.'s Piotroski F-Score?

Shift4 Payments, Inc. (FOUR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Shift4 Payments, Inc.'s earnings high quality?

Shift4 Payments, Inc. (FOUR) has an earnings quality ratio of 4.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Shift4 Payments, Inc. cover its interest payments?

Shift4 Payments, Inc. (FOUR) has an interest coverage ratio of 23.40x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Shift4 Payments, Inc.?

Shift4 Payments, Inc. (FOUR) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.