NYSE : FOUR
Shift4 Payments, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 40.03 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Shift4 Payments, Inc. (FOUR) reported revenue of 4.78B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.78B | 4.18B | 3.33B | 2.56B | 1.99B | 1.37B |
| Cost of Revenue | 3.06B | 2.75B | 2.36B | 1.88B | 1.52B | 1.09B |
| Gross Profit | 1.72B | 1.43B | 973.00M | 688.00M | 470.20M | 278.40M |
| Selling, General & Admin | 939.00M | 754.00M | 502.00M | 377.00M | 315.60M | 265.20M |
| Operating Expenses | 1.30B | 1.04B | 702.00M | 531.00M | 412.10M | 327.40M |
| Operating Income | 413.00M | 384.00M | 271.00M | 157.00M | 58.10M | -49.00M |
| Interest Expense | -252.00M | -190.00M | -62.00M | -32.00M | -32.50M | -28.00M |
| Interest & Investment Income | 35.00M | 59.00M | 34.00M | 32.00M | 10.80M | |
| Currency Exchange Gain (Loss) | -6.00M | -10.00M | 1.00M | -4.00M | ||
| Other Non Operating Income (Expenses) | -5.00M | -3.00M | -288.00M | -3.00M | -1.20M | 100.00K |
| EBT Excluding Unusual Items | 185.00M | 240.00M | -44.00M | 150.00M | 35.20M | -76.90M |
| Merger & Restructuring Charges | -35.00M | -47.00M | -20.00M | |||
| Gain (Loss) on Sale of Investments | 2.00M | 67.00M | 12.00M | 15.10M | ||
| Gain (Loss) on Sale of Assets | 19.00M | 19.00M | ||||
| Asset Writedown | -9.00M | -9.00M | -19.00M | |||
| Other Unusual Items | -9.00M | -8.00M | -4.00M | -23.00M | 36.60M | -200.00K |
| Pretax Income | 153.00M | 195.00M | -1.00M | 120.00M | 86.90M | -77.10M |
| Income Tax Expense | 31.00M | 48.00M | -296.00M | -3.00M | 200.00K | -3.10M |
| Earnings From Continuing Operations | 122.00M | 147.00M | 295.00M | 123.00M | 86.70M | -74.00M |
| Minority Interest in Earnings | -17.00M | -28.00M | -65.00M | -37.00M | -11.60M | 25.80M |
| Net Income | 105.00M | 119.00M | 230.00M | 86.00M | 75.10M | -48.20M |
| Preferred Dividends & Other Adjustments | 60.00M | 39.00M | -2.00M | 700.00K | ||
| Net Income to Common | 45.00M | 80.00M | 232.00M | 86.00M | 75.10M | -48.90M |
| Shares Outstanding (Basic) | 72.06M | 68.06M | 67.68M | 59.68M | 56.17M | 54.92M |
| Shares Outstanding (Diluted) | 82.04M | 88.95M | 91.52M | 60.99M | 82.77M | 54.92M |
| EPS (Basic) | 0.62 | 1.18 | 3.43 | 1.44 | 1.34 | -0.89 |
| EPS (Diluted) | 0.62 | 1.08 | 3.04 | 1.43 | 1.05 | -0.89 |
| Free Cash Flow | 433.00M | 499.00M | 392.00M | 254.00M | 213.60M | -51.10M |
| Free Cash Flow Per Share | 5.28 | 5.61 | 4.28 | 4.17 | 2.58 | -0.93 |
| Gross Margin | 35.91% | 34.16% | 29.21% | 26.82% | 23.59% | 20.36% |
| Operating Margin | 8.64% | 9.19% | 8.14% | 6.12% | 2.91% | -3.58% |
| Profit Margin | 0.94% | 1.91% | 6.97% | 3.35% | 3.77% | -3.58% |
| Free Cash Flow Margin | 9.05% | 11.94% | 11.77% | 9.90% | 10.71% | -3.74% |
| EBITDA | 909.00M | 784.00M | 543.00M | 353.00M | 183.00M | 12.10M |
| EBITDA Margin | 19.01% | 18.76% | 16.30% | 13.76% | 9.18% | 0.89% |
| D&A For EBITDA | 496.00M | 400.00M | 272.00M | 196.00M | 124.90M | 61.10M |
| EBIT | 413.00M | 384.00M | 271.00M | 157.00M | 58.10M | -49.00M |
| EBIT Margin | 8.64% | 9.19% | 8.14% | 6.12% | 2.91% | -3.58% |
| Effective Tax Rate | 20.26% | 24.62% | 0.23% | |||
| Advertising Expenses | 32.00M | 22.00M | 15.00M | 14.90M | 28.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 356.00M | 964.00M | 1.21B | 455.00M | 702.50M | 1.23B |
| Cash & Short-Term Investments | 356.00M | 964.00M | 1.21B | 455.00M | 702.50M | 1.23B |
| Accounts Receivable | 809.00M | 742.00M | 349.00M | 256.80M | 195.00M | 152.90M |
| Other Receivables | 1.80M | |||||
| Receivables | 809.00M | 742.00M | 349.00M | 256.80M | 195.00M | 154.70M |
| Inventory | 3.40M | 4.80M | 3.50M | |||
| Prepaid Expenses | 153.00M | 125.00M | 51.00M | 29.00M | 13.60M | 10.10M |
| Restricted Cash | 84.40M | 74.00M | ||||
| Other Current Assets | 753.00M | 350.00M | 298.00M | 324.70M | 1.80M | 53.80M |
| Total Current Assets | 2.07B | 2.18B | 1.91B | 1.15B | 991.70M | 1.45B |
| Property, Plant & Equipment | 351.00M | 342.00M | 229.00M | 174.50M | 122.50M | 95.30M |
| Long-Term Investments | 5.00M | 3.00M | 62.20M | 47.10M | 30.50M | |
| Goodwill | 2.71B | 2.70B | 1.46B | 1.11B | 735.00M | 537.70M |
| Other Intangible Assets | 2.81B | 2.92B | 915.00M | 778.40M | 610.70M | 188.50M |
| Long-Term Deferred Tax Assets | 577.00M | 391.00M | 397.00M | |||
| Long-Term Deferred Charges | 99.00M | 89.00M | 65.00M | 51.70M | 36.10M | 35.10M |
| Other Long-Term Assets | 80.00M | 80.00M | 66.00M | 56.40M | 10.90M | 1.90M |
| Total Assets | 8.70B | 8.71B | 5.04B | 3.39B | 2.55B | 2.34B |
| Accounts Payable | 633.00M | 679.00M | 248.00M | 204.60M | 166.70M | 121.10M |
| Accrued Expenses | 272.00M | 219.00M | 120.00M | 78.60M | 78.20M | 20.10M |
| Current Portion of Long-Term Debt | 10.00M | 10.00M | 687.00M | |||
| Current Portion of Leases | 17.00M | 17.00M | 11.00M | 7.80M | 5.30M | 4.80M |
| Current Income Taxes Payable | 1.60M | |||||
| Current Unearned Revenue | 13.00M | 16.00M | 20.60M | 16.30M | 15.00M | |
| Other Current Liabilities | 778.00M | 376.00M | 297.00M | 392.80M | 1.80M | 21.20M |
| Total Current Liabilities | 1.71B | 1.31B | 1.38B | 704.40M | 268.30M | 183.80M |
| Long-Term Debt | 4.50B | 4.54B | 2.15B | 1.75B | 1.74B | 1.74B |
| Long-Term Leases | 39.00M | 53.00M | 29.00M | 18.80M | 18.10M | 17.90M |
| Long-Term Unearned Revenue | 2.40M | |||||
| Long-Term Deferred Tax Liabilities | 464.00M | 471.00M | 61.00M | 28.70M | 18.60M | 300.00K |
| Other Long-Term Liabilities | 244.00M | 382.00M | 400.00M | 17.30M | 26.50M | |
| Total Liabilities | 6.96B | 6.76B | 4.02B | 2.52B | 2.07B | 1.94B |
| Additional Paid-In Capital | 1.31B | 889.00M | 1.06B | 985.90M | 702.60M | 619.20M |
| Retained Earnings | -648.00M | -467.00M | -228.00M | -346.70M | -363.60M | -325.30M |
| Treasury Stock | -21.10M | |||||
| Comprehensive Income & Other | -49.00M | 47.00M | -28.00M | 14.10M | 8.30M | |
| Total Common Equity | 613.00M | 469.00M | 807.00M | 653.30M | 347.30M | 272.80M |
| Minority Interest | 123.00M | 515.00M | 211.00M | 215.10M | 133.30M | 126.90M |
| Shareholders' Equity | 1.74B | 1.96B | 1.02B | 868.40M | 480.60M | 399.70M |
| Total Liabilities & Equity | 8.70B | 8.71B | 5.04B | 3.39B | 2.55B | 2.34B |
| Total Debt | 4.57B | 4.62B | 2.88B | 1.78B | 1.77B | 1.76B |
| Net Cash (Debt) | -4.21B | -3.65B | -1.67B | -1.32B | -1.06B | -529.70M |
| Net Cash Per Share | -51.33 | -41.05 | -18.24 | -21.67 | -12.84 | -9.64 |
| Filing Date Shares Outstanding | 78.96M | 81.24M | 69.30M | 62.36M | 57.07M | 57.02M |
| Total Common Shares Outstanding | 78.96M | 64.79M | 69.26M | 62.36M | 57.04M | 56.45M |
| Working Capital | 361.00M | 867.00M | 531.00M | 448.90M | 723.40M | 1.27B |
| Book Value Per Share | 7.76 | 7.24 | 11.65 | 10.48 | 6.09 | 4.83 |
| Tangible Book Value | -4.91B | -5.16B | -1.56B | -1.24B | -998.40M | -453.40M |
| Tangible Book Value Per Share | -62.16 | -79.58 | -22.58 | -19.83 | -17.50 | -8.03 |
| Machinery | 43.00M | 46.00M | 24.00M | 24.50M | 18.80M | 12.80M |
| Leasehold Improvements | 26.00M | 23.00M | 20.00M | 18.70M | 10.40M | 9.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 105.00M | 119.00M | 230.00M | 86.00M | 75.10M | -48.20M |
| Depreciation & Amortization | 496.00M | 400.00M | 272.00M | 196.00M | 124.90M | 82.90M |
| Other Amortization | 48.00M | 47.00M | 34.00M | 27.00M | 32.30M | 27.40M |
| Loss (Gain) From Sale of Assets | -19.00M | -19.00M | ||||
| Asset Writedown & Restructuring Costs | 9.00M | 9.00M | 19.00M | |||
| Loss (Gain) From Sale of Investments | -2.00M | -67.00M | -12.00M | -15.10M | ||
| Stock-Based Compensation | 88.00M | 82.00M | 65.00M | 57.00M | 49.60M | 40.80M |
| Provision & Write-off of Bad Debts | 23.00M | 16.00M | 7.00M | 9.00M | 10.00M | 11.30M |
| Other Operating Activities | 37.00M | 52.00M | 35.00M | 60.00M | -24.50M | -27.20M |
| Change in Accounts Receivable | -47.00M | 5.00M | -75.00M | -53.00M | 4.10M | -120.70M |
| Change in Inventory | 2.80M | 1.80M | ||||
| Change in Accounts Payable | -57.00M | 4.00M | 25.00M | 15.00M | 37.30M | 56.50M |
| Change in Unearned Revenue | -6.00M | -6.00M | -15.00M | -8.00M | -2.20M | 700.00K |
| Change in Other Net Operating Assets | -82.00M | -75.00M | -11.00M | -50.00M | -18.90M | -22.30M |
| Operating Cash Flow | 593.00M | 634.00M | 500.00M | 346.00M | 275.40M | 3.00M |
| Capital Expenditures | -160.00M | -135.00M | -108.00M | -92.00M | -61.80M | -54.10M |
| Cash Acquisitions | -2.67B | -2.75B | -555.00M | -170.00M | -135.30M | -54.50M |
| Divestitures | 24.00M | 24.00M | ||||
| Sale (Purchase) of Intangibles | -144.00M | -126.00M | -81.00M | -55.00M | -318.20M | -31.40M |
| Investment in Securities | 1.00M | 126.00M | 15.00M | -1.50M | -30.50M | |
| Other Investing Activities | -6.00M | -16.00M | -73.00M | |||
| Investing Cash Flow | -2.96B | -3.00B | -691.00M | -302.00M | -516.80M | -170.50M |
| Long-Term Debt Issued | 2.85B | 1.17B | 632.50M | |||
| Long-Term Debt Repaid | -1.14B | -900.00K | ||||
| Net Debt Issued (Repaid) | 830.00M | 1.71B | 1.17B | 631.60M | ||
| Issuance of Common Stock | 88.00M | 88.00M | ||||
| Repurchase of Common Stock | -651.00M | -487.00M | -179.00M | -133.00M | -209.00M | -145.10M |
| Preferred Dividends Paid | -61.00M | -30.00M | ||||
| Dividends Paid | -61.00M | -30.00M | ||||
| Other Financing Activities | -295.00M | -221.00M | -65.00M | 23.00M | -5.60M | -15.30M |
| Financing Cash Flow | -89.00M | 2.06B | 929.00M | -110.00M | -214.60M | 471.20M |
| Foreign Exchange Rate Adjustments | -41.00M | 55.00M | -21.00M | 11.00M | 1.00M | |
| Net Cash Flow | -2.49B | -254.00M | 717.00M | -55.00M | -455.00M | 303.70M |
| Free Cash Flow | 433.00M | 499.00M | 392.00M | 254.00M | 213.60M | -51.10M |
| Free Cash Flow Margin | 9.05% | 11.94% | 11.77% | 9.90% | 10.71% | -3.74% |
| Free Cash Flow Per Share | 5.28 | 5.61 | 4.28 | 4.17 | 2.58 | -0.93 |
| Levered Free Cash Flow | 353.52M | 476.25M | 297.32M | 235.62M | -140.30M | -18.43M |
| Unlevered Free Cash Flow | 500.02M | 580.00M | 327.07M | 247.62M | -128.09M | -6.83M |
| Cash Interest Paid | 165.00M | 165.00M | 24.00M | 24.00M | 24.40M | 20.90M |
| Cash Income Tax Paid | 63.00M | 63.00M | 14.00M | 5.00M | 700.00K | 400.00K |
| Change in Working Capital | -192.00M | -72.00M | -76.00M | -96.00M | 23.10M | -84.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.16B | 4.33B | 7.30B | 4.36B | 3.17B | 3.28B |
| Enterprise Value | 7.37B | 9.15B | 8.98B | 5.58B | 4.37B | 3.87B |
| Last Close Price | 40.03 | 62.97 | 103.78 | 74.34 | 55.93 | 57.93 |
| PE Ratio | 64.10 | 54.17 | 31.45 | 50.66 | 42.18 | |
| Forward PE | 7.36 | 10.12 | 23.95 | 21.06 | 29.49 | 53.02 |
| PS Ratio | 0.66 | 1.04 | 2.19 | 1.70 | 1.59 | 2.40 |
| PB Ratio | 5.16 | 2.21 | 7.17 | 5.02 | 6.59 | 8.21 |
| P/FCF Ratio | 7.30 | 8.68 | 18.61 | 17.15 | 14.83 | |
| P/OCF Ratio | 5.33 | 6.83 | 14.59 | 12.59 | 11.50 | 1,094.14 |
| PEG Ratio | 0.67 | 0.69 | 0.85 | 0.46 | 0.27 | 0.13 |
| EV/Sales Ratio | 1.54 | 2.19 | 2.69 | 2.17 | 2.19 | 2.83 |
| EV/EBITDA Ratio | 8.11 | 11.67 | 16.53 | 15.80 | 23.90 | 319.68 |
| EV/EBIT Ratio | 17.85 | 23.82 | 33.13 | 35.53 | 75.27 | |
| EV/FCF Ratio | 17.02 | 18.33 | 22.90 | 21.96 | 20.48 | |
| Debt / Equity Ratio | 2.62 | 2.36 | 2.83 | 2.05 | 3.67 | 4.41 |
| Debt / EBITDA Ratio | 4.83 | 5.68 | 5.17 | 4.89 | 9.31 | 96.77 |
| Debt / FCF Ratio | 10.55 | 9.25 | 7.35 | 7.00 | 8.27 | |
| Net Debt / Equity Ratio | 2.42 | 1.87 | 1.64 | 1.52 | 2.21 | 1.32 |
| Net Debt / EBITDA Ratio | 4.63 | 4.66 | 3.07 | 3.74 | 5.81 | 43.78 |
| Net Debt / FCF Ratio | 9.72 | 7.32 | 4.26 | 5.20 | 4.98 | -10.37 |
| Asset Turnover | 0.61 | 0.61 | 0.79 | 0.86 | 0.81 | 0.66 |
| Inventory Turnover | 457.81 | 367.08 | 435.64 | |||
| Quick Ratio | 0.68 | 1.30 | 1.13 | 1.01 | 3.35 | 7.54 |
| Current Ratio | 1.21 | 1.66 | 1.39 | 1.64 | 3.70 | 7.91 |
| Return on Equity (ROE) | 6.49% | 9.88% | 31.28% | 18.24% | 19.70% | -13.84% |
| Return on Assets (ROA) | 3.29% | 3.49% | 4.02% | 3.30% | 1.48% | -1.49% |
| Return on Invested Capital (ROIC) | 5.56% | 6.98% | 11.11% | 8.41% | 4.69% | -5.84% |
| Return on Capital Employed (ROCE) | 5.90% | 5.20% | 7.40% | 5.90% | 2.50% | -2.30% |
| Earnings Yield | 1.56% | 2.75% | 3.15% | 1.97% | 2.37% | -1.47% |
| FCF Yield | 13.70% | 11.52% | 5.37% | 5.83% | 6.74% | -1.56% |
| Payout Ratio | 25.21% | |||||
| Buyback Yield / Dilution | 20.52% | 2.81% | -50.06% | 26.31% | -50.70% | -21.97% |