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MARKETS / NYSE / FOUR
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Shift4 Payments, Inc. FOUR

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.2B
▲ 25.5% YoY
$119.0M
▼ 48.3% YoY
$624.0M
▲ 26.6% YoY
In brief

What this company does

Shift4 provides a full suite of integrated payment products and services used across multiple channels, including in-store, online, mobile and tablet-based channels, comprising end-to-end payment processing, merchant acquiring services, a proprietary omni-channel gateway, complementary third-party software integrations, eCommerce capabilities, integrated and mobile POS solutions, security and risk management solutions, and reporting and analytical tools. Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. Its merchant base is diversified, with no single merchant accounting for more than 3% of its total revenue in recent years. The company built its Shift4 Model on a three-pillar foundation: payments platform, technology solutions, and sales and distribution. Its payments platform and technology solutions are delivered to merchants through its distribution network, which includes thousands of partners and regional internal sales and support hubs. As of December 31, 2025, it employed approximately 6,300 employees, with approximately 33% based in the United States and 67% based internationally across 59 countries. In the third quarter of 2025, Shift4 acquired Global Blue Group Holding AG, extending its business into tax-free shopping.

Written from the business description in Shift4 Payments, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.2B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.2 · Net income 0.1
2B4B20182019202020212022202320242025
Compound annual growth
+28.0%
+40.4%
+16.6%
+25.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +40.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.4% · Net 3.5%
5%-5%-10%20182019202020212022202320242025
ROE
FY2025 · ROE 10.6%
10%20%30%-5%-10%20182019202020212022202320242025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 365.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 624.0
250.0M500.0M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 365.0
200M2019202020212022202320242025

USD 365.0M in buybacks — 307% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 8.7B
EquityUSD 1.4B
CashUSD 964.0M
Gross debtUSD 4.5B
Net debtUSD 3.6B
Current ratio1.66×

Net debt stands at 248% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B4.23.32.62.01.40.80.70.6
Operating income $B0.40.20.10.1−0.0−0.1−0.0−0.0
EBITDA $B0.80.50.30.20.10.00.10.1
Income tax $B0.0−0.3−0.00.0−0.0−0.00.0−0.0
Net income $B0.10.20.10.1−0.0−0.0−0.1−0.1
Free cash flow $B0.60.50.30.3−0.0−0.0−0.00.0
EPS, diluted $·3.031.431.05−0.89−0.43··
Dividend / sh $········
Payout %········
ROE %10.631.517.224.2−13.2−8.6··
Shares out B·····0.08··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2018

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