Shift4 Payments, Inc. FOUR

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

At Shift4, our mission is to boldly redefine commerce by simplifying complex payments ecosystems across the world. We are a leading independent provider of software and payment processing solutions in the U.S. and we are expanding our payment processing solutions to international markets.

As a result of the acquisition of Global Blue Group Holding AG ("Global Blue") in the third quarter of 2025 ("Global Blue Merger") we are also a leader in tax-free shopping ("TFS"). Global Blue is a leading technology and travel services platform, primarily providing TFS, dynamic currency conversion, and payments solutions to many of the world's largest retail brands.

We power billions of transactions annually for hundreds of thousands of businesses in virtually every industry. We achieved our leadership position through decades of solving business and operational challenges facing our customers' overall commerce needs. Our merchants range in size from small owner-operated local businesses to multinational enterprises conducting commerce globally.

Last close 38.79 2026-10-23
Market cap $3.06B 2026-06-30 share count
52-week range 34.56 - 77.50

Valuation FY2025 figures against the last close

P/S0.7x
P/E—
P/FCF4.9x
EV/EBITDA8.5x
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 3.3B (79.2%) 79% U.S. International, FY2025: 868M (20.8%) 21% International FY2024 U.S., FY2024: 2.9B (87.4%) 87% International, FY2024: 420M (12.6%) 13% FY2023 U.S., FY2023: 2.5B (96.1%) 96% International, FY2023: 101M (3.9%) 4%
Region FY2025FY2024FY2023
U.S. $3.31B $2.91B $2.46B
International $868.0M $420.0M $101.0M

As the company reported it, from the “Segments - Schedule of Revenue by Geographical Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $4.18B$3.33B$2.56B$1.99B$1.37B$766.9M$731.4M$560.6M—
Cost of revenue ————$1.09B$589.1M$558.0M$419.9M—
Gross profit ————$278.4M$177.8M$173.4M$140.7M—
R&D $6.0M$4.0M$1.0M$500.0K$1.8M$1.2M$1.6M$1.6M—
SG&A $682.0M$459.0M$329.0M$267.4M$219.5M$186.5M$117.1M$79.8M—
Total operating expenses ————$327.6M$235.4M$177.8M$153.8M—
Operating income $351.0M$247.0M$115.0M$94.7M-$49.2M-$57.6M-$4.4M-$13.1M—
Interest expense $190.0M$62.0M$32.0M$32.5M$28.0M$40.2M$51.5M$47.0M—
Pre-tax income $195.0M-$1.0M$120.0M$86.9M-$77.1M-$113.8M-$54.9M-$59.5M—
Income tax $48.0M$296.0M$3.0M$200.0K$3.1M$2.4M$1.7M$4.1M—
Net income $147.0M$294.5M$122.9M$86.7M-$48.2M-$18.4M-$56.6M-$55.4M—
Shares, diluted (wtd. avg.) 1.3M1.7M1.9M3.9M—————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $964.0M$1.21B$722.0M$777.0M$1.23B$927.8M$3.7M——
Receivables $742.0M$349.0M$256.8M$195.0M$205.9M$92.7M$78.6M——
Inventory —$8.9M$3.4M$4.8M$3.5M$1.5M$8.5M——
Total current assets $2.18B$1.91B$1.15B$991.7M$1.45B$1.03B$106.4M——
Property, plant and equipment ——$28.6M$22.3M$18.4M$15.1M$15.4M——
Goodwill $2.70B$1.46B$1.11B$735.0M$537.7M$477.0M$421.3M$391.8M—
Other intangibles $3.01B$980.9M$830.1M$646.8M$188.5M$186.3M$209.2M——
Total assets $8.71B$5.04B$3.39B$2.55B$2.34B$1.78B$784.0M——
Accounts payable $679.0M$248.0M$204.6M$166.7M$121.1M$60.6M$58.1M——
Short-term debt $10.0M$687.0M$0—$0$900.0K$5.3M——
Total current liabilities $1.31B$1.38B$704.4M$268.3M$183.8M$99.4M$129.9M——
Long-term debt $4.54B$2.15B$1.75B$1.74B$1.74B$1.01B$635.1M——
Total liabilities $6.76B$4.02B$2.52B$2.07B$1.94B$1.11B$773.9M——
Retained earnings -$467.0M-$228.0M-$346.7M-$363.6M-$325.3M-$278.7M-$182.4M-$118.8M—
Total equity $1.44B$807.0M$869.0M$481.0M$399.7M$670.0M-$32.9M$35.9M$96.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $634.0M$500.0M$346.0M$275.4M$3.0M$4.0M$8.0M$25.5M—
Depreciation and amortisation $432.0M$297.0M$215.0M$149.1M$104.4M$84.2M$62.6M$70.8M—
Stock-based compensation $82.0M$65.0M$57.0M$49.6M$40.8M$66.2M$0——
Capital expenditure $10.0M$7.0M$14.0M$8.0M$8.2M$4.8M$8.2M$1.6M—
Investing cash flow -$3.00B-$691.0M-$302.0M-$516.8M-$170.5M-$82.7M-$80.1M-$41.4M—
Financing cash flow $2.06B$929.0M-$110.0M-$214.6M$471.2M$1.00B$71.0M$11.3M—
Buybacks $453.0M$146.0M$105.0M$185.9M$19.5M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197191.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2018: 560.6M Gross profit, FY2018: 140.7M Net income, FY2018: -55.4M Revenue, FY2019: 731.4M Gross profit, FY2019: 173.4M Net income, FY2019: -56.6M Revenue, FY2020: 766.9M Gross profit, FY2020: 177.8M Net income, FY2020: -18.4M Revenue, FY2021: 1.4B Gross profit, FY2021: 278.4M Net income, FY2021: -48.2M Revenue, FY2022: 2B Net income, FY2022: 86.7M Revenue, FY2023: 2.6B Net income, FY2023: 122.9M Revenue, FY2024: 3.3B Net income, FY2024: 294.5M Revenue, FY2025: 4.2B Net income, FY2025: 147M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $560.6M $731.4M $766.9M $1.37B $1.99B $2.56B $3.33B $4.18B
Gross profit — $140.7M $173.4M $177.8M $278.4M — — — —
Net income — -$55.4M -$56.6M -$18.4M -$48.2M $86.7M $122.9M $294.5M $147.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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