Shift4 Payments, Inc. (FOUR) Income Statement
FOUR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFOUR revenue and net income
Where FOUR's revenue goes
2025Each bar shows an amount and its share of revenue. FOUR kept 2.8% of revenue as net income.
FOUR profit margins
FOUR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.5% | +28.0% | +40.4% | — |
| Gross profit | +46.7% | +44.8% | +51.7% | — |
| Operating income | +42.1% | +54.8% | — | — |
| Net income | −48.2% | +16.6% | — | — |
| EPS (diluted) | +24.9% | +51.8% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FOUR quarterly EPS vs estimates
Shift4 Payments beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.11).
FOUR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.18B | $3.33B | $2.56B | $1.99B | $1.37B | $766.9M | $731.4M | $560.6M |
| Cost of revenue | $2.75B | $2.36B | $1.88B | $1.52B | $1.09B | $589.1M | $558.0M | $419.9M |
| Gross profit | $1.43B | $973.1M | $687.8M | $470.2M | $278.4M | $177.8M | $173.4M | $140.7M |
| Research & development | — | — | $1.2M | $500,000 | $1.8M | $1.2M | $1.6M | $1.6M |
| Sales, general & admin | $801.0M | $522.6M | $377.5M | $315.6M | $265.2M | $194.7M | $141.1M | $93.3M |
| Total operating expenses | $1.08B | $726.1M | $573.0M | $375.5M | $327.4M | $235.4M | $177.8M | $153.8M |
| Operating income | $351.0M | $247.0M | $114.8M | $94.7M | −$49.2M | −$57.6M | −$4.4M | −$13.1M |
| Interest income | $59.0M | $33.7M | $31.9M | $6.6M | $28.0M | $40.2M | $51.5M | $47.0M |
| Interest expense | $190.0M | $61.8M | $32.1M | $32.5M | $28.0M | $40.2M | $51.5M | $47.0M |
| Income before taxes | $195.0M | −$1.6M | $119.5M | $86.9M | −$77.1M | −$113.8M | −$54.9M | −$59.5M |
| Income taxes | $48.0M | −$296.1M | −$3.4M | $200,000 | −$3.1M | −$2.4M | $1.7M | −$4.1M |
| Net income | $119.0M | $229.6M | $86.2M | $75.1M | −$48.9M | −$18.4M | −$56.6M | −$55.4M |
| EBITDA | $817.0M | $356.8M | $366.2M | $268.5M | $55.3M | $10.6M | $59.2M | $77.5M |
| EPS (diluted) | $4.86 | $3.89 | $2.83 | $1.39 | $0.71 | −$0.40 | −$1.45 | — |
| Gross margin | 34.2% | 29.2% | 26.8% | 23.6% | 20.4% | 23.2% | 23.7% | 25.1% |
| Operating margin | 8.4% | 7.4% | 4.5% | 4.8% | −3.6% | −7.5% | −0.6% | −2.3% |
| Net margin | 2.8% | 6.9% | 3.4% | 3.8% | −3.6% | −2.4% | −7.7% | −9.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.12B | $1.19B | $1.18B | $966.2M | $848.3M | $887.0M | $909.2M | $827.0M | $707.4M | $705.4M | $675.4M |
| Cost of revenue | $849.0M | $729.0M | $739.0M | $747.9M | $673.7M | $591.3M | $600.8M | $641.9M | $595.2M | $519.6M | $510.2M | $495.1M |
| Gross profit | $446.0M | $392.0M | $450.0M | $429.0M | $292.5M | $257.0M | $286.2M | $267.3M | $231.8M | $187.8M | $195.2M | $180.3M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $1.2M | — |
| Sales, general & admin | $242.0M | $248.0M | $238.0M | $231.4M | $152.7M | $179.3M | $143.7M | $133.8M | $125.6M | $119.5M | $105.0M | $86.7M |
| Total operating expenses | $351.0M | $342.0M | $322.0M | $314.4M | $209.4M | $231.6M | $200.2M | $186.9M | $172.6M | $166.4M | $167.8M | $135.6M |
| Operating income | $95.0M | $50.0M | $128.0M | $114.6M | $83.1M | $25.4M | $86.0M | $80.4M | $59.2M | $21.4M | $27.4M | $44.7M |
| Interest income | $3.0M | $5.0M | $9.9M | $17.5M | $19.2M | $12.4M | $13.6M | $9.7M | $5.0M | $5.4M | $5.9M | $4.2M |
| Interest expense | $65.0M | $65.0M | $61.0M | $60.8M | $39.4M | $28.5M | $27.3M | $18.3M | $8.1M | $8.1M | $8.0M | $8.0M |
| Income before taxes | $37.0M | −$12.0M | $67.0M | $60.5M | $55.7M | $11.4M | $124.1M | −$208.3M | $52.7M | $29.9M | $21.8M | $47.4M |
| Income taxes | $13.0M | −$24.0M | $14.0M | $27.1M | $14.6M | −$8.1M | −$15.2M | −$280.5M | −$1.8M | $1.4M | $2.6M | $900,000 |
| Net income | $22.0M | $15.0M | $25.0M | $28.1M | $34.0M | $16.7M | $116.0M | $53.8M | $39.2M | $20.6M | $13.7M | $32.6M |
| EBITDA | $241.0M | $188.0M | $254.3M | $229.5M | $183.5M | $125.1M | $234.9M | −$112.7M | $130.5M | $104.1M | $91.7M | $110.5M |
| EPS (diluted) | $1.01 | $0.97 | $1.22 | $1.47 | $1.10 | $1.07 | $1.35 | $1.04 | $0.96 | $0.54 | $0.76 | $0.82 |
| Gross margin | 34.4% | 35.0% | 37.8% | 36.5% | 30.3% | 30.3% | 32.3% | 29.4% | 28.0% | 26.5% | 27.7% | 26.7% |
| Operating margin | 7.3% | 4.5% | 10.8% | 9.7% | 8.6% | 3.0% | 9.7% | 8.8% | 7.2% | 3.0% | 3.9% | 6.6% |
| Net margin | 1.7% | 1.3% | 2.1% | 2.4% | 3.5% | 2.0% | 13.1% | 5.9% | 4.7% | 2.9% | 1.9% | 4.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FOUR's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FOUR financial results
In fiscal year 2025 (ended December 31, 2025), Shift4 Payments reported revenue of $4.2 billion, up 25.5% from the year before. It had net income of $119.0 million (down 48.2%), a net profit margin of 2.8%. Diluted earnings per share came to $4.86. Over five years revenue grew at an average rate of 40.4% a year.
See the FOUR stock overview for the latest quote and news, or the FOUR chart for price history and technical indicators.
FOUR income statement FAQ
What is Shift4 Payments's annual revenue?
Shift4 Payments reported total revenue of $4.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 25.5% from $3.3 billion the previous year.
Is Shift4 Payments profitable?
Yes. Shift4 Payments reported net income of $119.0 million in fiscal 2025, a net profit margin of 2.8%; its operating margin was 8.4%.
What is Shift4 Payments's gross margin?
Shift4 Payments's gross margin was 34.2% in fiscal 2025: for every $100 of revenue, Shift4 Payments kept $34 after the direct cost of its products and services.
How fast is Shift4 Payments growing?
Revenue grew 40.4% a year on average over the last five fiscal years, from $766.9 million to $4.2 billion.
What are Shift4 Payments's earnings per share?
Shift4 Payments earned $4.86 per diluted share in fiscal 2025, compared with $3.89 a year earlier.
When will Shift4 Payments report its next earnings?
Shift4 Payments is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Shift4 Payments's fiscal year end?
Shift4 Payments's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.