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Shift4 Payments, Inc. (FOUR) stock

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NYSE: FOUR NYSE Transaction & Payment Processing Services Next results ~November 5, 2026

C Fundamentals grade

Shift4 Payments, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: share count (1m) is 0.017x the cover-page count (79m).

Price vs value

Under review: share count (1m) is 0.017x the cover-page count (79m). We'll show the comparison once resolved.

Shift4 Payments, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling6 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds177 adding, 204 cuttingOf 48 active managers that changed their stake, 34 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Shift4 Payments files

Where Shift4 Payments stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.78bn, up 32.4% on a year earlier, faster than 28.3% a quarter earlier. That growth ranks 1 of 10 among the business services, nec companies we cover. Free-cash-flow margin fell to 12.0% from 14.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 7 financial-health checks.

Our model value for Shift4 Payments is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Shift4 Payments, Inc.'s trailing-twelve-month revenue grew 32.4% year on year, with a free-cash-flow margin of 12.0%. Where it stands out: revenue growth of 32.4% ranks 3 of 30 transaction & payment processing services companies we cover. Where it lags: long-term debt as % of assets of 51.7% ranks 17 of 19 transaction & payment processing services companies we cover.

Our discounted-cash-flow model values the business at ~$18000 per share in the base case (~$13000–$24000 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 13.3% while net income fell 52.4%: a 66pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 32.4% over the last 12 months, against a median of 9.7% for transaction & payment processing services companies we cover.
  • Growth speeding up. The growth rate is 4.2 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 8 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 65% and a beta of 1.3 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.8 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 51.7% ranks 17 of 19 transaction & payment processing services companies we cover (median 25.3%).
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 12.0% ranks 19 of 25 transaction & payment processing services companies we cover (median 18.4%).
  • Heavily shorted. 18.0% of the shares available to trade are sold short (6.9 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.32 against an average estimate of $1.24: beat by 6.8%
Revenue
$1.29bn, up 34.1% on a year earlier
Share reaction
-22.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
volume $240bn to $260bn (FY 2026); gross Revenue Less Network Fees $2.48bn to $2.53bn (FY 2026)
Next report
November 5, 2026; average EPS estimate $1.37

Shift4 Payments' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.1%
  • 1 week+13.7%
  • 1 month+16.3%
  • This year-33.2%
  • 1 year-39.1%
  • 5 years-28.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.8B
Operating margin
8.1%
Net margin
2.2%

Growth

Revenue growth
+32.4%
Change in growth rate
+4.2 pts

Cash

Free cash flow (TTM)
$573M
FCF margin
12.0%
Stock pay % of revenue
1.8%

Earnings

Last results
August 6, 2026
Next results (est.)
November 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Leadership
  3. Results
  4. Guidance
  5. Product
  6. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Shift4 Payments, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (1m) is 0.017x the cover-page count (79m): held for review.

Our value per share comes from a discounted-cash-flow model of Shift4 Payments, Inc.'s free cash flow after stock-based pay ( $662M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025
Share price$55.93$74.34$103.78$62.97
Market value$108m$144m$173m$84m
+ Net debt (− = net cash)$1.1bn$1.3bn$1.7bn$3.6bn
Enterprise value$1.2bn$1.5bn$1.8bn$3.7bn
Multiples
Price / sales 0.1x0.1x0.1x0.0x
Price / earnings 1.4x1.7x0.8x0.7x
Price / free cash flow 0.4x0.4x0.4x0.1x
EV / EBITDA 4.8x4.4x3.4x4.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

17 /100

Weak moat

How hard Shift4 Payments's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.2% of total assets over 7 years.

  • Durability 0 / 20

    Operating margin has been a median 5.2%; its worst year was -7.7%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 5 of 7 years, at a median 12.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (22 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $1.3bn and EPS of $1.37 (range $1.27 to $1.45) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.19 +1% $5.1bn +22%
Next $6.11 +18% $5.8bn +13%

Next year's EPS estimate has moved −9.3% in 90 days, across 25 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −6.5% on 90 days ago. In the last 30 days, 0 analysts raised Shift4 Payments, Inc.'s forecast and 11 cut it.

Consensus EPS forecast Shift4 Payments, Inc., last 90 days
$5.00 $5.50 $6.00 $6.50 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.55 Current fiscal year, 60 days ago: $5.22 Current fiscal year, 30 days ago: $5.21 Current fiscal year, 7 days ago: $5.20 Current fiscal year, Now: $5.19 $5.19 Next fiscal year, 90 days ago: $6.73 Next fiscal year, 60 days ago: $6.30 Next fiscal year, 30 days ago: $6.20 Next fiscal year, 7 days ago: $6.10 Next fiscal year, Now: $6.11 $6.11

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.55$6.73
60 days ago $5.22$6.30
30 days ago $5.21$6.20
7 days ago $5.20$6.10
Now $5.19$6.11

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.24 $1.32 +6.8%
Mar 2026 $0.96 $0.97 +1.0%
Dec 2025 $1.60 $1.60 −0.1%
Sept 2025 $1.48 $1.47 −0.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Gross Revenue Less Network Fees FY 2026 $2.48bn to $2.53bn Non-GAAP Lowered
    “Gross Revenue Less Network Fees(A) $2.48 Billion $2.53 Billion TO FY 2026 +25% YoY (Prior 26%) +28% YoY (Prior 31%)” source
  • Non-GAAP EPS FY 2026 $5.15 to $5.35 Non-GAAP Lowered
    “Non-GAAP EPS(A)(B) $5.15 $5.35” source
  • Volume FY 2026 $240bn to $260bn
    “Volume $240 Billion $260 BillionTO FY 2026 +15% YoY +24% YoY” source
  • Adjusted EBITDA FY 2026 $1.15bn to $1.18bn Non-GAAP Lowered
    “Adjusted EBITDA(A) $1.15 Billion $1.18 Billion TO FY 2026 +19% YoY (Prior 20%) +22% YoY (Prior 25%)” source
  • Adjusted Free Cash Flow FY 2026 $465m to $475m Non-GAAP Lowered
    “Adjusted Free Cash Flow(A) $465 Million $475 Million TO FY 2026 40% Adj. FCF Conversion (Prior 42%) 40% Adj. FCF Conversion (Prior 42%)” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Shift4 Payments, Inc.'s revenue by +15.9% next year and +17.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.1%, weight 70%) and the company's own record (+20.0%, weight 30%) . How the weights are set.

Analyst recommendations

25 analysts, Oct 2026
Buy1248%
Hold1352%
Sell00%

Monthly trend

  1. Oct 20262101325
  2. Sep 20262101224
  3. Aug 2026291223
  4. Jul 2026291324

Counts of recommendations published by analysts covering Shift4 Payments, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
18.0%
of tradable shares
Days to cover
6.87
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
89%
of shares
Held by insiders
30.5%
of shares
Employees
6,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FOUR−23%−4%+33%+40%−39%−33%
Industry peers (median)−18%−35%+6%+9%−23%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FOUR42%50%58%58%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FOUR−52%−54%−43%−33%−50%−47%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 5, 2020: 72% from February 18, 2025 to October 1, 2026. Getting back needed a 253% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$35.58 – $73.78
From 52-week high
−43.0%
vs 50-day average
+3.7%
vs 200-day average
−8.9%
Volatility (1 year)
65%
Beta vs S&P 500
1.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±10.6%
After a week
6 up, 6 down
typical move ±12.6%
After a month
4 up, 8 down
typical move ±16.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −22.7% +0.5% −10.1% −13.9%
May 7, 2026 −0.7% +0.5% −2.0% −12.2%
February 26, 2026 −23.2% −1.0% −14.6% −22.5%
November 6, 2025 −1.5% −1.0% +7.6% −0.6%
April 29, 2025 +2.7% +0.7% +4.1% +16.2%
February 18, 2025 −14.5% +0.5% −20.4% −27.2%
November 12, 2024 −3.4% −0.3% −2.7% −4.2%
August 8, 2024 +12.4% +2.8% +28.9% +19.8%
May 9, 2024 +10.8% +0.7% +17.2% +24.7%
February 27, 2024 +18.0% +0.1% +9.7% −9.9%
November 8, 2023 +16.5% −0.7% +32.0% +41.4%
August 3, 2023 +1.1% −0.7% −2.3% −9.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Shift4 Payments, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Shift4 Payments, Inc.
$2B $3B $4B $5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.4B Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.7B Revenue (TTM), FY24 Q2: $2.9B Revenue (TTM), FY24 Q3: $3.1B Revenue (TTM), FY24 Q4: $3.3B Revenue (TTM), FY25 Q1: $3.5B Revenue (TTM), FY25 Q2: $3.6B Revenue (TTM), FY25 Q3: $3.9B Revenue (TTM), FY25 Q4: $4.2B Revenue (TTM), FY26 Q1: $4.5B Revenue (TTM), FY26 Q2: $4.8B $4.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.4B
FY23 Q4 $2.6B
FY24 Q1 $2.7B
FY24 Q2 $2.9B
FY24 Q3 $3.1B
FY24 Q4 $3.3B
FY25 Q1 $3.5B
FY25 Q2 $3.6B
FY25 Q3 $3.9B
FY25 Q4 $4.2B
FY26 Q1 $4.5B
FY26 Q2 $4.8B
Revenue growth, TTM YoY Shift4 Payments, Inc.
20% 25% 30% 35% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 29.2% Revenue growth, TTM YoY, FY23 Q4: 28.7% Revenue growth, TTM YoY, FY24 Q1: 27.4% Revenue growth, TTM YoY, FY24 Q2: 28.5% Revenue growth, TTM YoY, FY24 Q3: 31.4% Revenue growth, TTM YoY, FY24 Q4: 29.9% Revenue growth, TTM YoY, FY25 Q1: 27.4% Revenue growth, TTM YoY, FY25 Q2: 23.8% Revenue growth, TTM YoY, FY25 Q3: 23.2% Revenue growth, TTM YoY, FY25 Q4: 25.5% Revenue growth, TTM YoY, FY26 Q1: 28.3% Revenue growth, TTM YoY, FY26 Q2: 32.4% 32.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 29.2%
FY23 Q4 28.7%
FY24 Q1 27.4%
FY24 Q2 28.5%
FY24 Q3 31.4%
FY24 Q4 29.9%
FY25 Q1 27.4%
FY25 Q2 23.8%
FY25 Q3 23.2%
FY25 Q4 25.5%
FY26 Q1 28.3%
FY26 Q2 32.4%
Operating margin (TTM) Shift4 Payments, Inc.
4% 5% 6% 7% 8% 9% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 4.9% Operating margin (TTM), FY23 Q4: 4.5% Operating margin (TTM), FY24 Q1: 4.7% Operating margin (TTM), FY24 Q2: 5.2% Operating margin (TTM), FY24 Q3: 6.0% Operating margin (TTM), FY24 Q4: 7.4% Operating margin (TTM), FY25 Q1: 7.2% Operating margin (TTM), FY25 Q2: 7.6% Operating margin (TTM), FY25 Q3: 8.0% Operating margin (TTM), FY25 Q4: 8.4% Operating margin (TTM), FY26 Q1: 8.4% Operating margin (TTM), FY26 Q2: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 4.9%
FY23 Q4 4.5%
FY24 Q1 4.7%
FY24 Q2 5.2%
FY24 Q3 6.0%
FY24 Q4 7.4%
FY25 Q1 7.2%
FY25 Q2 7.6%
FY25 Q3 8.0%
FY25 Q4 8.4%
FY26 Q1 8.4%
FY26 Q2 8.1%
FCF margin (TTM) Shift4 Payments, Inc.
10% 12% 14% 16% 18% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 17.1% FCF margin (TTM), FY23 Q4: 12.9% FCF margin (TTM), FY24 Q1: 13.5% FCF margin (TTM), FY24 Q2: 13.4% FCF margin (TTM), FY24 Q3: 13.5% FCF margin (TTM), FY24 Q4: 14.8% FCF margin (TTM), FY25 Q1: 13.7% FCF margin (TTM), FY25 Q2: 14.0% FCF margin (TTM), FY25 Q3: 13.7% FCF margin (TTM), FY25 Q4: 14.9% FCF margin (TTM), FY26 Q1: 14.8% FCF margin (TTM), FY26 Q2: 12.0% 12.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 17.1%
FY23 Q4 12.9%
FY24 Q1 13.5%
FY24 Q2 13.4%
FY24 Q3 13.5%
FY24 Q4 14.8%
FY25 Q1 13.7%
FY25 Q2 14.0%
FY25 Q3 13.7%
FY25 Q4 14.9%
FY26 Q1 14.8%
FY26 Q2 12.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Shift4 Payments took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.2B
  2. Selling, general and admin $682M · 16.3%
  3. Other operating costs $3.1B · 75.1%
  4. Operating income $351M · 8.4%
  5. Income tax $48M · 1.1%
  6. Interest and other $184M · 4.4%
  7. Net income $119M · 2.8%

Shares of revenue. Source: Shift4 Payments's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 561 731 767 1,368 1,994 2,565 3,331 4,180 4,782
Gross profit 141 173 178 278 — — — — —
EBITDA 58 58 27 55 244 330 544 783 920
Operating income −13 −4 −58 −49 95 115 247 351 388
Net income −55 −57 −18 −48 75 86 230 119 105
Growth (year on year)
Revenue — +30.5% +4.9% +78.3% +45.8% +28.7% +29.9% +25.5% +32.4%
EBITDA — +0.9% −54.3% +107.5% +341.7% +35.4% +64.8% +43.9% +51.2%
Operating income — — — — — +21.4% +114.8% +42.1% +41.2%
Net income — — — — — +14.5% +167.4% −48.3% −52.4%
Margins
Gross margin 25.1% 23.7% 23.2% 20.4% — — — — —
EBITDA margin 10.3% 8.0% 3.5% 4.0% 12.2% 12.9% 16.3% 18.7% 19.2%
Operating margin −2.3% −0.6% −7.5% −3.6% 4.8% 4.5% 7.4% 8.4% 8.1%
Net margin −9.9% −7.7% −2.4% −3.5% 3.8% 3.4% 6.9% 2.8% 2.2%
Free-cash-flow margin 4.3% −0.0% −0.1% −0.4% 13.4% 12.9% 14.8% 14.9% 12.0%
Cash flow
Cash from operations 26 8 4 3 275 346 500 634 593
Capital spending 2 8 5 8 8 14 7 10 20
Free cash flow 24 −0 −1 −5 267 332 493 624 573
Stock-based pay — 0 66 41 50 57 65 82 88
Free cash flow after stock pay — −0 −67 −46 218 275 428 542 485
Balance sheet
Cash — 4 928 1,232 703 455 1,212 964 356
Total debt — 662 1,028 1,773 1,773 1,773 2,873 4,589 4,549
Net debt (negative = net cash) — 658 101 541 1,070 1,318 1,661 3,625 4,193
Diluted shares — — — — 2m 2m 2m 1m —
Returned to shareholders
Buybacks — 0 0 20 186 105 146 453 626
Total returned — 0 0 20 186 105 146 453 626

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $8.7bn
Short-term assets $2.1bnLonger-term assets $6.6bn
What it owes, and who funded it · $8.6bn
Short-term liabilities $1.7bnLonger-term liabilities $5.2bnShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $1.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $5.2bn of longer-dated liabilities.
  • More cash than debt $356m of cash against $4.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 279% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 637% to 279% over five years.
  • A year's operating cash flow covers at least 20% of debt $593m of operating cash flow against $4.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $388m against $252m of interest.

From Shift4 Payments, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$626M
Returned to shareholders
109%
of free cash flow
Buybacks, last 3 fiscal years
$704M
Total shareholder yield
1115.7%
dividends 0.0% + buybacks 1115.7% of market value
Days sales outstanding
62 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated FOUR CPAY EEFT AFRM WU WEX Median
Revenue, last 12 months $4.8bn $5.0bn $4.4bn $4.3bn $4.0bn $2.9bn $1.6bn
Revenue growth, last 12 months 32.4% 20.4% 5.8% 32.2% −1.6% 9.7% 9.3%
Revenue growth, 3-year average 28.2% 11.5% 7.5% 39.0% −2.7% 4.8% 7.9%
Revenue growth, latest quarter 34.1% 21.5% 3.2% 33.0% −1.3% 12.8% 14.0%
Gross margin 20.1% — 41.4% — 35.1% 60.4% 45.0%
Operating margin 8.1% 43.7% 11.5% 9.8% 15.9% 26.6% 9.8%
Operating margin, 3-year average 7.0% 44.3% 12.2% −6.5% 17.0% 25.8% 11.1%
Net margin 2.2% 22.7% 6.6% 45.3% 9.8% 14.0% 6.1%
Cash from operations / revenue 12.4% 36.8% 9.2% 28.9% 15.1% −4.3% 18.4%
Free-cash-flow margin 12.0% 32.6% 6.1% 23.3% 14.0% −12.8% 16.1%
Free-cash-flow margin, 3-year average 13.1% 41.4% 11.4% 18.2% 12.7% 9.5% 16.3%
Stock pay / revenue 1.8% 2.3% 1.4% 7.2% 1.0% 4.5% 2.2%
Change in share count — −3.3% 1.8% 2.3% −5.6% −6.1% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth 32.4% 9.7% 3 of 30
Change in growth rate Growth +4.2pp -0.3pp 5 of 30
Operating margin Profitability 8.1% 9.8% 19 of 29
Net margin Profitability 2.2% 6.6% 21 of 30
Free-cash-flow margin Cash generation 12.0% 18.4% 19 of 25
Stock pay as % of revenue Cash generation 1.8% 2.3% 11 of 30
Long-term debt as % of assets Balance sheet 51.7% 25.3% 17 of 19
Days sales outstanding Balance sheet 62 days 53 days 12 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Payments Based Revenue $3.5B 83.0% ▲ 16.1%
Subscription and Other Revenues $454M 10.9% ▲ 33.1%
TFS Revenue $255M 6.1% —
Geography
Region Revenue Share YoY
United States $3.3B 79.2% ▲ 13.8%
Outside the US $868M 20.8% ▲ 106.7%

From Shift4 Payments, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.4B
Institutions reporting
356
Shares held vs prior quarter
▼ 2.2%
Positions opened / closed
64 / 59

Top buyers and sellers, Q2 2026: 177 institutions bought and 204 sold ; the biggest buyer was Citadel Advisors LLC (+1.2M shares) and the biggest seller Wasatch Advisors LP (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Darlington Partners Capital Management, LP $348M 7.2M 10.3% ▲ 8.9%
Blackrock, Inc. $272M 5.6M 8.0% ▼ 13.5%
Durable Capital Partners LP $215M 4.4M 6.4% ▼ 28.3%
Ensign Peak Advisors, Inc $149M 3.1M 4.4% ▼ 1.5%
Neuberger Berman Group LLC $129M 2.6M 3.8% ▲ 5.1%
Vanguard Capital Management LLC $124M 2.6M 3.7% ▲ 11.9%
Vanguard Portfolio Management LLC $113M 2.3M 3.3% ▲ 14.8%
Wasatch Advisors LP $106M 2.2M 3.1% ▼ 48.4%
Marshall Wace, LLP $98.8M 2.0M 2.9% ▲ 6.0%
State Street Corp $96M 2.0M 2.8% ▼ 4.5%
Jupiter Topco LLC $89.9M 1.8M 2.7% —
Spyglass Capital Management LLC $89.2M 1.8M 2.6% ▲ 4.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Shift4 Payments, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $33.6M 6 trades by 1 insider, last 12 months Insider sales History → $1.3M 4 trades by 3 insiders · 100% under pre-set plans
Net ▲ $32.3M net buying
Insider Date Trade Shares Price Value
Isaacman Jared 10% owner May 12, 2026 Buy 193,000 $40.66 $7.8M
Isaacman Jared 10% owner May 11, 2026 Buy 195,500 $41.41 $8.1M
Isaacman Jared 10% owner March 10, 2026 Buy 43,827 $45.75 $2M
Isaacman Jared 10% owner March 2, 2026 Buy 45,693 $43.83 $2M
Isaacman Jared 10% owner February 27, 2026 Buy 159,244 $44.15 $7M
Isaacman Jared 10% owner February 26, 2026 Buy 136,993 $48.38 $6.6M
Lauber David Taylor Chief Executive Officer December 11, 2025 Sell pre-set plan 1,319 $69.77 $92,027
Lauber David Taylor Chief Executive Officer December 11, 2025 Sell pre-set plan 10,681 $68.91 $736,028
Disman Nancy Director December 11, 2025 Sell pre-set plan 5,000 $69.50 $347,500
Whalen James J. See Remarks November 12, 2025 Sell pre-set plan 1,438 $71.50 $102,817

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Shift4 Payments, Inc. disclosed in the last 12 months; 5 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded November 30, 2022, filed December 29, 2022
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded September 24, 2021, filed October 12, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded August 20, 2021, filed September 10, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 8, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • April 29, 2025
  • February 18, 2025

Recent SEC filings

Data status

When each part of this page on Shift4 Payments, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Shift4 Payments, Inc. in brief

What does Shift4 Payments, Inc. do?
Shift4 Payments, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is Shift4 Payments, Inc.'s stock ticker?
Shift4 Payments, Inc. trades under the ticker FOUR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Shift4 Payments, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Shift4 Payments, Inc. reported revenue of $4.8B, 32.4% higher than a year earlier, according to its SEC filings.
What is Shift4 Payments, Inc.'s free cash flow?
Shift4 Payments, Inc.'s free-cash-flow margin is 12.0% of revenue over the trailing twelve months, ranking 19 of the 25 transaction & payment processing services companies we cover.
Who are Shift4 Payments, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Darlington Partners Capital Management, LP, Blackrock, Inc. and Durable Capital Partners LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Shift4 Payments, Inc.'s market cap?
On December 31, 2025, Shift4 Payments, Inc.'s market capitalisation was about $84M, with a price-to-earnings ratio of 0.7 and net debt of $3.6B. Market figures come from third-party market data and may be delayed.
How much debt does Shift4 Payments, Inc. have?
Shift4 Payments, Inc.'s debt-to-equity ratio is 278.8%, from its latest balance sheet (637.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Shift4 Payments, Inc.'s competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Shift4 Payments, Inc. are Corpay, Euronet Worldwide, Inc., Affirm Holdings, Inc., Western Union Co and WEX Inc. The side-by-side comparison below sets their revenue, margins and growth against Shift4 Payments, Inc.'s.
Are insiders buying or selling Shift4 Payments, Inc. stock?
Over the last 12 months, Shift4 Payments, Inc.'s directors and officers reported 6 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Shift4 Payments, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Shift4 Payments, Inc. announces its own schedule.