Shift4 Payments, Inc. income statement
In fiscal 2025, Shift4 Payments, Inc. reported revenue of $4.18bn, up 25.5% on the year before, operating income of $351m (a 8.4% margin) and net income of $119m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 561 | 731 | 767 | 1,368 | 1,994 | 2,565 | 3,331 | 4,180 | 4,782 |
| Cost of revenue | 420 | 558 | 589 | 1,089 | — | — | — | — | — |
| Gross profit | 141 | 173 | 178 | 278 | — | — | — | — | — |
| Research and development | 2 | 2 | 1 | 2 | 1 | 1 | 4 | 6 | — |
| General and administrative | 80 | 117 | 187 | 220 | 267 | 329 | 459 | 682 | 845 |
| Operating income | −13 | −4 | −58 | −49 | 95 | 115 | 247 | 351 | 388 |
| Interest expense | 47 | 52 | 40 | 28 | 33 | 32 | 62 | 190 | 252 |
| Income before tax | −60 | −55 | −114 | −77 | 87 | 120 | −1 | 195 | 153 |
| Income tax | −4 | 2 | −2 | −3 | 0 | −3 | −296 | 48 | 31 |
| Net income | −55 | −57 | −18 | −48 | 75 | 86 | 230 | 119 | 105 |
| Diluted shares (average) | — | — | — | — | 2m | 2m | 2m | 1m | — |
| EBITDA | 58 | 58 | 27 | 55 | 244 | 330 | 544 | 783 | 920 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 909 | 887 | 848 | 966 | 1,177 | 1,189 | 1,121 | 1,295 |
| General and administrative | 118 | 124 | 153 | 131 | 188 | 209 | 216 | 231 |
| Operating income | 80 | 86 | 25 | 83 | 115 | 128 | 50 | 95 |
| Interest expense | 18 | 28 | 29 | 39 | 61 | 61 | 65 | 65 |
| Income before tax | −208 | 125 | 11 | 56 | 61 | 67 | −12 | 37 |
| Income tax | −281 | −15 | −9 | 15 | 27 | 14 | −24 | 13 |
| Net income | 54 | 116 | 17 | 34 | 28 | 40 | 15 | 22 |
| EBITDA | 158 | 170 | 110 | 171 | 240 | 261 | 185 | 234 |
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