Shift4 Payments, Inc. (FOUR) Stock Analysis
Technology · Software - Infrastructure · NYSE
Shift4 Payments, Inc. (FOUR) posted $4.18B in revenue for fiscal 2025 (up 25.5% year over year), at a 1.9% net margin, and has compounded revenue about 40.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Shift4 Payments, Inc.
Shift4 Payments, Inc. has grown revenue from $560.60M to $4.18B over the last 8 fiscal years, compounding about 40.4% a year. The most recent year was up 25.5%, so growth has cooled from its longer-run pace.
Net margin sits at 1.9%, down 5 points year over year. It carries about $4.55B of total debt.
At today's valuation the market is pricing in roughly -10% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Shift4 Payments, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Shift4 Payments, Inc. revenue & earnings — last 8 fiscal years
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $560.60M | $731.40M | $766.90M | $1.37B | $1.99B | $2.56B | $3.33B | $4.18B |
| Gross profit | $140.70M | $173.40M | $177.80M | $278.40M | — | — | — | — |
| Net income | $-55.40M | $-56.60M | $-18.40M | $-48.20M | $75.10M | $86.20M | $229.60M | $79.00M |
| Net margin | -9.9% | -7.7% | -2.4% | -3.5% | 3.8% | 3.4% | 6.9% | 1.9% |
Source: Shift4 Payments, Inc. SEC filings (10-K).
Shift4 Payments, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 112.6% while revenue rose 25.5% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Heavy debt loadTotal debt of $4566M is 7.2× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into FOUR stock?
At today's market cap of $3.58B, Shift4 Payments, Inc. is priced for free-cash-flow growth of about -10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $624.00M from the FY ending 2025-12-31). For comparison, revenue 40.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 8 years of Shift4 Payments, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Shift4 Payments, Inc. financial history by metric
Compare Shift4 Payments, Inc. with peers
About Shift4 Payments, Inc.
Shift4 Payments, Inc. engages in the provision of software and payment processing solutions in the United States and internationally. The company offers a payments platform, which provides omnichannel card acceptance; and processing solutions across multiple payment types, including credit, debit, contactless card, Europay, MasterCard and Visa, QR Pay, and mobile wallets, as well as alternative payment methods, such as Apple Pay, Google Pay, Alipay, and WeChat Pay. It also provides technology solutions, such as SkyTab POS, which provides purpose-built POS workstations; SkyTab Mobile, which provides pay-at-the-table, order-at-the-table, delivery, customer feedback, and email marketing solutions; SkyTab Venue, which provides mobile ordering, countertop POS, self-service kiosk, and digital wallet solutions; Lighthouse, a cloud-based suite of business intelligence tools that includes customer engagement, social media management, online reputation management, scheduling and product pricing, extensive reporting, and analytics; The Giving Block, a cryptocurrency donation marketplace; Shift4Shop, an e-commerce platform that creates a web store and tools to manage product catalog, order fulfillment and inventory management, search engine optimization, and secure hosting; and Marketplace, which enables integrations into third-party applications, as well as loyalty and inventory management. In addition, the company offers merchant operations and support services, including underwriting, onboarding, and activation; training; risk management; and support services. Further, it provides software partner operations and support services, including software integrations and compliance management; partner support; and partner services. The company distributes its products through independent software vendors, internal sales and support networks, enterprises, and value-added resellers. Shift4 Payments, Inc. was founded in 1999 and is headquartered in Center Valley, Pennsylvania.
Shift4 Payments, Inc. — frequently asked questions
What is Shift4 Payments, Inc.'s revenue?
Shift4 Payments, Inc. (FOUR) reported revenue of $4.18B for fiscal year 2025, up 25.5% from the prior year, according to its SEC filings.
Is Shift4 Payments, Inc. profitable?
Yes. FOUR earned net income of $79.00M in fiscal 2025, a net margin of 1.9%.
What is FOUR's P/E ratio?
Shift4 Payments, Inc. trades at a price-to-earnings ratio of about 41.5 based on the latest data in our nightly-refreshed cache.
How fast is Shift4 Payments, Inc. growing?
FOUR's revenue grew at roughly 40.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Shift4 Payments, Inc. have?
As of fiscal year 2025, FOUR carried roughly $4.55B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Shift4 Payments, Inc.'s market cap?
Shift4 Payments, Inc. (FOUR) has a market capitalization of about $3.58B, based on the latest data in our nightly-refreshed cache.
When does Shift4 Payments, Inc.'s fiscal year end?
FOUR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FOUR stock?
At today's market cap of $3.58B, Shift4 Payments, Inc. is priced for free-cash-flow growth of about -10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $624.00M from the FY ending 2025-12-31). For comparison, revenue 40.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Shift4 Payments, Inc.'s official SEC filings (10-K and 10-Q), covering 8 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.