Shift4 Payments, Inc.

FOUR Technology Software Infrastructure

Shift4 Payments, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 25.5% from fiscal 2024. In the quarter to June 2026, revenue grew 34.1%, EPS fell 77.1%, free cash flow fell 109.1% and total debt rose 20.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

39.43 0.09 +0.23%
Market cap
$3.1B
P/E
62.6×
Fwd P/E
19.1×
Dividend yield
—
F-score
5/9
Altman Z
1.04
Beneish M
−1.88
Dividend safety
n/a

Insider Decisions trades per month

Total buys 33.61
Total sells 1.28
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 2 — 1 — — — — —
Sell 1 2 — — — — — — — — — —
Insider Ownership 64.95%

Capital & Financial Ratios $m

Market Cap 3,110.00
Revenue 4,782.00
Net Income 122.00
Free Cash Flow 311.00
Net Debt 4,155.00
Current Ratio 1.21
Debt/Equity 2.60 (above 2: weak)
P/E ratio 62.59 (above 35: high)
Fwd P/E 19.10
P/S ratio 1.31
P/B ratio 3.60
Past 5Y EPS Growth —
This Y EPS Growth 0.63%
Next Y EPS Growth 18.06% (at or above 15%: strong)
Next Y revenue growth 22.42% (at or above 10%: strong)
Next 5Y EPS Growth 12.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 87.88%
10-year low 10-year high
P/S against its own 10 years 12.63%
10-year low 10-year high
P/B against its own 10 years 8.91%
10-year low 10-year high
EV/Sales against its own 10 years 35.19%
10-year low 10-year high
EV/FCF against its own 10 years 70.89%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 539 1,212 964 356
Receivables 257 349 742 809
Inventory 3 9 — —
Other 321 298 350 753
1,153 1,910 2,181 2,071
2023 2024 2025 Q'26
Payables 205 248 679 633
ST’ Debt — 687 10 10
Other 389 297 366 759
704 1,379 1,314 1,710

Compound Annual Growth %

10y 5y 3y
Sales — 40.37% 27.99%
Cash Flow — 175.43% 32.04%
Earnings — 0.00% 1.70%
Book Value — 23.78% 59.41%

Revenue $m

Mar Jun Sep Dec Year
’26 1,121 1,295 — — —
’25 848 966 1,177 1,189 4,180
’24 707 827 909 887 3,331
’23 547 637 675 706 2,565
’22 402 507 547 538 1,994
’21 239 351 378 399 1,368
’20 199 142 215 211 767
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 134 63 — — —
’25 96 142 172 224 634
’24 115 112 143 131 500
’23 79 92 112 63 346
’22 31 40 65 140 275
’21 (7) (1) 14 (3) 3
’20 10 (3) 10 (13) 4
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 66 (9) — — —
’25 47 99 98 156 400
’24 75 71 94 88 327
’23 51 57 69 30 208
’22 12 12 34 113 171
’21 (22) (18) (8) (24) (72)
’20 6 (6) 1 (27) (25)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.01) 0.08 — — —
’25 0.11 0.32 0.17 0.36 1.08
’24 0.31 0.58 0.74 1.44 3.03
’23 0.24 0.42 0.55 0.21 1.43
’22 (0.13) 0.18 0.57 0.46 1.05
’21 (0.62) 0.05 (0.17) (0.18) (0.89)
’20 (0.11) (0.03) (0.12) (0.28) (0.43)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — 30.00 48.58 29.39 42.91 55.87 61.23

Analyst estimates 2026–2028

Powerpack
High — — — — 75.45 104.11 66.86 76.51 116.85 127.50
People
People Employees — — — 738 1,311 1,753 2,300 3,030 4,000 6,300
Revenue/emp, $m — — 0.00 0.99 0.58 0.78 0.87 0.85 0.83 0.66
Income, $m
Income, $m Revenue — — 561 731 767 1,368 1,994 2,565 3,331 4,180
Gross margin, % — — 25.10 23.71 23.18 20.36 23.59 26.82 29.21 34.16
EBT — — (59) (55) (114) (77) 87 120 (1) 195
EBT margin, % — — (10.61) (7.51) (14.84) (5.64) 4.36 4.68 (0.03) 4.67
Net income — 0 (55) (57) (111) (74) 87 123 295 147
Depreciation — — 75 69 90 110 157 242 306 456
Per share, $
Per share, $ Revenue — — 12.19 15.90 17.03 24.90 35.49 42.98 49.22 61.42
Earnings — — (1.19) (1.23) (0.43) (0.89) 1.34 1.45 3.36 1.15
Cash flow — — 0.55 0.17 0.09 0.05 4.90 5.80 7.39 9.32
Capex — — (0.12) (0.36) (0.64) (1.37) (1.86) (2.31) (2.56) (3.44)
Free cash flow — — 0.43 (0.19) (0.56) (1.31) 3.04 3.49 4.83 5.88
Book value — — 0.00 (0.72) 14.88 7.28 8.56 14.55 15.04 28.61
Shares, m — — 46 46 45 55 56 60 68 68
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 38.80 49.90 31.07 59.71
P/S — — 0.00 0.00 4.43 2.33 1.48 1.71 2.11 1.03
P/B — — 0.00 0.00 5.07 7.96 6.12 5.04 6.90 2.20
EV/Sales — — 0.82 0.82 4.53 2.70 1.96 2.18 2.60 1.88
EV/FCF — — 26.07 26.07 (138.95) (51.23) 22.89 26.65 26.46 19.67
Cash, $m
Cash, $m Operating cash flow — — 26 8 4 3 275 346 500 634
Capex — — (6) (17) (29) (75) (104) (138) (173) (234)
Free cash flow — — 20 (9) (25) (72) 171 208 327 400
Balance, $m
Balance, $m Working capital — — (28) (23) 934 1,270 723 449 531 867
Total debt — — 554 640 1,006 1,744 1,747 1,750 2,841 4,546
Net debt — — 549 637 79 512 970 1,211 1,629 3,582
Shareholders’ equity — — — (33) 670 400 481 868 1,018 1,947
Returns, %
Returns, % ROA — — 0.00 (14.44) (1.44) (2.34) 3.07 2.89 5.46 1.15
ROIC — — (1.49) (0.46) (4.81) (3.37) 4.08 3.46 5.83 3.97
ROE — — (1,385.00) (1,397.53) (5.78) (9.01) 17.06 12.75 24.39 7.93
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Shift4 Payments, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WIX Wix.com Ltd. $3.4B — (loss-making) — (loss-making) +14.93% (above 0%: growing) n/m −64.35% (below 0%: shrinking) 65.77% (10.44%) Compare
AVPT AvePoint, Inc. $3.2B 43.4× 42.5× +22.03% (above 0%: growing) +1,200.00% (above 0%: growing) −25.04% (below 0%: shrinking) 73.10% 8.21% Compare
APPN Appian Corporation $3.1B — (loss-making) — (loss-making) +19.11% (above 0%: growing) n/m +416.88% (above 0%: growing) 71.21% (2.68%) Compare
FOUR Shift4 Payments, Inc. $3.1B 62.6× 19.1× +34.06% (above 0%: growing) −77.14% (below 0%: shrinking) −109.09% (below 0%: shrinking) 34.44% 7.34%
PAGS PagSeguro Digital Ltd. $3.1B 7.7× 5.3× +12.61% (above 0%: growing) +21.88% (above 0%: growing) −67.14% (below 0%: shrinking) 53.43% 38.71% Compare
TCGL TechCreate Group Ltd. $3.1B — — — — — — — Compare
TDC Teradata Corporation $2.9B 6.2× 7.8× +0.49% (above 0%: growing) +444.44% (above 0%: growing) +169.23% (above 0%: growing) 59.27% 11.71% Compare
CLBT Cellebrite DI Ltd. $2.9B 46.0× 46.1× +15.77% (above 0%: growing) −62.50% (below 0%: shrinking) −79.43% (below 0%: shrinking) 80.78% 5.30% Compare
NTCT NetScout Systems, Inc. $2.8B 22.8× 29.6× +12.68% (above 0%: growing) n/m −38.15% (below 0%: shrinking) 78.86% 6.88% Compare
Median of peers $3.1B 22.8× 29.6× +14.93% +233.16% −38.15% 71.21% 6.88%

All 173 Software Infrastructure stocks →

Shift4 Payments, Inc. (FOUR) key facts

  • Strength: Shift4 Payments, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 25.5% from fiscal 2024.
  • Shift4 Payments, Inc. (FOUR) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FOUR traded at $39.43, a market capitalization of $3.1 billion.
  • Return on equity was 7.93% and debt-to-equity 2.60.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.04 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Shift4 Payments, Inc. (FOUR) Latest News

13 Aug

24 Jun

10 May

stockrow.com/FOUR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com