FOURNYSEServices-Business Services, NECFiscal year ends December 31Also trades as FOUR.PA
Shift4 Payments, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$39.77+0.34 (+0.86%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
34.2%+11.0 pts over 5 years
Operating margin
8.4%+15.9 pts over 5 years
Net margin
2.8%+5.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +25.5% | +28.0% | +40.4% | – | |
| Gross profit | +46.8% | +44.8% | +51.7% | – | |
| Operating income | +42.1% | +54.8% | – | – | |
| Net income | -48.3% | +16.6% | – | – | |
| Free cash flow | +26.6% | +32.6% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -8.6% | 10.6% | |
| Return on assets | – | -1.4% | 1.7% | |
| Current ratio | – | 10.40 | 1.66 | |
| Debt to equity | – | 2.19 | 3.15 | |
| Net debt to EBITDA | – | 2.95× | 4.57× | |
| Interest coverage | -0.3× | -1.4× | 1.8× | |
| Inventory turnover | – | 117.8× | – | |
| Capex to revenue | 0.3% | 0.6% | 0.2% | |
| Diluted shares | – | – | 1M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Shift4 Payments generated $1.76B from operations and spent $956.60M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$1.76B
Used
$956.60M
Capital expenditure$47.20M5%Dividends$00%Share buybacks$909.40M95%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.8%
×Asset turnover0.61×
×Equity multiplier6.12×
=Return on equity, FY202510.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.8% | 0.61× | 6.12× | 10.6% |
| FY2024 | 6.9% | 0.79× | 5.77× | 31.5% |
| FY2023 | 3.4% | 0.86× | 5.94× | 17.2% |
| FY2022 | 3.8% | 0.81× | 7.90× | 24.2% |
| FY2021 | -3.5% | 0.66× | 5.63× | -13.2% |
| FY2020 | -2.4% | 0.60× | 6.01× | -8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$119.00M
- Cash generatingOperating cash flow above zero$634.00M
- Return on assets improvedROA up on the prior year6.8% → 2.4%
- Earnings backed by cashOperating cash flow above net income$634.00M vs $119.00M
- Less leverageLong-term debt to assets fell42.7% → 52.1%
- Better liquidityCurrent ratio rose1.39 → 1.66
- No dilutionShare count did not rise2M → 1M
- Gross margin improvedGross margin up on the prior year29.21% → 34.16%
- More efficientAsset turnover rose0.98 → 0.83