InsiderClue
Stocks · Industrials · Services-Business Services, NEC

Shift4 Payments, Inc.

FOUR Clue Score62
United States Fiscal year ends December CIK 0001794669
$40.00 +1.21% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $40.00 −41.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 5 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue560.6Operating income−13.1Net income−55.4Fiscal year 2019Revenue731.4 +30.5%Operating income−4.4Net income−56.6Fiscal year 2020Revenue766.9 +4.9%Operating income−57.6Net income−18.4Fiscal year 2021Revenue1,367.5 +78.3%Operating income−49.2Net income−48.2Fiscal year 2022Revenue1,993.6 +45.8%Operating income94.7Net income75.1Fiscal year 2023Revenue2,565.0 +28.7%Operating income115.0Net income86.0 +14.5%Fiscal year 2024Revenue3,331.0 +29.9%Operating income247.0Net income230.0 +167.4%Fiscal year 2025Revenue4,180.0 +25.5%Operating income351.0Net income119.0 −48.3%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 560.6 731.4 766.9 1,367.5 1,993.6 2,565.0 3,331.0 4,180.0
Growth +30.5% +4.9% +78.3% +45.8% +28.7% +29.9% +25.5%
Operating income −13.1 −4.4 −57.6 −49.2 94.7 115.0 247.0 351.0
Net income −55.4 −56.6 −18.4 −48.2 75.1 86.0 230.0 119.0
Growth +14.5% +167.4% −48.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin25.1%Operating margin−2.3%Net margin−9.9%Free cash flow margin4.3%Fiscal year 2019Gross margin23.7%Operating margin−0.6%Net margin−7.7%Free cash flow margin−0.0%Fiscal year 2020Gross margin23.2%Operating margin−7.5%Net margin−2.4%Free cash flow margin−0.1%Fiscal year 2021Gross margin20.4%Operating margin−3.6%Net margin−3.5%Free cash flow margin−0.4%Fiscal year 2022Operating margin4.8%Net margin3.8%Free cash flow margin13.4%Fiscal year 2023Operating margin4.5%Net margin3.4%Free cash flow margin12.9%Fiscal year 2024Operating margin7.4%Net margin6.9%Free cash flow margin14.8%Fiscal year 2025Operating margin8.4%Net margin2.8%Free cash flow margin14.9%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 25.1% 23.7% 23.2% 20.4% n/a n/a n/a n/a
Operating margin −2.3% −0.6% −7.5% −3.6% 4.8% 4.5% 7.4% 8.4%
Net margin −9.9% −7.7% −2.4% −3.5% 3.8% 3.4% 6.9% 2.8%
Free cash flow margin 4.3% −0.0% −0.1% −0.4% 13.4% 12.9% 14.8% 14.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow25.5Capital expenditure−1.6Free cash flow23.9Fiscal year 2019Operating cash flow8.0Capital expenditure−8.2Free cash flow−0.2 −100.8%Buybacks0.0Fiscal year 2020Operating cash flow4.0Capital expenditure−4.8Free cash flow−0.8Buybacks0.0Fiscal year 2021Operating cash flow3.0Capital expenditure−8.2Free cash flow−5.2Buybacks−19.5Fiscal year 2022Operating cash flow275.4Capital expenditure−8.0Free cash flow267.4Buybacks−185.9Fiscal year 2023Operating cash flow346.0Capital expenditure−14.0Free cash flow332.0 +24.2%Buybacks−105.0Fiscal year 2024Operating cash flow500.0Capital expenditure−7.0Free cash flow493.0 +48.5%Buybacks−146.0Fiscal year 2025Operating cash flow634.0Capital expenditure−10.0Free cash flow624.0 +26.6%Buybacks−453.0
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 25.5 8.0 4.0 3.0 275.4 346.0 500.0 634.0
Capital expenditure −1.6 −8.2 −4.8 −8.2 −8.0 −14.0 −7.0 −10.0
Free cash flow 23.9 −0.2 −0.8 −5.2 267.4 332.0 493.0 624.0
Growth −100.8% +24.2% +48.5% +26.6%
Buybacks n/a 0.0 0.0 −19.5 −185.9 −105.0 −146.0 −453.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Shareholders’ equity35.9Fiscal year 2019Cash3.7Total debt640.4Net cash (debt)−636.7Shareholders’ equity−32.9Fiscal year 2020Cash927.8Total debt1,006.3Net cash (debt)−78.5Shareholders’ equity459.6Debt to equity2.19Fiscal year 2021Cash1,231.5Total debt1,738.5Net cash (debt)−507.0Shareholders’ equity272.8Debt to equity6.37Fiscal year 2022Cash702.5Total debt1,741.9Net cash (debt)−1,039.4Shareholders’ equity347.3Debt to equity5.02Fiscal year 2023Cash455.0Total debt1,750.2Net cash (debt)−1,295.2Shareholders’ equity653.3Debt to equity2.68Fiscal year 2024Cash1,212.0Total debt2,841.0Net cash (debt)−1,629.0Shareholders’ equity807.0Debt to equity3.52Fiscal year 2025Cash964.0Total debt4,546.0Net cash (debt)−3,582.0Shareholders’ equity1,442.0Debt to equity3.15
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 3.7 927.8 1,231.5 702.5 455.0 1,212.0 964.0
Total debt n/a 640.4 1,006.3 1,738.5 1,741.9 1,750.2 2,841.0 4,546.0
Net cash (debt) n/a −636.7 −78.5 −507.0 −1,039.4 −1,295.2 −1,629.0 −3,582.0
Shareholders’ equity 35.9 −32.9 459.6 272.8 347.3 653.3 807.0 1,442.0
Debt to equity n/a n/a 2.19 6.37 5.02 2.68 3.52 3.15

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
25.1% 23.7% 23.2% 20.4% n/a n/a n/a n/a
−2.3% −0.6% −7.5% −3.6% 4.8% 4.5% 7.4% 8.4%
−10.6% −7.5% −14.8% −5.6% 4.4% 4.7% −0.0% 4.7%
−9.9% −7.7% −2.4% −3.5% 3.8% 3.4% 6.9% 2.8%
4.3% −0.0% −0.1% −0.4% 13.4% 12.9% 14.8% 14.9%
Spending
0.3% 0.2% 0.2% 0.1% 0.0% 0.0% 0.1% 0.1%
14.2% 16.0% 24.3% 16.1% 13.4% 12.8% 13.8% 16.3%
0.3% 1.1% 0.6% 0.6% 0.4% 0.5% 0.2% 0.2%
n/a n/a n/a n/a 0.2% −2.5% n/a 24.6%
Returns
−154.3% n/a −4.0% −17.7% 21.6% 13.2% 28.5% 8.3%
n/a −7.2% −1.0% −2.1% 2.9% 2.5% 4.6% 1.4%
Balance and payout
n/a n/a 2.19 6.37 5.02 2.68 3.52 3.15
n/a 98.7% 62.3% 82.9% 81.2% 74.4% 79.8% 77.5%
n/a n/a n/a n/a 69.5% 31.6% 29.6% 72.6%