Filing Flows › Shift4 Payments (FOUR) › Q1 2025
Shift4 Payments (FOUR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Shift4 Payments (FOUR) reported revenue of $848M for the first quarter 2025 (Q1 2025), +20% from a year earlier and -4% from the quarter before. Operating margin was 2.9%, net earnings $17.0M (2.0% of revenue).
Shift4 Payments, Q1 2025: revenue $848M (+20% year over year), operating margin 2.9%, net earnings $17.0M, operating cash flow $96.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $848M | -4% | +20% |
| Operating profit | $25.0M | -71% | +17% |
| Net earnings | $17.0M | -85% | -17% |
| Operating cash flow | $96.0M | -27% | -17% |
| Free cash flow | $94.5M | -27% | -17% |
What changed
Revenue was $848.0M in Q1 2025, up 20% year over year and down 4% from the previous quarter. Payments-based revenue was the largest line at 89% of revenue. Payments-based revenue added $100.6M year over year (up 15%), 72% of the total change.
Operating profit was $25.0M, a 2.9% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 3% margin then. Total costs grew 20% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+59%). Net earnings were $17.0M, down 17% year over year. The effective tax rate was -68.1%.
Operating cash flow was $96.0M (down 17% year over year), 480% of net income including minority interests. Non-cash charges added back $85.0M of depreciation and amortization and $26.0M of share-based compensation. Working capital and other items used $35.0M. Capital expenditures of $1.5M left free cash flow of $94.5M.
Questions
What was Shift4 Payments' revenue in the first quarter 2025?
Shift4 Payments (FOUR) reported revenue of $848M for the first quarter 2025 (Q1 2025), +20% from a year earlier and -4% from the quarter before.
Was Shift4 Payments profitable in the first quarter 2025?
Operating profit was $25.0M (2.9% of revenue) and net earnings $17.0M.
Source: Shift4 Payments 10-Q on SEC EDGAR.