Filing Flows › Shift4 Payments (FOUR) › Q2 2025
Shift4 Payments (FOUR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Shift4 Payments (FOUR) reported revenue of $966M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +14% from the quarter before. Operating margin was 8.6%, net earnings $34.0M (3.5% of revenue).
Shift4 Payments, Q2 2025: revenue $966M (+17% year over year), operating margin 8.6%, net earnings $34.0M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $966M | +14% | +17% |
| Operating profit | $83.0M | +232% | +40% |
| Net earnings | $34.0M | +100% | -13% |
| Operating cash flow | $142M | +48% | +27% |
| Free cash flow | $141M | +49% | +29% |
What changed
Revenue was $966.0M in Q2 2025, up 17% year over year and up 14% from the previous quarter. Payments-based revenue was the largest line at 90% of revenue. Payments-based revenue added $112.7M year over year (up 15%), 81% of the total change.
Operating profit was $83.0M, a 8.6% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 7% margin then. Total costs grew 15% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+79%). Net earnings were $34.0M, down 13% year over year. The effective tax rate was 26.8%.
Operating cash flow was $142.0M (up 27% year over year), 346% of net income including minority interests. Non-cash charges added back $88.0M of depreciation and amortization and $15.0M of share-based compensation. Capital expenditures of $900K left free cash flow of $141.1M.
Questions
What was Shift4 Payments' revenue in the second quarter 2025?
Shift4 Payments (FOUR) reported revenue of $966M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +14% from the quarter before.
Was Shift4 Payments profitable in the second quarter 2025?
Operating profit was $83.0M (8.6% of revenue) and net earnings $34.0M.
Source: Shift4 Payments 10-Q on SEC EDGAR.