Filing Flows › Shift4 Payments (FOUR) › Q3 2025
Shift4 Payments (FOUR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Shift4 Payments (FOUR) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +29% from a year earlier and +22% from the quarter before. Operating margin was 9.7%, net earnings $28.1M (2.4% of revenue).
Shift4 Payments, Q3 2025: revenue $1.2B (+29% year over year), operating margin 9.7%, net earnings $28.1M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +22% | +29% |
| Operating profit | $115M | +38% | +43% |
| Net earnings | $28.1M | -17% | -48% |
| Operating cash flow | $172M | +21% | +21% |
| Free cash flow | $166M | +18% | +18% |
What changed
Revenue was $1.2B in Q3 2025, up 29% year over year and up 22% from the previous quarter. Payments-based revenue was the largest line at 90% of revenue. Payments-based revenue added $0.25B year over year (up 31%), 94% of the total change.
Operating profit was $0.11B, a 9.7% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 9% margin then. Total costs grew 28% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+89%). Net earnings were $0.03B, down 48% year over year. The effective tax rate was 44.8%.
Operating cash flow was $0.17B (up 21% year over year), 516% of net income including minority interests. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.01B left free cash flow of $0.17B.
Questions
What was Shift4 Payments' revenue in the third quarter 2025?
Shift4 Payments (FOUR) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +29% from a year earlier and +22% from the quarter before.
Was Shift4 Payments profitable in the third quarter 2025?
Operating profit was $115M (9.7% of revenue) and net earnings $28.1M.
Source: Shift4 Payments 10-Q on SEC EDGAR.