Filing Flows › Shift4 Payments (FOUR) › Q3 2026 › vs Q3 2025
Shift4 Payments (FOUR) Q3 2026 vs Q3 2025 (year over year)
Shift4 Payments's revenue rose $142M (+12%) from $1.2B in Q3 2025 to $1.3B in Q3 2026. The biggest changes: Payments-based revenue +$145M (+16%); Subscription and other revenue −$12.0M (-10%); TFS revenue +$9.0M (+7%). Operating margin 9.9% against 9.8% (+0.1 pts).
Shift4 Payments, Q3 2026: revenue $1.3B (+12% year over year), operating margin 9.9%, net earnings $38.0M, operating cash flow $221M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.9% | 9.8% | +0.1 pts |
| Net margin | 2.9% | 2.4% | +0.5 pts |
| Free cash flow margin | 16.4% | 14.0% | +2.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Payments-based revenue | $1.1B | $928M | $145M | +16% |
| TFS revenue | $139M | $130M | $9.0M | +7% |
| Subscription and other revenue | $107M | $119M | −$12.0M | -10% |
| Revenue | $1.3B | $1.2B | $142M | +12% |
| Operating profit | $130M | $115M | $15.0M | +13% |
| Costs & expenses | $1.2B | $1.1B | $127M | +12% |
| Pre-tax earnings | $66.0M | $61.0M | $5.0M | +8% |
| Other expense, net | $64.0M | $54.0M | $10.0M | +19% |
| Cost of revenue | $860M | $748M | $112M | +15% |
| Sales & marketing | $12.0M | $7.0M | $5.0M | +71% |
| General & admin | $216M | $189M | $27.0M | +14% |
| Other operating costs | $101M | $118M | −$17.0M | -14% |
| Net earnings | $38.0M | $28.0M | $10.0M | +36% |
| Minority interests | $2.0M | $5.0M | −$3.0M | -60% |
| Income tax | $26.0M | $28.0M | −$2.0M | -7% |
| Depreciation & amortization | $129M | $125M | $4.0M | +3% |
| Share-based compensation | $19.0M | $16.0M | $3.0M | +19% |
| Working capital & other | $35.0M | $3.0M | $32.0M | 12× |
| Operating cash flow | $221M | $172M | $49.0M | +28% |
| Free cash flow (OCF − capex) | $216M | $165M | $51.0M | +31% |
| Capital expenditures | $5.0M | $7.0M | −$2.0M | -29% |
Questions
How much did Shift4 Payments's revenue grow year over year in Q3 2026?
Shift4 Payments's revenue rose $142M (+12%) from $1.2B in Q3 2025 to $1.3B in Q3 2026.
What drove Shift4 Payments's revenue change in Q3 2026?
Payments-based revenue +$145M (+16%); Subscription and other revenue −$12.0M (-10%); TFS revenue +$9.0M (+7%).