Filing Flows › Shift4 Payments (FOUR) › Q4 2025
Shift4 Payments (FOUR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Shift4 Payments (FOUR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +1% from the quarter before. Operating margin was 10.8%, net earnings $40.2M (3.4% of revenue).
Shift4 Payments, Q4 2025: revenue $1.2B (+34% year over year), operating margin 10.8%, net earnings $40.2M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +1% | +34% |
| Operating profit | $128M | +12% | +49% |
| Net earnings | $40.2M | +43% | -65% |
| Operating cash flow | $224M | +30% | +71% |
| Free cash flow | $222M | +34% | +72% |
What changed
Revenue was $1.2B in Q4 2025, up 34% year over year and up 1% from the previous quarter.
Operating profit was $0.13B, a 10.8% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 10% margin then. Total costs grew 32% against revenue growth of 34%. The fastest-growing cost line was General & admin (+69%). Net earnings were $0.04B, down 65% year over year. The effective tax rate was 21.4%.
Operating cash flow was $0.22B (up 71% year over year), 422% of net income including minority interests. Non-cash charges added back $0.13B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $1.2M left free cash flow of $0.22B.
Questions
What was Shift4 Payments' revenue in the fourth quarter 2025?
Shift4 Payments (FOUR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +1% from the quarter before.
Was Shift4 Payments profitable in the fourth quarter 2025?
Operating profit was $128M (10.8% of revenue) and net earnings $40.2M.
Source: Shift4 Payments 10-K on SEC EDGAR.