Filing Flows › Shift4 Payments (FOUR) › How it makes money
How Shift4 Payments (FOUR) makes money
Shift4 Payments (FOUR) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Payments-based revenue brought in $1.1B (81%); TFS revenue brought in $139M (11%); Subscription and other revenue brought in $107M (8%). Of every dollar of revenue, 10¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Payments-based revenue | $1.1B | 81.3% | 0% | +16% |
| TFS revenue | $139M | 10.5% | +19% | +7% |
| Subscription and other revenue | $107M | 8.1% | +2% | -10% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Operating profit | $130M | 9.9% |
| Income tax | $26.0M | 2.0% |
| Net earnings | $38.0M | 2.9% |
| Operating cash flow | $221M | 16.8% |
| Free cash flow | $216M | 16.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.3B | +12% |
| Q2 2026 | $1.3B | +34% |
| Q1 2026 | $1.1B | +32% |
| Q4 2025 | $1.2B | +34% |
| Q3 2025 | $1.2B | +29% |
| Q2 2025 | $966M | +17% |
| Q1 2025 | $848M | +20% |
From Shift4 Payments' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Shift4 Payments make money?
Shift4 Payments (FOUR) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Payments-based revenue brought in $1.1B (81%); TFS revenue brought in $139M (11%); Subscription and other revenue brought in $107M (8%). Of every dollar of revenue, 10¢ was left as operating profit, 3¢ was left as net earnings.
What is Shift4 Payments' biggest business?
Payments-based revenue: $1.1B in the third quarter 2026, 81% of revenue, +16% from a year earlier.
What is Shift4 Payments' profit margin?
Net earnings were $38.0M, 2.9% of revenue, in the third quarter 2026; the operating margin was 9.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.