10-K · February 27, 2026
Shift4 Payments, Inc. reported a significant increase in revenue for the year ended December 31, 2025, driven primarily by acquisitions and growth in both payments-based and subscription revenues. The company's recent…
Earnings analysis · 10-Q
FOUR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Shift4 Payments, Inc. reported strong results for Q1 2026, with revenues reaching $1.121 billion, exceeding consensus estimates of $978.1 million. The company's diluted EPS was $0.97, outperforming estimates and the…
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Shift4 Payments, Inc. reported strong results for Q1 2026, with revenues reaching $1.121 billion, exceeding consensus estimates of $978.1 million. The company's diluted EPS was $0.97, outperforming estimates and the prior year's results, showcasing significant year-over-year growth. The company confirmed unchanged full year guidance while introducing quarterly guidance for future periods.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.97
What stood out
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Revenue Exceeds Estimates
Actual revenue of $1.121 billion surpassed the estimated $978.1 million by 14.6%.
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Strong Non-GAAP EPS Performance
The company reported a non-GAAP diluted EPS of $0.97 compared to an estimated $0.92.
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32% Year-over-Year Revenue Growth
Gross revenue increased by $273 million, or 32%, from $848 million in Q1 2025 to $1.121 billion in Q1 2026.
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Robust Payments-Based Revenue Growth
Payments-based revenue was $917 million in Q1 2026, up 21% from $756 million in Q1 2025.
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Increased Free Cash Flow
Free cash flow improved to $134 million from $96 million year-over-year.
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Acquisition Driven Growth
TFS revenue of $102 million was generated by the acquisition of Global Blue, indicating effective integration and revenue enhancement.
What to watch
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Integration Challenges Post-Acquisition
Recent acquisitions, including Global Blue and Bambora, present integration risks that could impact future performance.
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Rising Debt Levels
Total debt increased to $4.563 billion from $4.589 billion, indicating a need for careful management of leverage.
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Market Volatility Effects
Geopolitical tensions could affect consumer spending and overall economic conditions, impacting revenue streams.
Management's outlook
Unchanged full year guidance coupled with quarterly guidance announced, specifics not provided.
Earlier filings 3
10-Q · November 6, 2025
Shift4 Payments, Inc. reported strong financial results for Q3 2025, significantly exceeding expectations with revenues of $1.18 billion and EPS of $1.47, marking solid growth driven largely by the acquisition of Global…
10-Q · August 5, 2025
Shift4 Payments reported strong revenue growth in Q2 2025 with total revenue reaching $966 million, a 17% increase from the same quarter last year, driven particularly by a 15% rise in payments-based revenue. While EPS…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.