Shift4 Payments (FOUR) Financials

$87.52 +0.18 (+0.21%)

Closing price 05/22/2025 03:59 PM Eastern

Extended Trading

$85.60 -1.91 (-2.19%)

As of 09:24 AM Eastern

Annual Income Statements for Shift4 Payments

This table shows Shift4 Payments' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Income / (Loss) Attributable to Common Shareholders	230	86	75	-48	-18	0.00	0.00
Consolidated Net Income / (Loss)	295	123	87	-74	-111	-57	-55
Net Income / (Loss) Continuing Operations	295	123	87	-74	-111	-57	-55
Total Pre-Tax Income	-1.60	120	87	-77	-114	-55	-60
Total Operating Income	247	115	95	-49	-58	-4.40	-13
Total Gross Profit	973	688	470	278	178	173	141
Total Revenue	3,331	2,565	1,994	1,368	767	731	561
Operating Revenue	3,331	2,565	1,994	1,368	767	731	561
Total Cost of Revenue	2,358	1,877	1,523	1,089	589	558	420
Operating Cost of Revenue	2,358	1,877	1,523	1,089	589	558	420
Total Operating Expenses	726	573	376	328	235	178	154
Selling, General & Admin Expense	501	362	301	236	198	128	87
Marketing Expense	22	15	15	29	4.00	6.30	6.10
Depreciation Expense	200	154	97	62	52	40	40
Impairment Charge	0.00	19	0.00	0.00	-	-	-
Other Special Charges / (Income)	4.00	23	-37	0.20	-6.10	-	-
Total Other Income / (Expense), net	-249	4.70	-7.80	-28	-56	-51	-46
Interest Expense	62	32	33	28	57	52	47
Interest & Investment Income	100	44	26	0.00	0.00	-	-
Other Income / (Expense), net	-287	-7.30	-1.20	0.10	0.60	1.00	0.60
Income Tax Expense	-296	-3.40	0.20	-3.10	-2.40	1.70	-4.10
Net Income / (Loss) Attributable to Noncontrolling Interest	65	37	12	-26	-93	0.00	0.00
Basic Earnings per Share	$6.72	$2.90	$2.68	($1.78)	($0.86)	$0.00	$0.00
Weighted Average Basic Shares Outstanding	1.67M	1.94M	3.86M	54.92M	45.03M	0.00	0.00
Diluted Earnings per Share	$6.06	$2.86	$2.10	($1.78)	($0.86)	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	1.67M	1.94M	3.86M	54.92M	45.03M	0.00	-
Weighted Average Basic & Diluted Shares Outstanding	89.10M	86.19M	82.90M	83.30M	80.55M	-	-

This table shows Shift4 Payments' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17	116	54	39	21	14	33	25	15	29	43
Consolidated Net Income / (Loss)	20	139	72	55	29	19	47	37	20	39	46
Net Income / (Loss) Continuing Operations	20	139	72	55	29	19	47	37	20	39	46
Total Pre-Tax Income	11	124	-208	53	30	22	47	34	17	43	48
Total Operating Income	25	86	80	59	21	27	45	34	8.80	30	54
Total Gross Profit	257	286	267	232	188	195	180	167	145	144	136
Total Revenue	848	887	909	827	707	705	675	637	547	538	547
Operating Revenue	848	887	909	827	707	705	675	637	547	538	547
Total Cost of Revenue	591	601	642	595	520	510	495	470	402	394	412
Operating Cost of Revenue	591	601	642	595	520	510	495	470	402	394	412
Total Operating Expenses	232	200	187	173	166	168	136	133	137	114	82
Selling, General & Admin Expense	173	137	128	122	115	101	82	88	92	76	85
Marketing Expense	6.70	7.20	6.20	3.90	4.40	3.90	4.70	4.00	2.50	3.70	5.60
Depreciation Expense	56	56	52	47	45	43	40	36	35	34	29
Other Special Charges / (Income)	-3.70	0.10	1.50	0.30	2.10	1.60	8.90	5.60	7.00	0.60	-37
Total Other Income / (Expense), net	-14	38	-289	-6.50	8.50	-5.60	2.70	-0.40	8.00	13	-5.90
Interest Expense	29	27	18	8.10	8.10	8.00	8.00	8.00	8.10	7.90	8.30
Interest & Investment Income	13	80	9.70	5.00	5.40	16	12	8.80	7.60	21	3.50
Other Income / (Expense), net	1.80	-15	-280	-3.40	11	-13	-1.50	-1.20	8.50	-0.40	-1.10
Income Tax Expense	-8.10	-15	-281	-1.80	1.40	2.60	0.90	-3.30	-3.60	4.20	1.20
Net Income / (Loss) Attributable to Noncontrolling Interest	2.80	23	18	15	7.90	5.50	14	12	5.60	9.30	3.30
Basic Earnings per Share	$0.48	$3.36	$1.56	$1.18	$0.62	$0.40	$1.12	$0.86	$0.52	$1.00	$1.56
Weighted Average Basic Shares Outstanding	69.15M	1.67M	68.45M	66.13M	66.14M	1.94M	58.30M	58.98M	57.48M	3.86M	55.15M
Diluted Earnings per Share	$0.40	$2.80	$1.48	$1.16	$0.62	$0.44	$1.10	$0.84	$0.48	$0.86	$1.14
Weighted Average Diluted Shares Outstanding	92.16M	1.67M	91.02M	67.25M	67.66M	1.94M	59.43M	60.24M	84.48M	3.86M	81.45M
Weighted Average Basic & Diluted Shares Outstanding	88.62M	89.10M	90.10M	88.59M	87.55M	86.19M	82.43M	82.06M	83.19M	82.90M	82.46M

This table details how cash moves in and out of Shift4 Payments' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Change in Cash & Equivalents	717	-55	-455	304	924	-1.10	-4.60
Net Cash From Operating Activities	500	346	275	3.00	4.00	8.00	26
Net Cash From Continuing Operating Activities	500	346	275	3.00	4.00	8.00	26
Net Income / (Loss) Continuing Operations	295	123	87	-74	-111	-57	-55
Consolidated Net Income / (Loss)	295	123	87	-74	-111	-57	-55
Depreciation Expense	297	215	149	104	84	63	71
Amortization Expense	9.30	8.30	8.10	5.90	5.40	4.00	3.70
Non-Cash Adjustments To Reconcile Net Income	-46	25	20	27	59	-14	1.80
Changes in Operating Assets and Liabilities, net	-54	-25	11	-60	-33	12	4.60
Net Cash From Investing Activities	-691	-302	-517	-171	-83	-80	-41
Net Cash From Continuing Investing Activities	-691	-302	-517	-171	-83	-80	-41
Purchase of Property, Plant & Equipment	-108	-92	-62	-54	-19	-8.20	-1.60
Acquisitions	-555	-172	-135	-55	-50	-60	-1.50
Purchase of Investments	0.00	0.00	-1.50	-31	0.00	0.00	-
Sale and/or Maturity of Investments	126	15	0.00	0.00	-	-	-
Other Investing Activities, net	-155	-54	-318	-31	-14	-12	-38
Net Cash From Financing Activities	929	-110	-215	471	1,003	71	11
Net Cash From Continuing Financing Activities	929	-110	-215	471	1,003	71	11
Repayment of Debt	-24	0.00	-4.90	-16	-756	-98	-5.30
Repurchase of Common Equity	-146	-105	-186	-20	0.00	0.00	-
Payment of Dividends	-20	-2.90	0.00	0.00	-1.40	-8.70	-0.20
Issuance of Debt	1,100	0.00	0.00	633	1,302	181	20
Other Financing Activities, net	19	-1.60	-24	-126	359	-3.10	-3.20
Effect of Exchange Rate Changes	-22	11	1.00	0.00	0.00	-	-
Cash Interest Paid	24	24	24	21	-	-	-
Cash Income Taxes Paid	14	5.30	0.70	0.40	-	-	-

This table details how cash moves in and out of Shift4 Payments' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-54	-157	1,192	-299	-19	-62	58	-93	41	104	-346
Net Cash From Operating Activities	97	145	182	116	57	63	112	92	79	140	65
Net Cash From Continuing Operating Activities	97	145	182	116	57	63	112	92	79	140	65
Net Income / (Loss) Continuing Operations	20	139	72	55	29	19	47	37	20	39	46
Consolidated Net Income / (Loss)	20	139	72	55	29	19	47	37	20	39	46
Depreciation Expense	85	84	77	70	66	62	55	50	48	48	43
Amortization Expense	3.50	2.70	2.50	2.00	2.10	2.10	2.10	2.00	2.10	2.10	2.10
Non-Cash Adjustments To Reconcile Net Income	21	-36	37	10	-57	9.60	0.80	6.40	8.20	-5.50	8.70
Changes in Operating Assets and Liabilities, net	-32	-45	-6.40	-21	17	-30	7.20	-3.30	1.10	57	-35
Net Cash From Investing Activities	-85	-256	-54	-342	-40	-151	-43	-77	-31	-34	-410
Net Cash From Continuing Investing Activities	-85	-256	-54	-342	-40	-151	-43	-77	-31	-34	-410
Purchase of Property, Plant & Equipment	-32	-27	-32	-24	-26	-18	-31	-26	-17	-15	-20
Acquisitions	-3.70	-249	-4.50	-301	0.00	-133	-	-37	-1.20	-0.10	-123
Purchase of Investments	-3.00	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	0.30	122	1.50	1.00	1.60	15	-	-	0.00	-	-
Other Investing Activities, net	-47	-103	-19	-17	-16	-15	-12	-14	-13	-18	-268
Net Cash From Financing Activities	-81	-21	1,051	-71	-30	14	-9.10	-108	-7.00	-3.20	-0.40
Net Cash From Continuing Financing Activities	-81	-21	1,051	-71	-30	14	-9.10	-108	-7.00	-3.20	-0.40
Repayment of Debt	-1.20	-6.80	-	-	-	-	-	-	-	-	-
Repurchase of Common Equity	-63	-110	-20	-	-	-8.60	-	-	-	-	-
Payment of Dividends	-0.10	-13	-4.60	-1.70	-0.30	-0.20	-0.50	-0.80	-1.40	-	-
Other Financing Activities, net	-17	109	-7.00	-53	-30	23	-8.60	-11	-5.60	-3.20	-0.40
Effect of Exchange Rate Changes	15	-25	12	-2.50	-6.50	12	-1.50	0.30	0.40	1.30	-0.10

This table presents Shift4 Payments' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total Assets	5,041	3,388	2,554	2,343	1,779	784
Total Current Assets	1,910	1,153	992	1,454	1,034	106
Cash & Equivalents	1,212	455	703	1,232	928	3.70
Restricted Cash	0.00	84	74	-	-	-
Accounts Receivable	349	257	195	206	93	79
Inventories, net	8.90	3.40	4.80	3.50	1.50	8.50
Prepaid Expenses	43	33	15	13	12	8.80
Other Current Assets	298	321	0.00	-	0.00	6.80
Plant, Property, & Equipment, net	165	123	22	18	15	15
Total Noncurrent Assets	2,966	2,111	1,540	812	731	662
Goodwill	1,456	1,111	735	538	477	421
Intangible Assets	981	830	647	224	186	209
Noncurrent Deferred & Refundable Income Taxes	397	0.00	-	-	-	-
Other Noncurrent Operating Assets	133	170	30	20	31	32
Total Liabilities & Shareholders' Equity	5,041	3,388	2,554	2,343	1,779	784
Total Liabilities	4,024	2,519	2,073	1,943	1,109	774
Total Current Liabilities	1,380	704	268	184	99	130
Short-Term Debt	687	0.00	-	-	0.90	5.30
Accounts Payable	248	205	167	121	61	58
Accrued Expenses	121	82	80	43	30	61
Customer Deposits	0.00	72	0.00	-	-	-
Current Deferred Revenue	16	21	16	15	7.80	5.60
Other Current Liabilities	309	325	5.30	4.80	0.00	-
Total Noncurrent Liabilities	2,644	1,815	1,805	1,759	1,010	644
Long-Term Debt	2,154	1,750	1,742	1,739	1,005	635
Noncurrent Deferred & Payable Income Tax Liabilities	61	29	19	0.30	2.80	4.10
Other Noncurrent Operating Liabilities	429	36	45	20	1.70	4.80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,018	868	481	400	670	-33
Total Preferred & Common Equity	807	653	347	273	460	-33
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	807	653	347	273	460	-33
Common Stock	1,063	986	703	619	738	150
Retained Earnings	-228	-347	-364	-325	-279	-182
Accumulated Other Comprehensive Income / (Loss)	-28	14	8.30	0.00	-	-
Noncontrolling Interest	211	215	133	127	210	0.00

This table presents Shift4 Payments' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,004	5,049	3,494	3,408	2,650	2,591	2,615	2,486
Total Current Assets	1,844	2,095	928	1,191	1,039	973	1,049	961
Cash & Equivalents	1,167	1,426	205	523	692	649	744	673
Accounts Receivable	331	318	311	252	232	229	209	262
Prepaid Expenses	57	60	50	39	21	17	18	20
Other Current Assets	289	283	279	316	-	-	-	-
Plant, Property, & Equipment, net	201	157	145	27	28	27	24	21
Total Noncurrent Assets	2,959	2,797	2,422	2,190	1,583	1,590	1,775	1,504
Goodwill	1,472	1,324	1,300	1,107	755	757	737	777
Intangible Assets	970	903	920	799	625	645	951	562
Noncurrent Deferred & Refundable Income Taxes	396	371	-	-	-	-	-	-
Other Noncurrent Operating Assets	120	121	129	77	34	31	31	62
Total Liabilities & Shareholders' Equity	5,004	5,049	3,494	3,408	2,650	2,591	2,615	2,486
Total Liabilities	3,988	4,001	2,535	2,512	2,109	2,111	2,089	2,065
Total Current Liabilities	1,356	703	686	700	313	300	283	289
Short-Term Debt	688	-	-	-	-	-	-	-
Accounts Payable	263	252	264	224	181	189	174	177
Accrued Expenses	101	138	121	95	110	89	83	87
Current Deferred Revenue	11	22	19	15	15	16	21	20
Other Current Liabilities	294	291	283	316	6.70	6.10	5.80	4.60
Total Noncurrent Liabilities	2,631	3,298	1,849	1,812	1,796	1,811	1,805	1,776
Long-Term Debt	2,156	2,838	1,754	1,752	1,748	1,746	1,744	1,740
Noncurrent Deferred & Payable Income Tax Liabilities	44	33	31	28	17	18	13	9.30
Other Noncurrent Operating Liabilities	431	427	64	32	30	47	48	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,016	1,048	959	896	541	479	526	421
Total Preferred & Common Equity	805	812	701	675	400	357	392	303
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	805	812	701	675	400	357	392	303
Common Stock	1,067	1,049	1,006	997	749	734	730	696
Retained Earnings	-260	-258	-298	-326	-355	-388	-349	-393
Accumulated Other Comprehensive Income / (Loss)	-2.60	21	-7.10	3.50	6.30	10	10	-0.70
Noncontrolling Interest	211	236	258	221	141	123	135	118

This table displays calculated financial ratios and metrics derived from Shift4 Payments' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	29.86%	28.65%	45.78%	78.32%	4.85%	30.47%	0.00%
EBITDA Growth	-19.58%	31.79%	309.64%	87.73%	-48.42%	1.94%	0.00%
EBIT Growth	-137.40%	14.97%	290.43%	13.86%	-1,576.47%	72.80%	0.00%
NOPAT Growth	46.44%	24.96%	374.34%	14.58%	-1,209.09%	66.41%	0.00%
Net Income Growth	139.63%	41.75%	217.16%	33.57%	-96.82%	-2.17%	0.00%
EPS Growth	111.89%	36.19%	217.98%	-106.98%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	44.60%	25.64%	9,080.00%	-25.00%	-50.00%	-68.63%	0.00%
Free Cash Flow Firm Growth	29.80%	-15.54%	-369.07%	26.95%	78.15%	0.00%	0.00%
Invested Capital Growth	27.30%	48.63%	71.06%	9.26%	15.72%	0.00%	0.00%
Revenue Q/Q Growth	5.77%	7.00%	7.45%	15.99%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	42.31%	-4.62%	28.04%	4.79%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	58.56%	-22.05%	59.01%	0.81%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	31.10%	-0.71%	44.50%	1.01%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	68.86%	-13.57%	151.30%	9.76%	0.00%	0.00%	0.00%
EPS Q/Q Growth	63.78%	-12.80%	123.40%	12.75%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	8.71%	-18.11%	107.69%	144.78%	149.38%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	50.75%	-540.60%	9.20%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	11.19%	43.67%	-3.92%	-4.31%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	29.22%	26.82%	23.59%	20.36%	23.18%	23.71%	25.10%
EBITDA Margin	7.98%	12.88%	12.58%	4.48%	4.25%	8.64%	11.06%
Operating Margin	7.42%	4.48%	4.75%	-3.60%	-7.51%	-0.60%	-2.34%
EBIT Margin	-1.21%	4.19%	4.69%	-3.59%	-7.43%	-0.46%	-2.23%
Profit (Net Income) Margin	8.84%	4.79%	4.35%	-5.41%	-14.53%	-7.74%	-9.88%
Tax Burden Percent	-18,406.25%	102.85%	99.77%	95.98%	97.89%	103.10%	93.11%
Interest Burden Percent	3.98%	111.16%	92.94%	157.03%	199.65%	1,614.71%	476.00%
Effective Tax Rate	0.00%	-2.85%	0.23%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.32%	6.79%	8.52%	-4.40%	-5.78%	-0.95%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	15.88%	7.24%	7.36%	-20.33%	-25.66%	-17.76%	0.00%
Return on Net Nonoperating Assets (RNNOA)	23.91%	11.43%	11.17%	-9.44%	-26.98%	-1,119.84%	0.00%
Return on Equity (ROE)	31.23%	18.22%	19.70%	-13.84%	-32.76%	-1,120.79%	0.00%
Cash Return on Invested Capital (CROIC)	-16.70%	-32.33%	-43.90%	-13.25%	-20.36%	-200.95%	0.00%
Operating Return on Assets (OROA)	-0.95%	3.62%	3.82%	-2.38%	-4.45%	-0.43%	0.00%
Return on Assets (ROA)	6.99%	4.14%	3.54%	-3.59%	-8.69%	-7.22%	0.00%
Return on Common Equity (ROCE)	24.17%	13.52%	13.88%	-9.47%	-20.55%	3,650.90%	0.00%
Return on Equity Simple (ROE_SIMPLE)	36.51%	18.81%	24.96%	-27.13%	-24.24%	172.04%	0.00%
Net Operating Profit after Tax (NOPAT)	173	118	94	-34	-40	-3.08	-9.17
NOPAT Margin	5.19%	4.60%	4.74%	-2.52%	-5.26%	-0.42%	-1.64%
Net Nonoperating Expense Percent (NNEP)	-8.56%	-0.45%	1.16%	15.93%	19.88%	16.81%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	4.48%	4.51%	4.25%	-	-	-	-
Cost of Revenue to Revenue	70.78%	73.18%	76.41%	79.64%	76.82%	76.29%	74.90%
SG&A Expenses to Revenue	15.04%	14.13%	15.08%	17.28%	25.82%	17.43%	15.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.80%	22.34%	18.84%	23.96%	30.70%	24.31%	27.43%
Earnings before Interest and Taxes (EBIT)	-40	108	94	-49	-57	-3.40	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	266	330	251	61	33	63	62
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.59	9.38	13.28	17.61	13.13	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.81	2.39	2.31	3.51	7.87	0.47	0.62
Price to Earnings (P/E)	40.73	71.09	61.41	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.46%	1.41%	1.63%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.23	3.63	4.05	6.61	8.45	1.58	0.00
Enterprise Value to Revenue (EV/Rev)	3.36	2.95	2.84	3.95	8.25	1.40	0.00
Enterprise Value to EBITDA (EV/EBITDA)	42.12	22.86	22.59	88.36	193.98	16.21	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	70.27	60.57	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	64.73	63.98	59.94	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.37	21.83	20.57	1,802.60	1,580.94	128.09	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	2.79	2.02	3.62	4.35	1.50	63.41	0.00
Long-Term Debt to Equity	2.12	2.02	3.62	4.35	1.50	62.88	0.00
Financial Leverage	1.51	1.58	1.52	0.46	1.05	63.04	0.00
Leverage Ratio	4.47	4.40	5.56	3.85	3.77	77.62	0.00
Compound Leverage Factor	0.18	4.90	5.17	6.05	7.52	1,253.40	0.00
Debt to Total Capital	73.63%	66.84%	78.38%	81.31%	60.03%	98.45%	0.00%
Short-Term Debt to Total Capital	17.80%	0.00%	0.00%	0.00%	0.05%	0.81%	0.00%
Long-Term Debt to Total Capital	55.82%	66.84%	78.38%	81.31%	59.98%	97.63%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.47%	8.21%	6.00%	5.93%	12.55%	6.61%	0.00%
Common Equity to Total Capital	20.90%	24.95%	15.63%	12.76%	27.42%	-5.06%	0.00%
Debt to EBITDA	10.69	5.30	6.95	28.41	30.87	10.13	0.00
Net Debt to EBITDA	6.13	3.66	3.66	7.79	2.41	10.07	0.00
Long-Term Debt to EBITDA	8.11	5.30	6.95	28.41	30.84	10.05	0.00
Debt to NOPAT	16.43	14.82	18.44	-50.48	-24.96	-207.92	0.00
Net Debt to NOPAT	9.42	10.26	9.72	-13.84	-1.95	-206.72	0.00
Long-Term Debt to NOPAT	12.46	14.82	18.44	-50.48	-24.94	-206.20	0.00
Altman Z-Score	2.09	2.34	2.38	2.45	4.00	0.82	0.00
Noncontrolling Interest Sharing Ratio	22.60%	25.83%	29.56%	31.53%	37.26%	425.74%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	1.38	1.64	3.70	7.91	10.40	0.82	0.00
Quick Ratio	1.13	1.01	3.35	7.82	10.27	0.63	0.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-395	-562	-487	-104	-142	-650	0.00
Operating Cash Flow to CapEx	461.53%	378.14%	445.63%	5.55%	20.73%	97.56%	1,593.75%
Free Cash Flow to Firm to Interest Expense	-6.39	-17.52	-14.97	-3.71	-2.50	-12.62	0.00
Operating Cash Flow to Interest Expense	8.10	10.78	8.47	0.11	0.07	0.16	0.54
Operating Cash Flow Less CapEx to Interest Expense	6.34	7.93	6.57	-1.83	-0.27	0.00	0.51
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.79	0.86	0.81	0.66	0.60	0.93	0.00
Accounts Receivable Turnover	11.00	11.35	9.95	9.16	8.95	9.31	0.00
Inventory Turnover	383.33	457.80	367.08	435.64	117.82	65.65	0.00
Fixed Asset Turnover	23.11	35.28	97.97	81.64	50.29	47.49	0.00
Accounts Payable Turnover	10.41	10.11	10.59	11.99	9.93	9.60	0.00
Days Sales Outstanding (DSO)	33.18	32.15	36.70	39.85	40.76	39.22	0.00
Days Inventory Outstanding (DIO)	0.95	0.80	0.99	0.84	3.10	5.56	0.00
Days Payable Outstanding (DPO)	35.06	36.10	34.48	30.45	36.77	38.00	0.00
Cash Conversion Cycle (CCC)	-0.93	-3.16	3.22	10.24	7.09	6.78	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	2,647	2,079	1,399	818	749	647	0.00
Invested Capital Turnover	1.41	1.47	1.80	1.75	1.10	2.26	0.00
Increase / (Decrease) in Invested Capital	568	680	581	69	102	647	0.00
Enterprise Value (EV)	11,191	7,554	5,664	5,408	6,324	1,025	0.00
Market Capitalization	9,351	6,128	4,612	4,804	6,035	345	345
Book Value per Share	$8.95	$7.93	$4.21	$3.29	$5.74	($2.19)	$0.00
Tangible Book Value per Share	($18.09)	($15.63)	($12.55)	($5.89)	($2.55)	($44.23)	$0.00
Total Capital	3,859	2,619	2,223	2,138	1,676	651	0.00
Total Debt	2,841	1,750	1,742	1,739	1,006	640	0.00
Total Long-Term Debt	2,154	1,750	1,742	1,739	1,005	635	0.00
Net Debt	1,629	1,211	918	477	79	637	0.00
Capital Expenditures (CapEx)	108	92	62	54	19	8.20	1.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.60	-91	-53	38	7.20	-22	0.00
Debt-free Net Working Capital (DFNWC)	1,218	449	723	1,270	935	-18	0.00
Net Working Capital (NWC)	531	449	723	1,270	934	-24	0.00
Net Nonoperating Expense (NNE)	-122	-4.83	7.78	40	71	54	46
Net Nonoperating Obligations (NNO)	1,629	1,211	918	418	79	637	0.00
Total Depreciation and Amortization (D&A)	306	223	157	110	90	67	75
Debt-free, Cash-free Net Working Capital to Revenue	0.17%	-3.53%	-2.66%	2.80%	0.94%	-2.99%	0.00%
Debt-free Net Working Capital to Revenue	36.56%	17.50%	36.29%	92.86%	121.92%	-2.49%	0.00%
Net Working Capital to Revenue	15.93%	17.50%	36.29%	92.86%	121.80%	-3.21%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.72	$2.90	$2.68	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	1.67M	59.68M	56.17M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$6.06	$2.86	$2.10	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.67M	60.99M	82.77M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.10M	86.19M	82.90M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	176	110	58	-34	-45	-0.42	4.90
Normalized NOPAT Margin	5.28%	4.27%	2.91%	-2.51%	-5.81%	-0.06%	0.87%
Pre Tax Income Margin	-0.05%	4.66%	4.36%	-5.64%	-14.84%	-7.51%	-10.61%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.65	3.35	2.88	-1.75	-1.00	-0.07	-0.27
NOPAT to Interest Expense	2.80	3.68	2.91	-1.23	-0.71	-0.06	-0.20
EBIT Less CapEx to Interest Expense	-2.40	0.50	0.98	-3.69	-1.34	-0.23	-0.30
NOPAT Less CapEx to Interest Expense	1.04	0.83	1.01	-3.16	-1.05	-0.22	-0.23
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	6.72%	2.36%	0.00%	0.00%	-1.26%	-15.37%	-0.36%
Augmented Payout Ratio	56.26%	88.12%	214.42%	-26.35%	-1.26%	-15.37%	-0.36%

This table displays calculated financial ratios and metrics derived from Shift4 Payments' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.92%	25.74%	34.62%	29.83%	29.32%	31.19%	23.41%	25.72%	36.10%	34.63%	44.87%
EBITDA Growth	29.06%	100.89%	-219.42%	50.53%	50.45%	-1.14%	3.40%	54.28%	243.59%	225.93%	339.37%
EBIT Growth	25.93%	397.20%	-562.27%	70.64%	88.44%	-51.69%	-17.56%	42.17%	250.43%	680.39%	1,070.37%
NOPAT Growth	113.00%	300.02%	28.34%	64.40%	90.89%	-10.78%	-15.92%	73.46%	230.47%	872.83%	1,430.39%
Net Income Growth	-31.58%	625.52%	55.27%	48.10%	39.71%	-50.13%	0.22%	145.33%	254.55%	381.02%	436.23%
EPS Growth	-35.48%	536.36%	34.55%	38.10%	29.17%	-48.84%	-3.51%	133.33%	284.62%	386.67%	435.29%
Operating Cash Flow Growth	-16.00%	130.79%	63.03%	26.33%	-28.59%	-54.84%	71.58%	129.75%	157.79%	4,327.27%	365.00%
Free Cash Flow Firm Growth	-89.61%	28.21%	-1,768.88%	-89.36%	48.45%	-18.43%	109.57%	-356.54%	-336.50%	-661.06%	-188.39%
Invested Capital Growth	34.96%	27.30%	64.49%	63.47%	22.42%	48.63%	-0.60%	51.19%	71.58%	71.06%	70.36%
Revenue Q/Q Growth	-4.36%	-2.44%	9.94%	16.91%	0.28%	4.44%	6.03%	16.45%	1.73%	-1.75%	8.01%
EBITDA Q/Q Growth	-26.32%	231.19%	-194.04%	26.49%	28.74%	-22.01%	18.54%	26.42%	-28.95%	-18.43%	76.87%
EBIT Q/Q Growth	-61.74%	135.60%	-457.89%	71.17%	127.97%	-66.90%	32.11%	89.02%	-61.30%	-43.51%	127.83%
NOPAT Q/Q Growth	-54.99%	71.52%	-8.07%	200.14%	-15.47%	-44.97%	17.76%	248.50%	-60.50%	-48.13%	142.92%
Net Income Q/Q Growth	-86.00%	92.94%	32.48%	91.23%	48.44%	-58.71%	26.36%	80.39%	-47.01%	-17.03%	209.33%
EPS Q/Q Growth	-85.71%	89.19%	27.59%	87.10%	40.91%	-60.00%	30.95%	75.00%	-44.19%	-24.56%	216.67%
Operating Cash Flow Q/Q Growth	-33.56%	-20.15%	56.85%	104.76%	-46.15%	-43.60%	21.55%	15.74%	-43.08%	114.29%	62.75%
Free Cash Flow Firm Q/Q Growth	-38.82%	46.29%	-2.54%	-147.98%	41.93%	-1,348.62%	111.64%	32.50%	-20.77%	-0.89%	-455.08%
Invested Capital Q/Q Growth	1.72%	11.19%	0.85%	18.33%	-1.10%	43.67%	0.23%	-11.39%	16.48%	-3.92%	52.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.30%	32.27%	29.40%	28.03%	26.55%	27.67%	26.70%	26.20%	26.58%	26.80%	24.79%
EBITDA Margin	13.66%	17.73%	-13.19%	15.42%	14.25%	11.10%	14.87%	13.30%	12.25%	14.73%	17.74%
Operating Margin	2.99%	9.70%	8.84%	7.16%	3.03%	3.88%	6.62%	5.32%	1.61%	5.58%	9.78%
EBIT Margin	3.21%	8.02%	-21.96%	6.75%	4.61%	2.03%	6.40%	5.13%	3.16%	5.50%	9.57%
Profit (Net Income) Margin	2.30%	15.70%	7.94%	6.59%	4.03%	2.72%	6.88%	5.78%	3.73%	7.16%	8.48%
Tax Burden Percent	171.05%	112.25%	-34.66%	103.42%	95.32%	88.07%	98.10%	109.85%	121.43%	90.16%	97.48%
Interest Burden Percent	41.91%	174.54%	104.31%	94.44%	91.72%	152.45%	109.72%	102.45%	97.11%	144.26%	90.84%
Effective Tax Rate	-71.05%	-12.25%	0.00%	-3.42%	4.68%	11.93%	1.90%	-9.85%	-21.43%	9.84%	2.52%
Return on Invested Capital (ROIC)	7.59%	15.34%	10.19%	11.35%	4.34%	5.05%	10.72%	11.06%	3.24%	9.05%	15.30%
ROIC Less NNEP Spread (ROIC-NNEP)	5.86%	18.35%	11.61%	10.78%	5.07%	4.58%	10.99%	11.01%	4.43%	10.76%	14.51%
Return on Net Nonoperating Assets (RNNOA)	8.51%	27.63%	16.36%	17.73%	7.85%	7.23%	22.19%	24.36%	7.66%	16.34%	24.65%
Return on Equity (ROE)	16.10%	42.97%	26.54%	29.08%	12.19%	12.28%	32.91%	35.42%	10.90%	25.39%	39.95%
Cash Return on Invested Capital (CROIC)	-22.26%	-16.70%	-41.87%	-40.32%	-13.21%	-32.33%	8.79%	-30.13%	-43.98%	-43.90%	-46.39%
Operating Return on Assets (OROA)	2.65%	6.33%	-17.97%	6.47%	4.17%	1.75%	5.97%	4.76%	2.68%	4.48%	7.34%
Return on Assets (ROA)	1.90%	12.41%	6.50%	6.31%	3.65%	2.35%	6.43%	5.36%	3.16%	5.83%	6.50%
Return on Common Equity (ROCE)	12.46%	33.26%	20.25%	21.38%	9.14%	9.11%	24.05%	25.62%	7.85%	17.88%	28.04%
Return on Equity Simple (ROE_SIMPLE)	35.46%	0.00%	21.48%	21.22%	19.42%	0.00%	35.53%	39.86%	30.70%	0.00%	11.41%
Net Operating Profit after Tax (NOPAT)	43	97	56	61	20	24	44	37	11	27	52
NOPAT Margin	5.12%	10.88%	6.19%	7.40%	2.88%	3.42%	6.49%	5.85%	1.95%	5.03%	9.53%
Net Nonoperating Expense Percent (NNEP)	1.73%	-3.01%	-1.42%	0.57%	-0.74%	0.46%	-0.27%	0.05%	-1.19%	-1.71%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	1.13%	2.50%	-	-	-	0.92%	-	-	-	1.22%	-
Cost of Revenue to Revenue	69.70%	67.73%	70.60%	71.97%	73.45%	72.33%	73.30%	73.80%	73.42%	73.20%	75.21%
SG&A Expenses to Revenue	20.35%	15.39%	14.03%	14.72%	16.27%	14.33%	12.14%	13.74%	16.78%	14.17%	15.46%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.30%	22.57%	20.56%	20.87%	23.52%	23.79%	20.08%	20.88%	24.97%	21.22%	15.02%
Earnings before Interest and Taxes (EBIT)	27	71	-200	56	33	14	43	33	17	30	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	116	157	-120	128	101	78	100	85	67	79	97
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.04	11.59	9.67	9.16	8.44	9.38	11.35	15.85	16.04	13.28	11.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.10	2.81	2.49	2.20	2.09	2.39	1.90	2.49	2.94	2.31	1.94
Price to Earnings (P/E)	32.26	40.73	61.66	60.52	61.90	71.09	44.68	50.35	64.52	61.41	98.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.10%	2.46%	1.62%	1.65%	1.62%	1.41%	2.24%	1.99%	1.55%	1.63%	1.02%
Enterprise Value to Invested Capital (EV/IC)	3.41	4.23	3.96	3.42	3.52	3.63	3.86	4.67	4.47	4.05	3.26
Enterprise Value to Revenue (EV/Rev)	2.64	3.36	2.99	2.77	2.57	2.95	2.33	2.97	3.41	2.84	2.56
Enterprise Value to EBITDA (EV/EBITDA)	31.42	42.12	50.45	19.86	19.26	22.86	16.14	19.64	23.26	22.59	24.25
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	55.39	57.13	70.27	40.54	45.80	53.05	60.57	80.74
Enterprise Value to NOPAT (EV/NOPAT)	52.18	64.73	71.41	54.02	55.74	63.98	47.02	52.82	64.74	59.94	72.61
Enterprise Value to Operating Cash Flow (EV/OCF)	19.02	22.37	20.47	20.73	19.19	21.83	13.23	17.92	22.50	20.57	35.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	43.81	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.80	2.79	2.71	1.83	1.96	2.02	3.23	3.64	3.31	3.62	4.13
Long-Term Debt to Equity	2.12	2.12	2.71	1.83	1.96	2.02	3.23	3.64	3.31	3.62	4.13
Financial Leverage	1.45	1.51	1.41	1.65	1.55	1.58	2.02	2.21	1.73	1.52	1.70
Leverage Ratio	4.40	4.47	4.85	4.23	4.23	4.40	5.34	6.55	5.34	5.56	5.65
Compound Leverage Factor	1.84	7.80	5.05	4.00	3.88	6.71	5.86	6.71	5.19	8.02	5.14
Debt to Total Capital	73.68%	73.63%	73.04%	64.66%	66.17%	66.84%	76.37%	78.46%	76.81%	78.38%	80.52%
Short-Term Debt to Total Capital	17.82%	17.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.85%	55.82%	73.04%	64.66%	66.17%	66.84%	76.37%	78.46%	76.81%	78.38%	80.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.46%	5.47%	6.07%	9.51%	8.36%	8.21%	6.15%	5.51%	5.93%	6.00%	5.48%
Common Equity to Total Capital	20.86%	20.90%	20.89%	25.83%	25.47%	24.95%	17.48%	16.02%	17.26%	15.63%	14.00%
Debt to EBITDA	9.74	10.69	15.20	4.31	4.81	5.30	5.05	5.09	5.57	6.95	8.89
Net Debt to EBITDA	5.74	6.13	7.14	3.44	3.02	3.66	2.62	2.81	2.78	3.66	5.29
Long-Term Debt to EBITDA	7.39	8.11	15.20	4.31	4.81	5.30	5.05	5.09	5.57	6.95	8.89
Debt to NOPAT	16.18	16.43	21.52	11.73	13.92	14.82	14.70	13.69	15.49	18.44	26.61
Net Debt to NOPAT	9.54	9.42	10.11	9.37	8.73	10.26	7.62	7.56	7.73	9.72	15.83
Long-Term Debt to NOPAT	12.27	12.46	21.52	11.73	13.92	14.82	14.70	13.69	15.49	18.44	26.61
Altman Z-Score	1.85	2.16	1.93	2.37	2.23	2.25	2.39	2.63	2.81	2.29	1.96
Noncontrolling Interest Sharing Ratio	22.60%	22.60%	23.72%	26.47%	25.02%	25.83%	26.94%	27.67%	27.98%	29.56%	29.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.36	1.38	2.98	1.35	1.70	1.64	3.32	3.24	3.71	3.70	3.33
Quick Ratio	1.10	1.13	2.48	0.75	1.11	1.01	2.95	2.92	3.37	3.35	3.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-654	-471	-877	-855	-345	-656	53	-452	-669	-554	-549
Operating Cash Flow to CapEx	303.77%	538.52%	578.10%	479.75%	220.62%	360.00%	361.49%	357.59%	456.32%	905.84%	330.46%
Free Cash Flow to Firm to Interest Expense	-22.95	-17.26	-47.92	-105.59	-42.58	-82.02	6.57	-56.46	-82.61	-70.13	-66.16
Operating Cash Flow to Interest Expense	3.39	5.33	9.95	14.33	7.00	7.88	13.96	11.49	9.80	17.66	7.84
Operating Cash Flow Less CapEx to Interest Expense	2.27	4.34	8.23	11.35	3.83	5.69	10.10	8.28	7.65	15.71	5.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.79	0.82	0.96	0.91	0.86	0.93	0.93	0.85	0.81	0.77
Accounts Receivable Turnover	11.91	11.00	11.45	10.81	11.81	11.35	9.70	9.45	9.89	9.95	8.31
Inventory Turnover	0.00	383.33	472.27	389.01	570.00	457.80	419.14	657.61	446.58	367.08	365.85
Fixed Asset Turnover	30.43	23.11	34.08	34.00	106.87	35.28	97.25	101.52	102.33	97.97	94.66
Accounts Payable Turnover	9.97	10.41	10.46	9.36	10.02	10.11	9.82	9.74	10.34	10.59	9.54
Days Sales Outstanding (DSO)	30.64	33.18	31.87	33.76	30.91	32.15	37.63	38.61	36.89	36.70	43.93
Days Inventory Outstanding (DIO)	0.00	0.95	0.77	0.94	0.64	0.80	0.87	0.56	0.82	0.99	1.00
Days Payable Outstanding (DPO)	36.62	35.06	34.88	39.01	36.43	36.10	37.16	37.49	35.31	34.48	38.25
Cash Conversion Cycle (CCC)	-5.98	-0.93	-2.24	-4.32	-4.88	-3.16	1.35	1.67	2.39	3.22	6.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,692	2,647	2,381	2,360	1,995	2,079	1,447	1,444	1,630	1,399	1,456
Invested Capital Turnover	1.48	1.41	1.65	1.53	1.50	1.47	1.65	1.89	1.66	1.80	1.61
Increase / (Decrease) in Invested Capital	697	568	933	917	365	680	-8.70	489	680	581	601
Enterprise Value (EV)	9,167	11,191	9,418	8,081	7,015	7,554	5,591	6,737	7,289	5,664	4,748
Market Capitalization	7,280	9,351	7,850	6,421	5,695	6,128	4,544	5,650	6,284	4,612	3,594
Book Value per Share	$9.04	$8.95	$9.16	$8.01	$7.83	$7.93	$4.88	$4.29	$4.73	$4.21	$3.75
Tangible Book Value per Share	($18.37)	($18.09)	($15.97)	($17.36)	($14.29)	($15.63)	($11.94)	($12.57)	($15.64)	($12.55)	($12.86)
Total Capital	3,860	3,859	3,886	2,713	2,648	2,619	2,289	2,225	2,270	2,223	2,161
Total Debt	2,844	2,841	2,838	1,754	1,752	1,750	1,748	1,746	1,744	1,742	1,740
Total Long-Term Debt	2,156	2,154	2,838	1,754	1,752	1,750	1,748	1,746	1,744	1,742	1,740
Net Debt	1,676	1,629	1,333	1,402	1,099	1,211	906	965	870	918	1,035
Capital Expenditures (CapEx)	32	27	32	24	26	18	31	26	17	15	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.30	5.60	-35	-38	-90	-91	-58	-52	-52	-53	-0.60
Debt-free Net Working Capital (DFNWC)	1,176	1,218	1,391	241	491	449	726	673	766	723	672
Net Working Capital (NWC)	488	531	1,391	241	491	449	726	673	766	723	672
Net Nonoperating Expense (NNE)	24	-43	-16	6.72	-8.10	4.93	-2.65	0.44	-9.71	-11	5.75
Net Nonoperating Obligations (NNO)	1,676	1,629	1,333	1,402	1,099	1,211	906	965	1,103	918	1,035
Total Depreciation and Amortization (D&A)	89	86	80	72	68	64	57	52	50	50	45
Debt-free, Cash-free Net Working Capital to Revenue	0.24%	0.17%	-1.12%	-1.32%	-3.29%	-3.53%	-2.41%	-2.31%	-2.43%	-2.66%	-0.03%
Debt-free Net Working Capital to Revenue	33.86%	36.56%	44.18%	8.28%	18.00%	17.50%	30.27%	29.66%	35.81%	36.29%	36.23%
Net Working Capital to Revenue	14.05%	15.93%	44.18%	8.28%	18.00%	17.50%	30.27%	29.66%	35.81%	36.29%	36.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.48	$3.36	$1.56	$1.18	$0.62	$0.40	$1.12	$0.86	$0.52	$1.00	$1.56
Adjusted Weighted Average Basic Shares Outstanding	69.15M	1.67M	68.45M	66.13M	66.14M	1.94M	58.30M	58.98M	57.48M	3.86M	55.15M
Adjusted Diluted Earnings per Share	$0.40	$2.80	$1.48	$1.16	$0.62	$0.44	$1.10	$0.84	$0.48	$0.86	$1.14
Adjusted Weighted Average Diluted Shares Outstanding	92.16M	1.67M	91.02M	67.25M	67.66M	1.94M	59.43M	60.24M	84.48M	3.86M	81.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.62M	89.10M	90.10M	88.59M	87.55M	86.19M	82.43M	82.06M	83.19M	82.90M	82.46M
Normalized Net Operating Profit after Tax (NOPAT)	15	60	57	42	22	26	53	28	11	28	16
Normalized NOPAT Margin	1.79%	6.79%	6.31%	5.04%	3.17%	3.62%	7.79%	4.34%	2.02%	5.13%	2.96%
Pre Tax Income Margin	1.34%	13.99%	-22.91%	6.37%	4.23%	3.09%	7.02%	5.26%	3.07%	7.94%	8.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.95	2.60	-10.91	6.89	4.02	1.79	5.40	4.09	2.14	3.75	6.31
NOPAT to Interest Expense	1.52	3.54	3.08	7.56	2.52	3.02	5.48	4.65	1.32	3.42	6.28
EBIT Less CapEx to Interest Expense	-0.16	1.62	-12.63	3.90	0.85	-0.40	1.54	0.88	-0.01	1.80	3.94
NOPAT Less CapEx to Interest Expense	0.41	2.55	1.35	4.57	-0.65	0.83	1.62	1.44	-0.83	1.47	3.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.87%	6.72%	3.90%	1.82%	1.37%	2.36%	1.90%	1.55%	1.16%	0.00%	0.00%
Augmented Payout Ratio	80.00%	56.26%	29.42%	18.29%	1.37%	88.12%	69.97%	69.67%	1.16%	214.42%	595.36%

Frequently Asked Questions About Shift4 Payments' Financials

When does Shift4 Payments's fiscal year end?

According to the most recent income statement we have on file, Shift4 Payments' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Shift4 Payments' net income changed over the last 6 years?

Shift4 Payments' net income appears to be on an upward trend, with a most recent value of $294.50 million in 2024, falling from -$55.40 million in 2018. The previous period was $122.90 million in 2023. View Shift4 Payments' forecast to see where analysts expect Shift4 Payments to go next.

What is Shift4 Payments's operating income?

Shift4 Payments's total operating income in 2024 was $247 million, based on the following breakdown:

Total Gross Profit: $973.10 million
Total Operating Expenses: $726.10 million

How has Shift4 Payments revenue changed over the last 6 years?

Over the last 6 years, Shift4 Payments' total revenue changed from $560.60 million in 2018 to $3.33 billion in 2024, a change of 494.1%.

How much debt does Shift4 Payments have?

Shift4 Payments' total liabilities were at $4.02 billion at the end of 2024, a 59.7% increase from 2023, and a 419.9% increase since 2019.

How much cash does Shift4 Payments have?

In the past 5 years, Shift4 Payments' cash and equivalents has ranged from $3.70 million in 2019 to $1.23 billion in 2021, and is currently $1.21 billion as of their latest financial filing in 2024.

How has Shift4 Payments' book value per share changed over the last 6 years?

Over the last 6 years, Shift4 Payments' book value per share changed from 0.00 in 2018 to 8.95 in 2024, a change of 895.2%.

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This page (NYSE:FOUR) was last updated on 5/23/2025 by MarketBeat.com Staff

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Shift4 Payments (FOUR) Financials

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Shift4 Payments (FOUR) Financials

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