Shift4 Payments (FOUR-PA) Operating Expenses (2019 - 2026)
Shift4 Payments (FOUR-PA) posted Operating Expenses of $238.0 million for Q1 2026, up 36.7% quarter-over-quarter from $174.1 million in Q4 2025, and up 52.56% year-on-year from $156.0 million in Q1 2025.
Shift4 Payments (FOUR-PA) Operating Expenses (2019 - 2026) Analysis & Trends
Shift4 Payments (FOUR-PA) has reported Operating Expenses for 8 consecutive years, with $238.0 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $238.0 million, up 52.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $753.4 million (up 45.61% YoY), and the FY2025 annual result was $700.0 million, up 48.62% from the prior year.
- Operating Expenses was $238.0 million for Q1 2026 at Shift4 Payments, up from $174.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $238.0 million in Q1 2026 and troughed at $82.5 million in Q3 2022.
- Average Operating Expenses over 5 years is $124.3 million, with a median of $112.9 million recorded in 2024.
- Year-over-year, Operating Expenses declined 9.45% in 2023 and jumped 59.26% in 2025.
- Over 5 years, Operating Expenses stood at $93.2 million in 2022, then gained by 22.75% to $114.4 million in 2023, then climbed by 11.01% to $127.0 million in 2024, then jumped by 37.09% to $174.1 million in 2025, then surged by 36.7% to $238.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $238.0 million in Q1 2026, $174.1 million in Q4 2025, and $193.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Shift4 Payments | - | - | 392.00 Mn | 238.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 238.00 Mn |
| Dec 31, 2025 | 174.10 Mn |
| Sep 30, 2025 | 193.50 Mn |
| Jun 30, 2025 | 147.80 Mn |
| Mar 31, 2025 | 156.00 Mn |
| Dec 31, 2024 | 127.00 Mn |
| Sep 30, 2024 | 121.50 Mn |
| Jun 30, 2024 | 112.90 Mn |
| Mar 31, 2024 | 109.60 Mn |
| Dec 31, 2023 | 114.40 Mn |
| Sep 30, 2023 | 85.60 Mn |
| Jun 30, 2023 | 90.30 Mn |
| Mar 31, 2023 | 87.20 Mn |
| Dec 31, 2022 | 93.20 Mn |
| Sep 30, 2022 | 82.50 Mn |
| Jun 30, 2022 | 82.90 Mn |
| Mar 31, 2022 | 96.30 Mn |
| Dec 31, 2021 | 89.10 Mn |
| Sep 30, 2021 | 70.00 Mn |
| Jun 30, 2021 | 73.20 Mn |