Shift4 Payments (FOUR-PA) Operating Expenses (2019 - 2026)
Shift4 Payments (FOUR-PA) reported Operating Expenses of $238.0 million for Q1 2026, up 52.56% on a YoY basis from $156.0 million in Q1 2025, and up 36.7% quarter-over-quarter from $174.1 million in Q4 2025.
Shift4 Payments (FOUR-PA) Operating Expenses (2019 - 2026) Analysis & Trends
Shift4 Payments has reported Operating Expenses for 8 years, with the latest figure at $238.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 52.56% year-over-year to $238.0 million; the trailing twelve-month figure through Mar 2026 stood at $753.4 million (up 45.61% YoY), and the FY2025 full-year result was $700.0 million, up 48.62% from the prior year.
- Operating Expenses for Q1 2026 stood at $238.0 million, up from $174.1 million in the prior quarter.
- The five-year high for Operating Expenses was $238.0 million in Q1 2026, with the low at $82.5 million in Q3 2022.
- Historically, Operating Expenses has averaged $124.3 million across 5 years, with a median of $112.9 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 9.45% — and 2025, when it surged 59.26%.
- Shift4 Payments' Operating Expenses stood at $93.2 million in 2022, then grew by 22.75% to $114.4 million in 2023, then rose 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.
- The last three Operating Expenses figures came in at $238.0 million (Q1 2026), $174.1 million (Q4 2025), and $193.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 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 |