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
DateValue
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