Shift4 Payments (FOUR) Accumulated Expenses (2019 - 2026)
Shift4 Payments (FOUR) reported Accumulated Expenses of $291 million for Q2 2026, up 80.0% from $161.7 million a year earlier and up 9.0% from the prior quarter.
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Analysis
Shift4 Payments (FOUR) Accumulated Expenses (2019 - 2026) Analysis & Trends
At the end of FY2025, Shift4 Payments posted Accumulated Expenses of $242 million, up 101.7% from FY2024.
- Accumulated Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 51.7% (FY2020 to FY2025).
- By year, Accumulated Expenses came in at $120 million in FY2024 (+46.2%), $82.1 million in FY2023 (+2.6%), $80 million in FY2022 (+86.5%) and $42.9 million in FY2021 (+42.5%).
- The Q2 2026 figure ranks as the highest quarterly Accumulated Expenses in data going back to Q4 2019.
- Year over year, Accumulated Expenses has now increased in each of the last 12 quarters, with growth averaging 67.6% over the last eight quarters.
- The high point for year-over-year Accumulated Expenses in five years was Q2 2022 (growth of 168.8%); the low point was Q1 2023 (a decline of 13.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $267 million (Q1 2026), $242 million (Q4 2025) and $251 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn |
| 10 | Shift4 Payments | 5.62 Bn | 2.43 Bn | 446.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 291.00 Mn |
| Mar 31, 2026 | 267.00 Mn |
| Dec 31, 2025 | 242.00 Mn |
| Sep 30, 2025 | 251.00 Mn |
| Jun 30, 2025 | 161.70 Mn |
| Mar 31, 2025 | 100.60 Mn |
| Dec 31, 2024 | 120.00 Mn |
| Sep 30, 2024 | 138.10 Mn |
| Jun 30, 2024 | 120.50 Mn |
| Mar 31, 2024 | 94.60 Mn |
| Dec 31, 2023 | 82.10 Mn |
| Sep 30, 2023 | 110.10 Mn |
| Jun 30, 2023 | 89.20 Mn |
| Mar 31, 2023 | 82.50 Mn |
| Dec 31, 2022 | 80.00 Mn |
| Sep 30, 2022 | 86.60 Mn |
| Jun 30, 2022 | 97.30 Mn |
| Mar 31, 2022 | 95.20 Mn |
| Dec 31, 2021 | 42.90 Mn |
| Sep 30, 2021 | 37.40 Mn |
API Access
Shift4 Payments Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=FOUR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "FOUR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=FOUR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();