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Shift4 Payments (FOUR) Cost of Revenue (2019 - 2025)

Shift4 Payments (FOUR) has disclosed Cost of Revenue for 7 consecutive years, with $739.1 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 22.92% year-over-year to $739.1 million, compared with a TTM value of $2.8 billion through Dec 2025, up 16.71%, and an annual FY2025 reading of $2.8 billion, up 16.71% over the prior year.
  • Cost of Revenue was $739.1 million for Q4 2025 at Shift4 Payments, down from $747.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $747.9 million in Q3 2025 and bottomed at $187.5 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $480.0 million, with a median of $482.6 million recorded in 2023.
  • The sharpest move saw Cost of Revenue soared 147.64% in 2021, then rose 13.19% in 2025.
  • Year by year, Cost of Revenue stood at $315.3 million in 2021, then rose by 24.83% to $393.6 million in 2022, then rose by 29.62% to $510.2 million in 2023, then grew by 17.86% to $601.3 million in 2024, then grew by 22.92% to $739.1 million in 2025.
  • Business Quant data shows Cost of Revenue for FOUR at $739.1 million in Q4 2025, $747.9 million in Q3 2025, and $673.7 million in Q2 2025.