Shift4 Payments (FOUR) Cost of Revenue (2019 - 2026)
Shift4 Payments' (FOUR) quarterly Cost of Revenue came in at $729.0 million in Q1 2026, up 23.35% YoY from $591.0 million in Q1 2025, and down 1.37% on a QoQ basis from $739.1 million in Q4 2025.
Shift4 Payments (FOUR) Cost of Revenue (2019 - 2026) Analysis & Trends
Shift4 Payments (FOUR) has 8 years of Cost of Revenue data on file, last reported at $729.0 million in Q1 2026.
- Quarterly Cost of Revenue rose 23.35% year-over-year to $729.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.9 billion (up 18.95% YoY) and the FY2025 annual result came in at $2.8 billion, up 16.71% from the prior year.
- Cost of Revenue fell to $729.0 million in Q1 2026, from $739.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $747.9 million in Q3 2025 to a low of $317.3 million in Q1 2022.
- A 5-year average of $543.5 million and a median of $519.6 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 69.23% — and 2025, when it increased 13.19%.
- Tracing FOUR's Cost of Revenue over 5 years: stood at $393.6 million in 2022, then grew by 29.62% to $510.2 million in 2023, then advanced by 17.86% to $601.3 million in 2024, then advanced by 22.92% to $739.1 million in 2025, then declined by 1.37% to $729.0 million in 2026.
- The last three Cost of Revenue figures came in at $729.0 million (Q1 2026), $739.1 million (Q4 2025), and $747.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Shift4 Payments | 3.69 Bn | 3.33 Bn | 446.00 Mn | 849.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 849.00 Mn |
| Jun 30, 2026 | 849.00 Mn |
| Mar 31, 2026 | 729.00 Mn |
| Mar 31, 2026 | 729.00 Mn |
| Dec 31, 2025 | 739.10 Mn |
| Dec 31, 2025 | 739.10 Mn |
| Sep 30, 2025 | 747.90 Mn |
| Sep 30, 2025 | 747.90 Mn |
| Jun 30, 2025 | 673.70 Mn |
| Jun 30, 2025 | 673.70 Mn |
| Mar 31, 2025 | 591.00 Mn |
| Mar 31, 2025 | 591.00 Mn |
| Dec 31, 2024 | 601.30 Mn |
| Dec 31, 2024 | 601.30 Mn |
| Sep 30, 2024 | 641.90 Mn |
| Sep 30, 2024 | 641.90 Mn |
| Jun 30, 2024 | 595.20 Mn |
| Jun 30, 2024 | 595.20 Mn |
| Mar 31, 2024 | 519.60 Mn |
| Mar 31, 2024 | 519.60 Mn |