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

Shift4 Payments' Cost of Revenue history spans 7 years, with the latest figure at $739.1 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 22.92% year-over-year to $739.1 million; the TTM value through Dec 2025 reached $2.8 billion, up 16.71%, while the annual FY2025 figure was $2.8 billion, 16.71% up from the prior year.
  • Cost of Revenue reached $739.1 million in Q4 2025 per FOUR's latest filing, down from $747.9 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 $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.
  • Peak YoY movement for Cost of Revenue: soared 147.64% in 2021, then rose 13.19% in 2025.
  • A 5-year view of Cost of Revenue shows it 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.
  • Per Business Quant, the three most recent readings for FOUR's Cost of Revenue are $739.1 million (Q4 2025), $747.9 million (Q3 2025), and $673.7 million (Q2 2025).