Shift4 Payments (FOUR) Gross Margin (2019 - 2026)
Shift4 Payments (FOUR) posted Gross Margin of 34.97% for Q1 2026, down 7.53% on a QoQ basis from 37.82% in Q4 2025, and up 466.0% year-over-year from 6.18% in Q1 2025.
Shift4 Payments (FOUR) Gross Margin (2019 - 2026) Analysis & Trends
Shift4 Payments' Gross Margin history runs 8 years deep, the most recent figure standing at 34.97% for Q1 2026.
- Quarterly Gross Margin rose 466.0% year-over-year to 34.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.1% (up 508.0% YoY) and the FY2025 annual result came in at 34.16%, up 495.0% from the prior year.
- Gross Margin was 34.97% for Q1 2026 at Shift4 Payments, down from 37.82% in the prior quarter.
- Across five years, Gross Margin topped out at 37.82% in Q4 2025 and bottomed at 20.88% in Q2 2022.
- A 5-year average of 28.63% and a median of 27.69% in 2023 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 775 bps in 2022, while the deepest fall reached 137 bps in 2022.
- Shift4 Payments' Gross Margin stood at 26.8% in 2022, then advanced by 3 bps to 27.69% in 2023, then gained by 16 bps to 32.24% in 2024, then gained by 17 bps to 37.82% in 2025, then declined by 8 bps to 34.97% in 2026.
- Business Quant data shows FOUR's Gross Margin at 34.97% in Q1 2026, 37.82% in Q4 2025, and 36.45% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 71.21% |
| 10 | Shift4 Payments | 4.05 Bn | 3.58 Bn | 392.00 Mn | 34.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.97% |
| Dec 31, 2025 | 37.82% |
| Sep 30, 2025 | 36.45% |
| Jun 30, 2025 | 30.27% |
| Mar 31, 2025 | 30.31% |
| Dec 31, 2024 | 32.24% |
| Sep 30, 2024 | 29.40% |
| Jun 30, 2024 | 28.03% |
| Mar 31, 2024 | 26.55% |
| Dec 31, 2023 | 27.69% |
| Sep 30, 2023 | 26.70% |
| Jun 30, 2023 | 26.20% |
| Mar 31, 2023 | 26.58% |
| Dec 31, 2022 | 26.80% |
| Sep 30, 2022 | 24.79% |
| Jun 30, 2022 | 20.88% |
| Mar 31, 2022 | 21.05% |
| Dec 31, 2021 | 21.06% |
| Sep 30, 2021 | 17.05% |
| Jun 30, 2021 | 22.25% |