Shift4 Payments (FOUR) Gross Margin (2019 - 2026)
Shift4 Payments' (FOUR) quarterly Gross Margin came in at 34.97% in Q1 2026, up 466.0% YoY from 6.18% in Q1 2025, and down 7.53% on a QoQ basis from 37.82% in Q4 2025.
Shift4 Payments (FOUR) Gross Margin (2019 - 2026) Analysis & Trends
Shift4 Payments (FOUR) has 8 years of Gross Margin data on file, last reported at 34.97% in 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 declined to 34.97% in Q1 2026, from 37.82% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.82% in Q4 2025 to a low of 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.
- The widest YoY moves for Gross Margin: up 775 bps in 2022, down 137 bps in 2022.
- Tracing FOUR's Gross Margin over 5 years: stood at 26.8% in 2022, then rose by 3 bps to 27.69% in 2023, then increased by 16 bps to 32.24% in 2024, then increased by 17 bps to 37.82% in 2025, then slipped by 8 bps to 34.97% in 2026.
- The last three Gross Margin figures came in at 34.97% (Q1 2026), 37.82% (Q4 2025), and 36.45% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Shift4 Payments | 3.69 Bn | 3.33 Bn | 446.00 Mn | 34.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.44% |
| 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% |