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
DateValue
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%