Shift4 Payments (FOUR) Gross Margin (2019 - 2026)
Shift4 Payments (FOUR) reported Gross Margin of 34.44% for Q2 2026, up 4.21 percentage points from 30.23% a year earlier but down 0.53 percentage points from the prior quarter.
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Analysis
Shift4 Payments (FOUR) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shift4 Payments' Gross Margin came in at 35.90%, up 5.37 percentage points year-over-year; for FY2025, it was 34.16%, up 4.95 percentage points from FY2024.
- Gross Margin has increased for four consecutive years, with a five-year change of +10.98 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 29.21% in FY2024 (+2.39 pp), 26.82% in FY2023 (+3.24 pp), 23.59% in FY2022 (+3.23 pp) and 20.36% in FY2021 (-2.83 pp).
- Five-year quarterly Gross Margin spans a low of 17.05% in Q3 2021 and a high of 37.82% in Q4 2025.
- Year over year, Gross Margin has now increased in each of the last nine quarters, with an average year-over-year change of +4.34 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2022 (a gain of 7.75 percentage points); the low point was Q3 2021 (a drop of 6.93 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 34.97% (Q1 2026), 37.82% (Q4 2025) and 36.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 65.60% |
| 10 | Shift4 Payments | 5.76 Bn | 2.57 Bn | 446.00 Mn | 34.44% |
Historic Data
Download Data
Historic 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 | 30.23% |
| 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% |
API Access
Shift4 Payments Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FOUR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FOUR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FOUR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();