Shift4 Payments (FOUR) Operating Expenses (2019 - 2026)
Shift4 Payments' (FOUR) quarterly Operating Expenses came in at $216.0 million in Q1 2026, up 41.18% YoY from $153.0 million in Q1 2025, and up 3.25% on a QoQ basis from $209.2 million in Q4 2025.
Shift4 Payments (FOUR) Operating Expenses (2019 - 2026) Analysis & Trends
Shift4 Payments (FOUR) has 8 years of Operating Expenses data on file, last reported at $216.0 million in Q1 2026.
- Quarterly Operating Expenses rose 41.18% year-over-year to $216.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $744.0 million (up 47.36% YoY) and the FY2025 annual result came in at $682.0 million, up 48.58% from the prior year.
- Operating Expenses rose to $216.0 million in Q1 2026, from $209.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $216.0 million in Q1 2026 to a low of $68.6 million in Q4 2022.
- A 5-year average of $118.1 million and a median of $107.1 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 23.01% — and 2025, when it soared 69.26%.
- Tracing FOUR's Operating Expenses over 5 years: stood at $68.6 million in 2022, then climbed by 23.76% to $84.9 million in 2023, then surged by 45.58% to $123.6 million in 2024, then soared by 69.26% to $209.2 million in 2025, then rose by 3.25% to $216.0 million in 2026.
- The last three Operating Expenses figures came in at $216.0 million (Q1 2026), $209.2 million (Q4 2025), and $188.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Shift4 Payments | 3.69 Bn | 3.33 Bn | 446.00 Mn | 231.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 231.00 Mn |
| Mar 31, 2026 | 216.00 Mn |
| Dec 31, 2025 | 209.20 Mn |
| Sep 30, 2025 | 188.40 Mn |
| Jun 30, 2025 | 130.40 Mn |
| Mar 31, 2025 | 153.00 Mn |
| Dec 31, 2024 | 123.60 Mn |
| Sep 30, 2024 | 118.20 Mn |
| Jun 30, 2024 | 110.10 Mn |
| Mar 31, 2024 | 107.10 Mn |
| Dec 31, 2023 | 84.90 Mn |
| Sep 30, 2023 | 76.30 Mn |
| Jun 30, 2023 | 82.10 Mn |
| Mar 31, 2023 | 85.70 Mn |
| Dec 31, 2022 | 68.60 Mn |
| Sep 30, 2022 | 74.30 Mn |
| Jun 30, 2022 | 82.90 Mn |
| Mar 31, 2022 | 96.30 Mn |
| Dec 31, 2021 | 89.10 Mn |
| Sep 30, 2021 | 70.00 Mn |