Shift4 Payments (FOUR) Operating Expenses (2019 - 2026)

Shift4 Payments (FOUR) posted Operating Expenses of $216.0 million for Q1 2026, up 3.25% on a QoQ basis from $209.2 million in Q4 2025, and up 41.18% year-over-year from $153.0 million in Q1 2025.

Shift4 Payments (FOUR) Operating Expenses (2019 - 2026) Analysis & Trends

Shift4 Payments' Operating Expenses history runs 8 years deep, the most recent figure standing at $216.0 million for 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 was $216.0 million for Q1 2026 at Shift4 Payments, up from $209.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $216.0 million in Q1 2026 and bottomed at $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 dropped 23.01% — and 2025, when it soared 69.26%.
  • Shift4 Payments' Operating Expenses stood at $68.6 million in 2022, then increased by 23.76% to $84.9 million in 2023, then jumped by 45.58% to $123.6 million in 2024, then surged by 69.26% to $209.2 million in 2025, then advanced by 3.25% to $216.0 million in 2026.
  • Business Quant data shows FOUR's Operating Expenses at $216.0 million in Q1 2026, $209.2 million in Q4 2025, and $188.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Shift4 Payments 4.05 Bn 3.58 Bn 392.00 Mn 216.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 73.20 Mn