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| Date | Value |
|---|---|
| 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 |