Payments-Based Revenue was Shift4 Payments’s largest product and service line in fiscal 2025, bringing in $6.94B of $8.36B (83%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Payments-Based Revenue | $3.71B | $4.77B | $5.98B | $6.94B | ||||
| Tfs Revenue | — | — | — | $510.00M | ||||
| Subscription & Other Revenues | $273.00M | $358.00M | $682.00M | $908.00M | ||||
| Total | $3.99B | $5.13B | $6.66B | $8.36B |
Shift4 Payments brought in $8.36B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Shift4 Payments regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $6.66B. Payments-Based Revenue was the largest at $6.94B (83.0%), ahead of Subscription & Other Revenues at $908.00M (10.9%) and Tfs Revenue at $510.00M (6.1%).
Compared with fiscal 2024, Subscription & Other Revenues grew 33.1% to $908.00M and Payments-Based Revenue grew 16.1% to $6.94B.
Shift4 Payments began breaking out Tfs Revenue in fiscal 2025, when it brought in $510.00M.
U.S was Shift4 Payments’s largest region in fiscal 2025, bringing in $6.62B of $8.36B (79%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| U.S | $3.97B | $4.93B | $5.82B | $6.62B | |
| International | $16.00M | $202.00M | $840.00M | $1.74B | |
| Total | $3.99B | $5.13B | $6.66B | $8.36B |
Shift4 Payments brought in $8.36B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 25.5% from $6.66B in fiscal 2024. U.S was the largest at $6.62B (79.2%), ahead of International at $1.74B (20.8%).
Compared with fiscal 2024, International grew 106.7% to $1.74B and U.S grew 13.8% to $6.62B. From fiscal 2022 to 2025, combined revenue from these regions grew from $3.99B to $8.36B, a compound annual growth rate of 28.0%. U.S's share of the total fell from 99.6% to 79.2%.
Over-Time Revenue was Shift4 Payments’s largest revenue line in fiscal 2020, bringing in $1.47B of $1.53B (96%).
| Timing of Transfer of Good or Service | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|
| Over-Time Revenue | $1.05B | $1.38B | $1.47B |
| Point-In-Time Revenue | $70.20M | $87.00M | $60.40M |
| Total | $1.12B | $1.46B | $1.53B |
Shift4 Payments brought in $1.53B from its two revenue lines in fiscal 2020, the year ended December 31, 2020. That was up 4.9% from $1.46B in fiscal 2019. Over-Time Revenue was the largest at $1.47B (96.1%), ahead of Point-In-Time Revenue at $60.40M (3.9%).
Compared with fiscal 2019, Over-Time Revenue grew 7.1% to $1.47B, while Point-In-Time Revenue fell 30.6% to $60.40M. From fiscal 2018 to 2020, combined revenue from these revenue lines grew from $1.12B to $1.53B, a compound annual growth rate of 17.0%. Over-Time Revenue's share of the total rose from 93.7% to 96.1%.
Shift4 Payments (FOUR) reports its revenue by product and service, by geography and by timing of transfer of good or service. In fiscal 2025, Payments-Based Revenue was its largest product and service line, bringing in $6.94B (83.0% of the total), followed by Subscription & Other Revenues at $908.00M (10.9%).
Payments-Based Revenue was Shift4 Payments' largest product and service line in fiscal 2025, bringing in $6.94B, or 83.0% of the $8.36B total across its three product and service lines.
U.S was Shift4 Payments' largest region in fiscal 2025, bringing in $6.62B, or 79.2% of the $8.36B total across its two regions.
Over-Time Revenue was Shift4 Payments' largest revenue line in fiscal 2020, bringing in $1.47B, or 96.1% of the $1.53B total across its two revenue lines.
International grew faster than U.S in fiscal 2025, up 106.7% from $840.00M to $1.74B. U.S grew 13.8% to $6.62B.
Every figure comes from Shift4 Payments' annual financial filings, as reported. Each line keeps the name Shift4 Payments gives it, and years follow its fiscal calendar.
Shift4 Payments' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.