Shift4 Payments FOUR Business Segments — Change in TRA liability

Similar metrics at other companies

GPGILoss on remeasurement of TRA liability

-$866.25K—

OWLTRA liability

$95.75M-1.5%

NXTTax receivable agreement (TRA) liability

$372.66M-5.6%

SMRTRA tax payment obligation

$582.72M—

SMRTRA, tax payment, percentage

42.5%—

OWLTRA liability (includes $95,748 and $106,793 at fair value, respectively)

$1.61B+11.8%

Questions, answered.

What is Shift4 Payments's business segments — change in TRA liability?

Shift4 Payments (FOUR) reported business segments — change in TRA liability of $0 in Q1 2026.

How has Shift4 Payments's business segments — change in TRA liability changed year-over-year?

Shift4 Payments's business segments — change in TRA liability decreased by 100.0% year-over-year, from $3M to $0.

What is the long-term trend for Shift4 Payments's business segments — change in TRA liability?

Over 3 years (2022 to 2025), Shift4 Payments's business segments — change in TRA liability has grown at a 33.0% compound annual growth rate (CAGR), from -$1.7M to -$4M.

What does business segments — change in TRA liability mean?

Reflects the periodic adjustment to the Tax Receivable Agreement (TRA) liability, which arises from obligations to pay historical shareholders for tax benefits realized. Changes in this liability are driven by shifts in tax rates, projected taxable income, and the timing of tax attribute utilization.