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Shift4 Payments FOUR Business Segments — Network Costs

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Other financials

Income statement

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Revenue$1.1B+32.2%
Gross profit$392.0M+52.5%
Operating income$50.0M+100%
Net income$15.0M-11.8%
EPS (diluted)-$0.01-105%

Balance sheet

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Cash & equivalents--100%
Total debt$4.6B+59.0%
Total equity$1.7B+105%
Total assets$8.8B+75.0%

Cash flow

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Operating cash flow$134.0M+39.6%
CapEx$6.0M+500%
Free cash flow$128.0M+34.7%

Valuation

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Market cap$3.07B-36.4%
P/E26.2×+4.9×
P/S0.7×-0.7×

Profitability

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Gross margin35.1%+5.1pp
Operating margin8.4%+1.2pp
Net margin2.6%-3.9pp
FCF margin14.8%+1.1pp

Returns & leverage

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Return on equity9.5%-21.1pp
Debt / equity2.8×-0.8×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by Shift4 Payments in its filing.

Tagged under the XBRL concept four:NetworkCosts.

The official record: Shift4 Payments’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shift4 Payments's business segments — network costs?
Shift4 Payments (FOUR) reported business segments — network costs of $572M in Q1 2026.
How has Shift4 Payments's business segments — network costs changed year-over-year?
Shift4 Payments's business segments — network costs increased by 19.4% year-over-year, from $479M to $572M.
What is the long-term trend for Shift4 Payments's business segments — network costs?
Over 3 years (2022 to 2025), Shift4 Payments's business segments — network costs has grown at a 20.2% compound annual growth rate (CAGR), from $1.27B to $2.2B.
What does business segments — network costs mean?
Represents the direct costs paid to card networks, financial institutions, and other payment processors to facilitate transaction routing and settlement. These costs are essential for maintaining the connectivity required for payment processing services and typically scale with transaction volume.