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Shift4 Payments FOUR Change in TRA liability

Change in TRA liability at other companies

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Segments

By segment

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Reportable Segment$0-100%

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:ChangeInTaxReceivableAgreementLiability.

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 change in TRA liability?
Shift4 Payments (FOUR) reported change in TRA liability of -$120M in Q1 2026.
How has Shift4 Payments's change in TRA liability changed year-over-year?
Shift4 Payments's change in TRA liability decreased by 4100.0% year-over-year, from $3M to -$120M.
What does change in TRA liability mean?
This metric tracks the periodic change in the liability associated with Tax Receivable Agreements (TRA), which typically govern the sharing of tax benefits with pre-IPO shareholders. It reflects the obligation to pay out a portion of realized cash tax savings resulting from the utilization of tax attributes like net operating losses or basis step-ups. Changes in this balance are driven by the company's taxable income levels and the resulting utilization of these specific tax assets.