Shift4 Payments, Inc. (FOUR) Stock Price & Analysis
Shift4 Payments, Inc. (FOUR) closed at USD 40.17 on Thursday, October 22, 2026, up 1.67% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 39.51; the Oct 22, 2026 session ranged USD 39.32–40.65 on volume of 2,030,896 shares. Market capitalization is $3.17B, with a 52-week range of USD 34.56–77.5 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FOUR.md
Key facts (FOUR)
- Last four reported quarters (through Jun 30, 2026): revenue $4.78B, net income $105M (2.2% margin), free cash flow $573M (SEC filings).
- 2 of 80 tracked superinvestors hold FOUR (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $15.9M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.44 on a 1–5 scale) (25 analysts), mean target USD 52.86 (range 40–94).
- Total return with dividends: 1Y -47.1% vs S&P 500 +14.9%; 5Y -47.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.37, revenue estimate $1.34B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FOUR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.99B | $2.56B | $3.33B | $4.18B | $4.78B |
| Gross profit | $278M | — | — | — | — | — |
| Operating income | -$49.2M | $94.7M | $115M | $247M | $351M | $388M |
| Net income | -$48.2M | $75.1M | $86.0M | $230M | $119M | $105M |
| Free cash flow | -$5.2M | $267M | $332M | $493M | $624M | $573M |
| Gross margin | 20.4% | — | — | — | — | — |
| Operating margin | -3.6% | 4.8% | 4.5% | 7.4% | 8.4% | 8.1% |
| Net margin | -3.5% | 3.8% | 3.4% | 6.9% | 2.8% | 2.2% |
| Revenue growth | +78.3% | +45.8% | +28.7% | +29.9% | +25.5% | — |
| Cash + short-term investments | $1.23B | $703M | $455M | $1.21B | $964M | — |
| Total debt | $1.74B | $1.77B | $1.75B | $2.84B | $4.55B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FOUR)
P/E at fiscal year-ends: Dec 2025 0.7x, Dec 2024 0.8x, Dec 2023 1.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (FOUR)
2 of 80 tracked investors hold FOUR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 2.09% | $215M | Reduced -28.3% |
| Bill Miller | Miller Value Partners | 0.34% | $1.5M | Reduced -0.2% |
Insider purchases (SEC Form 4, open-market, last ~7 months) (FOUR)
1 purchase, $15.9M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-11…2026-05-12 | Isaacman Jared | 388,500 | $15.9M | 41.04 | Too little history (no open-market trades in 2023) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FOUR)
Consensus Buy (mean 2.44 on a 1–5 scale), 25 analysts; mean target USD 52.86 (low 40, high 94).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Raymond James | Target lowered | Outperform | $51 → $50 |
| 2026-10-13 | BTIG | Target lowered | Buy | $60 → $50 |
| 2026-10-06 | B. Riley Securities | Target lowered | Buy | $96 → $94 |
| 2026-10-05 | Susquehanna | Target lowered | Positive | $78 → $63 |
| 2026-09-24 | Mizuho | Target lowered | Outperform | $55 → $46 |
| 2026-09-21 | StoneX | Target lowered | Buy | $67 → $56 |
| 2026-09-11 | RBC Capital | Reiterated | Outperform | $67 |
| 2026-08-31 | RBC Capital | Target raised | Outperform | $63 → $67 |
| 2026-08-27 | Truist Securities | Target lowered | Hold | $50 → $49 |
| 2026-08-25 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $55 → $59 |
| 2026-08-24 | B. Riley Securities | Target lowered | Buy | $120 → $96 |
| 2026-08-10 | DA Davidson | Target lowered | Buy | $74 → $68 |
Total return (dividends reinvested) (FOUR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -47.1% | -47.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -47.3% | -12.2% |
| Volatility (annualized) | 65.7% | 56.6% |
| Max drawdown | -53.6% (Oct 2025→Oct 2026) | -70.2% (Feb 2025→Sep 2026) |
FOUR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Payments-based revenue | $1.07B | 82.9% | +23.6% |
| TFS revenue | $117.0M | 9.0% | — |
| Subscription and other revenue | $105.0M | 8.1% | +7.1% |
| Total revenue | $1.29B | 100% | — |
FOUR revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $3.31B | 79.2% | +13.8% |
| Non Us | $868.0M | 20.8% | +106.7% |
| Total revenue | $4.18B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FOUR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | General | “We, our partners and certain of our merchants provide services that may be subject to various state, federal, and foreign privacy laws and regulations, including, among others, the Financial Services Modernization Act of 1999, which we refer to as the Gramm-Leach-Bliley Act ("GLBA"), the EU General Data Protection Regulation 2016/679 ("EU GDPR"), the California Consumer Privacy Act of 2018, as amended by the Calif…” |
| Partner | Shift Payments | “On February 7, 2026, we entered into a Transaction Agreement with Shift Payments, LLC, our Founder, and Rook (the "Transaction Agreement") to effect, among other things, the collapse of our former "Up-C" structure (the "Up-C Collapse") via a taxable exchange, and the assignment and waiver of Rook's rights under the TRA to us (the "Simplification Transactions").” |
| Partner | Rook Holdings | “On February 7, 2026, we entered into a Transaction Agreement with Shift Payments, LLC, our Founder, and Rook (the "Transaction Agreement") to effect, among other things, the collapse of our former "Up-C" structure (the "Up-C Collapse") via a taxable exchange, and the assignment and waiver of Rook's rights under the TRA to us (the "Simplification Transactions").” |
| Competitor | Shopify (SHOP) | “For certain services and solutions, including end-to-end payments, we compete with non-integrated payment processors (such as Chase Paymentech, Elavon, Worldpay, Fiserv and Global Payments) and integrated payment providers (such as Adyen, Lightspeed, Shopify, Square and Toast).” |
Quoted from the company's 10-K filed Feb 27, 2026.
FOUR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.37 | $1.62 | -16.0% | $1.34B | 22 |
| Next quarter (ends Dec 2026) | $1.54 | $1.72 | -10.1% | $1.37B | 21 |
| Current fiscal year (ends Dec 2026) | $5.20 | $5.56 | -6.6% | $5.12B | 24 |
| Next fiscal year (ends Dec 2027) | $6.11 | $6.73 | -9.2% | $5.80B | 25 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 40.17 |
|---|---|
| Change | ▲ 1.67% (up) |
| Previous Close | USD 39.51 |
| Open | USD 39.4 |
| Day Range | USD 39.32 – 40.65 |
| 52-Week Range | USD 34.56 – 77.5 |
| Volume | 2,030,896 shares |
| Market Cap | $3.17B |
| Exchange | NYQ |
Technical Analysis (FOUR)
Nexqual's technical model rates FOUR "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 48.24 (neutral) |
| vs SMA50 | Below (USD 41.65) |
| MACD | -0.34 (negative) |
Analyst Ratings (FOUR)
Wall Street analysts rate FOUR "Buy" based on 25 analysts, with a mean price target of USD 52.86 (range USD 40–94), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 52.86 |
| High Target | USD 94 |
| Low Target | USD 40 |
| Buy / Hold / Sell | 12 / 13 / 0 |
Earnings (FOUR)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.37 |
| Revenue Estimate | $1.34B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.32 vs est 1.24 ▲ beat |
| 2026-03-31 | USD 0.97 vs est 0.96 ▲ beat |
| 2025-12-31 | USD 1.6 vs est 1.6 ▼ miss |
| 2025-09-30 | USD 1.47 vs est 1.48 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (FOUR)
| Total Revenue | $4.78B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +34.10% |
| Gross Margin | +35.90% |
| Operating Margin | +7.49% |
| Profit Margin | +2.20% |
| ROE | +6.49% |
| Debt / Equity | 2.62 |
| Current Ratio | 1.21 |
| Total Cash | $356.00M |
| Total Debt | $4.57B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $573.00M (12.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (FOUR)
Nexqual rates Shift4 Payments, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Strong — Revenue +26% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 36%, operating 7% (last 12 months) |
| Balance Sheet | Weak — $356M cash and investments vs $4.51B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $573M (last 4 quarters to Jun 2026, SEC), 12% margin |
| Efficiency | Mixed — ROE 6%, ROA 3.3% |
Ownership (FOUR)
| Insider Ownership | +30.48% |
|---|---|
| Institutional Ownership | +89.31% |
| Shares Outstanding | 78.96M |
| Float | 44.07M |
| Short % of Float | +18.77% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (FOUR)
Shift4 Payments, Inc. is led by David Taylor Lauber, Chairman of the Board, President & CEO, per Nexqual as of October 23, 2026 at 09:23 UTC.
| Chairman of the Board, President & CEO | David Taylor Lauber |
|---|---|
| Chief Financial Officer | Christopher Nestor Cruz |
| Chief Operating Officer | Doug Demko |
| Executive Vice President of Investor Relations | Thomas Craig McCrohan |
| Senior Vice President of Marketing | Nate Hirshberg |
Major Backers & Investors (FOUR)
Notable institutional backers of Shift4 Payments, Inc. include DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP, Durable Capital Partners Lp, Ensign Peak Advisors, Inc, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 9.07% |
| Durable Capital Partners Lp | 5.6% |
| Ensign Peak Advisors, Inc | 3.87% |
| Neuberger Berman Group, LLC | 3.36% |
| Marshall Wace LLP | 2.57% |
| Fidelity | 2.53% |
| Jupiter Topco LLC | 2.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.07% |
| Vanguard Group | 6.18% |
| State Street | 2.5% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Shift4 Payments, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We offer a single integration to a global end-to-end payment offering, a proprietary gateway and a robust suite of technology solutions to enhance the value of their software and simplify payment acceptance.
- Through our proprietary gateway, our payments platform is integrated with hundreds of software suites including some of the largest and most recognized software providers in the world.
- Our payments platform provides omni-channel card acceptance and processing solutions across multiple payment types, including credit, debit, contactless card, Europay, MasterCard and Visa ("EMV"), QR Pay, and mobile wallets as well as alternative payment methods such as Apple Pay, Google Pay, Alipay and WeChat Pay.
- Marketplace also includes a variety of functional applications including loyalty and inventory management. •TFS Services – We provide a cloud-based solution that facilitates the value-added tax ("VAT") refund process for both merchants and travelers, enhancing cross-border commerce.
Partnerships
- Instead, those payment networks require payment service providers to be sponsored by a member bank, which, for the relevant entities, we have accomplished through a Sponsorship Agreement with a sponsor bank.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with the FCPA, anti-money laundering, economic and trade sanctions regulations, and similar laws could subject us to penalties and other adverse consequences.
- Failure to protect, enforce and defend our intellectual property rights may diminish our competitive advantages or interfere with our ability to market and promote our products and services.
- Our existing patents may not be valid, and we may not be able to obtain and enforce additional patents to protect our proprietary rights from use by potential competitors. Companies with other patents could require us to stop using or pay to use required technology.
- Failure to comply with, or changes in, laws, regulations, executive orders and enforcement activities may adversely affect the products, services and markets in which we operate.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAY | Paymentus Holdings, Inc. | USD 34.07 | ▲ 3.06% |
| DLO | DLocal Limited | USD 14.84 | ▼ 2.05% |
| BLSH | Bullish | USD 29.19 | ▼ 1.95% |
| TENB | Tenable Holdings, Inc. | USD 42 | ▲ 3.27% |
| BB | BlackBerry Limited | USD 8.59 | ▼ 8.71% |
| RELY | Remitly Global, Inc. | USD 25.32 | ▼ 0.39% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt