FOUR Shift4 Payments margins

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  3. NYSE: FOUR
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Relative Growth: Rel. Growth: 66
Relative Strength: Rel. Strength: 24
Relative Valuation: Rel. Valuation: 59
Relative Profitability: Rel. Profitability: 41
Gross margin
35.9%
Operating margin
7.7%
EBITDA margin
19.2%
Net margin
2.2%

The Shift4 Payments shows a gross margin of 35.9%, an operating margin of 7.7%, an EBITDA margin of 19.2%, and a net margin of 2.2%. EBITDA margin improved the most, by 8.7 percentage points, while net margin declined the most, by 3.9 percentage points.

FOUR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Shift4 Payments's margins averaged 30.58% gross, 6.75% operating, 13.65% EBITDA, and 4.23% net. Currently, gross, operating, and EBITDA margins are above their three-year averages, while net margin is below its three-year average.

FOUR margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, gross margin expanded by 5.4 percentage points, operating margin by 0.1 percentage points, and EBITDA margin by 8.7 percentage points, while net margin contracted by 3.9 percentage points.

Gross margin expansion
5.4pp
Operating margin expansion
0.1pp
EBITDA margin expansion
8.7pp
Net margin expansion
-3.9pp

FOUR Gross margin

Across the last 3 years, Shift4 Payments's gross margin averaged 30.58%. As of the latest period, the current gross margin for Shift4 Payments is 35.9%, 5.3 percentage points above its three-year average. Gross margin was highest at 35.9% in Jun 2026 and lowest at 26.8% in Dec 2023.

FOUR Operating margin

The average operating margin for Shift4 Payments was 6.75% over the last 3 years. Shift4 Payments's current operating margin is 7.7% and is 1 percentage points above its three-year average. The operating margin for Shift4 Payments moved between 4.5% in Dec 2023 and 8% in Mar 2026.

FOUR EBITDA margin

The average EBITDA margin for Shift4 Payments was 13.65% over the last 3 years. Currently, the current EBITDA margin for Shift4 Payments is 19.2%, 5.6 percentage points above its three-year average. The EBITDA margin for Shift4 Payments moved between 5.3% in Sep 2024 and 19.4% in Sep 2025.

FOUR Net margin

Across the last 3 years, Shift4 Payments's net margin stood at 4.23%. The current net margin stands at 2.2%, 2 percentage points below its three-year average. Net margin was highest at 6.9% in Dec 2024 and lowest at 2.2% in Jun 2026.

FOUR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 35.9%, FOUR stands below the Technology sector and the industry average. Looking at its Technology sector average of 52.3%, Shift4 Payments's gross margin is 31% lower.

FOUR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Shift4 Payments's gross margin?

As of Jun 30, 2026, FOUR has a gross margin of 35.9%.

What is Shift4 Payments's operating margin?

The current operating margin for FOUR is 7.7% as of Jun 30, 2026.

What is Shift4 Payments's EBITDA margin?

As of Jun 30, 2026, FOUR has an EBITDA margin of 19.2%.

What is Shift4 Payments's net margin?

For the period ending Jun 30, 2026, FOUR recorded a net margin of 2.2%.

What are the average margins of FOUR?

Looking back over 3 years, FOUR recorded average margins of 30.6% gross, 6.8% operating, 13.7% EBITDA, and 4.2% net.

What are the highest historical margins of FOUR?

Over this 5-year history, FOUR peaked at 35.9% gross in Jun 2026, 8% operating in Mar 2026, 19.4% EBITDA in Sep 2025, and 6.9% net in Dec 2024.

What are the lowest historical margins of FOUR?

Over this 5-year history, Shift4 Payments's margins fell as low as 20.1% gross in Jun 2022, -3.6% operating in Dec 2021, 5.3% EBITDA in Sep 2024, and -3.5% net in Dec 2021.