Shift4 Payments Inc
NYSE:FOUR
Income Statement
Earnings Waterfall
Shift4 Payments Inc
Income Statement
Shift4 Payments Inc
| Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Interest Expense |
32
|
40
|
33
|
28
|
28
|
28
|
29
|
32
|
32
|
33
|
33
|
32
|
32
|
32
|
32
|
32
|
43
|
62
|
82
|
114
|
156
|
|
| Revenue |
556
N/A
|
767
+38%
|
807
+5%
|
1 016
+26%
|
1 179
+16%
|
1 368
+16%
|
1 530
+12%
|
1 686
+10%
|
1 855
+10%
|
1 994
+7%
|
2 139
+7%
|
2 269
+6%
|
2 397
+6%
|
2 565
+7%
|
2 725
+6%
|
2 915
+7%
|
3 149
+8%
|
3 331
+6%
|
3 472
+4%
|
3 611
+4%
|
3 878
+7%
|
|
| Gross Profit | ||||||||||||||||||||||
| Cost of Revenue |
(430)
|
(589)
|
(622)
|
(785)
|
(935)
|
(1 089)
|
(1 219)
|
(1 347)
|
(1 445)
|
(1 523)
|
(1 608)
|
(1 677)
|
(1 760)
|
(1 877)
|
(1 995)
|
(2 120)
|
(2 267)
|
(2 358)
|
(2 429)
|
(2 508)
|
(2 614)
|
|
| Gross Profit |
127
N/A
|
178
+41%
|
184
+4%
|
231
+25%
|
244
+6%
|
278
+14%
|
311
+12%
|
339
+9%
|
410
+21%
|
470
+15%
|
531
+13%
|
592
+12%
|
637
+8%
|
688
+8%
|
730
+6%
|
795
+9%
|
882
+11%
|
973
+10%
|
1 042
+7%
|
1 103
+6%
|
1 265
+15%
|
|
| Operating Income | ||||||||||||||||||||||
| Operating Expenses |
(167)
|
(233)
|
(260)
|
(250)
|
(260)
|
(267)
|
(288)
|
(299)
|
(304)
|
(344)
|
(394)
|
(444)
|
(506)
|
(508)
|
(556)
|
(585)
|
(631)
|
(666)
|
(700)
|
(728)
|
(824)
|
|
| Selling, General & Administrative |
(151)
|
(196)
|
(217)
|
(191)
|
(203)
|
(207)
|
(228)
|
(237)
|
(266)
|
(288)
|
(313)
|
(339)
|
(352)
|
(365)
|
(408)
|
(443)
|
(489)
|
(513)
|
(550)
|
(573)
|
(624)
|
|
| Research & Development |
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(34)
|
(48)
|
(53)
|
(58)
|
(57)
|
(58)
|
(60)
|
(61)
|
(75)
|
(92)
|
(110)
|
(129)
|
(132)
|
(119)
|
(130)
|
(129)
|
(136)
|
(145)
|
(152)
|
(158)
|
(207)
|
|
| Other Operating Expenses |
18
|
12
|
10
|
(1)
|
0
|
0
|
0
|
0
|
37
|
37
|
29
|
24
|
(22)
|
(23)
|
(18)
|
(13)
|
(6)
|
(4)
|
2
|
3
|
7
|
|
| Operating Income |
(40)
N/A
|
(55)
-38%
|
(76)
-37%
|
(19)
+75%
|
(16)
+15%
|
11
N/A
|
24
+115%
|
40
+70%
|
106
+164%
|
126
+19%
|
137
+9%
|
148
+8%
|
131
-12%
|
180
+37%
|
174
-3%
|
210
+20%
|
251
+20%
|
307
+22%
|
342
+11%
|
375
+9%
|
441
+18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||
| Interest Income Expense |
(32)
|
(40)
|
(33)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(28)
|
(7)
|
10
|
18
|
27
|
8
|
12
|
8
|
6
|
40
|
13
|
(7)
|
(53)
|
|
| Non-Reccuring Items |
(19)
|
(19)
|
(50)
|
(38)
|
(43)
|
(60)
|
(41)
|
(40)
|
(46)
|
(31)
|
(22)
|
(22)
|
(14)
|
(61)
|
(47)
|
(57)
|
(63)
|
(62)
|
(90)
|
(99)
|
(139)
|
|
| Total Other Income |
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(7)
|
(7)
|
(9)
|
(298)
|
(287)
|
(286)
|
(286)
|
3
|
|
| Pre-Tax Income |
(91)
N/A
|
(114)
-25%
|
(159)
-40%
|
(85)
+47%
|
(87)
-3%
|
(77)
+11%
|
(46)
+40%
|
(29)
+38%
|
32
N/A
|
87
+176%
|
123
+42%
|
141
+14%
|
140
0%
|
120
-15%
|
133
+11%
|
152
+14%
|
(104)
N/A
|
(2)
+98%
|
(20)
-1 156%
|
(17)
+15%
|
252
N/A
|
|
| Net Income | ||||||||||||||||||||||
| Tax Provision |
1
|
2
|
2
|
7
|
6
|
3
|
10
|
3
|
3
|
(0)
|
(3)
|
2
|
2
|
3
|
(2)
|
(3)
|
278
|
296
|
306
|
289
|
(18)
|
|
| Income from Continuing Operations |
(90)
|
(111)
|
(157)
|
(78)
|
(82)
|
(74)
|
(36)
|
(26)
|
35
|
87
|
120
|
142
|
142
|
123
|
131
|
149
|
174
|
295
|
286
|
272
|
233
|
|
| Income to Minority Interest |
84
|
93
|
184
|
109
|
109
|
26
|
13
|
10
|
2
|
(12)
|
(23)
|
(30)
|
(41)
|
(37)
|
(39)
|
(43)
|
(47)
|
(65)
|
(60)
|
(52)
|
(39)
|
|
| Net Income (Common) |
(6)
N/A
|
(19)
-218%
|
26
N/A
|
30
+16%
|
26
-14%
|
(49)
N/A
|
(23)
+53%
|
(16)
+31%
|
36
N/A
|
75
+106%
|
97
+30%
|
112
+15%
|
102
-9%
|
86
-15%
|
92
+7%
|
106
+15%
|
127
+20%
|
227
+79%
|
224
-1%
|
208
-7%
|
168
-19%
|
|
| EPS (Diluted) |
-0.15
N/A
|
-0.43
-187%
|
0.49
N/A
|
0.35
-29%
|
0.46
+31%
|
-0.89
N/A
|
-0.4
+55%
|
-0.19
+53%
|
0.44
N/A
|
0.91
+107%
|
1.15
+26%
|
1.86
+62%
|
1.71
-8%
|
1.42
-17%
|
1.35
-5%
|
1.57
+16%
|
1.39
-11%
|
2.48
+78%
|
2.43
-2%
|
2.33
-4%
|
1.85
-21%
|
|