7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 
      
    		                      
      assets
    		                      
      current assets
    		                      
      cash and cash equivalents
    		1,511,500,000 3,029,300,000 1,167,300,000 1,211,900,000 1,426,400,000 205,000,000 522,900,000 455,000,000 692,300,000 649,000,000 743,900,000 776,500,000 672,700,000 1,018,200,000 1,189,000,000 1,231,500,000 1,288,100,000 699,700,000 844,900,000 927,800,000 328,900,000  
      settlement assets
    		288,000,000 312,200,000 289,000,000 298,100,000 283,200,000 279,100,000 316,400,000 321,200,000               
      accounts receivable
    		771,500,000 372,700,000 330,600,000 348,700,000 317,800,000 310,500,000 252,200,000 256,800,000 232,100,000 228,700,000 209,300,000 195,000,000 262,200,000 251,300,000 223,000,000 205,900,000 184,400,000 177,200,000 127,900,000 92,700,000 91,300,000 68,600,000 
      prepaid expenses and other current assets
    		129,100,000 65,200,000 57,200,000 42,800,000 60,100,000 50,200,000 39,300,000 32,500,000 20,700,000 16,500,000 17,500,000 15,400,000 19,900,000 12,100,000 12,900,000 12,400,000 13,200,000 14,800,000 11,800,000 11,500,000 12,300,000 11,000,000 
      total current assets
    		2,700,100,000 3,779,400,000 1,844,100,000 1,910,400,000 2,094,600,000 927,700,000 1,190,800,000 1,153,300,000 1,038,600,000 973,300,000 1,049,000,000 991,700,000 960,700,000 1,283,900,000 1,428,100,000 1,453,600,000 1,487,700,000 893,300,000 986,200,000 1,033,500,000 433,700,000 332,000,000 
      noncurrent assets
    		                      
      equipment for lease
    		208,700,000 192,900,000 176,900,000 165,100,000 156,900,000 144,500,000 133,000,000 123,100,000 111,100,000 100,800,000 89,600,000 80,700,000 70,500,000 65,200,000 60,000,000 58,400,000 56,300,000 47,200,000 41,000,000 36,600,000 32,700,000  
      property, plant and equipment
    		45,300,000 22,200,000 24,000,000 27,200,000 27,400,000 28,500,000 27,300,000 28,600,000 27,900,000 27,000,000 23,700,000 22,300,000 21,400,000 17,700,000 18,100,000 18,400,000 17,800,000 17,500,000 14,500,000 15,100,000 14,000,000 14,200,000 
      right-of-use assets
    		61,900,000 33,600,000 35,200,000 36,900,000 30,600,000 29,700,000 20,900,000 22,800,000 21,500,000 20,700,000 20,600,000 19,500,000 16,700,000 16,200,000         
      collateral held by the card networks
    		41,600,000 41,400,000 38,800,000 37,500,000 39,100,000 37,500,000 37,500,000 37,700,000               
      goodwill
    		2,465,500,000 1,517,700,000 1,472,200,000 1,455,600,000 1,324,000,000 1,299,900,000 1,107,400,000 1,111,300,000 755,400,000 757,100,000 737,000,000 735,000,000 777,300,000 627,100,000 627,000,000 537,700,000 537,600,000 525,200,000 525,000,000 477,000,000 422,000,000 422,000,000 
      residual commission buyouts
    		107,800,000 119,300,000 135,900,000 157,200,000 167,300,000 187,400,000 208,800,000 229,600,000 251,700,000 268,700,000 283,000,000 303,900,000           
      capitalized customer acquisition costs
    		80,200,000 72,400,000 66,900,000 65,300,000 63,300,000 59,000,000 55,600,000 51,700,000 48,300,000 43,900,000 39,600,000 36,100,000 35,200,000          
      other intangible assets
    		2,827,500,000 778,700,000 767,300,000 758,400,000 672,100,000 674,000,000 534,400,000 548,800,000 324,500,000 332,400,000 306,000,000 306,800,000 561,700,000 219,000,000 213,000,000 188,500,000 188,300,000 185,100,000 194,000,000 186,300,000 183,000,000 192,200,000 
      deferred tax assets
    		411,800,000 391,600,000 396,300,000 396,800,000 370,900,000                  
      other noncurrent assets
    		39,400,000 41,400,000 46,100,000 31,000,000 23,800,000 33,100,000 19,000,000 18,700,000 12,300,000 10,700,000 10,400,000 10,900,000 10,200,000 1,900,000 1,600,000 1,900,000 2,100,000 500,000 600,000 600,000 500,000 1,300,000 
      total assets
    		8,989,800,000 6,990,600,000 5,003,700,000 5,041,400,000 5,048,900,000 3,494,200,000 3,407,800,000 3,387,800,000 2,649,900,000 2,590,600,000 2,614,900,000 2,554,000,000 2,485,700,000 2,299,600,000 2,432,100,000 2,342,600,000 2,355,100,000 1,731,100,000 1,808,600,000 1,779,300,000 1,115,600,000 1,014,300,000 
      liabilities and stockholders' equity
    		                      
      current liabilities
    		                      
      current portion of debt
    		699,400,000 688,600,000 687,800,000 686,900,000                900,000 1,800,000 2,600,000 
      settlement liabilities
    		279,700,000 308,200,000 281,900,000 293,300,000 278,300,000 274,400,000 308,700,000 315,200,000               
      accounts payable
    		670,000,000 284,600,000 263,000,000 248,300,000 252,000,000 263,900,000 224,400,000 204,600,000 181,300,000 189,300,000 173,800,000 166,700,000 177,100,000 155,200,000 137,300,000 121,100,000 125,800,000 116,400,000 87,500,000 60,600,000 76,700,000 64,800,000 
      accrued expenses and other current liabilities
    		251,000,000 161,700,000 100,600,000 120,500,000 138,100,000 120,500,000 94,600,000 83,900,000 110,100,000 89,200,000 82,500,000 80,000,000 86,600,000 97,300,000 95,200,000 42,900,000 37,400,000 36,200,000 37,000,000 30,100,000 26,500,000 24,400,000 
      current portion of tra liability
    		25,900,000 25,800,000 1,100,000 4,300,000                   
      deferred revenue
    		14,000,000 12,900,000 11,000,000 15,500,000 22,100,000 18,600,000 14,700,000 20,600,000 14,900,000 15,800,000 21,000,000 16,300,000 20,300,000 18,700,000 21,900,000 15,000,000 16,800,000 12,000,000 14,500,000 7,800,000 8,100,000 8,200,000 
      current lease liabilities
    		18,000,000 10,800,000 10,900,000 11,000,000 8,700,000 8,900,000 7,400,000 7,800,000 6,700,000 6,100,000 5,800,000 5,300,000 4,600,000 4,100,000 4,400,000 4,800,000       
      total current liabilities
    		1,958,000,000 1,492,600,000 1,356,300,000 1,379,800,000 703,400,000 686,300,000 700,300,000 704,400,000 313,000,000 300,400,000 283,100,000 268,300,000 288,600,000 275,300,000 258,800,000 183,800,000 180,000,000 164,600,000 139,000,000 99,400,000 113,100,000 100,000,000 
      noncurrent liabilities
    		                      
      long-term debt
    		4,019,800,000 3,043,200,000 2,155,700,000 2,154,100,000 2,838,000,000 1,754,300,000 1,752,300,000 1,750,200,000 1,748,100,000 1,746,000,000 1,744,000,000 1,741,900,000 1,739,800,000 1,737,800,000 1,735,900,000 1,738,500,000 1,736,800,000 1,117,600,000 1,116,400,000 1,005,400,000 437,700,000 437,400,000 
      noncurrent portion of tra liability
    		336,300,000 336,400,000 361,400,000 361,200,000                   
      deferred tax liabilities
    		348,900,000 40,800,000 44,400,000 60,600,000 32,700,000                  
      noncurrent lease liabilities
    		51,200,000 26,000,000 27,600,000 29,300,000 25,400,000 24,400,000 17,000,000 18,800,000 18,800,000 18,500,000 18,800,000 18,100,000 15,900,000 16,000,000 16,600,000 17,900,000       
      other noncurrent liabilities
    		43,600,000 32,800,000 42,300,000 38,700,000 35,700,000 39,300,000 14,800,000 17,300,000 11,600,000 28,700,000 29,500,000 26,500,000 11,300,000 1,900,000 2,200,000 2,400,000 2,900,000 2,100,000 1,400,000 1,700,000 2,100,000 2,600,000 
      total liabilities
    		6,757,800,000 4,971,800,000 3,987,700,000 4,023,700,000 4,001,100,000 2,535,400,000 2,512,000,000 2,519,400,000 2,108,900,000 2,111,400,000 2,088,500,000 2,073,400,000 2,064,900,000 2,032,200,000 2,013,900,000 1,942,900,000 1,919,700,000 1,284,900,000 1,259,500,000 1,109,300,000 558,100,000 543,700,000 
      redeemable noncontrolling interests
    		28,000,000 28,200,000                     
      stockholders' equity
    		                      
      series a mandatory convertible preferred stock, 0.0001 par value, 10,000,000 and no shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively, out of 20,000,000 shares authorized.
    		973,200,000                      
      class a common stock
    		                      
      class b common stock
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,253,566 and 1,519,826 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively.
    		                      
      additional paid-in capital
    		932,800,000 852,400,000 1,067,400,000 1,063,000,000 1,048,700,000 1,005,700,000 997,100,000 985,900,000 748,900,000 733,800,000 730,200,000 702,600,000 696,000,000 635,500,000 659,600,000 619,200,000 614,300,000 601,300,000 660,500,000 738,300,000 572,600,000 517,700,000 
      accumulated other comprehensive income
    		47,100,000 62,900,000  -28,200,000 20,600,000 -7,100,000 3,500,000 14,100,000 6,300,000 10,300,000 10,400,000 8,300,000           
      retained deficit
    		-283,400,000 -296,400,000 -259,600,000 -228,200,000 -257,500,000 -297,800,000 -326,100,000 -346,700,000 -355,000,000 -387,600,000 -348,800,000 -363,600,000 -392,800,000 -422,800,000 -332,800,000 -325,300,000 -315,900,000 -306,700,000 -309,900,000 -278,700,000 -262,600,000 -257,600,000 
      total stockholders' equity attributable to shift4 payments, inc.
    		1,669,700,000 1,592,500,000 805,200,000 806,600,000 811,800,000 700,800,000 674,500,000 653,300,000 400,200,000 356,500,000 391,800,000 347,300,000 302,500,000 183,500,000 288,500,000 272,800,000 298,400,000 294,600,000 350,600,000    
      non-redeemable noncontrolling interests
    		534,300,000 398,100,000                     
      total stockholders' equity
    		2,204,000,000 1,990,600,000 1,016,000,000 1,017,700,000 1,047,800,000 958,800,000 895,800,000 868,400,000 541,000,000 479,200,000 526,400,000 480,600,000 420,800,000 267,400,000 418,200,000 399,700,000 435,400,000 446,200,000 549,100,000    
      total liabilities, redeemable noncontrolling interests and stockholders' equity
    		8,989,800,000 6,990,600,000                     
      see accompanying notes to unaudited condensed consolidated financial statements.
    		                      
      series a mandatory convertible preferred stock, 0.0001 par value, 10,000,000 and no shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively, out of 20,000,000 shares authorized.
    		 973,600,000                     
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,338,907 and 1,519,826 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively.
    		                      
      commitments and contingencies
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at march 31, 2025 and december 31, 2024, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,347,373 and 1,519,826 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively.
    		                      
      accumulated other comprehensive loss
    		  -2,600,000          -700,000 -400,000         
      noncontrolling interests
    		  210,800,000 211,100,000 236,000,000 258,000,000 221,300,000 215,100,000 140,800,000 122,700,000 134,600,000 133,300,000 118,300,000 83,900,000 129,700,000 126,900,000 137,000,000 151,600,000 198,500,000 210,400,000 247,500,000 210,500,000 
      total liabilities and stockholders' equity
    		  5,003,700,000 5,041,400,000 5,048,900,000 3,494,200,000 3,407,800,000 3,387,800,000 2,649,900,000 2,590,600,000 2,614,900,000 2,554,000,000 2,485,700,000 2,299,600,000 2,432,100,000 2,342,600,000 2,355,100,000 1,731,100,000 1,808,600,000    
      restricted cash
    		     74,800,000 57,300,000 84,400,000 91,000,000 76,300,000 74,000,000            
      inventory
    		   8,900,000 7,100,000 8,100,000 2,700,000 3,400,000 2,500,000 2,800,000 4,300,000 4,800,000 5,900,000 2,300,000 2,900,000 3,500,000 2,000,000 1,600,000 1,600,000 1,500,000 1,200,000 8,400,000 
      bank deposits
    		      50,500,000 72,300,000               
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at december 31, 2024 and 2023, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,519,826 and 1,694,915 shares issued and outstanding at december 31, 2024 and 2023, respectively
    		                      
      see accompanying notes to consolidated financial statements.
    		                      
      investments in securities
    		    78,900,000 72,900,000 73,100,000 62,200,000 58,600,000 56,000,000 56,000,000 47,100,000 32,000,000 32,000,000 32,000,000 30,500,000 29,500,000 29,500,000 16,000,000    
      current tra liability
    		    4,200,000                  
      noncurrent tra liability
    		    365,900,000                  
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at september 30, 2024 and december 31, 2023, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,635,770 and 1,694,915 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively.
    		                      
      deferred tax liability
    		     31,100,000 27,600,000 28,700,000 17,400,000 17,800,000 13,100,000 18,600,000 9,300,000 1,200,000 400,000 300,000  600,000 2,700,000 2,800,000 5,200,000 3,700,000 
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at june 30, 2024 and december 31, 2023, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,665,854 and 1,694,915 shares issued and outstanding at both june 30, 2024 and december 31, 2023, respectively.
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at march 31, 2024 and december 31, 2023, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,694,915 shares issued and outstanding at both march 31, 2024 and december 31, 2023
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at december 31, 2023 and 2022, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,694,915 and 2,889,811 shares issued and outstanding at december 31, 2023 and 2022, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at september 30, 2023 and december 31, 2022, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,759,273 and 2,889,811 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively
    		                      
      total noncurrent assets
    		         1,617,300,000 1,565,900,000 1,562,300,000 1,525,000,000 1,015,700,000 1,004,000,000 889,000,000 867,400,000 837,800,000 822,400,000 745,800,000 681,900,000 682,300,000 
      total noncurrent liabilities
    		         1,811,000,000 1,805,400,000 1,805,100,000 1,776,300,000 1,756,900,000 1,755,100,000 1,759,100,000 1,739,700,000 1,120,300,000 1,120,500,000 1,009,900,000 445,000,000 443,700,000 
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at june 30, 2023 and december 31, 2022, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 1,759,273 and 2,889,811 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at march 31, 2023 and december 31, 2022, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 2,090,706 and 2,889,811 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at december 31, 2022 and 2021, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 2,889,811 and 5,035,181 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively
    		                      
      treasury stock
    		             -28,800,000 -38,300,000 -21,100,000       
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at september 30, 2022 and december 31, 2021, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 3,626,749 and 5,035,181 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively
    		                      
      capitalized acquisition costs
    		             36,600,000 35,300,000 35,100,000 34,300,000 32,800,000 31,300,000 30,200,000 29,700,000 29,300,000 
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at june 30, 2022 and december 31, 2021, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 3,650,380 and 5,035,181 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively
    		                      
      contract assets
    		              300,000 300,000       
      right of use assets
    		              17,000,000 18,500,000       
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at march 31, 2022 and december 31, 2021, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 4,302,657 and 5,035,181 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at december 31, 2021 and 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 5,035,181 and 10,188,852 shares issued and outstanding at december 31, 2021 and 2020, respectively
    		                      
      deferred tax asset
    		                1,500,000      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at september 30, 2021 and december 31, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 5,139,890 and 10,188,852 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at june 30, 2021 and december 31, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 7,422,140 and 10,188,852 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at march 31, 2021 and december 31, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 9,114,852 and 10,188,852 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively
    		                      
      contract assets, net of allowance for doubtful accounts of 0 in 2020
    		                      
      liabilities and stockholders' equity/members'
    		                      
      redeemable preferred units, 100,000 par value; 430 shares authorized, issued and outstanding at december 31, 2019
    		                      
      members' deficit - shift4 payments, llc
    		                      
      class a common units, 0 par value; 100,000 shares authorized, issued and outstanding at december 31, 2019
    		                      
      class b common units, 323 par value; 1,010 shares authorized, issued and outstanding at december 31, 2019
    		                      
      members' equity
    		                      
      stockholders' equity - shift4 payments, inc.
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at december 31, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 10,188,852 shares issued and outstanding at december 31, 2020
    		                      
      total stockholders' equity attributable to shift4 payments, inc./members'
    		                   459,600,000 310,000,000  
      total stockholders' equity/members'
    		                   670,000,000 557,500,000  
      total liabilities and stockholders' equity/members' deficit
    		                   1,779,300,000 1,115,600,000  
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at september 30, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 15,920,291 shares issued and outstanding at september 30, 2020
    		                      
      cash
    		                     244,000,000 
      contract assets, net of allowance for doubtful accounts of - in 2020
    		                      
      equipment under lease
    		                     23,300,000 
      liabilities and members' deficit/stockholders' equity
    		                      
      preferred stock, 0.0001 par value, 20,000,000 shares authorized at june 30, 2020, none issued and outstanding
    		                      
      class c common stock, 0.0001 par value per share, 100,000,000 shares authorized, 20,139,163 shares issued and outstanding at june 30, 2020
    		                      
      total members' deficit/stockholders' equity attributable to shift4 payments, inc.
    		                     260,100,000 
      total members deficit/stockholders' equity
    		                     470,600,000 
      total liabilities and members' deficit/stockholders' equity
    		                     1,014,300,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.