Who are Shift4 Payments's main competitors?

Named competitors: Toast, Inc. (TOST), Fiserv (Clover) (FISV), Global Payments (GPN), Block (Square) (XYZ). The cockpit's measured peer set (industry) also includes Paymentus (PAY), Euronet Worldwide (EEFT), Flywire (FLYW), Remitly Global (RELY), Payoneer Global (PAYO), Klarna (KLAR).

Is Shift4 Payments expensive compared with its peers?

On forward p/e it trades at 8.4× against a peer median of 17.2×, 7th cheapest of 15 in its peer set.

How has Shift4 Payments stock performed?

Over six months to 6 Nov 2026 the shares returned +3.2% against +3.0% for the median peer; over one year -34.5%.

← CockpitCompetitor Analysis › FOUR Shift4 Payments, Inc. Class AOpen in the cockpit ↗

Shift4 Payments, Inc. Class AFOURCompetitor analysis, valuation and peers

United States · USD·Financials›Miscellaneous Commercial Services

Integrated payment processing technology provider for restaurants, hotels and other hospitality/retail businesses.

Momentum strong 68

Competitor Analysis ▸ Charts Open in the cockpit Bonds & Credit

Mkt cap

$3.47B

US dollars, full cap

Free float

70%

of shares outstanding

$/day

$92.5M

20-day average traded

Fwd P/E

8.4×

forward earnings

ROIC−WACC

n/a

WACC 8.4%

Hurdle

n/a

no reverse DCF

Official | Implied

B+ / B+

agencies · bond market

Next earnings

116 days

2 Mar 2027

Close · USD$43.96

1D+2.7%

1W+9.8%

1M+11.2%

3M+1.9%

6M+3.2%

YTD-30.2%

1Y-34.5%

ATR %5.8%

Beta1.37

52w lowhigh42.2% off high

What Shift4 Payments does

Integrated payment processing technology provider for restaurants, hotels and other hospitality/retail businesses.

Takes a small cut of every card payment it processes, set as a share of the sale plus a fixed fee, so revenue grows with merchants' sales and with the number of merchants. A large part comes through software partners, whose products embed Shift4 payments by default, and it also sells terminals and other services.

Products and services

Integrated card payment processing
Point-of-sale software integrations
Payment gateway/e-commerce processing

Customers

Restaurants
Hotels
Retailers/software partners

Where it sits in the supply chain

Financial services/fintech
Integrated payment processing (ISV)
Point-of-sale payment integration for…

What could go right

ISV/software partnership channel growth
International merchant expansion

What could go wrong

Competitive payment-processing pricing pressure
Interchange/regulatory fee risk

Moat: narrow (switching costs, distribution). Deep POS software integrations lock in merchants once payment processing is embedded in their operating systems.

Headquarters: Allentown, Pennsylvania · Founded: 1999 · Employees: 6,300

Named competitors

Shift4 Payments at a glance

Size Shift4 Payments (FOUR) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $3.47B, the 1442nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.96 on 6 Nov 2026.

Performance Over six months the shares gained 3.2%, against +3.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 16 in its peer set.

Growth Revenue grew 32.4% over the last twelve months (peer median +17.2%); the operating margin is 9.7% (peer median 11.0%).

Valuation It trades at 8.4× forward earnings against a peer median of 17.2× (7th cheapest of 15).

Credit Shift4 Payments has 3 bonds outstanding ($3.52B), rated B+ by the agencies and trading like B+ at a weighted spread of 312 bp.

Short interest Short interest is 17.7% of the free float (15 Oct 2026).

Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shift4 Payments against the median of its 15 peers (local-currency closes).

Shift4 Payments financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	$4.78B	$4.18B	$3.33B	$2.56B	$1.99B
Revenue growth	—	+25%	+30%	+29%	—
Gross profit	$1.35B	$1.14B	$773M	$534M	$374M
EBITDA	$994M	$853M	$587M	$399M	$235M
Net income	$105M	$118M	$228M	$86.2M	$75.1M
Free cash flow	$433M	$499M	$392M	$297M	$209M
Capital expenditure	$281M	$234M	$173M	$138M	$104M
Total debt	$4.57B	$4.62B	$2.88B	$1.78B	$1.77B

Quarterly statements and history in the cockpit →

Shift4 Payments competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shift4 Payments is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shift4 Payments is the large dot.

Shift4 Payments competitors and peer comparison

Head to head with its named competitors (FOUR vs TOST vs FISV vs GPN)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shift4 Payments FOUR	$3.47B	+3%	+32%	10%	8.4×	n/a
Toast TOST	$20.1B	+38%	+22%	7%	20.9×	28.6%
Fiserv FISV	$33.4B	+13%	-2%	19%	8.2×	n/a
Global Payments GPN	$25.8B	+41%	+7%	21%	6.3×	n/a
Block XYZ	$51.7B	+14%	+7%	20%	17.1×	n/a

How Shift4 Payments compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shift4 Payments against its 15 peers (data as of 6 Nov 2026)
Measure	FOUR	Peer median	Rank in peer set
1-month return	+11.2%	+1.0%	5th highest of 16
6-month return	+3.2%	+3.0%	8th highest of 16
Distance from 52-week high	-42.2%	-20.3%	4th lowest of 16
Revenue growth (TTM)	+32.4%	+17.2%	3rd highest of 16
Operating margin	9.7%	11.0%	7th lowest of 16
Forward P/E	8.4×	17.2×	7th cheapest of 15
Bond spread	312 bp	n/a	—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shift4 Payments FOUR	United States	$3.47B	+3%	+32%	10%	8.4×	n/a	n/a
Paymentus PAY	United States	$3.70B	+20%	+26%	8%	32.3×	n/a	n/a
Euronet Worldwide EEFT	United States	$2.65B	+3%	+5%	11%	6.2×	n/a	n/a
Flywire FLYW	United States	$2.62B	+25%	+31%	9%	33.9×	n/a	n/a
Remitly Global RELY	United States	$4.72B	-7%	+24%	10%	22.7×	n/a	n/a
Payoneer Global PAYO	United States	$2.42B	+39%	+6%	12%	33.9×	n/a	n/a
Klarna KLAR	United States	$5.13B	-6%	+34%	-1%	106.5×	n/a	n/a
PagSeguro Digital PAGS	United States	$2.11B	-25%	+11%	38%	4.5×	n/a	n/a
WEX WEX	United States	$5.99B	+29%	+10%	27%	8.0×	n/a	n/a
EVERTEC EVTC	United States	$2.00B	+40%	+16%	20%	7.8×	n/a	n/a
Marqeta MQ	United States	$1.93B	+11%	+17%	2%	38.5×	n/a	n/a
StoneCo STNE	United States	$1.83B	-30%	-30%	-130%	3.7×	n/a	n/a
PayPay Corporation Sponsored ADR PAYP	United States	$9.97B	-24%	+29%	24%	16.9×	n/a	n/a
Katapult KPLT	United States	$939M	+64%	+13%	17%	n/a	n/a	n/a
Wise WSE	United States	$13.2B	-23%	+20%	22%	17.4×	n/a	n/a
PicS PICS	United States	$889M	-44%	+89%	6%	2.8×	n/a	n/a

Shift4 Payments bonds and credit

Shift4 Payments has 3 bonds outstanding with $3.52B face value. The agencies rate it B+; its bonds trade like B+. Weighted yield 7.14%, a spread of 312 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Who are Shift4 Payments's main competitors?: Named competitors: Toast, Inc. (TOST), Fiserv (Clover) (FISV), Global Payments (GPN), Block (Square) (XYZ). The cockpit's measured peer set (industry) also includes Paymentus (PAY), Euronet Worldwide (EEFT), Flywire (FLYW), Remitly Global (RELY), Payoneer Global (PAYO), Klarna (KLAR).
Is Shift4 Payments expensive compared with its peers?: On forward p/e it trades at 8.4× against a peer median of 17.2×, 7th cheapest of 15 in its peer set.
How has Shift4 Payments stock performed?: Over six months to 6 Nov 2026 the shares returned +3.2% against +3.0% for the median peer; over one year -34.5%.