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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Benefit (Provision)

Components of income tax benefit (provision) consist of the following:

			Year Ended December 31,
			2024						2023						2022
Current
Federal			$	(11.2)					$	(0.7)					$	(0.3)
State			(3.7)						(0.4)						—
Foreign			(11.0)						(4.2)						(2.0)
Total current income tax benefit (provision)			(25.9)						(5.3)						(2.3)
Deferred
Federal			252.0						5.5						0.9
State			65.9						2.3						1.0
Foreign			4.1						0.9						0.2
Total deferred income tax benefit (provision)			322.0						8.7						2.1
Total income tax benefit (provision)			$	296.1					$	3.4					$	(0.2)

Schedule of Reconciliation of United States Statutory Income Tax Rate to Effective Income Tax Rate

A reconciliation of the U.S. statutory income tax rate to the Company’s effective income tax rate is as follows:

			Year Ended December 31,
			2024						2023						2022
Federal statutory rate			21.0		%				21.0		%				21.0		%
Noncontrolling interests/effect of pass-through entities (LLC income (loss))			850.0		%				(6.5		%)				(3.3		%)
State income taxes, net of federal benefit			(250.0		%)				25.9		%				(13.3		%)
Permanent items			106.3		%				2.1		%				0.8		%
Impacts of business combinations			—		%				—		%				(7.4		%)
Impacts of Recording Tax Receivable Agreement			262.5		%				—		%				—		%
Change in fair value of contingent consideration			—		%				0.9		%				(11.5		%)
Foreign rate differential			450.0		%				0.4		%				1.7		%
Unrecognized tax benefit			—		%				—		%				1.0		%
Change in valuation allowance			18,100.0		%				(47.4		%)				9.1		%
Equity-based compensation			6.3		%				0.2		%				2.3		%
Research and development tax credits			93.7		%				—		%				—		%
U.S. taxation of worldwide subsidiaries, net of foreign tax credits			(1,137.5		%)				—		%				—		%
Other			4.0		%				0.6		%				(0.2		%)
Effective income tax rate			18,506.3		%				(2.8		%)				0.2		%

Schedule of Income before Income Tax, Domestic and Foreign

The following table sets forth the Company’s income (loss) before income taxes for its domestic and foreign operations for the years ended December 31, 2024, 2023, and 2022:

			December 31,
			2024						2023						2022
Domestic			$	(61.4)					$	110.0					$	89.6
Foreign			59.8						9.5						(2.7)
Income (loss) before income taxes			$	(1.6)					$	119.5					$	86.9

Schedule of Deferred Tax Assets and Liabilities

Details of the Company’s deferred tax assets and liabilities are as follows:

			December 31,
			2024						2023
Deferred tax assets:
Investment in Shift4 Payments, LLC			$	465.3					$	249.4
Net operating loss and tax credits carryforward			84.0						87.6
Lease liabilities			5.5						1.7
Equity-based compensation			8.3						6.3
Accrued expenses			1.9						2.4
Other			19.2						6.4
Subtotal			584.2						353.8
Valuation allowance			(137.4)						(334.1)
Total deferred tax assets			446.8						19.7
Deferred tax liabilities:
Intangible assets			(100.4)						(38.6)
Fixed assets			(1.3)						(2.1)
Right-of-use assets			(4.9)						(2.0)
Other liabilities			(4.0)						(5.0)
Total deferred tax liabilities			(110.6)						(47.7)
Net deferred tax asset (liability)			$	336.2					$	(28.0)

Schedule of Total Amounts of Unrecognized Tax Benefits

Below is a tabular reconciliation of the total amounts of unrecognized tax benefits:

			Year Ended December 31,
			2024						2023						2022
Beginning balance			$	4.7					$	8.0					$	—
Increase related to current year tax positions			0.7						0.8						0.9
Increase attributable to positions acquired through business combinations			6.0						0.9						7.1
Decrease related to prior year tax positions			(0.2)						—						—
Decrease attributable to measurement period adjustments			—						(5.0)
Decrease attributable to statute of limitation expirations			(0.8)						—						—
Ending balance			$	10.4					$	4.7					$	8.0
Total amount of interest and penalties recognized in the Consolidated Statements of Operations			$	0.6					$	0.7					$	0.1
Total amount of interest and penalties recognized in the Consolidated Balance Sheets			$	2.0					$	1.9					$	1.8

Schedule of Open Tax Years

The Company's open tax years by major taxing jurisdictions are as follows:

Jurisdiction						Open Tax Years
United States						2021 - 2024
Israel						2019 - 2024
Lithuania						2020 - 2024
Malta						2019 - 2024
Switzerland						2023 - 2024

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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