XML 24 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Gross revenue $ 1,295.0 $ 966.0 $ 2,416.0 $ 1,814.0
Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (849.0) (674.0) (1,578.0) (1,265.0)
General and administrative expenses (231.0) (131.0) (447.0) (284.0)
Revaluation of contingent liabilities 0.0 1.0 0.0 4.0
Depreciation and amortization expense [1] (94.0) (57.0) (188.0) (113.0)
Professional expenses (15.0) (15.0) (36.0) (34.0)
Advertising and marketing expenses (11.0) (7.0) (22.0) (14.0)
Income from operations 95.0 83.0 145.0 108.0
Loss on extinguishment of debt 0.0 (3.0) 0.0 (3.0)
Interest income 3.0 19.0 8.0 32.0
Other income (expense), net 2.0 (3.0) 0.0 (4.0)
Gain on investments in securities 2.0 0.0 2.0 0.0
Change in TRA liability 0.0 (1.0) 0.0 2.0
Interest expense (65.0) (39.0) (130.0) (68.0)
Income before income taxes 37.0 56.0 25.0 67.0
Income tax benefit (expense) (13.0) (15.0) 11.0 (6.0)
Net income 24.0 41.0 36.0 61.0
Less: Net (income) loss attributable to noncontrolling interests (2.0) (7.0) 1.0 (10.0)
Net income attributable to Shift4 Payments, Inc. 22.0 34.0 37.0 51.0
Less: Preferred dividends (15.0) (10.0) (31.0) (10.0)
Net income attributable to common stockholders $ 7.0 $ 24.0 $ 6.0 $ 41.0
Class A Common Stock        
Net income per share attributable to Class A and Class C common stockholders        
Basic (in dollars per share) [2] $ 0.08 $ 0.35 $ 0.08 $ 0.59
Diluted (in dollars per share) [2] $ 0.08 $ 0.32 $ 0.08 $ 0.52
Weighted average Class A and Class C common shares outstanding        
Basic (in shares) [2] 79,280,681 67,801,800 76,476,638 68,473,399
Diluted (in shares) [2] 79,643,307 89,263,257 77,018,562 90,851,860
Class C Common Stock        
Net income per share attributable to Class A and Class C common stockholders        
Basic (in dollars per share) [2] $ 0.08 $ 0.35 $ 0.08 $ 0.59
Diluted (in dollars per share) [2] $ 0.08 $ 0.32 $ 0.08 $ 0.52
Weighted average Class A and Class C common shares outstanding        
Basic (in shares) [2] 79,280,681 67,801,800 76,476,638 68,473,399
Diluted (in shares) [2] 79,643,307 89,263,257 77,018,562 90,851,860
[1] Depreciation and amortization expense includes depreciation of equipment under lease of $26 million and $48 million for the three and six months ended June 30, 2026, respectively, and $17 million and $33 million for the three and six months ended June 30, 2025, respectively.
[2] Prior to fiscal year 2026, the Company presented basic and diluted net income per share separately for Class A and Class C common stock. In the current period, the Company elected to present a single net income per share amount for these classes as they have identical economic rights. Prior period amounts have been conformed to the current presentation.