Shift4 Payments annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Shift4 Payments Debt-to-Equity Ratio Growth & History (FOUR)
Shift4 Payments's debt-to-equity ratio was 3.20 for fiscal 2025.
View full Shift4 Payments company overviewShift4 Payments annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.20 | −0.37 | −10.34% |
| 2024 | 2024-12-31 | 3.57 | 0.85 | +31.28% |
| 2023 | 2023-12-31 | 2.72 | −2.36 | −46.49% |
| 2022 | 2022-12-31 | 5.08 | −1.37 | −21.27% |
| 2021 | 2021-12-31 | 6.46 | 4.27 | +194.86% |
| 2020 | 2020-12-31 | 2.19 | — | — |
Shift4 Payments quarterly debt-to-equity ratio
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.82 | 0.46 | +19.28% |
| Q1 2026 | 2026-03-31 | 2.77 | −0.81 | −22.56% |
| Q4 2025 | 2025-12-31 | 3.20 | −0.37 | −10.34% |
| Q3 2025 | 2025-09-30 | 2.87 | −0.67 | −18.94% |
| Q2 2025 | 2025-06-30 | 2.37 | −0.18 | −7.23% |
| Q1 2025 | 2025-03-31 | 3.58 | 0.95 | +35.88% |
| Q4 2024 | 2024-12-31 | 3.57 | 0.85 | +31.28% |
| Q3 2024 | 2024-09-30 | 3.54 | −0.89 | −20.17% |
| Q2 2024 | 2024-06-30 | 2.55 | −2.42 | −48.64% |
| Q1 2024 | 2024-03-31 | 2.63 | −1.88 | −41.65% |
| Q4 2023 | 2023-12-31 | 2.72 | −2.36 | −46.49% |
| Q3 2023 | 2023-09-30 | 4.43 | −1.39 | −23.84% |
| Q2 2023 | 2023-06-30 | 4.97 | −4.61 | −48.16% |
| Q1 2023 | 2023-03-31 | 4.51 | −1.58 | −25.88% |
| Q4 2022 | 2022-12-31 | 5.08 | −1.37 | −21.27% |
| Q3 2022 | 2022-09-30 | 5.82 | −0.00 | −0.02% |
| Q2 2022 | 2022-06-30 | 9.58 | 5.79 | +152.53% |
| Q1 2022 | 2022-03-31 | 6.09 | 2.91 | +91.25% |
| Q4 2021 | 2021-12-31 | 6.46 | 4.27 | +194.86% |
| Q3 2021 | 2021-09-30 | 5.82 | 5.03 | +633.54% |
| Q2 2021 | 2021-06-30 | 3.79 | 2.85 | +302.55% |
| Q1 2021 | 2021-03-31 | 3.18 | — | — |
| Q4 2020 | 2020-12-31 | 2.19 | — | — |
| Q3 2020 | 2020-09-30 | 0.79 | — | — |
| Q2 2020 | 2020-06-30 | 0.94 | — | — |
Shift4 Payments debt-to-equity ratio trends
Over the last five fiscal years, Shift4 Payments's debt-to-equity ratio increased from 2.19 to 3.20, a change of 1.01. The latest reported quarter, Q2 2026, shows 2.82.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Shift4 Payments source filings ↗