v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 964 $ 1,212
Settlement assets 350 298
Accounts receivable, net 742 349
Prepaid expenses and other current assets 125 51
Total current assets 2,181 1,910
Noncurrent assets    
Equipment for lease, net 233 165
Property, plant and equipment, net 42 27
Right-of-use assets 67 37
Collateral held by the card networks 42 38
Goodwill 2,704 1,456
Other intangible assets, net 3,010  
Deferred tax assets 391 397
Other noncurrent assets 43 31
Total assets 8,713 5,041
Current liabilities    
Current portion of debt 10 687
Settlement liabilities 343 293
Accounts payable 679 248
Accrued expenses and other current liabilities 229 120
Current portion of TRA liability 23 4
Deferred revenue 13 16
Current lease liabilities 17 11
Total current liabilities 1,314 1,379
Noncurrent liabilities    
Long-term debt 4,536 2,154
Noncurrent portion of TRA liability 346 361
Deferred tax liabilities 471 61
Noncurrent lease liabilities 53 29
Other noncurrent liabilities 36 39
Total liabilities 6,756 4,023
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 10 0
Stockholders' equity    
Additional paid-in capital 889 1,063
Accumulated other comprehensive income (loss) 47 (28)
Retained deficit (467) (228)
Total stockholders' equity attributable to Shift4 Payments, Inc. 1,442 807
Non-redeemable noncontrolling interests 505 211
Total stockholders' equity 1,947 1,018
Total liabilities and stockholders' equity 8,713 5,041
Residual Commission Buyouts    
Noncurrent assets    
Other intangible assets, net 92 157
Capitalized Customer Acquisition Costs    
Noncurrent assets    
Other intangible assets, net 89 65
Other Intangible Assets    
Noncurrent assets    
Other intangible assets, net 2,829 758
Series A Mandatory Convertible Preferred Stock    
Stockholders' equity    
Preferred stock 973 0
Class A Common Stock    
Stockholders' equity    
Common stock 0 0
Class B Common Stock    
Stockholders' equity    
Common stock 0 0
Class C Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0

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