OakChart

Shift4 Payments Inc

FOURTechnology·Software - Infrastructure·USA·Mid·NYSE·Nov 11 • 2:41 PM ET

43.56-0.17 (-0.38%)
2026-11-11 20:42 CET
Market cap
3,277.30 USD m
Revenue, TTM
4,924.00 USD m
Net income, TTM
52.90 USD m
Free cash flow, TTM
492.10 USD m
EPS diluted, TTM
0.73
P/E
59.79
Compare

Price

FOUR against its 20, 50 and 200-day averages
2050200miss
40.0050.0060.003.9M7.8MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26FOURclose 43.5620-day 40.8550-day 40.39200-day 45.4743.5652w low

42.2% under the 52-week high of 75.35 on 28 Nov 2025. 52-week low 34.56 on 11 Jun 2026. Last 15 sessions, 27.7% high to low

Profile

FOUR
52-week range, 22% of the way up
34.5675.35

Shift4 Payments, Inc. engages in the provision of payment acceptance and payment processing technology solutions in the U.S. based on total volume of payments processed. It operates through the following geographical segments: U.S. and International. The company was founded by Jared Isaacman in 1999 and is headquartered in Center Valley, PA.

IndexRUI
Employees6300
IPOJun 05, 2020
Beta1.46
ATR, 14d2.48
Rel volume0.69
Short float26.52%
Insider own29.62%
Inst own90.34%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap3.26B
Enterprise Value7.96B
Income52.90M
Sales4.92B
Book/sh6.21
Cash/sh26.18
Dividend Est.0.14 (0.32%)
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees6300
IPOJun 05, 2020

Ratios

P/E59.79
Forward P/E7.58
PEG0.84
P/S0.66
P/B7.01
P/C1.66
P/FCF6.63
EV/EBITDA7.85
EV/Sales1.62
Quick Ratio1.23
Current Ratio1.23
Debt/Eq3.81
LT Debt/Eq3.35
Option/ShortYes / Yes

Earnings

EPS (ttm)0.73
EPS next Y5.75
EPS next Q1.36
EPS this Y-0.67%
EPS next Y11.95%
EPS next 5Y8.97%
EPS past 3/5Y1.00% -
Sales past 3/5Y27.99% 40.37%
EPS Y/Y TTM-69.75%
Sales Y/Y TTM26.96%
EPS Q/Q61.48%
Sales Q/Q12.07%
EarningsNov 05 BMO
EPS/Sales Surpr.9.19% -0.67%

Ownership

Insider Own29.62%
Insider Trans1.78%
Inst Own90.34%
Inst Trans-3.32%
ROA1.24%
ROE7.36%
ROIC1.82%
Gross Margin28.14%
Oper. Margin9.70%
Profit Margin1.07%
SMA206.64%
SMA507.85%
SMA200-4.19%
Trades-

Technical

Shs Outstand74.86M
Shs Float52.74M
Short Float26.52%
Short Ratio6.52
Short Interest13.99M
52W High75.35 -42.18%
52W Low34.56 26.05%
Volatility8.92% 5.71%
ATR (14)2.48
RSI (14)58.11
Beta1.46
Rel Volume0.69
Avg Volume2.15M
Volume1,198,011

Performance

Perf Week-2.80%
Perf Month12.16%
Perf Quarter-9.24%
Perf Half Y6.59%
Perf YTD-30.82%
Perf Year-38.99%
Perf 3Y-24.01%
Perf 5Y-35.12%
Perf 10Y-
Recom2.11
Target Price48.91
Prev Close43.73
Price43.56
Change %-0.38%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 15, 2026ResumedBBofA SecuritiesNeutral$42-3.6%
Aug 25, 2026UpgradeWWells FargoEqual Weight → Overweight$59+35.4%
Jun 25, 2026InitiatedLLoop CapitalHold$40-8.2%
Apr 22, 2026InitiatedBBMO Capital MarketsMarket Perform$50+14.8%
Apr 17, 2026DowngradeSStephensOverweight → Equal-Weight$50+14.8%
Apr 16, 2026DowngradeSSeaport Research PartnersBuy → Neutral
Apr 15, 2026DowngradeWWolfe ResearchOutperform → Peer Perform
Mar 26, 2026DowngradeRRaymond JamesStrong Buy → Outperform$67+53.8%
Jul 17, 2025ResumedDDeutsche BankBuy$120+175.5%
Jun 02, 2025InitiatedTTruistHold$97+122.7%

Peers

Mkt cap
TickerCompanyMkt cap
GPNGlobal Payments Inc26.64B
TOSTToast Inc19.87B
XYZBlock Inc52.28B
FISVFiserv Inc33.93B
EEFTEuronet Worldwide Inc2.59B
FLYWFlywire Corp2.75B
LSPDLightspeed Commerce Inc1.37B
NYAXNayax Ltd1.98B
PARPar Technology Corp921.11M
PYPLPayPal Holdings Inc49.14B

Insider trading

12 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Isaacman Jared10% OwnerMay 11 '26Buy41.41195,5008,094,8341,594,455May 13 08:45 AM
Isaacman Jared10% OwnerMay 12 '26Buy40.66193,0007,848,2681,787,455May 13 08:45 AM
Isaacman Jared10% OwnerMar 10 '26Buy45.7543,8272,004,8791,410,727Mar 11 06:01 AM
Isaacman Jared10% OwnerMar 02 '26Buy43.8345,6932,002,9481,366,900Mar 04 06:07 AM
Isaacman Jared10% OwnerFeb 27 '26Buy44.15159,2447,030,4161,321,207Mar 02 06:10 AM
Isaacman Jared10% OwnerFeb 26 '26Buy48.38136,9936,627,8451,161,963Mar 02 06:10 AM
Disman NancyDirectorDec 11 '25Sale69.505,000347,500130,420Dec 15 08:49 PM
Lauber David TaylorChief Executive OfficerDec 11 '25Sale69.0012,000828,031273,588Dec 15 08:49 PM
Disman NancyDirectorDec 11 '25Proposed Sale69.505,000347,500Dec 11 04:20 PM
Lauber David TaylorOfficerDec 11 '25Proposed Sale69.0012,000828,031Dec 11 04:20 PM
Whalen James J.See RemarksNov 12 '25Sale71.501,438102,81754,736Nov 14 04:05 PM
Whalen James J.OfficerNov 12 '25Proposed Sale71.501,438102,817Nov 12 04:50 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
VXFVanguard Extended Market Index ETFAUM: 30.47B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.90B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
DFASU.S. Small Cap Portfolio-ETF Class SharesAUM: 15.51B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-051.4901.3650.370648652.3922
2026Q22026-08-061.3201.2580.088624615.6520
2026Q12026-05-070.9700.966-0.014549545.9222
2025Q42026-02-261.6001.6020.373610617.8120
2025Q32025-11-061.4701.4470.174589.2584.9819
2025Q22025-08-051.1001.1940.325413.4410.1320
2025Q12025-04-291.0700.6960.200368.5353.7720
2024Q42025-02-181.3501.1401.431405405.4823
2024Q32024-11-121.0401.0580.743365.1371.0922
2024Q22024-08-080.9600.8660.583320.6314.119
2024Q12024-05-090.5400.6200.305263.7267.8118
2023Q42024-02-270.7600.8170.214269.3280.3618
2023Q32023-11-080.8200.6930.552243250.5316
2023Q22023-08-030.7400.5300.420228.1224.1516
2023Q12023-05-040.5100.3610.242200192.0914
2022Q42023-02-280.4700.3860.462199.4197.9814

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2020FY-0.430-0.852-0.409323320.98
2021FY0.4300.542-0.890529522.77
2022FY1.3901.3201.048727.5723.16
2023FY2.8302.8821.425940.4949.76
2024FY3.8903.6823.0941,3541,353
2025FY5.1705.2241.0801,9811,989
2026FY-5.135--2,463
2027FY-5.749--2,672
2028FY-6.690--2,861
2029FY-6.420--3,030

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0619017640.91627.4686.4
2026Q4S2026-11-0519015645.01627.39686.4
2026Q4S2026-11-041909672.27655694
2026Q4S2026-10-2919010672.27655694
2026Q4S2026-10-2819010672.25655694
2026Q4S2026-10-2219010673.54655694
2026Q4S2026-10-201909674.03655694
2026Q4S2026-10-1919015674.49655694
2026Q4S2026-10-1219016674.49655694
2026Q4S2026-10-0819016675.54655694
2026Q4S2026-10-0619016676.25655694
2026Q4S2026-10-0519016676.25655694
2026Q4S2026-10-0219016676.99655701
2026Q4S2026-09-2319016677.83655701

Estimate history

EPS, annual-1.188-1.232-0.409-0.891.0481.4253.0941.0790.7286
Period20182019202020212022202320242025TTM
EPS, quarterly0.7431.4310.20.3250.1740.373-0.0140.0880.281
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual560.6731.4766.91390.61993.62564.8333141804924
Period20182019202020212022202320242025TTM
Sales, quarterly909.2887848.3966.21176.91189112112951319
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual45.94345.94349.92756.82857.04362.35969.25764.7974.864
Period20182019202020212022202320242025MRQ
Shares, quarterly68.57869.25768.81867.71568.70664.7979.32978.95974.864
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue4,924.004,180.003,331.002,564.801,993.601,390.60766.90731.40560.60
Cost of Goods Sold Incl. D&A3,538.603,042.002,558.002,030.801,619.901,154.00641.00598.20450.60
Gross Profit1,385.401,138.00773.00534.00373.70236.60125.90133.20110.00
Selling, General and Administrative Excl. Other907.70717.00483.00349.20287.40223.00186.90118.3097.50
Research and Development-6.004.001.200.50----
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income477.70421.00290.00184.8086.3013.60-61.0014.9012.50
Interest Expense269.00190.0062.0032.1032.5028.0040.2051.5047.00
Unusual Expense98.70105.00265.0061.20-21.8063.0025.6019.3019.80
Net Income Before Taxes158.00195.00-1.00119.5086.90-77.10-113.80-54.90-53.70
Income Taxes29.0048.00-296.00-3.400.20-3.10-2.401.70-3.80
Consolidated Net Income128.90146.00293.00122.9086.70-74.70-111.40-56.60-49.90
Net Income From Continuing Operations114.90118.00228.0086.2075.10-48.90-18.40-56.60-49.90
Net Income52.9078.00228.0086.2075.10-48.90-18.40-56.60-54.60
EPS (Recurring)1.561.915.162.130.86-0.09-0.01-0.94-0.89
EPS (Basic, Before Extraordinaries)0.731.153.451.441.34-0.89-0.41-1.23-1.19
EPS (Diluted)0.731.083.091.421.05-0.89-0.41-1.23-1.19
EBITDA1,014.00853.00587.00399.40235.40118.0023.2077.5078.70
Non-Operating Income (Expense)48.0069.0036.0028.0011.300.3013.001.000.60
Other After Tax Adjustments-0.10-1.00-2.000.000.00-0.700.000.000.00
Stock Option Compensation Expense72.0564.7851.3545.3549.6029.7868.20--
Price To Earnings Ratio60.0260.0256.2744.38155.15----
Price To Sales Ratio0.571.342.801.772.322.294.43--
Gross Margin28.1427.2223.2120.8218.7417.0116.4218.2119.62
Operating Margin9.7010.078.717.214.330.98-7.952.042.23
Net Margin1.071.876.843.363.77-3.52-2.40-7.74-9.74
Shares Outstanding74.8664.7969.2662.3657.0456.8349.9345.9445.94
Market Capitalization3,277.303,277.307,295.824,360.033,167.493,282.443,712.493,647.99-

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1,319.001,295.001,121.001,189.001,176.90966.20848.30887.00
Cost of Goods Sold Incl. D&A943.00943.00823.00829.60833.70731.30647.30657.20
Gross Profit376.00352.00298.00359.40343.20234.90201.00229.80
Selling, General and Administrative Excl. Other219.00242.00225.00221.70201.80142.10151.80131.40
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income157.00110.0073.00137.70141.4092.8049.2098.40
Interest Expense78.0065.0065.0061.0060.8039.4028.5027.30
Unusual Expense28.0013.0023.0034.7036.2013.9020.50-37.90
Net Income Before Taxes66.0037.00-12.0067.0060.5055.7011.40124.10
Income Taxes26.0013.00-24.0014.0027.1014.60-8.10-15.20
Consolidated Net Income40.0024.0012.0052.9033.4040.2019.50138.00
Net Income From Continuing Operations38.0022.0015.0039.9028.1033.1016.70114.70
Net Income22.007.00-1.0024.9013.0023.6016.70114.70
EPS (Recurring)0.530.200.210.740.450.430.361.15
EPS (Basic, Before Extraordinaries)0.280.09-0.010.370.190.350.241.64
EPS (Diluted)0.280.09-0.010.370.170.320.201.43
EBITDA286.00249.00208.00271.00266.50181.20134.40181.90
Non-Operating Income (Expense)15.005.003.0025.0016.1016.2011.2015.10
Other After Tax Adjustments0.000.000.00-0.100.00-0.900.00-1.30
Stock Option Compensation Expense15.0124.4912.6419.9115.6012.0120.5411.14
Price To Earnings Ratio60.0256.6540.8029.5628.6833.5226.6956.27
Price To Sales Ratio0.570.810.721.011.812.452.172.89
Gross Margin28.5127.1826.5830.2329.1624.3123.6925.91
Operating Margin11.908.496.5111.5812.019.605.8011.09
Net Margin1.670.54-0.092.091.102.441.9712.93
Shares Outstanding74.8678.9679.3364.7968.7167.7268.8269.26
Market Capitalization3,277.303,858.563,601.724,333.485,311.976,820.635,662.267,295.82

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments1,314.001,510.00539.40776.501,231.50927.803.704.80
Short Term Receivables742.00349.00256.80196.90208.2094.2085.9056.00
Inventories0.000.003.404.803.501.508.505.10
Other Current Assets125.0051.00353.7013.5010.4010.006.304.30
Total Current Assets2,181.001,910.001,153.30991.701,453.601,033.50104.4070.20
Net Property, Plant & Equipment342.00229.00174.50122.5095.3051.7015.408.60
Total Investments and Advances0.000.0062.2047.1030.500.000.000.00
Long-Term Note Receivable-----0.003.900.00
Intangible Assets5,625.002,371.001,889.701,345.70726.20663.30630.50622.50
Deferred Tax Assets391.00397.00-11.70-34.402.703.40
Other Assets174.00134.00108.1047.0037.0030.8029.8037.40
Total Assets8,713.005,041.003,387.802,565.702,342.601,813.70786.70742.10
Short Term Debt Incl. Current Port. of LT Debt27.00698.007.805.304.800.905.304.80
Accounts Payable679.00248.00204.60166.70121.1060.6058.1044.20
Income Tax Payable---4.401.601.401.00-
Other Current Liabilities608.00433.00492.0091.9056.3036.5065.5048.80
Total Current Liabilities1,314.001,379.00704.40268.30183.8099.40129.9097.80
Long Term Debt4,589.002,183.001,769.001,760.001,756.401,005.40635.10548.70
Provision for Risks Charges12.0010.002.706.700.000.000.000.00
Deferred Tax Liabilities471.0061.0028.7030.300.3037.206.807.50
Other Liabilities370.00390.0014.6019.802.401.704.803.70
Total Liabilities6,756.004,023.002,519.402,085.101,942.901,143.70776.60657.70
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value973.000.000.000.000.000.0043.0043.00
Common Equity469.00807.00653.30347.30272.80459.60-32.9041.40
Total Shareholders Equity1,442.00807.00653.30347.30272.80459.6010.1084.40
Accumulated Minority Interest515.00211.00215.10133.30126.90210.400.000.00
Total Equity1,957.001,018.00868.40480.60399.70670.0010.1084.40
Total Liabilities & Stockholders Equity8,713.005,041.003,387.802,565.702,342.601,813.70786.70742.10
Book Value Per Share7.2411.6510.486.094.809.21-0.720.90
Tangible Book Value Per Share-79.58-22.58-19.83-17.50-7.98-4.08-14.44-12.65
Full-Time Employees6,3004,0003,0302,3001,7321,305--
Price to Book Ratio7.048.7710.8310.4712.078.1910.63-
Return on Assets1.725.412.903.06-2.35-1.41-7.40-
Return on Equity10.5031.2317.2324.22-13.35-7.77-119.79-
Return on Invested Capital1.967.633.563.56-2.41-1.26-8.77-7.88
Quick Ratio1.661.391.633.687.8910.380.740.67
Current Ratio1.661.391.643.707.9110.400.800.72

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income129.00147.00295.00122.9086.70-74.00-111.40-56.60-49.90
Depreciation536.30432.00297.00214.60149.10104.4084.2062.6066.20
Other Funds (Non Cash)122.00120.00306.00111.8013.7059.1077.9026.505.20
Funds from Operations752.30706.00576.00441.20247.4087.0049.4032.7017.70
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-110.60-72.00-76.00-52.9023.10-57.80-26.00-6.007.80
Cash from Operating Activities641.70634.00500.00388.30270.5029.2023.4026.7025.50
Capital Expenditures-270.50-234.00-173.00-137.60-104.50-75.10-29.00-16.60-5.60
Net Assets From Acquisitions-140.70-2,745.00-555.00-169.70-135.30-54.50-49.80-60.20-1.50
Sale of Fixed Assets and Businesses-0.000.000.000.000.000.000.000.00
Purchase or Sale of Investments4.000.00126.0014.90-1.50-30.500.000.000.00
Purchase of Investments0.00-3.000.000.00-1.50-30.500.000.000.00
Sale Or Maturity of Investments4.003.00126.0014.900.000.000.000.000.00
Other Uses-14.10-43.00-89.00-9.50-275.50-36.60-23.30-22.00-34.30
Other Sources-24.000.000.000.000.000.000.000.00
Cash from Investing Activities-397.30-2,998.00-691.00-301.90-516.80-196.70-102.10-98.80-41.40
Cash Dividends Paid-61.50-30.000.000.000.000.00-0.90-8.50-0.20
Change in Capital Stock174.40635.00-146.00-105.40-185.90-19.50557.600.000.00
Repurchase of Common Pref Stock-825.80-453.00-146.00-105.40-185.90-19.500.000.000.00
Sale of Common Pref Stock1,000.201,088.000.000.000.000.00557.600.000.00
Proceedsfrom Stock Options1,000.201,088.000.000.000.000.00557.600.000.00
Issuance or Reduction of Debt, Net-220.101,626.001,155.000.000.00616.30452.2082.8014.70
Change in Long Term Debt-220.101,626.001,155.000.000.00616.30452.2082.8014.70
Issuance of Long Term Debt479.902,769.001,155.000.000.00617.201,185.30178.0020.00
Reduction of Long Term Debt-700.00-1,143.000.000.000.00-0.90-733.10-95.20-5.30
Net Financing Active Other Cash Flow-200.00-176.00-80.00-46.80-23.80-125.60-6.10-3.30-3.20
Other Financing Activities Uses-200.00-176.00-135.00-46.80-23.80-125.60-6.10-3.30-3.20
Cash from Financing Activities-307.202,055.00929.00-152.20-209.70471.201,002.8071.0011.30
Exchange Rate Effect-9.3055.00-21.0011.101.00----
Net Change in Cash-72.10-254.00717.00-54.70-455.00303.70924.10-1.10-4.60
Free Cash Flow492.10499.00392.00296.80208.70-24.904.1018.5023.90
Preferred Dividends (Cash Flow)--30.000.000.000.000.00-0.90-8.50-0.20
Price to Free Cash Flow6.5711.9423.7915.2822.18-1,061.05--
Deferred Taxes & Investment Tax Credit-7.00-322.00-8.10-2.10-2.50-1.300.20-3.80

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,962.001,109.001,229.001,314.001,799.503,341.50
Short Term Receivables740.00809.00694.00742.00771.50372.70
Inventories0.000.000.000.000.000.00
Other Current Assets127.00153.00138.00125.00129.1065.20
Total Current Assets2,829.002,071.002,061.002,181.002,700.103,779.40
Net Property, Plant & Equipment362.00351.00349.00342.00315.90248.70
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets5,503.005,521.005,591.005,625.005,400.802,415.70
Deferred Tax Assets589.00577.00599.00391.00411.80391.60
Other Assets187.00179.00157.00174.00161.20155.20
Total Assets9,470.008,699.008,757.008,713.008,989.806,990.60
Short Term Debt Incl. Current Port. of LT Debt666.0027.0028.0027.00717.40699.40
Accounts Payable648.00633.00615.00679.00670.00284.60
Other Current Liabilities994.001,050.001,043.00608.00570.60508.60
Total Current Liabilities2,308.001,710.001,686.001,314.001,958.001,492.60
Long Term Debt4,874.004,540.004,554.004,589.004,071.003,069.20
Provision for Risks Charges0.000.000.0012.000.000.00
Deferred Tax Liabilities458.00464.00478.00471.00348.9040.80
Other Liabilities250.00244.00259.00370.00379.90369.20
Total Liabilities7,890.006,958.006,977.006,756.006,757.804,971.80
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value988.001,005.001,005.00973.00973.20973.60
Common Equity465.00613.00648.00469.00696.50618.90
Total Shareholders Equity1,453.001,618.001,653.001,442.001,669.701,592.50
Accumulated Minority Interest127.00123.00127.00515.00562.30426.30
Total Equity1,580.001,741.001,780.001,957.002,232.002,018.80
Total Liabilities & Stockholders Equity9,470.008,699.008,757.008,713.008,989.806,990.60
Book Value Per Share6.217.768.177.2410.149.14
Tangible Book Value Per Share-67.30-62.16-62.31-79.58-68.47-26.53
Full-Time Employees---6,300--
Price to Book Ratio7.045.956.046.218.478.47
Return on Assets1.241.341.691.712.744.16
Return on Equity7.366.549.4510.4815.5219.00
Return on Invested Capital0.600.360.240.660.490.71
Quick Ratio1.231.211.221.661.382.53
Current Ratio1.231.211.221.661.382.53

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income40.0024.0012.0053.0033.4041.10
Depreciation129.00139.00135.00133.30125.1088.40
Other Funds (Non Cash)26.0033.0027.0036.0027.7029.70
Funds from Operations167.00207.00142.00236.30199.70156.40
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital54.00-144.00-8.00-12.60-27.90-14.50
Cash from Operating Activities221.0063.00134.00223.70171.80141.90
Capital Expenditures-63.00-72.00-68.00-67.50-73.70-42.80
Net Assets From Acquisitions-29.00-33.0098.00-176.70-2,564.600.00
Sale of Fixed Assets and Businesses0.00--0.000.000.00
Purchase or Sale of Investments4.000.000.000.001.001.70
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments4.000.000.000.001.001.70
Other Uses3.00-6.00-14.002.90-11.20-6.10
Other Sources0.00--24.000.000.00
Cash from Investing Activities-85.00-111.0016.00-217.30-2,648.50-47.20
Cash Dividends Paid-15.00-16.00-15.00-15.50-14.500.00
Preferred Dividends (Cash Flow)-15.00-16.00-15.00-15.50--
Change in Capital Stock-200.00-26.00-295.00695.4087.80-85.30
Repurchase of Common Pref Stock-200.00-26.00-295.00-304.800.00-85.30
Sale of Common Pref Stock0.000.000.001,000.2087.800.00
Proceedsfrom Stock Options0.000.000.001,000.2087.800.00
Issuance or Reduction of Debt, Net959.00-43.0055.00-1,191.10972.401,817.90
Change in Long Term Debt959.00-43.0055.00-1,191.10972.401,817.90
Issuance of Long Term Debt964.00-41.0055.00-498.10972.402,267.90
Reduction of Long Term Debt-5.00-2.000.00-693.000.00-450.00
Net Financing Active Other Cash Flow-3.00-26.00-146.00-25.00-80.60-25.80
Other Financing Activities Uses-3.00-26.00-146.00-25.00-80.60-25.80
Cash from Financing Activities741.00-111.00-401.00-536.20965.101,706.80
Exchange Rate Effect0.00-3.00-11.004.70-31.8067.30
Net Change in Cash877.00-162.00-262.00-525.10-1,543.401,868.80
Free Cash Flow188.0021.0096.00187.10129.30117.80
Price to Free Cash Flow6.5710.406.648.9616.2419.59

Revenue breakdown

Payments Based2024: 2.99B 2025: 3.47B
Subscription And Other Revenues2024: 341.00M 2025: 454.00M
TFS2025: 255.00M
Non-US2024: 420.00M 2025: 868.00M
United States2024: 2.91B 2025: 3.31B
Consolidation, Policy2024: 400.00K
Reportable2024: 3.33B
Total Services-Business Services, NEC revenue2025: 4.18B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3026.52%14.0M52.7M2.01M
2026-10-1525.17%14.0M55.6M1.87M
2026-09-3026.26%14.6M55.6M1.72M
2026-09-1526.72%14.8M55.6M1.73M
2026-08-3124.64%13.7M55.6M1.70M
2026-08-1425.30%14.1M55.6M1.59M
2026-07-3127.35%15.2M55.6M1.57M
2026-07-1528.05%15.7M55.8M1.67M
2026-06-3028.20%15.7M55.8M1.75M
2026-06-1529.93%16.7M55.8M1.87M
2026-05-2926.64%14.9M55.9M2.00M
2026-05-1526.72%14.9M55.9M2.29M
2026-04-3027.96%15.7M56.2M2.37M
2026-04-1526.12%15.0M57.6M2.46M
2026-03-3130.77%16.4M53.2M2.55M
2026-03-1332.96%17.5M53.2M2.30M
2026-02-2730.48%16.2M53.2M2.09M
2026-02-1335.26%15.6M44.2M1.89M
2026-01-3022.06%14.5M65.6M2.03M
2026-01-1523.08%15.1M65.6M2.08M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call22.5019.3022.0015.603.6161.000.000.990-0.0220.002
call25.0016.9019.5017.403.1438.000.000.988-0.0220.002
call30.0012.0014.5014.002.16011.000.000.984-0.0210.003
call35.007.309.0011.211.09083.000.000.918-0.0670.010
call40.003.504.306.040.7308700.000.779-0.0940.020
call45.000.901.301.010.6791,39211.000.422-0.1120.027
call50.000.150.400.260.7881,00310.000.151-0.0710.016
call55.000.000.700.101.1417911.000.114-0.0850.013
call60.000.001.250.501.46155.000.000.095-0.0940.011
call65.000.001.250.201.7022100.000.084-0.1000.010
put22.500.001.250.051.95733.000.00-0.010-0.0200.002
put25.000.000.300.031.6591770.00-0.012-0.0190.002
put30.000.000.050.041.1386323.00-0.017-0.0180.003
put35.000.050.300.091.0922,8138.00-0.082-0.0630.010
put40.000.500.750.810.8097906.00-0.221-0.0900.020
put45.002.553.002.920.8333783.00-0.578-0.1070.027
put50.006.108.305.701.4797.000.00-0.851-0.0670.016
put55.0010.5013.0011.351.7813.000.00-0.887-0.0790.013
put60.0015.5018.5016.052.45513.000.00-0.904-0.0870.012
put65.0020.5023.500.002.7810.000.00-0.916-0.0930.011

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-058-KCurrent report2026-11-05SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-068-KCurrent report2026-08-06SEC
2026-08-06S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-07-30SCHEDULE 13G/ASEC
2026-07-17SCHEDULE 13G/ASEC
2026-07-138-KCurrent report2026-07-08SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-178-KCurrent report2026-06-12SEC
2026-06-094Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-05-15SCHEDULE 13G/ASEC
2026-05-15SCHEDULE 13G/ASEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-11SEC
2026-05-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-078-KCurrent report2026-05-07SEC
2026-04-30DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-04-30DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-06-12SEC
2026-04-27SCHEDULE 13G/ASEC
2026-04-22SCHEDULE 13G/ASEC
2026-04-20PRE 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-06-12SEC
2026-03-27SCHEDULE 13G/ASEC
2026-03-174Statement of changes in beneficial ownership of securities2026-03-17SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-0515.94M200
2026-040000
2026-034.01M200
2026-0213.66M200
2026-010000
2025-12001.18M2
2025-1100102.82K1

Institutional holders

Manager% owned
Ovata Capital Management Ltd15.76%
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP9.03%
TRUIST FINANCIAL CORP7.93%
BlackRock, Inc.7.04%
RATIONAL ADVISORS, INC.7.03%
Durable Capital Partners LP5.58%
STATE OF WISCONSIN INVESTMENT BOARD5.22%
Ensign Peak Advisors, Inc3.86%
Ewing Morris & Co. Investment Partners Ltd.3.78%
FMR LLC3.74%

Funds

Fund% owned
Franklin Convertible Securities Fund34.29%
NYLIM MacKay Convertible Fund22.80%
Virtus Income & Growth Fund22.32%
Virtus Convertible Fund21.42%
iShares Convertible Bond ETF16.04%
State Street(R) SPDR(R) Bloomberg Convertible Securities ETF11.92%
Rational/Pier 88 Convertible Securities Fund7.03%
Miller Convertible Bond Fund6.07%
Virtus Convertible & Income Fund5.60%
Global Opportunities Portfolio4.61%

OakChart. FOUR. Cached 15 minutes.