This paper presents an FPGA-based design for high-speed computation of fourth-order cross moments, critical for digital signal processing, particularly in adaptive filtering and communication systems. The design, implemented in VHDL on a Xilinx Virtex-5 FPGA, operates at a maximum frequency of 375 MHz, making it suitable for real-time processing requirements. Two parallel designs for cumulant computation are explored, highlighting the advantages of FPGAs in handling complex computations efficiently.