A derivation of the gravitational redshift effect to order c ^(-4) is presented. The calculation isperformed within the framework of the parametrized post-Newtonian formalism for analyzing metrictheories of gravity, which includes corrections to second- order in the Newtonian potential,gravitomagnetic contributions, and preferred-frame terms. We briefly discuss how to generalize ourresults to include possible violations of local Lorentz invariance or local position invariance which canarise in nonmetric theories. Our results are useful for analyzing possible new redshift experimentswhich may be sensitive to second-order effects, such as a close solar flyby mission.