Shift4 Payments (FOUR) 2026 SIG Annual Virtual Fintech Investor Conference summary

Leadership changes and integration

• CFO tenure of nearly 14 months focused on integrating Global Blue, leveraging leadership talent, and unifying the finance organization for global expansion.

• Integration efforts prioritized cultural alignment and operational efficiency, with key leaders from acquisitions now in global finance roles.

• Main priority is improving investor understanding of the business and financial profile, especially amid ongoing integration and disclosure enhancements.

Financial performance and guidance

• Q2 delivered record results: 51% YoY growth in gross revenue less network fees, 39% YoY growth in adjusted EBITDA, and $21M adjusted free cash flow, exceeding guidance.

• Payments-based revenue in the Americas grew 19% YTD, while worldwide grew over 50%, outpacing initial growth algorithm expectations.

• Tax-free shopping (TFS) business met conservative growth targets despite Middle East disruptions, with resilience from other corridors like U.S.-Europe and Intra-Asia.

• Organic growth accelerated in Q2, expanding by 145 basis points over Q1 on an FX-neutral basis.

• Full-year guidance revised downward mainly due to Middle East conflict, FX impacts, and new debt, but revenue midpoint only reduced by 100 basis points FX-neutral.

Organic growth and acquisitions

• Organic growth in H1 was low double digits (11%), with Q2 outpacing Q1.

• Back half organic growth expected to be high single digit due to continued Middle East impact; without this, it would have been low double digits.

• $300M account-to-account payments acquisition (with $140M upfront, rest contingent) enhances bank-based money movement capabilities, supporting international expansion and high-ticket transactions.

• Acquisition complements recent ACH capabilities and aligns with strategic capital allocation, with a high bar for investment returns.