Shift4 Payments (FOUR) Wolfe FinTech Forum summary

Leadership insights and business evolution

• CFO has nearly a decade of involvement, witnessing over 20x EBITDA growth and resilience through major events like COVID and zero interest rate periods.

• Shift from investor to operator has provided deeper operational insights and appreciation for the company's value-compounding ability.

Financial guidance and growth outlook

• 2026 guidance introduces a growth algorithm, breaking down revenue into payments-based, tax-free shopping, and subscription streams.

• Americas payments-based revenue is mature and stable, while international (especially Europe) is positioned for rapid disruption and growth.

• Guidance assumes flat same-store sales for the year, with a slightly negative first half and moderately positive back half.

• Conservative assumptions are embedded due to macro headwinds, currency dynamics, and geopolitical risks.

Organic growth and integration

• Organic growth profile is expected to be in the low double digits, with Americas mid-teens and other segments adjusted for M&A effects.

• Last year saw higher growth rates, with 18% rebased growth in Q3 and over 20% earlier in the year.

• Integration of acquisitions like Bambora, Vectron, Givex, and Finaro is progressing as expected, with further margin optimization opportunities.