Slide 1: Paysafe First Quarter 2026 Earnings Presentation
Paysafe First Quarter 2026 Earnings Presentation May 13, 2026
Slide 2: Forward-looking statements and non-GAAP financial measures
Forward -looking statements and non -GAAP financial measures Forward - Looking Statements This presentation and today’s webcast include “forward -looking statements” within the meaning of U.S. federal securities laws. T hese forward -looking statements are provided for illustrative purposes only and
Slide 3: Q1 2026 summary
Q1 2026 summary Volume Revenue $44bn $443m • Revenue growth of 10% with continued strength from +10% YoY +10% YoY; +8% organic LatAm , North America iGaming, and PaysafeWallet • Double -digit Adj. EPS growth Adj. EBITDA Adj. EPS • Continued strong cash conversion supports deleveraging priority; $67m
Slide 4: Strong start to the year
Strong start to the year Select highlights for Q1 2026 Consumers Latin America Ecommerce iGaming 7.9m +9% YoY Strong user growth Revenue growth +17% Revenue growth +28% 3-mo active s product, network, Led by iGaming (Merchant Solutions) client expansion Consumer Merchant PaysafeWallet AI & Experienc
Slide 5: Unique offering, trusted brand drives LatAm growth
Unique offering, trusted brand drives LatAm growth $124m +11% ~90% ~400k LatAm LTM revenue LTM growth (Q1 >30%) LPM coverage 1 Collection points 1 • Partner for regulated global clients, delivering local market expertise 3- month actives • Offering bank transfer, cash voucher, wallets, prepaid cards
Slide 6: Marketing and product strategy progression fueling higher consumer activity
Marketing and product strategy progression fueling higher consumer activity Strong demand coupled with comarketing programs Focus on strategic markets to build momentum Tailored customer journeys and promotional with new merchants and long -term growth campaigns supporting user engagement Apuesta To
Slide 7: Strong iGaming performance
Strong iGaming performance + 20 % Global iGaming Q1 +38% NFL season +17% Super Bowl volume Revenue growth Transaction growth Processing growth Enhancing payment options • Pay with Crypto launch for U.S. players to deposit in stablecoins and cryptocurrencies Winning in iGaming, expanding in Entertain
Slide 8: Q1 2026 Financial Results
Qi 2026 Financial Results Paysafe >
Slide 9: Q1 2026 financial results
Q1 2026 financial results Volume ($bn) Revenue ($m) Adj. EBITDA 1 ($m) uFCF 1 ($m) Adj. EPS 1 +10% +10% +4% +17% +21% organic +8% 1 +6% organic growth excl. a data licensing deal $43.9 $39.9 $442.7 $401.0 $99.2 $66.9 $95.2 $57.3 $0.41 $0.34 1.0% 1.0 % 23.7 % 22.4 % 60% 67% take rate take rate margin
Slide 10: Q1 2026 segment results
Q1 2026 segment results Digital Wallets Merchant Solutions Volume ($bn) Revenue ($m) Adj. EBITDA ($m) Volume ($bn) Revenue ($m) Adj. EBITDA ($m) +19% +15% +15% +9% +6% (5%) +9% cc +7% organic +9% organic $37.2 $34.3 +5% organic growth excl. a data licensing deal $7.1 $5.9 $231.3 $216.3 $217.8 $187.6
Slide 11: Highly focused on reducing leverage
Highly focused on Debt and net leverage ($m, 03 /31/26) reducing leverage Total debt (1) $2,493 Cash and cash equivalents 257 • Total debt decreased $122m compared to 2025 year -end; $102m of RCF repaid during Q1 2026 Net debt (1) 2,236 LTM Adj. EBITDA 433 • Net leverage ratio improves to 5.2x – on
Slide 12: Reaffirming 2026 Guidance
Reaffirming 2026 Guidance 2026 Full Year Guidance • Revenue and Adj. EBITDA growth of Revenue $1,790m to $1,830m approximately 5% to 8% • Adj. EBITDA margin roughly flat • Double -digit Adj. EPS growth • See appendix for additional assumptions Adj. EBITDA $449m to $464m Adj. EPS $2.12 to $2.32 Note:
Slide 13: Paysafe
Paysafe >
Slide 14: Appendix
Appendix
Slide 15: 2026 other assumptions
2026 other assumptions $millions supplemental information for Adj. EPS Interest expense, net $132 - $134 Non-GAAP D&A excludes amortization of acquired $146 - $148 D&A intangibles Other expense $5 - $7 Other operating expense mainly relates to derivative financial instruments and certain banking fee
Slide 16: Summary of segment results
Summary of segment results 2025 2026 Q1 Q2 Q3 Q4 FY2025 Q1 Volume ($m) Merchant Solutions $ 34,275 $ 35,651 $ 34,935 $ 37,117 $ 141,978 $ 37,190 Digital Wallets 5,946 6,581 6,685 7,138 26,350 7,056 Intersegment (370) (419) (401) (374) (1,564) (320) Total $ 39,851 $ 41,813 $ 41,219 $ 43,881 $ 166,764
Slide 17: FX and interest rate sensitivity on revenue and Adj. EBITDA
FX and interest rate sensitivity on revenue and Adj. EBITDA 1% EUR weakening vs. USD: FX sensitivity • Annualized revenue ($6m) to ($8m) • Annualized Adj. EBITDA ($1.5m) to ($2.5m) Currency fluctuation associated with translating our functional currency financial statements into USD, with the larges
Slide 18: Statement regarding non-GAAP financial measures
Statement regarding non - GAAP financial measures This presentation also contains non - GAAP financial information. Paysafe management believes the presentation of these non - GAAP f inancial measures, when considered together with the Company’s results presented in accordance with GAAP, provide use
Slide 19: Paysafe organic growth
Paysafe organic growth Three months ended March 31 (#039;000s) 2025 2026 Revenue 401,000 442,723 Currency adjustment - (18,850) Interest revenue (5,519) (3,443) Acquisition adjustments - - Disposal adjustments (5,213) - Organic revenue 1 390,268 420,430 Reported revenue growth 10% Organic revenue growt
Slide 20: Organic growth by segment
Organic growth by segment Merchant Solutions Digital Wallet Merchant Solutions Digital Wallets Three months ended Three months ended March 31 March 31 (#039;000s) 2025 2026 (#039;000s) 2025 2026 Revenue 217,786 231,293 Revenue 187,567 216,084 Currency adjustment - (486) Currency adjustment - (18,364) Inte
Slide 21: Reconciliation of GAAP Gross Profit to Gross Profit (excl. D&A)
Reconciliation of GAAP Gross Profit to Gross Profit (excl. D&A) Three Months Ended March 31, ($ in thousands) 2026 2025 Revenue $ 442,723 $ 401,000 Cost of services (excluding depreciation and amortization) 192,674 174,181 Depreciation and amortization 70,353 68,269 Gross Profit (1) $ 179,696 $ 158,
Slide 22: Supplemental: Adj. EBITDA to Adj. net income walk
Supplemental: Adj. EBITDA to Adj. net income walk Three Months Ended March 31, ($ in thousands) 2026 2025 Adjusted EBITDA $ 99,238 $ 95,170 (1) Depreciation and amortization 37,859 35,001 Other income (2) (594) (1,387) Interest expense, net 33,846 33,673 Adjusted income tax 7,090 6,970 Adjusted net
Slide 23: Reconciliation of GAAP net income (loss) to Adj. EBITDA
Reconciliation of GAAP net income (loss) to Adj. EBITDA Three Months Ended March 31, 2026 2025 ($ in thousands) Net loss $ (36,452) $ (19,472) Income tax expense / (benefit) 7,981 (3,059) Interest expense, net 33,846 33,673 Depreciation and amortization 70,353 68,269 Share-based compensation expense
Slide 24: Reconciliation of GAAP net income (loss) to Adj. net income
Reconciliation of GAAP net income (loss) to Adj. net income Three Months Ended March 31, 2026 2025 ($ in thousands) Net loss $ (36,452) $ (19,472) Other non operating (income) / expense, net (1) (3,700) 564 Impairment expense on goodwill and intangible assets 152 1,282 Amortization of acquired asset
Slide 25: Net income (loss) per share: Adjusted and GAAP
Net income (loss) per share: Adjusted and GAAP Three Months Ended March 31, Non-GAAP 2026 2025 Numerator ($ in thousands) Adjusted net income - basic $ 21,037 $ 20,913 Adjusted net income - diluted $ 21,037 $ 20,913 Denominator (in millions) Weighted average shares – basic 51.2 59.8 (1) Adjusted wei
Slide 26: Reconciliation of Operating Cash Flow to Unlevered Free Cash Flow
Reconciliation of Operating Cash Flow to Unlevered Free Cash Flow Three Months Ended March 31, ($ in thousands) 2026 2025 Net cash inflows from operating activities $ 63,866 $ 52,479 Capital expenditure (21,551) (27,221) Cash paid for interest 24,625 25,906 Payments relating to Restructuring and oth
Slide 27: Thank You
Thank You