Slide 1: Paysafe Second Quarter 2026 Earnings Presentation
Paysafe Second Quarter 2026 Earnings Presentation August 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: Q2 2026 summary
Q2 2026 summary • 1H26 in line with previously communicated expectations: Volume Revenue 7% revenue growth and flat Adj. EBITDA • Double -digit growth across Latin America, iGaming in North $44bn $447m America, and PaysafeWallet in Europe +4% YoY +4% YoY • LTM uFCF of $298m increased 10% • Vitality
Slide 4: Growing our consumer franchise through marketing, targeted expansion and partnerships
Growing our consumer franchise through marketing, targeted expansion and partnerships ▲ +8% YoY 7.8m 3-mo active users More users More markets Deeper engagement Targeted World Cup marketing is fueling PaysafeWallet Q2 acquisitions +11%; Partnering with Envision Racing to deliver double -digit acquis
Slide 5: Q2 2026 Financial Results
Q2 2026 Financial Results Paysafe >
Slide 6: Q2 2026 financial results
Q2 2026 financial results Volume ($bn) Revenue ($m) Adj. EBITDA 1 ($m) uFCF 1 ($m) Adj. EPS 1 +4% +4% (2%) (17%) (7%) $43.7 $41.8 $447.4 $428.2 $105.0 $102.8 Reflects timing of receivables and seasonality $53.9 $44.8 $0.46 $0.43 1.0% 1.0% 24.5 % 23.0 % 51% 44% take rate take rate margin margin conve
Slide 7: Q2 2026 segment results
Q2 2026 segment results Digital Wallets Merchant Solutions Volume ($bn) Revenue ($m) Adj. EBITDA ($m) Volume ($bn) Revenue ($m) Adj. EBITDA ($m) +1% +3% +5% +6% (9%) +28% +1% organic $35.7 $37.3 $6.6 $6.6 $201.2 $206.6 $246.1 $232.2 $82.7 $50.6 $74.9 $39.7 3.1% 3.1% 41.1% 36.2% 0.65% 0.66% 17.1% 20.
Slide 8: Proactively managing the balance sheet
Debt and net leverage ($m, 6/30/26) Proactively managing the Total debt 1 $2,509 balance sheet Cash and cash equivalents Net debt 1 226 2,283 LTM Adj. EBITDA 431 Net leverage ratio 2 5.3x • Highly focused on reducing leverage – total debt decreased $106m YTD Cash walk (“own cash”) $86 • Net leverage
Slide 9: Debt summary post refinancing
Debt summary post refinancing (6/30/2026) Facility Maturity Rates Outstanding ($m) Summary Term loan facility (USD) – stub Jun - 28 USD SOFR + 2.75% + 0.11% 163 • Extends maturities of RCF and TLB facilities by Term loan facility (EUR) – stub Jun - 28 EURIBOR + 3.00% 123 5 years and 2 years, respect
Slide 10: Outlook
Outlook What We Said (1H26) Actuals Revenue “1H26 growth approximately 7%” $890m +7% YoY (+6% organic) Adj. EBITDA “Roughly flat vs 1H25 (~$200m )” $202m +1% YoY 2H26 Drivers Revenue cadence SG&A cadence Recent trends • Ramp of client wins and sales pipeline • 1Q26 included ~$10m of one -off • Merch
Slide 11: Closing
Closing PRIORITY GROWTH FOUNDATION Deleveraging is our top Focused on driving growth SPAC era behind us; priority as a key driver of through product foundation further value over the next 24 innovation (Vitality Index) strengthened with debt months refinancing 11
Slide 12: Paysafe
Paysafe >
Slide 13: Appendix
Appendix
Slide 14: 2026 other assumptions
2026 other assumptions $millions supplemental information for Adj. EPS Interest expense, net ~$154 ~$147 Non-GAAP D&A excludes amortization of acquired D&A intangibles Other operating expense mainly relates to derivative Other expense ~$2 financial instruments and certain banking fees Adj. ETR 26% –
Slide 15: Summary of segment results
Summary of segment results 2025 2026 Q1 Q2 Q3 Q4 FY2025 Q1 Q2 Volume ($m) Merchant Solutions $ 34,275 $ 35,651 $ 34,935 $ 37,117 $ 141,978 $ 37,190 $ 37,327 Digital Wallets 5,946 6,581 6,685 7,138 26,350 7,056 6,626 Intersegment (370) (419) (401) (374) (1,564) (320) (270) Total $ 39,851 $ 41,813 $ 4
Slide 16: Supplemental: Adj. EBITDA to Adj. net income walk
Supplemental: Adj. EBITDA to Adj. net income walk Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2026 2025 2026 2025 Adjusted EBITDA $ 102,807 $ 104,997 $ 202,045 $ 200,167 (1) Depreciation and amortization 35,838 34,979 73,697 69,980 (2) Other income (54) (1,079) (648) (2,46
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 ($2.5m) Currency fluctuation associated with translating our functional currency financial statements into USD, with the larges
Slide 18: Statement regarding non-GAAP financial measures
Statement regarding non - GAAP financial measures This presentation also contains non - GAAP financial information. Paysafe management believes the presentation of these non - GAAP f inancial measures, when considered together with the Company’s results presented in accordance with GAAP, provide use
Slide 19: Paysafe organic growth
Paysafe organic growth Paysafe Three Months Ended Six Months Ended June 30, June 30, YoY Growth ($ in thousands) 2026 2025 2026 2025 2Q26 YTD Revenue $ 447,444 $ 428,218 $ 890,167 $ 829,218 4% 7% Currency adjustment (1) (5,010) — (23,860) — Interest revenue adjustment (2) (3,532) (5,000) (6,975) (10
Slide 20: 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 Six Months Ended June 30, June 30, ($ in thousands) 2026 2025 2026 2025 Revenue $ 447,444 $ 428,218 $ 890,167 $ 829,218 Cost of services (excluding depreciation and amortization) 203,675 190,180 396,349 364,361 Deprec
Slide 21: Reconciliation of GAAP net loss to Adj. EBITDA
Reconciliation of GAAP net loss to Adj. EBITDA Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2026 2025 2026 2025 Net loss $ (58,949) $ (50,132) $ (95,401) $ (69,604) Income tax expense 6,892 29,423 14,873 26,364 Interest expense, net 35,566 34,549 69,412 68,222 Depreciation
Slide 22: Supplemental cash walk
Supplemental cash walk Cash and cash Customer accounts and Cash and cash equivalents at end of the period, including customer equivalents other restricted cash Unaudited ($000's) accounts and other restricted cash Dec-25 250,168 1,095,120 1,345,288 Unless otherwise noted, amounts agree to the consol
Slide 23: Reconciliation of GAAP net income (loss) to Adj. net income
Reconciliation of GAAP net income (loss) to Adj. net income Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2026 2025 2026 2025 Net loss $ (58,949) $ (50,132) $ (95,401) $ (69,604) Other non operating expense, net (1) 3,842 7,793 142 8,357 Impairment expense on goodwill and in
Slide 24: Net income (loss) per share: Adjusted and GAAP
Net income (loss) per share: Adjusted and GAAP Three Months Ended Six Months Ended June 30, June 30, Non-GAAP 2026 2025 2026 2025 Numerator ($ in thousands) Adjusted net income - basic $ 23,143 $ 27,631 $ 44,180 $ 48,544 Adjusted net income - diluted $ 23,143 $ 27,631 $ 44,180 $ 48,544 Denominator (
Slide 25: Reconciliation of Operating Cash Flow to Unlevered Free Cash Flow
Reconciliation of Operating Cash Flow to Unlevered Free Cash Flow Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2026 2025 2026 2025 Net cash inflows from operating activities $ 25,307 $ 39,586 $ 89,173 $ 92,065 Capital expenditure (31,431) (26,903) (52,982) (54,124) Cash pai
Slide 26: Thank You
Thank You