Slide 1: We power the Experience Economy
SHIFT @) We power the Experience Economy Enabling businesses to deliver the Moments that Matter Q2 2026 Shareholder Letter | Investors.shift4.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 Payments, Inc. (“we,” “our,” the “Company,” or “Shift4”) intends such forward-looking statements to be covered by the safe harbor provisions f
Slide 3: Dear Fellow Shareholders
S H | F T (4) August 6, 2026 Dear Fellow Shareholders, The second quarter of 2026 reinforced three themes: the durability of our growth, the global appetite for our products, and the strength of our position at the center of the experience economy. Each of these themes showed up clearly in our resul
Slide 4: Why a Merchant Chooses Shift4
We are often asked about why a merchant chooses Shift4 and the answer is how we deliver in the moments that matter. The businesses we serve span many verticals but ultimately want their customers to have a great in-person experience. We help them deliver that and have a lot more work to do around th
Slide 5: Performance Highlights
PERFORMANCE HIGHLIGHTS Second Quarter 2026 +22% YoY VOLUME +53% YoY +51% GROSS PROFIT NETWORK FEES“ Volume of $61 billion during Q2 2026, +22% YoY. Gross revenue of $1,295 million, +34% YoY. Gross profit of $420 million, +53% YoY. Gross revenue less network fees of $624 million, +51% YoY, or +11% Yo
Slide 6: YTD Progress vs. Our Growth Algorithm
YTD Progress vs. Our Growth Algorithm YTD | Growth Algorithm | Tracking Status 26% Low-20s% Growth Ahead Americas 17% Mid-Teens Growth In-Line Worldwide (ex. Americas) 52% High-20s% Growth Ahead 6% MSD PF Growth In-Line 9% LSD Growth In-Line Total GRLNF Growth 50% 26%-31% Organic GRLNF Growth 11% _
Slide 7: We Power the Experience Economy
We Power the Experience Economy Across all of our verticals, we enable businesses to deliver the Moments that Matter #2 in Restaurants in U.S. World class technology, sophisticated distribution, and an overall lower cost of ownership #1 in Luxury Retail Globally Global leading digital payments netwo
Slide 8: We continue to gain market share worldwide across the entire Experience Economy
We continue to gain market share worldwide across the entire Experience Economy SHIFT4 ONE NOW LIVE S IN 12 COUNTRIES Luxury Retail Global leading digital payments network powering the most recognized luxury brands and serving affluent shopping customers for regulated tax-free shopping countries RAL
Slide 9: Unified Commerce
Unified Commerce We continue to see other opportunities for growth in the experience economy ww GIVING | Founders Go @ CLEAN isi: ae World Vision Pledge Given SS OPEN AN Sit Humanitarian =, Stay 350 or Technology Spon — DAF giving360 Read -org Trust RESORTS 4 —_______ “I HAVE A DREAM” iv’s Stargrace
Slide 10: Accelerating Global Expansion
Accelerating Global Expansion We are taking our industry leading products into new geographic markets around the world Enabling Commerce in 75+ Countries North America . Asia Africa South America Australia lt; FOOD & BEVERAGE £9) Hospitaity SPORTS ENTERTAINMENT © UNIFIEDCOMMERCE =) LUXURY RETAIL Our
Slide 11: Shift4 One Gaining Traction
Shift4 One Gaining Traction Shift4 One accelerating its expansion, continuing to be implemented by luxury retail SMBs across Europe @ EL CAPOTE - MADRID, SPAIN @) SCHULLIN - PRAGUE, CZECHIA O MIGUEL MUNOZ JEWELRY - GRANADA, SPAIN @ VERBOLARIO - ITALY @ tvenow {)) cominc soon “S SA. MIGUEL MUNOZ JEWE
Slide 12: $240 Billion to $260 Billion
$240 Billion to $260 Billion +15% YoY +24% YoY $2.48 Billion +25% YoY TO $2.53 Billion +28% YoY $1.15 Billion +19% YoY $1.18 Billion +22% YoY $465 Million 40% Adj. FCF Conversion TO $475 Million 40% Adj. FCF Conversion $5.15 to $5.35 See page 2 for a description of non-GAAP financial measures and in
Slide 13: Disciplined Capital Allocation Framework
Disciplined Capital Allocation Framework with a Proven Track Record of Results CUSTOMER ACQUISITION « Eliminate upfront costs for our merchants by providing essential hardware aN + Provide financial incentives to align our partners and salespeople + Opening new markets across the world « Shift4 Dine
Slide 14: Appendix
APPENDIX Financial Information
Slide 15: Condensed Consolidated Balance Sheets
Second Quarter of 2026 Condensed Consolidated Balance Sheets June 30, 2026 December 31, 2025 ASSETS Current assets Cash and cash equivalents 356 § 964 Settlement assets 753 350 Accounts receivable, net 809 742 Prepaid expenses and other current assets 153 125 Total current assets 2,071 2,181 Noncurr
Slide 16: Condensed Consolidated Statements of Operations
Second Quarter of 2026 Condensed Consolidated Statements of Operations Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Gross revenue $ 1295 $ 966 §$ 2,416 § 1,814 Cost of sales (exclusive of certain depreciation and amortization expense shown separately be
Slide 17: Condensed Consolidated Statements of Cash Flows
Second Quarter of 2026 Condensed Consolidated Statements of Cash Flows OPERATING ACTIVITIES Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income 24 a 36 61 Adjustments to reconcile net income to net cash provided by operating activities Depreciation
Slide 18: Reconciliations of Gross Revenue to Gross Profit and Gross Profit to GRLNF
Second Quarter of 2026 Reconciliations of Gross Revenue to Gross Profit and Gross Profit to Gross Revenue Less Network Fees ("GRLNF") Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Payments-based revenue $ 1,073 $ 868 $ 1,990 $ 1,624 TFS revenue 17 - 219
Slide 19: Reconciliations of Net Income to Adjusted EBITDA and Non-GAAP Net Income
Second Quarter of 2026 Reconciliations of Net Income to Adjusted EBITDA and Net Income to Non-GAAP Net Income Three Months Ended June 30, September 30, December 31, June 30, 2025 2025 2025 2026 NET INCOME $ a $ 33 53 $ 24 Interest expense 39 61 61 65 Interest income (19) (17) (10) (3) Income tax (be
Slide 20: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Second Quarter of 2026 Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow and Adjusted Free Cash Flow Three Months Ended June 30, September 30, December 31, March 31, June 30, 2025 2025 2025 2026 2026 NET CASH PROVIDED BY OPERATING ACTIVITIES $ 142 $ 72 $§ 224 § B4 § 63 Ca
Slide 21: Reconciliation of Class A Common Shares & RSUs
Second Quarter of 2026 Reconciliation of Class ACommon Shares & RSUs Three Months Ended March 31, June 30, 2026 2026 BEGINNING BALANCE - CLASS A COMMON SHARES 63,666,837 79,328,812 Class B and Class C Common Shares converted into Class A 20,924,337 - Restricted Stock Units ("RSUs") vested 222,879 28
Slide 22: Reconciliation of GRLNF - Total and Organic
Second Quarter of 2026 Reconciliation of GRLNF - Total and Organic Payments-Based GRLNF Three Months Ended June 30, 2026 June 30, 2025 Growth Organic Payments-Based GRLNF (A) 359 314 14% Acquisition Adjustments 43 - —% Divestiture Adjustments - 2 —% Total Payments-Based GRLNF 402 316 27 % TFS Revenu