Shift4 Payments — Nov 6, 2025 release

Updating Our Full Year 2025 Guidance 1 9 19 Intended Message: Adjusted for contribution from Finaro/Appetize, we're looking at 31% YoY GRLNF growth in Q4 $1.30 Billion +38% YoY +44% YoY $1.35 BillionGross Revenue Less Network Fees Full Year Adjusted Free Cash Flow $167 Billion +53% YoY +61% YoY $175 Billion Volume $640 Million +39% YoY +47% YoY $675 MillionAdjusted EBITDA TO TO TO FY 2024 Guidance 59%+ Adj. FCF Conversion Organic revenue remains on track to grow well north of 25% YoY (A) $415 M TO Q2 2025 Q2 2025 Full Year Adjusted Free Cash Flow +50% Adj. FCF Conversion Volume $57.0 B $60.0 B TO Q4 2025 $207 Billion $210 Billion TO FY 2025 +26% YoY +27% YoY Gross Revenue Less Network Fees $1.980 Billion $2.020 Billion TO FY 2025 +46% YoY +49% YoY Adjusted EBITDA $970 Million $985 Million TO FY 2025 +43% YoY +45% YoY $610 M $640 M TO Q4 2025 $305 M $315 M TO Q4 2025 from $200 Billion to $220 Billion from $1.965 Billion to $2.035 Billion from $965 Million to $990 Million See page 2 for a description of non-GAAP financial measures. For a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the relevant tables in the "Appendix - Financial Information" of this document. (A) (A) (A) (A) We are reaffirming our guidance and narrowing the range of outcomes   Appendix - Financial Information 20   Third Quarter of 2025 Condensed Consolidated Balance Sheets UNAUDITED In millions September 30, 2025 December 31, 2024 ASSETS Current assets Cash and cash equivalents $ 1,511.5 $ 1,211.9 Settlement assets 288.0 298.1 Accounts receivable, net 771.5 348.7 Prepaid expenses and other current assets 129.1 51.7 Total current assets 2,700.1 1,910.4 Noncurrent assets Equipment for lea