# EDGAR Filing Document

**Accession Number:** 0001794669
**File Stem:** 0001794669-25-000025
**Filing Date:** 2025-8
**Character Count:** 72881
**Document Hash:** ed4d9a6adbe03cb63cb7877975900cab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001794669-25-000025.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001794669-25-000025

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 40

**CONFORMED PERIOD OF REPORT**: 20250703

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Shift4 Payments, Inc.
- **CENTRAL INDEX KEY:** 0001794669
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 843676340
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39313
- **FILM NUMBER:** 251182740

**BUSINESS ADDRESS:**
- **STREET 1:** 3501 CORPORATE PARKWAY
- **CITY:** CENTER VALLEY
- **STATE:** PA
- **ZIP:** 18034
- **BUSINESS PHONE:** 888.276.2108 X1220

**MAIL ADDRESS:**
- **STREET 1:** 3501 CORPORATE PARKWAY
- **CITY:** CENTER VALLEY
- **STATE:** PA
- **ZIP:** 18034

?xml version='1.0' encoding='ASCII'? four-20250703

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**___________________________________**

**FORM 8-K/A**

**Amendment No. 1**

**___________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**July 3, 2025**

**Date of Report (date of earliest event reported)** 

**___________________________________**

**SHIFT4 PAYMENTS, INC.**

**(Exact name of registrant as specified in its charter)**

**___________________________________**

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| | | |
|:---|:---|:---|
| **Delaware**<br>**(State or other jurisdiction of incorporation)** | **001-39313**<br>**(Commission File Number)** | **84-3676340**<br>**(I.R.S. Employer Identification Number)** |
| **3501 Corporate Pkwy**<br>**Center Valley, PA 18034** | **3501 Corporate Pkwy**<br>**Center Valley, PA 18034** | **3501 Corporate Pkwy**<br>**Center Valley, PA 18034** |
| **(Address of principal executive offices) (Zip Code)** | **(Address of principal executive offices) (Zip Code)** | **(Address of principal executive offices) (Zip Code)** |
| **(888) 276-2108** | **(888) 276-2108** | **(888) 276-2108** |
| **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** |
|  | **N/A** |  |
| **(Former Name or Former Address, if Changed Since Last Report)** | **(Former Name or Former Address, if Changed Since Last Report)** | **(Former Name or Former Address, if Changed Since Last Report)** |

---

**___________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** |
| **<u>Title of each class</u>** | **<u>Trading Symbol</u>** | **<u>Name of each exchange on which registered</u>** |
| **Class A common stock, par value $0.0001** | **FOUR** | **The New York Stock Exchange** |
| **Series A Mandatory Convertible Preferred Stock, par value $0.0001** | **FOUR.PRA** | **The New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Explanatory Note**

This Amendment No. 1 to Current Report on Form 8-K/A is being filed with the Securities and Exchange Commission solely to amend the Current Report on Form 8-K filed on July 3, 2025 (the "Original 8-K") to report that Shift4 Payments, Inc. (the "***Company***") previously filed Current Report Form 8-K on May 15, 2025 (the "Previously Filed 8-K") that included the Pro Forma Financial Information required to be filed under Item 9.01(b) in the Original 8-K. Such Pro Forma Financial Information was filed as Exhibit 99.1 to the Previously Filed 8-K and is incorporated by reference herein. The Original 8-K is not otherwise amended or supplemented

**Item 2.02 - Results of Operations and Financial Condition.**

On August 5, 2025, the Company announced its financial results for the quarter ended June 30, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information contained in Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.2 attached hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly provided by specific reference in such a filing.

**Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

<u>CFO Transition</u>

On August 5, 2025, Nancy Disman informed the Company of her intent to resign from her position as the Company's Chief Financial Officer effective September 1, 2025 (the "***CFO Transition Date***") and serve as a Senior Advisor to transition her responsibilities through January 2, 2026 at which time she will retire from the Company ("***Retirement Date***").

On August 5, 2025, the Company's board of directors (the "***Board***") appointed Christopher N. Cruz as the Company's Chief Financial Officer and designated him as the principal financial officer, in each case effective as of the CFO Transition Date.

A description of Mr. Cruz's background and experience can be found in the Company's definitive proxy statement on Schedule 14A (the "***Proxy Statement***"), filed with the Securities and Exchange Commission (the "***SEC***") on April 30, 2025. Mr. Cruz is a party to the Company's standard indemnification agreement for directors and officers. There are no family relationships between Mr. Cruz and any director or executive officer of the Company. In addition, other than compensation information already disclosed herein and in the Proxy Statement, Mr. Cruz has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

<u>Cruz Employment Agreement</u>

In connection with Mr. Cruz's appointment as the Chief Financial Officer, the Company entered into an employment agreement (the "***Cruz Employment Agreement***") with Mr. Cruz, effective as of August 5, 2025. The Cruz Employment Agreement provides for an initial three-year term of employment with automatic one-year renewal terms unless otherwise terminated in accordance with the terms of the Cruz Employment Agreement. For the period from August 5, 2025 through the CFO Transition Date, Mr. Cruz shall serve as the Chief Financial Officer-Designate of the Company, and on the CFO Transition Date, Mr. Cruz shall begin serving as the Chief Financial Officer of the Company. Pursuant to the Cruz Employment Agreement, Mr. Cruz will receive an annual base salary of $500,000 and be eligible to participate in the Company's annual cash bonus program, with a target amount of $500,000. In addition, Mr. Cruz will receive a signing bonus payable in cash in the amount of $2,000,000, payable on the first regular payroll date following the commencement of his employment, which shall be repayable if Mr. Cruz is terminated for Cause (as defined in the Cruz Employment Agreement) or resigns without Good Reason (as defined in the Cruz Employment Agreement) within twelve (12) months of the CFO Transition Date.

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Mr. Cruz will also be eligible to receive annual awards under the Company's Amended and Restated 2020 Incentive Award Plan (the "***Plan***"). Mr. Cruz's annual award of restricted stock units for fiscal year 2026 will have a target aggregate value of no less than $1,850,000.

In addition, Mr. Cruz will receive an award of restricted stock units with a total aggregate grant date value of $10,000,000 (the "***First Special Award***") under the Plan. The First Special Award will vest in three equal annual installments on each of the first three anniversaries of the CFO Transition Date, subject to continued employment. Mr. Cruz will also receive an award of restricted stock units with a total aggregate grant date value of $8,000,000 (the "***Second Special Award***"), under the Plan. The Second Special Award will vest in two equal annual installments on each of the fourth and fifth anniversaries of the CFO Transition Date, subject to continued employment. In addition, Mr. Cruz will be eligible to receive certain expense reimbursement allowances for professional fees, pursuant to the Cruz Employment Agreement.

If Mr. Cruz's employment is terminated by the Company without Cause or due to his resignation for Good Reason outside of the Change in Control Protection Period (as defined below), he will be entitled to the following, in addition to any accrued amounts, subject to his execution and non-revocation of a release of claims agreement: (i) any earned, unpaid annual bonus for the year prior to the year of termination, (ii) a pro-rated portion of his target annual bonus for the year of termination, (iii) continued payment of his base salary for 12 months following termination, (iv) continued group health coverage for up to 12 months following termination, (v) acceleration of all equity awards granted before the CFO Transition Date and (vi) acceleration of all equity awards granted after the CFO Transition Date to the extent that the awards would have vested had Mr. Cruz served as an employee of the Company for an additional 12 months after such termination.

If Mr. Cruz's employment is terminated by the Company without Cause or due to his resignation for Good Reason within a period of three months before and twelve months after the consummation of a Change in Control (as defined in the Plan) (such period, the "***Change in Control Protection Period***"), he will be entitled to the following, in addition to any accrued amounts, subject to his execution and non-revocation of a release of claims agreement: (i) any earned, unpaid annual bonus for the year prior to the year of termination, (ii) a pro-rated portion of his target bonus for the year of termination, (iii) continued payment of his base salary for 18 months following termination, (iv) continued group health coverage for up to 12 months following termination and (v) acceleration of all equity awards held by Mr. Cruz. In addition, to the extent that any payment or benefit received in connection with a change in control of the Company would be subject to an excise tax under Section 4999 of the Internal Revenue Code, such payments and/or benefits will be subject to a "best net" reduction if such reduction would result in a greater net after-tax benefit to Mr. Cruz than receiving the full amount of such payments.

Under the Cruz Employment Agreement, Mr. Cruz will be subject to twelve-month post-termination non-compete and non-solicit covenants as well as a perpetual confidentiality covenant.

The foregoing description of the Cruz Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Cruz Employment Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.

<u>Disman Transition Agreement</u> 

In connection with Ms. Disman's resignation as the Company's Chief Financial Officer, the Company entered into a transition agreement (the "***Disman Transition Agreement***") with Ms. Disman, whereby she will continue to serve as Chief Financial Officer through the CFO Transition Date. On the CFO Transition Date, Ms. Disman shall begin to be employed as a Senior Advisor to the Company until the Retirement Date (such period from the CFO Transition Date to the Retirement Date, the "***Transition Period***"). Subsequent to the Transition Period Ms. Disman will act as an independent Advisor for a period until the earlier of (x) April 1, 2027 or (y) the six month anniversary of the date she ceases to serve on the Board as a director of the Company ("the ***Advisory End Date***"). The Disman Transition Agreement provides for continued payment of Ms. Disman's annual base salary of $350,000 through the Retirement Date, as well as a cash bonus of $200,000, to be paid following Ms. Disman's execution and non-revocation of the Disman Transition Agreement. During the Transition Period, Ms. Disman will also be eligible to participate in the Company's annual cash bonus program. Her target annual bonus for fiscal year 2025 under such program shall be no less than $225,000. Additionally, during the Transition Period, Ms. Disman will also be eligible to receive an award of restricted stock units under the Plan, with a target aggregate value of $3,350,000, which will be granted at the same time as grants are customarily granted to Company executives, and which shall vest annually in three equal installments on each of the first three anniversaries of the grant date, subject to continued service as a director or independent advisor of the Company.

Ms. Disman will remain subject to restrictive covenants entered into in any agreement between Ms. Disman and the Company, including twelve-month post-termination non-compete and non-solicit covenants contained in the restricted stock unit agreements as well as a perpetual confidentiality covenant set forth in her current employment agreement.

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In addition, in connection with the signing of a release, upon the Retirement Date, Ms. Disman shall receive reimbursements for 12 months of the monthly COBRA premiums paid by Ms. Disman for her and her dependents. In addition, subject to Ms. Disman's continued service as a director of the Company or, until the earlier of the date 6 months following the end of Ms. Disman's continued service as a director of the Company or April 1, 2027, a consultant independent advisor to the Company, any unvested portion of equity awards that she has received will remain outstanding and eligible to vest.

The foregoing description of the Disman Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Disman Transition Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.

***Director Transitions***

On August 5, 2025, Mr. Cruz tendered his resignation as a Class II director of the Board and as a member of the Board's Audit Committee and Compensation Committee, effective as of August 5, 2025 (the "***Director Transition Date***"), and Donald Isaacman tendered his resignation as a Class III director of the Board, effective as of the Director Transition Date.

On August 5, 2025, the Board appointed Ms. Disman as a Class III director of the Company, effective as of the Director Transition Date. Ms. Disman is a party to the Company's standard indemnification agreement for directors and officers. There is no arrangement or understanding between Ms. Disman and any other person pursuant to which she was selected as a director of the Company, and there is no family relationship between either of Ms. Disman and any of the Company's other directors or executive officers. Other than compensation information already disclosed herein and in the Proxy Statement, Ms. Disman has no material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K.

As of the Retirement Date, Ms. Disman will be eligible to participate in the Company's Non-Employee Director Compensation Policy, which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on February 18, 2025.

***General Counsel Employment Agreement***

On August 5, 2025, Jordan Frankel, the Company's Secretary, General Counsel and Executive Vice President, Legal, Risk and Compliance, entered into a new employment agreement with the Company (the "***Frankel Employment Agreement***"), providing for an initial three-year term of employment with automatic one-year renewal terms unless otherwise terminated in accordance with the terms of the Frankel Employment Agreement. Pursuant to the Frankel Employment Agreement, commencing on the effective date of the Frankel Employment Agreement, Mr. Frankel will become the Chief Legal Officer of the Company, will receive an annual base salary of $350,000 and will also be eligible to participate in the Company's annual cash bonus program, with a target amount of $225,000. Mr. Frankel will also be eligible to receive annual equity awards under the Plan.

If Mr. Frankel's employment is terminated by the Company without Cause (as defined in the Frankel Employment Agreement) or due to his resignation for Good Reason (as defined in the Frankel Employment Agreement) outside of the Change in Control Protection Period, he will be entitled to the following, in addition to any accrued amounts, subject to his execution and non-revocation of a release of claims agreement: (i) any earned, unpaid annual bonus for the year prior to the year of termination, (ii) a pro-rated portion of his target annual bonus for the year of termination, (iii) continued payment of his base salary for 12 months following termination, (iv) continued group health coverage for up to 12 months following termination, (v) acceleration of all equity awards granted before the effective date of the Frankel Employment Agreement and (vi) acceleration of all equity awards granted after the effective date of the Frankel Employment Agreement to the extent that the awards would have vested had Mr. Frankel served as an employee of the Company for an additional 12 months after such termination.

If Mr. Frankel's employment is terminated by the Company without Cause or due to his resignation for Good Reason within the Change in Control Protection Period he will be entitled to the following, in addition to any accrued amounts, subject to his execution and non-revocation of a release of claims agreement: (i) any earned, unpaid annual bonus for the year prior to the year of termination, (ii) a pro-rated portion of his target bonus for the year of termination, (iii) continued payment of his base salary for 18 months following termination, (iv) continued group health coverage for up to 12 months following termination and (v) acceleration of all equity awards held by Mr. Frankel. In addition, to the extent that any payment or benefit received in connection with a change in control of the Company would be subject to an excise tax under Section 4999 of the Internal Revenue Code, such payments and/or benefits will be subject to a "best net" reduction if such reduction would result in a greater net after-tax benefit to Mr. Frankel than receiving the full amount of such payments.

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Under the Frankel Employment Agreement, Mr. Frankel will be subject to twelve-month post-termination non-compete and non-solicit covenants as well as a perpetual confidentiality covenant.

The foregoing description of the Frankel Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Frankel Employment Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.

***Forward-Looking Statements***

Except for historical information, all of the statements, expectations, and assumptions contained in this Current Report on Form 8-K are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding executive and director transitions, compensation arrangements, and the timing of the foregoing. Actual results may differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to the other risks, uncertainties, and other important factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and the Company's other filings with the SEC, copies of which are available free of charge on the Company's website at investors.shift4.com. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

**Item 9.01 - Financial Statements and Exhibits.**

(b) Pro Forma Financial Information

The Pro Forma Financial Information is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

(d) Exhibits

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| | |
|:---|:---|
| <u>Exhibit No.</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u> |
| 99.1 | <u>[Unaudited pro forma condensed combined balance sheet of Shift4 Payments, Inc. and Global Blue Group Holding AG as of March 31, 2025 and statement of operations for the year ended December 31, 2024 and the three months ended March 31, 2025 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed on May 15, 2025)](https://www.sec.gov/Archives/edgar/data/1794669/000119312525120830/d925794dex991.htm)</u> |
| 99.2 | <u>[Press Release issued on](ex992q2.htm)[August](ex992q2.htm)[5](ex992q2.htm)[, 2025](ex992q2.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 5, 2025

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| | |
|:---|:---|
| **SHIFT4 PAYMENTS, INC.** | **SHIFT4 PAYMENTS, INC.** |
| By: | /s/ Jordan Frankel |
| Name: | Jordan Frankel |
| Title: | Secretary, General Counsel and Executive Vice President, Legal, Risk and Compliance |

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## Exhibit 99.2

![](ex992q2001.jpg)

Q2 2025 SHAREHOLDER LETTER INVESTORS.SHIFT4.COM Exhibit 99.2

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![](ex992q2002.jpg)

Non-GAAP Financial Measures and Key Performance Indicators Forward-Looking Statements We use supplemental measures of our performance which are derived from our consolidated financial information but which are not presented in our consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures include: gross revenue less network fees, which includes interchange and adjustment fees; adjusted net income; adjusted net income per share; free cash flow; Adjusted Free Cash Flow; earnings before interest expense, interest income, income taxes, depreciation, and amortization ("EBITDA"); Adjusted EBITDA; Adjusted EBITDA conversion rate; and Adjusted EBITDA margin. Gross revenue less network fees represents a key performance metric that management uses to measure changes in the mix and value derived from our customer base as we continue to execute our strategy to expand our reach to serve larger, complex merchants. Adjusted net income represents net income adjusted for certain non-cash and other nonrecurring items that management believes are not indicative of ongoing operations, such as amortization of acquired intangible assets, acquisition, restructuring and integration costs, revaluation of contingent liabilities, loss on extinguishment of debt, impairment of intangible assets, gain (loss) on investments in securities, change in TRA liability, equity-based compensation expense, and foreign exchange and other nonrecurring items. Adjusted EBITDA is the primary financial performance measure used by management to evaluate its business and monitor results of operations. Adjusted EBITDA represents EBITDA further adjusted for certain non- cash and other nonrecurring items that management believes are not indicative of ongoing operations. These adjustments include acquisition, restructuring and integration costs, revaluation of contingent liabilities, loss on extinguishment of debt, gain (loss) on investments in securities, changes in TRA liability, equity-based compensation expense, and foreign exchange and other nonrecurring items. Adjusted EBITDA Margin represents Adjusted EBITDA divided by gross revenue less network fees. Free cash flow represents net cash provided by operating activities adjusted for certain non- discretionary capital expenditures. Adjusted Free Cash Flow represents free cash flow further adjusted for certain transactions that are not indicative of future operating cash flows, including acquisition, restructuring and integration costs, other nonrecurring expenses, and nonrecurring strategic capital expenditures that are not indicative of ongoing activities. We believe Adjusted Free Cash Flow is useful to measure the funds generated in a given period that are available to invest in the business, to repurchase stock and to make strategic decisions. The Adjusted EBITDA conversion rate is calculated as Adjusted Free Cash Flow divided by Adjusted EBITDA. We use non-GAAP financial measures to supplement financial information presented on a GAAP basis. We believe that excluding certain items from our GAAP results allows management to better understand our consolidated financial performance and, in the case of Adjusted Free Cash Flow, our liquidity, from period to period and better project our future consolidated financial performance as forecasts are developed at a level of detail different from that used to prepare GAAP-based financial measures. Moreover, we believe these non-GAAP financial measures provide our stakeholders with useful information to help them evaluate our operating results by facilitating an enhanced understanding of our operating performance and, in the case of Adjusted Free Cash Flow, our liquidity, and enabling them to make more meaningful period to period comparisons. There are limitations to the use of the non-GAAP financial measures presented in this letter. Our non-GAAP financial measures may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this letter. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; potential changes in the competitive landscape, including disintermediation from other participants in the payments chain; the effect of global economic, political and other conditions on trends in consumer, business and government spending; fluctuations in inflation; our ability to anticipate and respond to changing industry trends and the needs and preferences of our merchants and consumers; our reliance on third-party vendors to provide products and services; risks associated with acquisitions; dispositions, and other strategic transactions; risks associated with our Series A Mandatory Convertible Preferred Stock; our inability to protect our IT systems and confidential information, as well as the IT systems of third parties we rely on, from continually evolving cybersecurity risks, security breaches or other technological risks; compliance with governmental regulation and other legal obligations, particularly related to privacy, data protection and information security, marketing across different markets where we conduct our business; risks associated with a The non-GAAP financial measures are not meant to be considered as indicators of performance, or in the case of Adjusted Free Cash Flow, as an indicator of liquidity, in isolation from or as a substitute for financial information prepared in accordance with GAAP, and should be read only in conjunction with financial information presented on a GAAP basis. Reconciliations of EBITDA, Adjusted EBITDA, gross revenue less network fees, adjusted net income, adjusted net income per share, free cash flow and Adjusted Free Cash Flow to, in each case, its most directly comparable GAAP financial measure are presented in Appendix - Financial Information. For the full year 2025, we are unable to provide a reconciliation of Gross revenue less network fees, Adjusted EBITDA, and Adjusted Free Cash Flow to Gross Profit, Net Income, and net cash provided by operating activities, respectively, the nearest comparable GAAP measures, without unreasonable efforts. We encourage you to review the reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented. In future fiscal periods, we may exclude such items and may incur income and expenses similar to these excluded items. In addition, key performance indicators include volume, Blended Spread and margin. Volume is defined as the total dollar amount of payments that we deliver for settlement on behalf of our merchants. Included in volume are dollars routed via our international payments platform, alternative payment methods, including cryptocurrency, stored value, gift cards and stock donations, plus volume we route to third party merchant acquirers on behalf of strategic enterprise merchant relationships. We do maintain transaction processing on certain legacy platforms that are not defined as volume. Blended Spread represents the average yield Shift4 earns on the average volume processed for a given period after network fees. Blended Spread is calculated as payments-based revenue less gateway revenue and network fees for a given period divided by the volume processed for the same period. variety of laws and regulations, including those relating to financial services, money-laundering, anti-bribery, sanctions, and counter-terrorist financing, consumer protection and cryptocurrencies; our ability to continue to expand our share of the existing payment processing markets or expand into new markets; additional risks associated with our expansion into international operations, including compliance with and changes in foreign regulations governmental policies, as well as exposure to foreign exchange rates; our ability to integrate and interoperate our services and products with a variety of operating systems, software, devices, and web browsers; our dependence, in part, on our merchant and software partner relationships and strategic partnerships with various institutions to operate and grow our business; and the significant influence Jared Isaacman, our Executive Chairman and founder, has over us, including control over decisions that require the approval of stockholders, including a change in control, and the timing of any of the foregoing. These and other important factors discussed under the caption "Risk Factors" in Part I, Item 1A. in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, Part II, Item 1A. in our Quarterly Report on Form 10-Q for the period ended June 30, 2025, and our other filings with the Securities and Exchange Commission could cause actual results to differ materially from those indicated by the forward-looking statements made in this letter. Any such forward-looking statements represent management's estimates as of the date of this letter. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. 2 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 for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this letter, other than statements of historical fact, including, without limitation, statements relating to our position as a leader within our industry; our future results of operations and financial position, business strategy and plans; the anticipated benefits of and costs associated with recent acquisitions; and objectives of management for future operations and activities, including, among others, statements regarding expected growth, international expansion, future capital expenditures, debt covenant compliance, financing activities, debt service obligations including the settlement of conversions of our 2025 Convertible Notes, our financial outlook and guidance for 2025 or any other period, including key performance indicators, anticipated synergies as a result of the Global Blue acquisition, and the timing of any of the foregoing are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other similar expressions, though not all forward-looking statements can be identified by such terms or expressions.

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Dear Fellow Shareholders, Jared Isaacman CEO jared@shift4.com This quarter was a particularly eventful one at Shift4. We delivered results that were largely within our expectations while also executing on numerous long-term strategic objectives, which will pay off for many years to come. We are raising our standalone revenue guidance modestly for the remainder of the year and will separately be reflecting the impact of Global Blue's contribution since closing in early July. Regarding our financial results, payment volumes were $50 billion, gross revenues less network fees were $413 million and adjusted EBITDA were $205 million. Each of these were records for Q2 and up 25%, 29% and 26% from the previous year respectively. Most importantly, payment spreads remained stable and the business mix was more diversified by geography and industry vertical than at any other point in our history. International spreads have generally been more favorable than our early forecasts, which we anticipate to continue. Please see page 6 for a summary of how payment volume has been diversified over the last few years. These results are not by chance. They are the results of having industry leading products across large economic verticals: Hotels, Restaurants, Sports & Entertainment, etc., an excellent team and a winning capital allocation strategy. In the quarter we continued to add incredible customers and have highlighted a few in this quarter's update. We also completed a raise of debt and convertible preferred stock. This was very well received by the markets and was over 6x oversubscribed. We used the opportunity to finance the Global Blue acquisition, raise capital and extend maturities. As a result we have a balance sheet that affords us the ability to continue to invest in both short and long term needle movers. The closing of Global Blue puts us on yet another transformational journey. Our revised 2025 guidance now assumes a $330M revenue contribution and $125M adjusted EBITDA contribution from Global Blue for the remainder of the year. On page 18 you will find a reconciliation bridge to help illustrate how their performance will contribute to Shift4. We now have an industry leading product in an entirely new vertical, luxury retail, and operate in six continents. Most importantly the acquisition brings our cross-sell funnel to over $1 trillion in payments volume. This means "a foot in the door" to the best customers in the world and very few mysteries as to where our next $1 trillion in volume will come from. V4 - DRAFTS CIRCULATED VIA EMAIL (WORD DOC) 3 3

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4 4 We are tracking well towards our medium term guidance and for the "most likely case", which as you recall contemplates a 30% 3 Year CAGR on Gross Revenues Less Network Fees and Adjusted EBITDA and, most importantly, a $1 billion free-cash-flow run rate. It is with mixed emotions that I announce that Nancy Disman will be retiring from the company at year end and rejoining our board of directors. Those of you who have spent time with her clearly understand the incredible impact she's had on the organization and we feel privileged to continue to benefit from her expertise as a board member. Chris Cruz, who has been with the organization for over a decade will be joining full time as CFO. Chris saw the potential in the business and the team far before we were the public company we are today and, through Searchlight Capital purchased a 60% stake in Shift4 in 2016. He has been a board member ever since and at the center of our most important decisions. Just like Nancy, he was a member of our Audit Committee. We're thrilled to have him join us full time. As always, we thrive on ideas, feedback and, of course, customer introductions. Please never hesitate to reach out. Boldly Forward, Taylor Lauber Chief Executive Officer tlauber@shift4.com V5 - DRAFTS CIRCULATED VIA EMAIL (WORD DOC)

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Q2 2025 Payment volumes were ~4.2x Q2 2021 levels $11.8 $16.9 $26.8 $40.1 $50.1 Q2-21 Q2-22 Q2-23 Q2-24 Q2-25 (A) See page 2 for a description of non-GAAP financial measures. For a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the relevant tables in "Appendix - Financial Information" of this document. 5 Q2 Volume Gross Profit & Gross Revenue Less Network Fees(A) ($BILLION) Performance Highlights Second Quarter 2025 +25% YoY Q2 VOLUME 43% CAGR Net Income & Adjusted EBITDA(A) Net Cash Provided by Operating Activities & Adjusted Free Cash Flow(A) ($MILLION) ($MILLION) ($MILLION) +26% YoY GROSS PROFIT $41.1M NET INCOME • $205.1M +26% YoY ADJUSTED EBITDA(A) +29% YoY GROSS REVENUE LESS NETWORK FEES(A) • Volume of $50.1 billion during Q2 2025, up 25% from Q2 2024. • Gross revenue of $966.2 million, up 17% from Q2 2024. • Gross profit of $275.1 million, up 26% from Q2 2024. • Gross revenue less network fees(A) of $413.4 million, up 29% from Q2 2024. • Net income for Q2 2025 was $41.1 million. Net income per class A and C share was $0.35 and $0.32 on a basic and diluted basis, respectively. Adjusted net income for Q2 2025 was $109.1 million, or $1.10 per class A and C share on a non- GAAP basis.(A) • EBITDA of $164.3 million and Adjusted EBITDA of $205.1 million for Q2 2025, up 31% and 26%, respectively. Adjusted EBITDA margin of 50% for Q2 2025.(A) Q2 5 $54.5 $72.2 $139.3 $19.5 $41.1 $162.4 $187.4 $205.9 $168.5 $205.1 Net Income Adjusted EBITDA Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 $73.0 $98.4 $158.7 $218.8 $275.1 $136.3 $182.6 $228.1 $320.6 $413.4 Gross Profit: 4-Year CAGR 39% Gross Revenue Less Network Fees: 4-Year CAGR 32% Q2-21 Q2-22 Q2-23 Q2-24 Q2-25 $111.8 $142.5 $131.0 $96.6 $141.9 $76.0 $110.6 $134.4 $70.5 $117.6 Net Cash Provided By Operating Activities Adjusted Free Cash Flow Q2-24 Q3-24 Q4-24 Q1-25 Q2-25

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Moving up market with industry leading volume growth while improving overall unit economics Executing on Our Strategic Objectives 6 6 Increased Volume and Improved Diversity Move Up Market Average size of merchant based on volume is 363% of 2021 levels. Signed Merchants Volume Backlog Stable Spreads Despite Moving Up Market and Going International Full Year 2025 blended spreads are now expected to be north of 60bps Scaling and diversifying Backlog of $35B+ TBU "Our blended spreads in Q2 were 63bps" [graphic] Our blended spreads in Q2 were 63bps

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7 7 We Are a Market Leader Across Multiple Verticals and 6 Continents… and We Are Not Slowing Down NEW PAGE #2 in Restaurants (Menchie's) World class technology, sophisticated distribution, and an overall lower cost of ownership #1 in Hotels (Alterra) One Hand to Shake: the only hospitality platform to deliver the entire payments value chain under one roof #1 in Sports & Entertainment (Yankees) The most comprehensive owned solution in the sector - everything from concessions to merchandise Growing opportunity in Unified Commerce We are ready to grow beyond our leading verticals across the globe, and are better positioned than ever after our acquisition of Global Blue Tag line for the bottom: "We are uniquely advantaged by our category-leading products, our extensive library of software integrations, and our now $1 trillion + cross sell payments funnel. We have both a proven formula and the firepower to keep running our Shift4 Playbook all around the world for years into the future" We are uniquely advantaged by our category-leading products, our extensive library of software integrations, and our now $1 trillion + cross sell payments funnel. We have both a proven formula and the firepower to keep running our Shift4 Playbook all around the world for years into the future #2 #1 #1 in Restaurants in Hotels in Sports & Entertainment Growing Opportunity in Unified Commerce World class technology, sophisticated distribution, and an overall lower cost of ownership One Hand to Shake: the only hospitality platform to deliver the entire payments value chain under one roof The most comprehensive owned solution in the sector - everything from concessions to merchandise We are ready to grow beyond our leading verticals across the globe, and are better positioned than ever after our acquisition of Global Blue OPTION B

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Shift4 continues to gain market share in restaurants, winning new restaurants every day 8 Intended Message: The rollout of SkyTab is accelerating, recent promotions are resonating with merchants who increasingly sensitive to cost Restaurant Update [ADD?]: 2024 Goal: install over 30,000 SKyTab POS systems domestically MERA MARINAS Search "Shift4" on X (f.k.a. Twitter) to see dozens of installs every day! Q2 was a record quarter for SkyTab, with over 10,000 new wins added! Search "Shift4" on X (f.k.a. Twitter) to see dozens of installs every day! We remain on track to meet our 2025 goal of 45,000 SkyTab global system installs!

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Continuing to expand market share in hospitality vertical Hospitality Update 9 9 Continuing to expand arket share in hospitality vertical Denotes Gateway Conversion★ Camelback Resort in Tannersville, PA offers the ultimate mountain getaway in the Poconos with waterparks, mountain adventures, and luxe suites and condos. Capital Vacations Located in Jacksonville, FL, Ponte Vedra Beach Resorts have offered guests elegant and refined resort, golf, tennis, spa, and recreation experiences for over 90 years. Ponte Vedra Beach Resorts Located slopeside on Blackcomb Mountain in Whistler, BC, Blackcomb Springs Suites provides a relaxing environment that fully embraces the outdoors. Camelback ResortBlackcomb Springs Suites Shift4 has partnered with Capital Vacations to power payments for over 200 travel destinations across the United States, in Mexico, and in the Caribbean. Shift4 is now processing payments for four more downtown Las Vegas resorts, extending our presence across the city: both Golden Gate and Circa Hotel & Casino, The D Las Vegas, and Downtown LV Events Center. Shift4 has partnered with Corner Collection to power payments for their award-winning boutique hotels, restaurants, and spas in Montreal, Quebec. ★ ★ other sportsbook image opts:

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Continuing to expand market share in hospitality vertical Hospitality Update 1 0 10 Continuing to expand arket share in hospitality vertical Denotes Gateway Conversion★ Shift4 has partnered with Stonebridge Companies, a hospitality management group, to power payments in its 160+ hotels across the United States. White Elephant Aspen Located in one of the world's top travel destinations, Westgate Resorts and Hotels is redefining Orlando vacation getaways with outstanding accommodations and fun family activities. Westgate Resorts & Hotels Orlando Snow King Resort offers guests an immersive mountain retreat in Jackson Hole, WY, complete with ski-in/ski-out access, luxurious rooms, and year-round adventures. Stonebridge CompaniesSnow King Resort A unique experience in a Southwestern setting, Sandia Resort & Casino in Albuquerque, NM offers gaming, dining, entertainment, golf, a spa, and much more. Hotel Contessa, situated on San Antonio's Riverwalk, is an all-suite retreat offering a AAA Four-Diamond experience with authentic Texas cuisine and a boutique rooftop spa. Sandia Resort & CasinoHotel Contessa San Antonio Blending modern luxe with mountain contemporary, White Elephant Aspen offers guests unforgettable stays in the Roaring Fork Valley of the Rocky Mountains.

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Sports & Entertainment Update Powering payments through POS, mobile ordering, ticketing, and more 1 1 11 15+ ZOOS AND AQUARIUMS ACROSS THE U.S. Shift4 has partnered with SSA Group to power payments for concessions and ticketing for more than 15 zoos, museums, aquariums, and other cultural attractions. 2 new features: glastonbury, rocket arena (cleveland cavaliers) Shift4 is powering payments for concessions at England's iconic Glastonbury Festival, one of the world's largest and most renowned festivals. Shift4 is now powering payments for food & beverage concessions at Rocket Arena through SkyTab Venue, in addition to powering ticketing.

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1 2 12 Shift4 is processing payments for food & beverage concessions at University of Arizona's McKale Memorial Center through SkyTab Venue. University of Arizona UC Irvine Sports & Entertainment Update Powering payments through POS, mobile ordering, ticketing, and more Shift4 is powering payments for food & beverage concessions at University of California, Irvine's Bren Events Center through SkyTab Venue. NOW WITH TICKETING University of LouisvilleUniversity of Kentucky Shift4 is processing payments for food & beverage concessions at University of Kentucky's Rupp Arena through SkyTab Venue. Shift4 is powering payments at L&N Federal Credit Union Stadium through SkyTab. ++2 university of arizona UC Irvine Shift4 is powering payments for food & beverage concessions at Ford Field through SkyTab Venue and ticketing through our integration with Ticketmaster.

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Spectacle Live 1 3 13 San Jose Sharks Destin-Fort Walton Beach Convention Center MGM Music Hall Located on Okaloosa Island, the Destin-Fort Walton Beach Convention Center has partnered with Shift4 to power food & beverage concessions through SkyTab Venue. Shift4 is powering payments for food & beverage concessions at SAP Center for the San Jose Sharks through SkyTab Venue. Sports & Entertainment Update Powering payments through POS, mobile ordering, ticketing, and more Shift4 has partnered with Spectacle Live, an event management company, to power ticket payment processing for seven music venues. Located near Fenway Park in Boston, MA, MGM Music Hall hosts live performances with a capacity of over 5,000 — and they partnered with Shift4 to power payments for concessions. 6 wins: MGM music hall san jose sharks spectacle live destin-ft walton convention center walter e washington convention center las vegas lights Cape May Zoo Shift4 is processing payments for food & beverage concessions at the Indianapolis Zoo through SkyTab Venue. Indianapolis Zoo Shift4 is powering payments for food & beverage concessions at the Cape May Zoo through SkyTab Venue.

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Unified Commerce Wins Continuing to gain momentum in our Unified Commerce vertical 1 4 14 NON-PROFITS CRYPTO GAMING RETAIL We expect to be live in all 24 sportsbook locations by year end Non Profit: Alexander Wildlife Rescue Center - New Deal The Dovetail Project - New Deal Wounded Warriors Family Support - New Deal Center for Human Rights in Iran - New Deal Hope Strengthens Foundation - New Deal RENEW - New Deal Center for Humane Technology - New Deal Asian American Action Fund - New Deal (C4) Tioga Fund - New Deal HeartCry Missionary Society - New Deal CHI Memorial - New Deal Patriot Relief - New Deal World Child Cancer UK - New Center for Climate Integrity - New Deal Upright Africa - New Deal Big Sky Bravery Foundation - New Deal GiveDirectly - New Deal Cancer Research Institute - New Deal Spotlight on Africa - New Deal The Giving Block Foundation - New Deal Norwegian Refugee Council - New Deal Retail: Romantix Mobility City Holdings Worldsprings Becker Furniture Sherman's China Eastern Airlines Crypto: LB Network Cryptobit Transfi Zebedee (ZBD) Bright Technologies HFinance Excurr TRANSPORTATION Salvation Army Australia, Animal Welfare Observatory, Converence Animal Politics, Sierra Club Foundation, America250, Open Security Alliance, DonorsChoose, Hepatitis B Foundation, Teach for America, PetcoLove, Children's Specialized Hospital, No Matter What Foundation, Via International, Mamatoto Village, Trickle Up Program, Ozone House, Christian Help Foundation pensopay, frisbii Tao Group, PMG, ID Funds, Swapped, Mercuryo, Solana Foundation, Tether Payments Group, Polygon Labs Add BYD as a separate section here

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Shift4 continues to move Boldly Forward towards becoming a truly global company 1 5 • Restaurants - SKYTAB + VECTRON ◦ UK ▪ Crolla Ice cream ▪ The Moot Bar Ltd ▪ Barton Fish and Chips ▪ Bridgend Ravens Rugby Club Ltd ▪ The Crown Hotel ▪ The big jug ▪ The Embassy Hotel, Hull ▪ Tree House ▪ Billycan Tenby ▪ Brack Burger ▪ So Salsa Tapas Restaurants ◦ Ireland ▪ Taylors bar and beer garden ▪ The Phoenix Bar ▪ The Old Rectory ▪ Clancys Pub ▪ Hup Street Food ◦ Canada ▪ The Bertossi Group ▪ Cheers Beverage Room ▪ Chicken Chef ▪ The Happy Baker ▪ Yavis Family Restaurant ▪ Richibucto River Wine Eestate ▪ New England Pizza Company ▪ Social 99 - Burlington ▪ Smoke's Poutinerie (27 locations) ▪ The Roxy - Vancouver ◦ Germany - Vectron Wins ▪ Sojubar ▪ Pistazio ▪ Cafe Wortner ▪ Heberer Traditional Bakery - 160+ locations ▪ 1328 Restaurant & Bar ▪ Coffee Baum ▪ Blumencafe ▪ Estia Restaurant ▪ Bäckerei Diener - 8 locations ▪ El Rancho Eschweiler ▪ Kaska Grill Restaurant ▪ Inci Fisch und Seafood Restaurant ▪ Hofladen Cremerius GbR ▪ Gelato Mio - 6 locations ▪ Hasir Group - 10 locatins 15 Adding 1,000+ International Restaurant/Hospitality Wins Per Month! International card present momentum is picking up steam! SkyTab is growing quickly in the UK, Ireland, and Canada, while Vectron payment cross-sells are strong in Germany 15+ Locations 15+ Locations 150+ Locations Germany England & Ireland We now have full control of Vectron, and had nearly 800 cross-sells in Q2 Crusty Slices, Wirthaus am See, Baeckerei- Konditorei, Backerei Suwolto, Brauhof Wilshaus, Cafe alte Pletschmuhle, Salzkammer Restaurant, Restaurant Faustus, Umar Fisch Restaurant, Lindi Bodensee gbr, Klosterhof Soflingen Ramping UK/Ireland presence quickly with nearly 3,000 SkyTab deals in the UK & Ireland Wildwood Restaurants, Sticks N Sushi, Dim T, Central Park Cafe, Dunnes Garden Center, LaTorre Restaurant, Lock Keeper Pub, Martines Restaurant, Potters Arms

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Shift4 continues to move Boldly Forward towards becoming a truly global company 1 6 16 Going Global: Continuing Our International Momentum We have closed on our landmark acquisition of Global Blue, expanding our footprint to 75+ countries Thousands of hotels, restaurants, and unified commerce merchants are being added all over the world UPDATED MAP PAGE Show we are live processing in 6 continents. went live with BYD in Latam as latest proof point of growing unified commerce platform. blue chips are coming to work with us becausee of our geo coverage and balance of card present and CNP + possibly hit curb again WHAT we need to include: -new map (map from investor day + the dark blue countries "coming soon" from this one" -callout with "We have closed on our landmark acquisition of Global Blue, expanding our footprint to 75+ countries" maybe above the map, and then maybe another one below with "Global Blue has accelerated our international expansion, and we will continue to follow our strategic partner into new geographies" CURRENTLY PROCESSING COMING SOON Global Blue has accelerated our international expansion, and we will continue to follow our strategic partner into new geographies

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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. Updating Our Full Year 2025 Guidance to Reflect Our Recent Acquisition of Global Blue 1 7 17 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 $200 Billion +21% YoY +33% YoY $220 Billion $1.965 Billion +45% YoY +50% YoY $2.035 Billion TO TO Volume Raising our GRLNF Range Gross Revenue Less Network Fees TO $965 Million 42% YoY +46% YoY $990 Million Raising our Adjusted EBITDA range Adjusted EBITDA Maintaining our Adjusted FCF Conversion Adjusted Free Cash Flow from $840 Million to $865 Million 50%+ Adj. FCF Conversion Maintaining our Volume range from $1.660 Billion to $1.730 Billion Organic revenue remains on track to grow well north of 25% YoY (A) (A) (A) Full Year 2025 Guidance Providing 3Q25 Guidance ~$590M $415 M TO Q2 2025 Gross Revenue Less Network Fees Adjusted EBITDA ~$290M Q2 2025 TBU

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Global Blue 2H25 Bridge ($'s in Millions)(1) Breaking Down the Impact of Global Blue We are providing bridges to help explain the impact of Global Blue on our Updated Guidance 1 8 18 Full Year Global Blue Guidance Impact Bridge ($'s in Millions) GRLNF Guide Bridge Adj. EBITDA Guide Bridge (1) Represents an IFRS to US GAAP adjustment for lease payments, which are capitalized under IFRS but treated as operating expenses under US GAAP.

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Appendix - Financial Information 19

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Second Quarter of 2025 Condensed Consolidated Balance Sheets UNAUDITED In millions June 30, 2025 December 31, 2024 ASSETS Current assets Cash and cash equivalents $3,029.3 $1,211.9 Settlement assets 312.2 298.1 Accounts receivable, net 372.7 348.7 Prepaid expenses and other current assets 65.2 51.7 Total current assets 3,779.4 1,910.4 Noncurrent assets Equipment for lease, net 192.9 165.1 Property, plant and equipment, net 22.2 27.2 Right-of-use assets 33.6 36.9 Collateral held by the card networks 41.4 37.5 Goodwill 1,517.7 1,455.6 Residual commission buyouts, net 119.3 157.2 Capitalized customer acquisition costs, net 72.4 65.3 Other intangible assets, net 778.7 758.4 Deferred tax assets 391.6 396.8 Other noncurrent assets 41.4 31.0 Total assets $6,990.6 $5,041.4 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current portion of debt $688.6 $686.9 Settlement liabilities 308.2 293.3 Accounts payable 284.6 248.3 Accrued expenses and other current liabilities 161.7 120.5 Current portion of TRA liability 25.8 4.3 Deferred revenue 12.9 15.5 Current lease liabilities 10.8 11.0 Total current liabilities 1,492.6 1,379.8 Noncurrent liabilities Long-term debt 3,043.2 2,154.1 Noncurrent portion of TRA liability 336.4 361.2 Deferred tax liabilities 40.8 60.6 Noncurrent lease liabilities 26.0 29.3 Other noncurrent liabilities 32.8 38.7 Total liabilities 4,971.8 4,023.7 Redeemable noncontrolling interests 28.2 — Stockholders' equity Series A Mandatory Convertible Preferred Stock 973.6 — Additional paid-in-capital 852.4 1,063.0 Accumulated other comprehensive income (loss) 62.9 (28.2) Retained deficit (296.4) (228.2) Total stockholders' equity attributable to Shift4 Payments, Inc. 1,592.5 806.6 Non-redeemable noncontrolling interests 398.1 211.1 Total stockholders' equity 1,990.6 1,017.7 Total liabilities, redeemable noncontrolling interests and stockholders' equity $6,990.6 $5,041.4 2 0 20

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Second Quarter of 2025 Condensed Consolidated Statements of Operations UNAUDITED In millions, except share and per share data Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Gross revenue $966.2 $827.0 $1,814.5 $1,534.4 Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (673.7) (595.2) (1,265.0) (1,114.8) General and administrative expenses (130.4) (110.1) (284.4) (217.2) Revaluation of contingent liabilities 0.9 (0.3) 4.6 (2.4) Depreciation and amortization expense (A) (57.6) (46.7) (113.6) (91.5) Professional expenses (15.2) (11.6) (33.8) (19.6) Advertising and marketing expenses (7.1) (3.9) (13.8) (8.3) Income from operations 83.1 59.2 108.5 80.6 Loss on extinguishment of debt (3.1) — (3.1) — Interest income 19.2 5.0 31.6 10.4 Other income (expense), net (3.0) 0.4 (4.2) 1.8 Gain (loss) on investments in securities (0.3) (0.2) — 10.8 Change in TRA liability (0.8) (3.6) 2.2 (4.8) Interest expense (39.4) (8.1) (67.9) (16.2) Income before income taxes 55.7 52.7 67.1 82.6 Income tax benefit (expense) (14.6) 1.8 (6.5) 0.4 Net income 41.1 54.5 60.6 83.0 Less: Net income attributable to noncontrolling interests (7.1) (15.3) (9.9) (23.2) Net income attributable to Shift4 Payments, Inc. 34.0 39.2 50.7 59.8 Less: Preferred stock dividend (9.5) — (9.5) — Net income attributable to common stockholders $24.5 $39.2 $41.2 $59.8 Basic net income per share Class A net income per share - basic $0.35 $0.59 $0.59 $0.90 Class A weighted average common stock outstanding - basic 66,456,102 64,438,168 67,074,718 64,441,324 Class C net income per share - basic $0.35 $0.59 $0.59 $0.90 Class C weighted average common stock outstanding - basic 1,345,698 1,689,805 1,398,681 1,692,360 Diluted net income per share Class A net income per share - diluted $0.32 $0.58 $0.52 $0.89 Class A weighted average common stock outstanding - diluted 87,917,559 65,564,817 89,453,179 65,763,523 Class C net income per share - diluted $0.32 $0.58 $0.52 $0.89 Class C weighted average common stock outstanding - diluted 1,345,698 1,689,805 1,398,681 1,692,360 (A) Depreciation and amortization expense includes depreciation of equipment under lease of $17.4 million and $33.7 million for the three and six months ended June 30, 2025, respectively, and $13.0 million and $24.9 million for the three and six months ended June 30, 2024, respectively. 2 1 21

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Second Quarter of 2025 Condensed Consolidated Statements of Cash Flows UNAUDITED In millions Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 OPERATING ACTIVITIES Net income $41.1 $54.5 $60.6 $83.0 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 88.4 69.7 173.6 135.8 Equity-based compensation expense 15.2 14.3 41.2 37.1 Revaluation of contingent liabilities (0.9) 0.3 (4.6) 2.4 (Gain) loss on investments in securities 0.3 0.2 — (10.8) Change in TRA liability 0.8 3.6 (2.2) 4.8 Amortization of capitalized financing costs, net of premium accretion 5.4 2.0 8.9 4.1 Loss on extinguishment of debt 3.1 — 3.1 — Provision for bad debts 1.9 2.1 6.0 3.9 Deferred income taxes (2.8) (9.3) (20.5) (9.3) Unrealized foreign exchange losses (gains) 3.9 (0.4) 3.9 (1.8) Other noncash items — (0.5) — (1.6) Payments on contingent liabilities in excess of initial fair value (0.8) — (0.8) (0.3) Change in other operating assets and liabilities (13.7) (24.7) (30.7) (20.5) Net cash provided by operating activities 141.9 111.8 238.5 226.8 INVESTING ACTIVITIES Acquisitions, net of cash acquired — (301.4) (3.7) (301.4) Acquisition of equipment to be leased (23.2) (22.0) (53.5) (46.4) Capitalized software development costs (18.7) (16.8) (36.9) (31.5) Acquisition of property, plant and equipment (0.9) (2.2) (2.4) (3.5) Deposits with sponsor bank, net — — (26.8) — Residual commission buyouts (6.1) (0.4) (7.9) (1.3) Proceeds from sale of investments in securities 1.7 1.0 2.0 2.6 Investments in securities — — (3.0) — Net cash used in investing activities (47.2) (341.8) (132.2) (381.5) FINANCING ACTIVITIES Proceeds from long-term debt 1,313.2 — 1,313.2 — Proceeds from preferred stock 1,000.0 — 1,000.0 — Repayment of debt (450.0) — (450.0) — Deferred financing costs (45.3) — (45.3) — Settlement line of credit — — 26.8 — Settlement activity, net (A) (3.6) 4.3 (29.1) (54.0) Repurchases of Class A common stock (85.3) (15.9) (148.2) (15.9) Payments for withholding tax related to vesting of restricted stock units (1.0) (2.1) (18.8) (11.2) Payments on contingent liabilities (1.5) (0.8) (1.5) (0.9) Distributions to noncontrolling interests (18.6) (1.7) (18.7) (2.0) Net change in bank deposits — (50.5) — (70.8) Other financing activities (1.1) — (2.3) — Net cash provided by (used in) financing activities 1,706.8 (66.7) 1,626.1 (154.8) Effect of exchange rate changes on cash and cash equivalents and restricted cash 67.3 (2.5) 82.1 (9.0) Change in cash and cash equivalents and restricted cash 1,868.8 (299.2) 1,814.5 (318.5) Cash and cash equivalents and restricted cash, beginning of period 1,384.3 702.5 1,438.6 721.8 Cash and cash equivalents and restricted cash, end of period (B) $3,253.1 $403.3 $3,253.1 $403.3 2 2 22 (A) Beginning in Q4 2024, Shift4 reclassed "Settlement activity, net" from operating to financing activities. Prior periods have been revised to conform to the current period. (B) The ending balance as of June 30, 2025 includes $223.8 million of settlement-related cash included within Settlement assets on the Consolidated Balance Sheet.

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Second Quarter of 2025 Reconciliations of Gross Revenue to Gross Profit and Gross Profit to Gross Revenue Less Network Fees UNAUDITED In millions Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Payments-based revenue $868.5 $755.8 $1,624.2 $1,410.9 Subscription and other revenues 97.7 71.2 190.3 123.5 GROSS REVENUE 966.2 827.0 1,814.5 1,534.4 Less: Network fees (552.8) (506.4) (1,032.6) (950.1) Less: Other costs of sales (exclusive of depreciation of equipment under lease) (120.9) (88.8) (232.4) (164.7) Less: Depreciation of equipment under lease (17.4) (13.0) (33.7) (24.9) GROSS PROFIT $275.1 $218.8 $515.8 $394.7 GROSS PROFIT $275.1 $218.8 $515.8 $394.7 Add back: Other costs of sales 120.9 88.8 232.4 164.7 Add back: Depreciation of equipment under lease 17.4 13.0 33.7 24.9 GROSS REVENUE LESS NETWORK FEES $413.4 $320.6 $781.9 $584.3 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Payments-based revenue $324.8 $473.9 $600.1 $755.8 $806.8 $772.4 $755.7 $868.5 Subscription and other revenues 26.2 32.8 36.9 71.2 102.4 114.6 92.6 97.7 GROSS REVENUE 351.0 506.7 637.0 827.0 909.2 887.0 848.3 966.2 Less: Network fees (214.7) (324.1) (408.9) (506.4) (544.1) (482.0) (479.8) (552.8) Less: Other costs of sales (exclusive of depreciation of equipment under lease) (58.2) (76.8) (61.2) (88.8) (97.8) (118.8) (111.5) (120.9) Less: Depreciation of equipment under lease (5.1) (7.4) (8.2) (13.0) (14.1) (15.4) (16.3) (17.4) GROSS PROFIT $73.0 $98.4 $158.7 $218.8 $253.2 $270.8 $240.7 $275.1 GROSS PROFIT $73.0 $98.4 $158.7 $218.8 $253.2 $270.8 $240.7 $275.1 Add back: Other costs of sales 58.2 76.8 61.2 88.8 97.8 118.8 111.5 120.9 Add back: Depreciation of equipment under lease 5.1 7.4 8.2 13.0 14.1 15.4 16.3 17.4 GROSS REVENUE LESS NETWORK FEES $136.3 $182.6 $228.1 $320.6 $365.1 $405.0 $368.5 $413.4 2 3 23

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Second Quarter of 2025 Reconciliations of Net Income to Adjusted EBITDA and Net Income to Adjusted Net Income UNAUDITED In millions, except share and per share data Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 NET INCOME $54.5 $72.2 $139.3 $19.5 $41.1 Interest expense 8.1 18.3 27.3 28.5 39.4 Interest income (5.0) (9.7) (13.6) (12.4) (19.2) Income tax (benefit) expense (1.8) (280.5) (15.2) (8.1) 14.6 Depreciation and amortization 69.7 77.3 83.5 85.2 88.4 EBITDA $125.5 $(122.4) $221.3 $112.7 $164.3 Acquisition, restructuring and integration costs 13.7 8.8 12.3 27.5 10.6 Revaluation of contingent liabilities 0.3 1.5 0.1 (3.7) (0.9) Loss on extinguishment of debt — — — — 3.1 (Gain) loss on investments in securities 0.2 (10.8) (45.1) (0.3) 0.3 Change in TRA liability 3.6 289.4 (5.2) (3.0) 0.8 Equity-based compensation 14.5 14.4 15.8 27.2 15.3 Foreign exchange and other nonrecurring items 4.6 6.5 6.7 8.1 11.6 ADJUSTED EBITDA $162.4 $187.4 $205.9 $168.5 $205.1 ADJUSTED EBITDA $162.4 $187.4 $205.9 $168.5 $205.1 GROSS REVENUE LESS NETWORK FEES $320.6 $365.1 $405.0 $368.5 $413.4 ADJUSTED EBITDA MARGIN (A) 51 % 51 % 51 % 46 % 50 % (A) Represents Adjusted EBITDA divided by gross revenue less network fees. RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 NET INCOME $54.5 $72.2 $139.3 $19.5 $41.1 ADJUSTMENTS: Amortization of acquired intangible assets 38.8 43.5 46.7 45.8 46.9 Acquisition, restructuring and integration costs 13.7 8.8 12.3 27.5 10.6 Revaluation of contingent liabilities 0.3 1.5 0.1 (3.7) (0.9) Loss on extinguishment of debt — — — — 3.1 (Gain) loss on investments in securities 0.2 (10.8) (45.1) (0.3) 0.3 Change in TRA liability 3.6 289.4 (5.2) (3.0) 0.8 Equity-based compensation 14.5 14.4 15.8 27.2 15.3 Foreign exchange and other nonrecurring items 4.6 6.5 6.7 8.1 11.6 Tax impact of adjustments (3.6) (299.1) (16.2) (22.5) (19.7) ADJUSTED NET INCOME (B) $126.6 $126.4 $154.4 $98.6 $109.1 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 WEIGHTED AVERAGE SHARE COUNT - NET INCOME PER DILUTED SHARE (GAAP) 67.3 91.0 92.8 92.2 89.3 Weighted average anti-dilutive LLC Interests (Class B shares) 23.8 — — — — Series A Mandatory Convertible Preferred Stock - Shares outstanding at period-end — — — — 10.0 SHARE COUNT - ADJUSTED NET INCOME PER SHARE (NON-GAAP) (B) 91.1 91.0 92.8 92.2 99.3 RECONCILIATION OF NET INCOME PER DILUTED SHARE TO NON-GAAP NET INCOME PER SHARE Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 NET INCOME PER DILUTED SHARE $0.58 $0.74 $1.44 $0.20 $0.32 Impact of preferred dividend — — — — 0.09 Impact of adjustments 0.81 0.65 0.22 0.87 0.69 ADJUSTED NET INCOME PER SHARE (NON-GAAP) (B) $1.39 $1.39 $1.66 $1.07 $1.10 2 4 24 (B) In calculating non-GAAP Adjusted Net Income per share, Shift4 uses net income before the deduction of dividends on mandatory convertible preferred stock, divided by the weighted-average number of diluted common shares outstanding plus an estimate of the potential shares issuable upon conversion of the mandatory convertible preferred stock. This approach provides a view of earnings per share assuming conversion of the preferred stock which will happen on, or before, May 1, 2028.

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Three Months Ended June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 NET CASH PROVIDED BY OPERATING ACTIVITIES $111.8 $142.5 $131.0 $96.6 $141.9 Capital expenditures (A) (41.0) (48.4) (44.1) (50.0) (42.8) FREE CASH FLOW 70.8 94.1 86.9 46.6 99.1 ADJUSTMENTS: Payments on contingent liabilities in excess of initial fair value — — 11.1 — 0.8 Acquisition, restructuring and integration costs 6.6 16.0 22.6 19.1 17.1 Nonrecurring strategic capital expenditures, and other (B) (1.4) 0.5 13.8 4.8 0.6 ADJUSTED FREE CASH FLOW $76.0 $110.6 $134.4 $70.5 $117.6 Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow and Adjusted Free Cash Flow UNAUDITED In millions, except share and per share data Second Quarter of 2025 (A) Capital expenditures include acquired equipment to be leased, capitalized software development costs and acquired property, plant and equipment. (B) For the three months ended June 30, 2025, adjustments consisted of upgrades of Shift4's internal IT systems and other nonrecurring items. 2 5 25

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(A) In Q4 2021, Shift4 implemented a one-time discretionary equity award program for non-management employees. Shift4's Founder and Executive Chairman, Jared Isaacman, will fund half of this program through a contribution of the Founder's Class C shares. Second Quarter of 2025 Reconciliation of Common Shares UNAUDITED Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 BEGINNING BALANCE Class A Common Shares 60,815,224 61,967,248 66,942,326 67,737,305 67,470,986 Class B Common Shares 23,831,883 23,750,968 19,801,028 19,801,028 19,801,028 Class C Common Shares 1,694,915 1,665,854 1,635,770 1,519,826 1,347,373 TOTAL COMMON SHARES OUTSTANDING - BEGINNING 86,342,022 87,384,070 88,379,124 89,058,159 88,619,387 ACTIVITY Shares Issued / Restricted Stock Units ("RSUs") Vested 1,272,448 1,293,542 1,854,904 259,815 45,494 Class B Shares Converted 80,915 3,949,940 — — — Class C Shares Converted 29,061 30,084 16,675 160,043 8,466 TOTAL CLASS A COMMON SHARES ISSUED 1,382,424 5,273,566 1,871,579 419,858 53,960 CLASS A COMMON SHARES REPURCHASED AND RETIRED DURING THE QUARTER (230,400) (298,488) (1,076,600) (686,177) (1,148,718) CLASS C COMMON SHARES CONTRIBUTED FROM THE FOUNDER (A) — — (99,269) (12,410) — ENDING BALANCE Class A Common Shares 61,967,248 66,942,326 67,737,305 67,470,986 66,376,228 Class B Common Shares 23,750,968 19,801,028 19,801,028 19,801,028 19,801,028 Class C Common Shares 1,665,854 1,635,770 1,519,826 1,347,373 1,338,907 TOTAL COMMON SHARES OUTSTANDING - ENDING 87,384,070 88,379,124 89,058,159 88,619,387 87,516,163 Committed but Unissued Shares - Finaro Acquisition 2,448,896 1,244,443 — — — Unvested RSUs - Acquisition-related awards 508,037 471,253 256,973 247,709 242,257 Unvested RSUs - Ongoing compensation 1,212,531 1,130,797 974,376 1,112,755 1,148,606 Unvested RSUs - One-time discretionary awards (A) 1,184,438 1,148,856 937,994 849,129 827,130 Contribution from Founder (A) (592,219) (574,428) (468,997) (424,565) (418,466) FULLY DILUTED COMMON SHARES OUTSTANDING 92,145,753 91,800,045 90,758,505 90,404,415 89,315,690 EQUITY-BASED COMPENSATION EXPENSE INCURRED ON: Twelve Months Ended 6/30/24 Twelve Months Ended 9/30/24 Twelve Months Ended 12/31/24 Twelve Months Ended 3/31/25 Twelve Months Ended 6/30/25 Acquisition-related awards $7.1 $8.6 $10.9 $9.9 $8.5 Ongoing compensation 43.1 44.5 45.9 52.3 53.7 One-time discretionary awards 11.7 10.6 11.1 9.7 10.5 TOTAL EQUITY-BASED COMPENSATION EXPENSE $61.9 $63.7 $67.9 $71.9 $72.7 2 6 26

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