merchants as a result of this capability and are targeting 15 countries for launch in 2026. Our go-to-market motion across these countries will allow us not just to win retail merchants, but also deliver our restaurant, hotel, and stadium products and replic

Aug 4, 2026 / receipt

And we saw nice strength coming from the inter-Asia area, so travel into Japan for tax-free shopping.

Aug 6, 2026 / receipt, needs a key / Nate Stinson, other | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 33096-33197 | segment 33

Yeah, so I think the, trying to think about it on the fly, I would say that if you were to look at TFS in this quarter, it delivered within the upper end of sort of the mid-single digits. in terms of its quarterly growth contribution. And so if you were to blend that in on a weighted basis, TFS is about one fifth of the revenues. So you can kind of do that math. The important thing that I think you have to take away from it, though, is that that TFS segment today is burdened by the Middle East travel conflict.

Aug 6, 2026 / receipt, needs a key / Chris, other | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 53688-54203 | segment 54

For the third quarter of 2026, we are introducing guidance as follows. GRLNF of approximately $650 million, which embeds an approximate $25 million impact for travel disruption due to the continued Middle East conflict. Adjusted EBITDA of $310 million and $180 million of adjusted free cash flow.

Aug 6, 2026 / receipt, needs a key / Christopher Cruz, Chief Financial Officer | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 18096-18392 | segment 18

Believe it or not, this was not even our busiest quarter for sports and entertainment despite the well-attended matches across so many of our customer locations. While there were clear signs of increased spending across restaurants, hotels, and other locations in host cities, our stadium customers are quite accustomed to hosting large crowds, whether it be NFL, MLB, concerts, or even events like Formula One. We are with them for all these events, and I think the World Cup was another healthy demonstration of that. I'm proud of our results this quarter. They demonstrated resiliency despite ongoing travel disruptions and validated our deliberate diversification across the experience economy.

Aug 6, 2026 / receipt, needs a key / Taylor Lauber, CEO | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 2727-3425 | segment 2

And just as we think about the $25 million headwind that you're baking in for 3Q, so I get that there's seasonality that's a higher travel quarter relative to 2Q, but given the results you saw in 2Q and some flight data that does look like it's improving, just wanted to hear the assumptions underlying that $25 million.

Aug 6, 2026 / receipt, needs a key / Nate Stinson, other | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 31499-31819 | segment 32

Going to an event, traveling to it, even watching an event with friends nearby the venue, that's something we're absolutely a beneficiary of.

Aug 6, 2026 / receipt, needs a key / Chris, other | earnings call 2026-08-06 | transcript ece19277-ea22-4def-945c-a63f3b84efa3 | chars 47288-47429 | segment 47

Just want to make sure I understand sort of the trend line that you saw earlier. in the quarter and then going into April, and maybe even early May, and sort of what's baked in? Because I know you have that headwind in the second quarter, but like, where would be the risks from here on out in terms of travel?

May 7, 2026 / receipt, needs a key / Sanjay Sakrani, other | earnings call 2026-05-07 | transcript b78a6d8d-122c-4aff-87af-c857315d2eb9 | chars 17753-18063 | segment 17

To reiterate the point, what we're isolating within travel disruption as a result of Middle East conflict is trying to isolate down into the corridors within the tax-free shopping category of the business. And when we looked at those corridors, obviously March would have been directly impacted, passenger seat capacity effectively, you know, minimized to almost nil.

May 7, 2026 / receipt, needs a key / Chris, CFO | earnings call 2026-05-07 | transcript b78a6d8d-122c-4aff-87af-c857315d2eb9 | chars 18077-18444 | segment 18

And in general, when we've looked at these travel disruptions in the past, regardless of what the origin is, the tax-free shopping business has generally been able to rebound within a four- to eight-week period, and that's also something that's reflected into our Q2.

May 7, 2026 / receipt, needs a key / Chris, CFO | earnings call 2026-05-07 | transcript b78a6d8d-122c-4aff-87af-c857315d2eb9 | chars 19385-19652 | segment 19

A lot of the All of the commentary Chris made is very specific to Global Blue tax-free shopping, and there's a reason for that. That is not a consumer cohort that is very sensitive to economic activity. They tend to travel and spend a lot almost regardless of the economic conditions. Where you have disruptions in that business, you have disruptions because these people cannot travel. or are reluctant to travel for one reason or another.

May 7, 2026 / receipt, needs a key / Taylor, CEO | earnings call 2026-05-07 | transcript b78a6d8d-122c-4aff-87af-c857315d2eb9 | chars 20260-20700 | segment 20

Could you give us an update on how travel trends are impacting Global Blue? So the last monthly update we got from Global Blue showed a significance slowdown in sales and store growth. Has that recovered this summer, and what are you seeing so far in the third quarter?

Aug 5, 2025 / receipt, needs a key / Raina Kumar, other | earnings call 2025-08-05 | transcript e7844a4f-c2b1-417a-98d9-47feef20c7c6 | chars 54650-54919 | segment 55

So it has certainly moderated, and by that I mean that that slowdown is not, you know, pulling itself through all the summer months. But what I think is important is there are currency pairs that matter a lot when you're thinking about that business. The two largest are, you know, the U.S. dollar versus the euro, and then secondarily the You know, Chinese currency versus, you know, neighboring countries, whether that's the yen or the euro as well. All this to say, and I'm sorry to pull people back into like into the snooze fest 301 level courses in college, but lower lower value of a shopper's home currency when they're traveling means that they spend less when they travel.

Aug 5, 2025 / receipt, needs a key / Taylor, CEO | earnings call 2025-08-05 | transcript e7844a4f-c2b1-417a-98d9-47feef20c7c6 | chars 54932-55614 | segment 56

Customer Service, Associate | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Center-Valley-PA-Office/Customer-Service-Representative_JR0000628", "remote": false, "category": "other",

company_statement / Sep 15, 2026 / receipt

POS Support, Associate | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Center-Valley-PA-Office/POS-Support-Representative_JR0000627", "remote": false, "category": "other", "function"

company_statement / Sep 15, 2026 / receipt

Customer Service, Associate | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Las-Vegas-NV-Office/Customer-Service-Representative_JR0000629", "remote": false, "category": "other", "fun

company_statement / Sep 15, 2026 / receipt

Customer Service, Associate | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Morrisville-NC-Office/Customer-Service-Representative_JR0000630", "remote": false, "category": "other", "f

company_statement / Sep 15, 2026 / receipt

Accelerating Global Expansion

ir_statement / Sep 14, 2026 / receipt

Launching Shift4 Dine pilots in Australia with general release planned for July

ir_statement / Sep 14, 2026 / receipt

Shift4 One all-in-one solution now live in 7 countries across Europe

ir_statement / Sep 14, 2026 / receipt

Working with all AI frontier model companies to drive efficiency

ir_statement / Sep 14, 2026 / receipt

In February 2026, in connection with the Simplification Transaction, Shift4 negotiated the termination of the Founder's remaining commitment to contribute 50% of this program.

ir_statement / Sep 14, 2026 / receipt

Our goal of being live in 15 countries by year end is well within reach.

ir_statement / Sep 14, 2026 / receipt

We have launched our combined payments + currency conversion + tax free shopping product, named Shift4 One, in multiple countries during the quarter.

ir_statement / Sep 14, 2026 / receipt

We now find ourselves operating in over 75 countries that we were not in just a few years ago.

ir_statement / Sep 14, 2026 / receipt