Scott Dworshak

Thank you, everyone. I'm Scott Dworshak. I co-head our Fintech investment banking practice at JPMorgan, and we're pleased to introduce Chris Cruz, who is the CFO of Shift4. Chris joined the executive team in August 2025 after serving on the Board of Directors for almost a decade and was most recently the Lead Independent Director. Chris, thank you for joining us today. We're very excited to have you.

Christopher Cruz
Chief Financial Officer

Thanks, Scott. Thanks for having us.

Scott Dworshak

Shift4 today feels meaningfully different than it was when you guys went public in 2020. How do you think investors should frame what Shift4 ultimately becomes over the next 3 to 5 years?

Christopher Cruz
Chief Financial Officer

Yes, gosh, it's a trip down memory lane type of a question to think about the world back in 2020, and my how things have changed. But as a context point and a reminder, so at the time of the IPO, you can think about the contrast of scale and diversification as probably the easiest way to summarize it. You think back to 2020, we were a restaurant's software integrated payments company with lodging on the comp. And that was where we were at and the idea of how this proposition of converging payments in software for the restaurant vertical could translate into the world of hospitality and lodging was a bit of a question mark.

You sort of fast forward to where we are today, and not only are we still a leader in Dine, AKA restaurants and stay, which is our hotels