Paysafe reports Q2 revenue growth, reaffirms full-year guidance

Paysafe (NYSE: PSFE ) held its second-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

View the webcast at Summary Paysafe Ltd reported a 7% increase in first half revenue for 2026, with Q2 revenue at $447.4 million, up 4% year-over-year.

The company resolved significant legacy legal issues, including the Farzad litigation, and successfully refinanced a portion of its debt, focusing on reducing its net leverage ratio.

Paysafe's Product Vitality Index is projected to reach 20% in 2026, reflecting strong growth initiatives, particularly in Latin America and Europe.

The company saw strong growth in its active user base, with significant contributions from Latin America, and positive results from marketing investments in Europe, including World Cup campaigns.

Adjusted EBITDA was down 2% to $102.8 million, with a margin decline to 23%, largely due to increased marketing and IT investments.

Paysafe reaffirmed full-year guidance for revenue and adjusted EBITDA while updating EPS guidance to account for refinancing impacts.

The Merchant segment reported a 5% increase in volume, driven by iGaming volumes in North America and data licensing deals.

Management emphasized a focus on sustainable growth, disciplined execution, and deleveraging as key strategies moving forward.

Full Transcript OPERATOR The question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star 0 on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to Kirsten Nielsen, Head of Investor Relations.

Thank you, Kirsten.

You may begin.

Kirsten Nielsen, Head of Investor Relations Thank you, and welcome to Paysafe's earnings conference call for the second quarter of 2026.

Joining me today are Bruce Lowthers, Chief Executive Officer, and John Crawford, Chief Financial Officer.

Before we begin, a reminder that this call will contain forward-looking statements and should be considered in conjunction with cautionary statements contained in our earnings release and the company's most recent SEC reports.

These statements reflect management's current assumptions and expectations and are subject to factors that may cause actual results to differ materially from those forward-looking statements.

You should not place undue reliance on these statements.

Forward-looking statements during this call speak only as of the date of this call, and we undertake no obligation to update them.

Today's presentation also contains non-GAAP financial measures.

You can find additional information about these measures and reconciliations to the most directly comparable GAAP financial measures in today's press release and in the appendix of this presentation, which are available in the Investor Relations section of our website.

With that, I'll turn the call over to Bruce.

Bruce Lowthers, Chief Executive Officer Thank you and good morning everyone.

If you're following the webcast, let's start on slide three.

The second quarter and first half of 2026 mark an important inflection point for Paysafe.

We delivered strong first half revenue growth of 7% while adjusted EBITDA was essentially flat year over year, even as we deliberately increased marketing and IT investment to support the next phase of growth.

Just as important, we have now resolved the major inherited matters that have weighed on the company for some time this summer.

We resolved the final legacy overhang from the SPAC through a settlement in principle with the Farzad litigation, which involved legal claims brought by pre-SPAC shareholders.

John will take you through the financial implications, but this resolution addresses a significant restructuring expense tied to our indemnification obligations related to this case.

We also successfully refinanced a significant portion of our debt.

We believe the trajectory of our net leverage ratio is the most important near-term driver of equity value and we remain focused on reducing leverage as a meaningful value creation opportunity over the next 24 months.