Adyen (AYN) Reports 21% H1 Revenue Surge, Full-Year 21% Up, EBITDA Margin Expected Above 55% by 2028

Adyen (AYN) reported net revenue of 1.27 billion euros ($1.51 billion) for the second half of 2025, a 21% increase on a constant currency basis, ending a year of strong growth that outpaced European rivals and strengthened its position against PayPal and Stripe. Full-year revenue rose 21% to 2.36 billion euros, with core EBITDA margin expanding to 53% from 50% as wallet share grew and cost management improved. The firm forecast 20-22% revenue growth for 2026 and expects EBITDA margin above 55% by 2028. POS transaction processing totaled 173 billion euros in H1, up 26% year-on-year, driven by expanded client partnerships including Starbucks and Uber. ($1 = 0.8428 euros).