Payments technology company providing unified acquiring, online, in-store, and platform payment infrastructure for global merchants.MoreShow less
Profile & Fundamentals
Adyen (ADYEN.AMS) Profile & Fundamentals
Review Adyen reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Adyen: Company Profile & Ownership
Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. Its platform integrates payments stack, including gateway, risk management, processing, acquiring, and settlement services. The company offers a back-end infrastructure for authorizing. It accepts payment through online, in-person payments, cross channel, and Adyen for Platforms. The company also provides optimization services, including Adyen Uplift, protect, authenticate and tokenize. In addition, it offers financial products, such as accounts, capital, issuing, and payouts. It serves digital, mobility, SaaS platforms, retail, food and beverages, subscription, and travel and hospitality businesses. The company was incorporated in 2006 and is based in Amsterdam, the Netherlands.
Company profile record
Adyen NV
Common Stock · Industrials · Data Processing & Outsourced Services
Company
- Company / asset
- Adyen NV
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Data Processing & Outsourced Services
- HQ
- 🇳🇱 Netherlands
- Head office
- Simon Carmiggeltstraat 6-50, Amsterdam, Netherlands, 1011 DJ
Leadership & scale
- Chief executive
- Mr. Pieter Willem van der Does
- CEO year born
- 1969
- Full-time employees
- 5K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- EUR 27.6B
- P/E
- 13.0x
- Revenue (Q2 26)
- EUR 1.5B
- Profit (Q2 26)
- EUR 544.1M
- Dividend Yield
- --
- Revenue (FY 25)
- EUR 2.7B
- Shares in public float
- 28.2M
- Insider ownership
- 13.14%
Reporting & identifiers
- Symbol
- ADYEN.AMS
- Listing
- 🇳🇱 Netherlands | Dividend Tax: 15%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- NL0012969182
- Asset ID
- equity_241af43b-c97d-5f75-8fbf-8a8533374580
Adyen: Ownership
Shares Outstanding
Latest: 31.7M | Max: 31.7M | Min: 30.5M
Latest reported ownership snapshot
Float Shares
89.17%
28.2M latest reported shares
Insider Ownership
13.14%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 30,652,700 |
| 2018-01-01 | 30,604,100 |
| 2019-01-01 | 30,527,600 |
| 2020-01-01 | 30,667,600 |
| 2021-01-01 | 30,675,800 |
| 2022-01-01 | 30,986,300 |
| 2023-01-01 | 31,157,000 |
| 2024-01-01 | 31,264,000 |
| 2025-01-01 | 31,610,800 |
| 2026-01-01 | 31,672,400 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Adyen: Earnings, Profitability & Valuation
Latest Financials Filed On
Cash Flow: EUR→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: EUR→USD conversion reference as of . Historical periods use their own dated rates.
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Adyen's core business engine is compounding reliably, even though financial headlines often confuse investors. In the first half of 2026, net revenue grew 21% on a constant-currency basis to 1.30 billion euros, powered by processed transaction volume jumping 24% to 804 billion euros. This performance shows that large multinational merchants are sending significantly more transaction flow through the platform. The apparent gap between 24% volume growth and 13% net income growth reflects planned investments rather than commercial weakness. Rapid adoption by large software platforms naturally carries lower headline fee percentages but yields larger total profit dollars. Underlying free cash flow conversion remains healthy at 86% of operating earnings.
Adyen's core business engine is compounding reliably, even though financial headlines often confuse investors. In the first half of 2026, net revenue grew 21% on a constant-currency basis to 1.30 billion euros, powered by processed transaction volume jumping 24% to 804 billion euros. This performance shows that large multinational merchants are sending significantly more transaction flow through the platform. The apparent gap between 24% volume growth and 13% net income growth reflects planned investments rather than commercial weakness. Rapid adoption by large software platforms naturally carries lower headline fee percentages but yields larger total profit dollars. Underlying free cash flow conversion remains healthy at 86% of operating earnings.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 2.7B | Max: EUR 2.7B | Min: EUR 71.3M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 22x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Reported operating profit margins settled near 49% in the first half of 2026, or 50% when excluding one-time transaction fees. This modest dip from historical peaks above 60% reflects the upfront integration of newly acquired software assets alongside selective technical hiring, rather than structural price degradation. Core gross margins remain exceptionally wide near 78%, proving that authorization advantages keep pricing power intact. Because processing additional payment volume over a fixed software stack requires minimal incremental operating cost, operating leverage is positioned to resume, steering profit margins toward management's long-term objective of 55% by 2028.
Reported operating profit margins settled near 49% in the first half of 2026, or 50% when excluding one-time transaction fees. This modest dip from historical peaks above 60% reflects the upfront integration of newly acquired software assets alongside selective technical hiring, rather than structural price degradation. Core gross margins remain exceptionally wide near 78%, proving that authorization advantages keep pricing power intact. Because processing additional payment volume over a fixed software stack requires minimal incremental operating cost, operating leverage is positioned to resume, steering profit margins toward management's long-term objective of 55% by 2028.
Profitability Margins
Latest: 78.3% | Max: 78.3% | Min: 32.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
78.3%
Gross profit / revenue
Operating Margin
41.5%
Operating income / revenue
Net Margin
39.8%
Net income / revenue
FCF Margin
33.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 174,873,500 | 103,063,800 | 192,043,380 |
| 2017-12-31 | 259,750,820 | 84,855,330 | 225,688,260 |
| 2018-12-31 | 397,760,820 | 149,506,438.86 | 422,022,300 |
| 2019-12-31 | 598,415,998.88 | 262,398,080 | 575,981,280 |
| 2020-12-31 | 834,724,000 | 318,443,180 | 1,219,451,000 |
| 2021-12-31 | 1,141,729,380 | 535,477,380 | 2,016,385,260 |
| 2022-12-31 | 1,423,277,620 | 603,628,730 | 2,060,373,810 |
| 2023-12-31 | 1,788,667,100 | 768,154,200 | 1,980,326,700 |
| 2024-12-31 | 2,095,473,120 | 962,169,520 | 1,667,667,040 |
| 2025-12-31 | 3,127,061,340 | 1,243,155,420 | 1,058,417,100 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 21.9 | Trailing four quarters |
| 2022-12-31 | 70.8 | Annual net income |
| 2021-12-31 | 151 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 69.41 | 66.94 | 58.94 | 109.82 |
| 2017-12-31 | 70.34 | 69.73 | 32.67 | 86.89 |
| 2018-12-31 | 74.72 | 74.24 | 37.59 | 106.1 |
| 2019-12-31 | 76.99 | 76.48 | 43.85 | 96.25 |
| 2020-12-31 | 73.61 | 73.09 | 38.15 | 146.09 |
| 2021-12-31 | 75.86 | 75.38 | 46.9 | 176.61 |
| 2022-12-31 | 71.34 | 70.63 | 42.41 | 144.76 |
| 2023-12-31 | 61.86 | 61.21 | 42.95 | 110.72 |
| 2024-12-31 | 65.57 | 64.87 | 45.92 | 79.58 |
| 2025-12-31 | 78.33 | 41.53 | 39.75 | 33.85 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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