Adyen publishes Q1 2026 Business Update

Amsterdam, May 6, 2026 – Adyen N.V. (AMS:ADYEN) today provided a business update for the quarter ending March 31, 2026.

“We delivered solid growth in the first quarter, reflecting continued broad-based performance across our global customer base. In addition we agreed to acquire Talon.One, a natural extension of our platform, enabling merchants to act on real-time data across online and in-store channels. We remain focused on disciplined execution and long-term value creation,” said Ethan Tandowsky, CFO.

Q1 2026 key metrics

• Net revenue was €620.8 million, up 16% year-over-year (“YoY”), or 20% on a constant currency basis.

• Processed volume was €382.0 billion, up 21% YoY.

• Digital net revenue reached €349.6 million, up 9% YoY, or 13% on a constant currency basis.

• Unified Commerce net revenue reached €196.2 million, up 24% YoY, or 28% on a constant currency basis.

• Platforms net revenue reached €75.0 million, up 35% YoY, or 40% on a constant currency basis.

Business highlights

• Subsequent to Q1, entered into a definitive agreement to acquire Talon.One, enabling merchants to apply real-time pricing, promotions, and incentives directly in the transaction flow.

• Launched Intelligent Money Movement, unifying money-in, money management, and money-out in a single operating environment.

• Joined the x402 Foundation to help establish open standards for payments over HTTP, laying the groundwork for interoperable transaction flows in agentic commerce.

• Recognized as a Leader in The Forrester Wave™: Merchant Payment Providers, receiving the highest possible scores across 14 categories, including Innovation, Roadmap, and Data, Analytics, and Insights.

Financial objectives

• Net revenue growth: We expect 2026 net revenue growth of 20 to 22% YoY on a constant currency basis.

• EBITDA margin: We expect to increase EBITDA margin levels to above 55% by 2028; we expect 2026 EBITDA margin to remain broadly in line with 2025.

• Capital expenditure: We expect to maintain a sustainable capital expenditure level of up to 5% of our net revenue.

This press release highlights key information and results from Adyen’s Q1 2026 Business Update. Our full Q1 2026 Business Update can be found here. Today, at 3pm CEST, Adyen will host a Business Update call with our CFO, Ethan Tandowsky. You can access the livestream here. An audio recording will be made available shortly after on the same webpage.

Important Legal Information

This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

Any person who comes into possession of this document must inform themselves about and comply with any legal restrictions governing possession, distribution, or use of the document.

Auditor's involvement

The information in this press release and the Q1 Business Update is unaudited.

Accounting principles

For further details on the non-IFRS measures included in this press release, refer to note 2.2 ‘Non-IFRS financial measures’ to Adyen’s Consolidated Financial Statements.

Forward-looking statements

Forward-looking statements are not facts and only represent the current views and assumptions of Adyen N.V. ("Adyen") regarding future events, many of which are by nature inherently uncertain and beyond Adyen’s control. Factors that could cause actual results to deviate materially from those anticipated by forward-looking statements include, but are not limited to, macroeconomic, demographic and political conditions and risks, actions taken and policies applied by governments, financial regulators and private organizations (including payment schemes and credit rating agencies), market conditions and turbulence in financial and other markets, and the success of Adyen in managing the related risks. Subject to statutory obligations, Adyen does not intend to publicly update or revise forward-looking statements to reflect events or circumstances after the date the statements were made, and assumes no obligation to do so.

Unsponsored DR program

Adyen does not consent to, authorize, endorse, support, encourage, or participate in, directly or indirectly, unsponsored depository receipt ("DR") programs regarding Adyen securities. Adyen specifically disclaims any liability whatsoever arising out of or in connection with any unsponsored DR program.