Adyen publishes Q3 2026 Business Update

Amsterdam, October 28, 2026 – Adyen N.V. (AMS:ADYEN) today provided a business update for the quarter ending September 30, 2026.

“Our strong execution and merchant relationships put us in a great position, and the very positive initial response from merchants to Talon.One and Orb has only added to our excitement. We see a significant opportunity ahead and are accelerating our investments across the business to capture it in full. We have high confidence in our strategic direction and in our ability to continue to outperform the market,” said Ingo Uytdehaage, co-CEO.

Q3 2026 key metrics

• Net revenue was €738.1 million, up 23% year-over-year (“YoY”), or 22% on a constant currency basis.

• Processed volume was €451.1 billion, up 30% YoY.

• Digital net revenue reached €387.4 million, up 16% YoY, or 14% on a constant currency basis.

• Unified Commerce net revenue reached €250.5 million, up 29% YoY, or 27% on a constant currency basis.

• Platforms net revenue reached €100.2 million, up 46% YoY, or 44% on a constant currency basis.

Business highlights

• Secured early enterprise wins with the successful ongoing integration of Talon.One and Orb.

• Scaled new and existing partnerships with enterprise customers, including GetYourGuide, LillyDirect, Tod’s, and Toast.

• Upgraded Authenticate with market-leading capabilities, driving double-digit conversion gains for global merchants.

• Partnered with Sierra and Meta on the Personal Agent Protocol to help shape the emerging standard for AI agents to interact with businesses.

• Joined the European Central Bank’s digital euro pilot as an acquiring payment service provider, promoting a sustainable and low-complexity final design for merchants.

• Announced the nomination of Niclas Neglen as CFO, effective February 1, 2027, subject to regulatory and shareholder approval.

Financial objectives

• Net revenue growth: We expect 2026 net revenue growth of 21% to 23% YoY on a constant currency basis.

• EBITDA margin: Strong merchant interest in Adyen's joint value proposition across payments, loyalty, billing, and financial products gives us the confidence to accelerate investments in our team, platform, and products to capture the large opportunity we see ahead. As a result, we now expect EBITDA margin of 50% in 2026. To retain flexibility, we are discontinuing our medium-term EBITDA objective. We remain confident in the inherent operating leverage of our business model over time.

• Capital expenditures: We expect CapEx to be 7% of net revenue this year. We expect CapEx to return towards historical levels post-2026.

Adyen will provide 2027 financial objectives in February at the H2 2026 results.

This press release highlights key information and results from Adyen’s Q3 2026 Business Update. Our full Q3 2026 Business Update can be found here. Today, at 3pm CET, Adyen will host a Business Update call with our co-CEO Ingo Uytdehaage and interim CFO Hwa Tsao. 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).

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Auditor's involvement The information in this press release and the Q3 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.

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