Adyen Shares Hit Two-Year Low After Revenue Miss, Flat Adjusted Earnings Forecast
By Anthony O. Goriainoff
Shares in Adyen fell after revenue for last year failed to meet consensus expectations and it forecast flat Ebitda margins growth for the new year.
Shares in early European trade were down 189.70 euros, or 16%, at 966.50 euros, and are down 30% in the year-to-date.
The Dutch payments company on Thursday said 2025 revenue rose 18% to 2.36 billion euros ($2.80 billion), compared with consensus estimates taken from FactSet of 2.38 billion euros. On a constant currency basis revenue was up 21%.
Earnings before interest, taxes, depreciation and amortization rose 26% to 1.245 billion euros for the year, with Ebitda margin at 53%, up from 50% in 2024.
The board said Ebitda margin levels for 2026 are expected to remain broadly in line with 2025, but are estimated to rise to above 55% by 2028. Net revenue growth for the year is expected to rise 20% to 22% on a constant currency basis.
"We see a significant opportunity ahead and remain focused on our ambition to grow into one of the largest fintech players in the world," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 12, 2026 05:07 ET (10:07 GMT)
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