Adyen reports €738.1M Q3 net revenue, up 23%, and sets a 50% EBITDA margin for 2026

Adyen's Q3 net revenue reached €738.1 million, up 23% year on year or 22% at constant currency, in line with guidance. Processed volume was €451.1 billion, up 30%, and transacting terminals reached 878,000, up 25%.

Platforms net revenue rose 46% to €100.2 million, and 46 platform customers now process more than €1 billion a year, up from 31 a year ago. The quarter includes the first consolidation of Talon.One and Orb.

Adyen now expects a 50% EBITDA margin for 2026, as it accelerates hiring and investment, and is discontinuing its medium-term EBITDA objective to keep flexibility. Full-year net revenue growth guidance stays at 21% to 23% at constant currency, with 1,000 to 1,100 FTEs added in total including the acquired teams.