Net revenue grew 19% year-over-year (21% constant currency) to €1.3 billion in H1 2026, driven by platform expansion, deepening merchant relationships, and new client wins.
Completed strategic acquisitions of Talon.One (loyalty/promotions) and Orb (usage-based billing), expanding platform capabilities and expected to add 1–2 percentage points to 2026 net revenue growth.
Launched Intelligent Money Movement and Adyen Agentic, addressing merchant needs in AI-driven commerce and global treasury automation.
Platform now addresses the full commerce lifecycle, deepening customer relationships before, during, and after transactions.
Continued to win new large merchants (e.g., OpenAI) and deepen share of wallet with existing clients (e.g., Toast).
Processed volume reached €803.8 billion in H1 2026, up 24% year-over-year; in-person volume grew 28% to €175.7 billion.
Net revenue was €1.3 billion, up 19% year-over-year (21% constant currency).
EBITDA was €642 million, up 18% year-over-year, with a margin of 49% (50% excluding one-time transaction costs).
Net income increased 13% year-over-year to €544.1 million.
CapEx was €64 million (5% of net revenue), mainly for data centers.
Full-year 2026 net revenue growth expected at 21–23% constant currency, with acquisitions contributing 1–2 percentage points.
Underlying EBITDA margin for 2026 expected in line with 2025, with a 1 percentage point dilution from acquisitions.
CapEx guidance raised to 7% of net revenue for 2026 due to proactive investment in infrastructure, expected to normalize post-2026.
On track for 2028 objective of EBITDA margin above 55%.
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