Company intelligence

Adyen

The Dutch payments platform that never took VC-style growth-at-all-costs money — public since 2018, processing well over €1 trillion a year.

Amsterdam, NetherlandsFounded 2006Founders: Arnout Schuijff, Pieter van der DoesWebsite ↗
Last verified Jun 2018

Key Metrics

Revenue
€2,364.2M (+18% YoY (+21% constant currency))

Company Snapshot

Adyen is based in Amsterdam, Netherlands, founded 2006 by Arnout Schuijff, Pieter van der Does.

Recent changes

  1. Jun 2018First reported revenue: €2,364.2M (+18% YoY (+21% constant currency)) Adyen — H2 2025 financial results
No Value Add Pulse story covers Adyen yet. This profile is built from filings, registries and sourced research — every figure above carries its date and source.

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The VC Read

Adyen is the proof case that payments infrastructure doesn't require Stripe- or Brex-style venture burn to win — it IPO'd in 2018, stayed lean, and still processes over €1.3 trillion a year for some of the biggest brands on earth. Its FY2025 numbers (EBITDA margin climbing to 53% even as revenue grew 18%) show real operating leverage, which is rare in payments at this scale. The risk is concentration: a handful of very large enterprise customers drive an outsized share of volume, so any one of them in-housing payments or switching providers moves the number more than at a broader-based competitor like Stripe.

How Adyen makes money

Adyen runs a single, unified payments platform (rather than a patchwork of acquired systems) that lets large merchants accept payments across online, in-store, and mobile channels from one integration. It makes money by taking a small percentage of processed volume plus per-transaction and scheme fees, and by selling its own POS terminal hardware for in-person payments.

Its customer base skews toward large global enterprises (Adyen counts Meta, Uber, Spotify, Cash App, and Microsoft among its merchants) rather than SMBs, which is why processed volume (€1.39 trillion in FY2025) is so large relative to headcount — Adyen has historically run with a notably small, engineering-heavy team relative to revenue.

Competitors

  • Stripe — The largest private rival — developer-first payments infrastructure with broader SMB reach.
  • PayPal / Braintree — Consumer-wallet distribution and a competing enterprise processing stack.
  • Checkout.com — Another large private global-enterprise payments processor.

Profile sources (verified 2026-08-26): Adyen — H2 2025 financial results · Adyen — Investor Annual Report 2025 · fxcintel — Adyen grows revenue in 2025 and targets enterprises · StockAnalysis.com — Adyen (AMS: ADYEN) market cap

More on AdyenStripe vs Adyen vs Braintree →Stripe profile →IPO Dashboard →

Adyen FAQ

How does Adyen make money?

Adyen takes a small percentage of the payment volume it processes for merchants, plus per-transaction and card-scheme fees, and sells its own point-of-sale hardware. It runs one unified platform across online, in-store, and mobile payments rather than separate acquired systems.

How much payment volume does Adyen process?

Adyen processed €1,394.3 billion (about $1.5 trillion) in total payment volume in full-year 2025, up 21% year over year excluding one very large customer, with net revenue of €2,364.2 million, up 18% YoY.

Who competes with Adyen?

Adyen's main rivals are Stripe (the largest private payments infrastructure company), PayPal/Braintree, and Checkout.com — all competing for large global enterprise merchants.

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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