- Adyen’s net revenue for the first half of 2024 was EU913.4 million, a 24% increase year-over-year, meeting the estimate of EU908.9 million.
- EMEA net revenue reached EU521.6 million, up 25% year-over-year, and exceeded the estimate of EU492.6 million.
- North America net revenue was EU243.9 million, a 30% increase year-over-year, surpassing the estimate of EU241.4 million.
- Latin America net revenue totaled EU51.2 million, a 2.2% increase year-over-year but below the estimate of EU62.3 million.
- APAC net revenue totaled EU96.8 million, a 15% increase year-over-year, but slightly missed the estimate of EU99.9 million.
- Overall revenue stood at EU1.03 billion, a 21% increase year-over-year, above the estimate of EU984.8 million.
- Processing fees rose to EU263.7 million, a 26% increase year-over-year, meeting the estimate of EU259.4 million.
- Settlement fees were EU594.0 million, up 22% year-over-year, but under the estimate of EU621.4 million.
- Processed volumes amounted to EU619.5 billion, above the estimate of EU616.82 billion.
- The take rate was 14.7 basis points, close to the estimate of 14.8 basis points.
- EBITDA margin improved to 46% from 43% year-over-year, surpassing the estimate of 45.6%.
- EBITDA was EU423.1 million, a 32% increase year-over-year, exceeding the estimate of EU414.5 million.
- Operating income stood at EU373.9 million, up 34% year-over-year, higher than the estimate of EU368.1 million.
- Pretax profit reached EU541.6 million, a 45% increase year-over-year, above the estimate of EU524.6 million.
- Net income was EU409.6 million, a 45% rise year-over-year, surpassing the estimate of EU397.6 million.
- Costs incurred from financial institutions decreased by 7.5% year-over-year to EU68.8 million, well below the estimate of EU110.7 million.
- Cost of goods sold was EU49.4 million, a 23% increase year-over-year, slightly below the estimate of EU52 million.
- Free cash flow increased by 46% year-over-year to EU360.6 million, exceeding the estimate of EU355.5 million.
- The company’s standing financial objectives remain unchanged.
- Analyst recommendations include 27 buys, 9 holds, and 1 sell.
A look at Adyen BV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores system have identified Adyen BV as a company with a promising long-term outlook. With a Growth score of 4 and a Resilience score of 5, Adyen BV is positioned to experience strong expansion and withstand market challenges effectively. The company’s momentum score of 3 indicates a positive trend in its performance, further supporting its growth potential. Although Adyen BV received lower scores in Value (2) and Dividend (1), its robust Growth and Resilience ratings suggest a favorable trajectory for the company in the foreseeable future.
Adyen N.V., a leading provider of payment solutions, enables businesses worldwide to process payments across various platforms seamlessly. With a focus on online, mobile, and point-of-sale systems, Adyen BV facilitates transactions through a wide range of payment methods, including card schemes and mobile wallets. The company’s emphasis on innovation and resilience, as reflected in its Smartkarma Smart Scores, positions Adyen BV as a promising player in the payment solution industry, poised for continued growth and success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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