Amsterdam · August 15, 2024
Adyen publishes H1 2024 financial results
Adyen (AMS: ADYEN) delivered a period of strong growth as the company made progress on the long-term vision outlined at its Investor Day.
H1 2024 figures
Net revenue* was €913.4 million, up 24% year-on-year.
Processed volume was €619.5 billion, up 45% year-on-year. Point-of-sale volumes were €95.6 billion, making up 15% of total processed volumes.
EBITDA* was €423.1 million in H1 2024, up 32% from €320.0 million in H1 2023,
EBITDA margin* was 46% in H1 2024, compared to 43% in H1 2023. EBITDA margin has started to expand, with operating leverage already visible, predominantly stemming from this period’s cooled hiring pace.
Free cash flow conversion ratio* was 85%, with CapEx* landing at 4.6% of net revenue, down from 7.6% of net revenue in H1 2023.
* Refer to note 1.2 of the H1 2024 Interim Condensed Consolidated Financial Statements for further explanation on the non-IFRS measures reported by Adyen.
Shareholder letter & interim financial results
This press release highlights key information and results from Adyen’s H1 2024 earnings. You can find the full H1 2024 Shareholder Letter and Interim Financial Results here.
The information in this press release and the shareholder letter & interim financial results is unaudited.
Earnings Webcast
Today, at 3 PM CEST, Adyen will host an Earnings call with our Co-CEO, Ingo Uytdehaage, and CFO, Ethan Tandowsky. You can access the livestream here. A recording will be made available shortly after on the same webpage.
About Adyen
Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.
Important Legal Information
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Forward-looking statements are not facts and only represent the current views and assumptions of Adyen N.V. (“Adyen”) regarding future events, many of which are by nature inherently uncertain and beyond Adyen’s control. Factors that could cause actual results to deviate materially from those anticipated by forward-looking statements include, but are not limited to, macroeconomic, demographic and political conditions and risks, actions taken and policies applied by governments, financial regulators and private organizations (including payment schemes and credit rating agencies), market conditions and turbulence in financial and other markets, and the success of Adyen in managing the related risks. Subject to statutory obligations, Adyen does not intend to publicly update or revise forward-looking statements to reflect events or circumstances after the date the statements were made, and assumes no obligation to do so.
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