Amsterdam · February 13, 2025
Adyen publishes H2 2024 financial results
Adyen delivers a robust half, closing out a strong year of growth driven by continued expansion with existing customers
AMSTERDAM, February 13, 2025 — Adyen (AMS: ADYEN) today announced financial results for the half year ending December 31, 2024.
“We are proud to have delivered a strong year of growth further cementing our position as the trusted partner of choice for global businesses. Once again, expanding our relationships with existing customers was a key driver of our growth, reinforcing the vast opportunity that remains,” said Ethan Tandowsky, CFO.
“Strengthening these partnerships contributed to net revenue growth reaching 22% for H2 and 23% for the full year, a true testament to the significant value we continue to provide.
As we continue to build Adyen for the long-term, we are pleased with our performance in 2024, and remain confident about delivering on our financial objectives in the years ahead.”
H2 2024 key metrics
Net revenue* was €1,082.7 million, up 22% year-on-year.
Processed volume was €666.4 billion, up 22% year-on-year, 28% excluding a single large volume customer.
Of these volumes, total point-of-sale volumes were €137.1 billion, up 48% year-on-year.
EBITDA* was €569.2 million, up 35% year-on-year, with EBITDA margin* landing at 53%.
Free cash flow conversion ratio* was 88%, with CapEx* at 5% of net revenue.
Full-year 2024 key metrics
Net revenue* was €1,996.1 million, up 23% year-on-year.
Processed volume was €1,285.9 billion, up 33% year-on-year, 27% excluding a single large volume customer.
Of these volumes, point-of-sale volumes were €232.7 billion, up 46% for the full year.
EBITDA* was €992.3 million, up 34% year-on-year, with EBITDA margin* landing at 50% for the full year, compared to 46% in 2023.
Free cash flow conversion ratio* was 87%, with CapEx* at 5% of net revenue for the full year, compared to 4% in 2023.
This press release highlights key information and results from Adyen’s H2 2024 earnings. You can find the full H2 2024 financial results and accompanying shareholder letter including our financial objectives here. Today, at 3 PM CET, we will host our H2 2024 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 thereafter on the same webpage.
* Refer to note 1.2 of the H2 2024 Interim Condensed Consolidated Financial Statements for further explanation on the non-IFRS measures reported by Adyen.
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
This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
The information in this press release and the H2 2024 Shareholder Letter is unaudited.
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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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