Adyen processed €804 billion in six months and raised its growth forecast again

Adyen, the Amsterdam-based payments company that serves large enterprise merchants including major global retailers and platforms, reported first-half 2026 net revenue of €1.3 billion, up 19% year over year, or 21% on a constant-currency basis that strips out exchange-rate effects. Processed volume — the total value of transactions flowing through Adyen’s platform — reached €803.8 billion for the six-month period, a 24% increase from the prior year.

Following the results, Adyen raised its full-year 2026 net revenue growth forecast to a range of 21% to 23%, an upward revision that signals management’s confidence the first half’s momentum will carry through the rest of the year rather than fade. Raising guidance mid-year, rather than simply reaffirming a prior range, is typically a stronger signal than the headline growth number alone, since it reflects visibility into forward bookings and processed-volume trends beyond what already happened.

The company has also been expanding beyond core payment processing through acquisitions: it recently acquired Talon.One, a promotion and loyalty-engine platform, and Orb, a usage-based billing company, additions that push Adyen further into merchant tools adjacent to payments rather than pure transaction processing. Adyen also has stated plans for continued expansion in the Indian market, a large and fast-growing digital-payments geography where global processors are competing against strong domestic players.

Adyen’s model — a single platform serving payments across in-store, online and in-app channels for large merchants — has made it a direct competitor to Stripe in the enterprise segment, and processed volume growing faster than revenue (24% versus 19%) suggests some mix shift toward lower-take-rate, higher-volume merchants or payment types, a dynamic common across the payments industry as processors win larger, more price-sensitive enterprise accounts. The raised guidance nonetheless indicates Adyen expects margin and revenue growth to remain healthy even as its merchant base scales.