A 72% Growth in Volume Closes Best Year to Date for Adyen; Increasing FVE to EUR 1,770

Wide-moat Adyen reported a strong set of results for the second half of 2021, even by its own standards. Total processed volumes of EUR 300.00 billion increased 72% year over year, allowing Adyen to breach the half a trillion euros mark in processing volume on an annual basis for the first time in 2021. Net revenue of EUR 556.5 million grew 47% compared with the same semester a year ago as the net take rate declined to 18.5 basis points from 21.7 basis points, partially offsetting the strong volume growth effect. EBITDA grew 51% with the EBITDA margin reaching 64%.