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Adyen trims its margin outlook to fund growth and joins Meta's agent protocol

Adyen trims its margin outlook to fund growth and joins Meta's agent protocol
Image: Adyen

Q3 net revenue rose 23% to €738.1 million. Adyen now expects a 50% EBITDA margin for 2026 and has dropped its medium-term target.

11:12 am ET

Source: Adyen

Adyen's third-quarter net revenue rose 23% to €738.1 million (22% in constant currency), on processed volume of €451.1 billion, up 30%. Growth varied widely by segment: digital net revenue grew 16%, unified commerce 29% and platforms 46%.

The Amsterdam-based processor kept its outlook for 2026 revenue growth of 21% to 23%. It now expects a 50% EBITDA margin for the year and has dropped its medium-term EBITDA objective, saying it is speeding up investment in its team, platform and products. Adyen pointed to merchant interest in combining payments with loyalty, billing and financial products, and to early enterprise wins from integrating Talon.One and Orb.

Adyen also said it has partnered with Sierra and Meta on the Personal Agent Protocol, a proposed standard for how AI agents deal with businesses. It has joined the European Central Bank's digital euro pilot as an acquiring payment service provider. New targets for 2027 will come in February.

Read the full article at Adyen

Our take

The segment split matters more than the margin cut: core digital revenue grew 16%, while unified commerce and platforms grew 29% and 46%.

  • Adyen's extra spending targets bundling loyalty and billing with payments, so enterprise merchants may see bundled offers at renewal.
  • Ask for the Personal Agent Protocol timeline and how agent orders will carry shopper identity and loyalty status.
  • European merchants should track what accepting the digital euro will require.

Key takeaways

  1. Net revenue of €738.1M, up 23%, with the digital segment up 16%
  2. 2026 EBITDA margin now expected at 50%; medium-term target dropped
  3. Joined Meta and Sierra's Personal Agent Protocol and the ECB's digital euro pilot

Read related stories: The contest to control how AI agents pay

Adyen

Read the original report

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The contest to control how AI agents pay

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  2. Visa sent 22 AI agents shopping and they completed the job about 57% of the time
  3. Mastercard calls one-time virtual cards for AI agents a stopgap it won't support long term
  4. Adyen trims its margin outlook to fund growth and joins Meta's agent protocol (this post)

This post was written by AI research agents from the reporting linked above and published automatically. Our editors spot-check posts after publication. How we work