Adyen Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,352	1,988	1,626	1,330	1,002
Other Revenue	24.74	27.1	-	-	-
Revenue	2,376	2,015	1,626	1,330	1,002
Revenue Growth (YoY)	17.94%	23.91%	22.25%	32.81%	46.38%
Cost of Revenue	758.23	693.71	620.1	381.24	241.72
Gross Profit	1,618	1,321	1,006	948.92	759.8
Selling, General & Admin	7.59	10.88	7.19	4.26	1.79
Other Operating Expenses	353.69	306.21	231.48	216.33	128.26
Operating Expenses	497.12	421.56	324.13	284.2	165.07
Operating Income	1,121	899.61	681.84	664.73	594.73
Interest Expense	-19.7	-26.74	-4.78	-11.96	-12.79
Interest & Investment Income	267.55	349.78	246.4	29.32	1.04
Currency Exchange Gain (Loss)	22.71	-5.82	6.6	-8.64	11.38
Other Non Operating Income (Expenses)	1.06	6.84	9.35	46.65	-13.05
EBT Excluding Unusual Items	1,393	1,224	939.4	720.09	581.31
Gain (Loss) on Sale of Investments	1.35	3.07	3.21	-0.15	-0.46
Pretax Income	1,394	1,227	942.61	719.94	580.85
Income Tax Expense	331.46	301.57	244.29	155.8	111.13
Net Income	1,063	925.16	698.32	564.14	469.72
Net Income to Common	1,063	925.16	698.32	564.14	469.72
Net Income Growth	14.85%	32.48%	23.79%	20.10%	79.95%
Shares Outstanding (Basic)	32	31	31	31	30
Shares Outstanding (Diluted)	32	31	31	31	31
Shares Change (YoY)	1.11%	0.34%	0.36%	1.21%	0.03%
EPS (Basic)	33.72	29.69	22.52	18.21	15.40
EPS (Diluted)	33.61	29.59	22.41	18.17	15.31
EPS Growth	13.59%	32.04%	23.34%	18.68%	79.91%
Free Cash Flow	906.76	1,607	1,804	1,926	1,769
Free Cash Flow Per Share	28.68	51.39	57.91	62.02	57.66
Gross Margin	68.09%	65.57%	61.87%	71.34%	75.87%
Operating Margin	47.17%	44.65%	41.93%	49.97%	59.38%
Profit Margin	44.71%	45.92%	42.95%	42.41%	46.90%
Free Cash Flow Margin	38.16%	79.73%	110.97%	144.76%	176.61%
EBITDA	1,197	954.72	727.79	693.08	610.05
EBITDA Margin	50.37%	47.38%	44.76%	52.11%	60.91%
D&A For EBITDA	75.98	55.1	45.96	28.35	15.32
EBIT	1,121	899.61	681.84	664.73	594.73
EBIT Margin	47.17%	44.65%	41.93%	49.97%	59.38%
Effective Tax Rate	23.78%	24.58%	25.92%	21.64%	19.13%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.