Adyen Abandons Midterm Profitability Target to Accelerate Investments

Adyen dropped its midterm target of achieving an EBITDA margin above 55% by 2028 to preserve flexibility and accelerate investment in its team, platform and products. Third-quarter 2026 net revenue rose 23% to €738.1 million, or 22% at constant currency, and the company maintained its full-year revenue growth guidance of 21% to 23%. Adyen lowered its 2026 EBITDA margin expectation to about 50% from around 52%, citing increased investment in recently acquired Talon.One and Orb. Revenue exceeded analyst expectations, but the market reacted negatively to the removal of the long-term margin target.