Adyen falters on weak growth outlook
Source: marketwatch.com
TL;DR
- Adyen shares dropped after the payments firm gave a revenue growth outlook that fell short of investor hopes.
- Stock fell as much as 20%, with 20-22% revenue growth forecast at constant currencies and margins steady at 53%.
- Highlights scarcity of high-growth tech stocks in Europe amid tougher growth expectations.
The story at a glance
Shares of Adyen, a Dutch payments company called one of Europe's few high-growth tech stocks, slumped on Wednesday after it outlined revenue growth of 20% to 22% at constant currencies that disappointed investors. The firm expects operating margins broadly in line with the 53% from 2025. This comes after Starbucks picked Adyen last year for in-store payments in the U.K., Austria, and Switzerland.
Key points
- Adyen (NL:ADYEN) is described as one of Europe's rare high-growth tech stocks.
- Shares fell as much as 20% in response to the outlook.
- Forecast revenue growth: 20% to 22% at constant currencies.
- Operating margin outlook: "broadly in line" with 53% achieved in 2025.
- No other major financial details or analyst reactions mentioned.
Details and context
Adyen provides payment processing services and has been a standout in a European market short on fast-growing tech names. The disappointing outlook reflects investor demands for stronger acceleration, even after solid past performance like the 53% margin.
Starbucks' selection last year for payments in three countries shows Adyen's client wins, but did not offset the reaction to the forecast.
Why it matters
Adyen's drop underscores the pressure on Europe's limited high-growth stocks to keep delivering outsized results. Investors in European tech may face more volatility as growth expectations reset lower. Watch Adyen's full-year results and any margin updates for signs of recovery.[[1]](https://www.marketwatch.com/story/one-of-europes-few-growth-stocks-falters-on-disappointing-outlook-68d911f3)