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Adyen N.V. (ADYEY) Q1 2026 Earnings Call Transcript
SA Transcripts · 2026-05-07 · via All Articles on Seeking Alpha

Adyen N.V. (ADYEY) Q1 2026 Earnings Call May 6, 2026 9:00 AM EDT

Company Participants

Maggie O'Donnell - Investor Relations
Ingo Uytdehaage - CO-CEO & Member of Management Board
Ethan Tandowsky - CFO & Member of the Management Board

Conference Call Participants

Josh Levin - Bernstein Autonomous LLP
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Justin Forsythe - UBS Investment Bank, Research Division
Jason Kupferberg - Wells Fargo Securities, LLC, Research Division
Frederic Boulan - BofA Securities, Research Division
Ramsey El-Assal - Cantor Fitzgerald & Co., Research Division
Harshita Rawat - Bernstein Institutional Services LLC, Research Division
Adam Frisch - Evercore ISI Institutional Equities, Research Division
Andrew Schmidt - KeyBanc Capital Markets Inc., Research Division
Sandeep Deshpande - JPMorgan Chase & Co, Research Division
Bryan Bergin - TD Cowen, Research Division
Hannes Leitner - Jefferies LLC, Research Division
Mohammed Moawalla - Goldman Sachs Group, Inc., Research Division

Presentation

Maggie O'Donnell
Investor Relations

Hello, everyone, and thank you for joining Adyen's Q1 2026 Business Update Call. My name is Maggie O'Donnell, and I will be hosting today's call.

We will begin today by playing the prepared remarks that were available on the IR site earlier today. We will first hear from Ingo; and because we have Ethan with us here today, we will hear from him live directly. We will then move on to the Q&A with Ethan.

[Operator Instructions] With that, let's get started.

Ingo Uytdehaage
CO-CEO & Member of Management Board

Hello. I'm Ingo Uytdehaage, Co-CEO of Adyen. The first quarter was a strong start to the year for Adyen with net revenue up 20% year-over-year on a constant currency basis. What we are seeing across our customer base reinforces a structural shift in where value is created in payments. Historically, most of the value in payments are at a point of authorization, improving acceptance rates, optimizing routing and managing costs. Today, more of that value is moving outside of