Dutch payments giant Adyen has lowered its annual revenue forecast, citing the impact of U.S. tariffs that are slowing growth for many of its customers.. tariffs as a major factor slowing down the growth of its customers and it’s showing in the markets. Shares tumbled 9.2% by early afternoon in Amsterdam, after dropping more than 20% earlier in the day.
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Adyen, well-known for its global presence and wide range of clients, had been anticipating a small boost in revenue growth this year. But now, leaders admit that’s probably not going to happen. Still, they’re optimistic about the future and are sticking to their long-term goal keeping annual revenue growth around 20% through 2026.
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Finance chief Ethan Tandowsky explained that the biggest challenge right now is “market volume growth” essentially, how quickly Adyen’s existing customers are growing. That growth has been dented by the removal of the “de minimis” duty exemption in the U.S., a move by President Donald Trump earlier this year that slapped tariffs on low-value shipments. The policy shift has dealt a blow to ecommerce platforms like eBay, one of Adyen’s largest and most valued clients.
Adyen’s half-year results also fell just short of expectations. Net revenue climbed 20% year-over-year to €1.09 billion ($1.27 billion), slightly below analysts’ €1.11 billion forecast. EBITDA landed at €543.7 million versus expectations of around €550.8 million.
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While Adyen expects its profit margins to keep growing in 2025, it warns the pace will be slower than in 2024.
Analysts at KBC Securities described the results as “underwhelming,” suggesting the performance may keep pressure on the company’s shares in the near term.
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Source: reuters