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Adyen Discloses 2016 Revenues of $727 Million, Growing 99% Year-Over-Year

AMSTERDAM, April 12, 2017 /PRNewswire/ -- Adyen, the technology company reinventing payments for the global economy, today announced 2016 revenue for the business surpassed $700 million, up from $365 million in 20151. The news follows Adyen's previous disclosure that it processed $90 billion in transactions in 2016, a year-over-year increase of 80 percent. With $727 million in revenue and 500 employees at the end of 2016, Adyen is bringing in over $1.4 million in revenue per employee.

"Many of the world's largest companies trust Adyen to handle their transactions, and the growth we've seen is a sign that global businesses are demanding a better payment platform," said Pieter van der Does, co-founder and CEO of Adyen. "By offering global reach and a seamless experience across channels within a single system, Adyen is expanding the possibilities of payments and transforming the way both retailers and shoppers navigate the payments landscape."

Adyen continues to add the fastest growing and most innovative companies to its impressive roster of customers, with recent additions including WeWork, Sephora, Symantec and Microsoft. Retailer Bonobos, also among the list of new Adyen merchants, is focused on giving people new ways to shop in a physical retail store, relying on Adyen to help them connect their online and in-store purchases under one single platform. Partnering with Adyen will give Bonobos customers a better shopping experience, including the ability to buy online and return or exchange in-store, shop in-store and have items shipped to them.

For more information about Adyen's omnichannel offerings, go to Adyen.com

About Adyen:
Adyen is the technology company reinventing payments for the global economy. The only provider of a modern end-to-end infrastructure connecting directly to Visa, MasterCard, and consumers' globally preferred payment methods, Adyen delivers frictionless payments across online, mobile, and in-store. With offices all around the world, Adyen serves more than 4,500 businesses, including 8 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Netflix, Spotify, L'Oreal and Burberry.

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1 2016 average EUR/USD exchange rate

CONTACT: Dave Pedersen, dave.pedersen@adyen.com

 

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