+26%

est. 2Y upside i

FinTech

End-to-end payment platform for global commerce

Rank

#2682

Sector

Fintech

Est. Liquidity

~2Y

Data Quality

Data: High

Adyen is a rare fintech combination — profitable, growing at 23% YoY, generating $2.4B in revenue with 68% gross margins and a genuine banking-license moat.

Last updated: May 5, 2026

Bull (20%)+85%

Revenue growth reaccelerates to 28%+ YoY driven by enterprise consolidation wins and embedded finance (Capital, accounts, card issuance) adoption, pushing 2027 revenue toward $3.8B+. Multiple expands to 18-20x P/S as growth re-rating takes hold, lifting market cap to ~$68-76B from today's $35.8B.

Base (45%)+35%

Adyen sustains 20-23% YoY growth and reaches ~$3.5B revenue by end-2027 as enterprise momentum offsets competitive pressure at the mid-market. The 14-15x P/S multiple holds on consistent profitability, pushing market cap to ~$48-52B.

Bear (35%)-18%

Growth decelerates to 12-15% YoY on Stripe's accelerating enterprise push and macro payment-volume softness, triggering analyst estimate misses — a pattern the stock has already demonstrated. Multiple compresses to 10-11x on ~$3.0B revenue, bringing market cap to ~$29-33B.

Est. time to liquidity~1.5 years

Preference Stack Risk

low

Funding Intensity

1%

Adyen is publicly listed; total historical funding of $266M against a $35.8B market cap represents a 0.74% funding-to-cap ratio — preference stack is effectively irrelevant as all shares trade at market parity.

Dilution Risk

low

As a mature public company, dilution comes almost entirely from SBC (RSU/option grants); share count growth at this stage is typically 1-2% annually and is partially offset by buyback programs.

Secondary Liquidity

active

Adyen trades on Euronext Amsterdam under ticker ADYEN; RSUs convert to freely tradable shares on vesting, providing immediate liquidity with no lock-up or liquidity-event dependency.

View all 283 open roles at Adyen →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Adyen's data — designed to show you've done your homework.

  • 1

    “Stripe is aggressively moving upmarket into enterprise — where does Adyen see its clearest and most defensible differentiation over the next 2-3 years, and which deal types does it consistently win?”

  • 2

    “With only 2.07% SAM penetration and North America as an underpenetrated market, what are the primary go-to-market bottlenecks limiting faster share capture, and what is the investment thesis for closing that gap?”

  • 3

    “How does Adyen structure RSU vesting schedules (cliff, refresh cadence, acceleration provisions on change of control), and how does leadership think about equity-to-cash mix as the stock has experienced multi-year volatility?”

Community

Valuation Sentiment

Our model estimates +26% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.