Feb 12 (Reuters) - Dutch payments processor Adyen's revenue grew by more than a fifth in the second half of 2025, but weaker than expected transaction volumes and a cautious guidance, seen as signs of slowing momentum, sent its shares falling 15% on Thursday.
The company's processed volumes of 745 billion euros ($885 billion) rose 19% in the second half, but fell short of market expectations which stood at 771 billion euros, according to analysts from KBC Securities, though they said higher fees per transaction partially offset the shortfall.
The results and outlook "might not be enough to turn around the very negative sentiment on the payment sector we have seen recently", the analysts said in a note to investors.
Adyen, which processes card and digital wallet payments for companies like Uber and H&M, said its net revenue grew 21% on a constant currency basis to 1.27 billion euros in the July-December period.
It forecast revenue growth of 20-22% for 2026, and said it expected its core profit margin to be above 55% by 2028, compared with 53% last year.
The Amsterdam-based company continued to gain ground in unified commerce, processing 173 billion euros worth of transactions through in-store terminals in the second half of the year, up 26% from a year earlier, as it expanded partnerships with key clients including Starbucks and Uber.
($1 = 0.8420 euros)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
