(Bi)annual take rate of Adyen 2015-2023
The company's net revenue in 2023 increased sizably, but investors found it to be below their initial expectations.
Adyen's take rate - transaction revenue compared to transaction volume - was 17.4 bps in the first half of 2023, compared to 17.6 bps in the same period in 2022. This decline in take rate is not new for the Dutch fintech in payment processing. The company attributes this decline to its tiered pricing model and a growing value of transactions overall. Adyen states it sees take rate as "an outcome, not a driver" of its business model, instead focusing on scalability of its platform.