Q3 2020 summary*
- Processed volume of €77 billion in Q3 2020: up 26% year-on-year.
- Net revenue of €169.4 million: up 25% year-on-year.
- EBITDA of €101.2 million: up 24% year-on-year.
- EBITDA margin was 60%, as we continue to invest in Adyen for the long term.
- Free cash flow conversion ratio of 95%, with CapEx remaining <5% of net revenue.
Building Adyen for the long term
“The Trading Update in Q1 of this year may have been a little out of character for us, with our half-yearly reporting intervals lining up well with our long-term outlook. However, the COVID-19 pandemic still dominates lives and businesses across the globe. Therefore, we feel it’s appropriate to also provide more color around the evolution of volumes for Q3 – with some regions now back-to-business, and others still experiencing stricter measures. Our focus continues to be on helping our merchants navigate this pandemic and its impact on society”, said Ingo Uytdehaage, Adyen’s CFO.