Stocktoria

Adyen N.V. ADYEN.AS

NL · Euronext Amsterdam · XAMS · stock · Technology · website

Adyen N.V. statistics & valuation

Market cap€33.4B
P / E31.5×
P / S12.6×
P / B6.3×
P / FCF37.0×
Net margin40.1%
FCF margin34.2%
Net cash€10.2B
Enterprise value USD$26.9B
Earnings yield EBIT/EV4.7%
Return on capital20%
Graham number -66.4%€355.84

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€355.84); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.30% 37.50% 41.60% 40.10% 2022202320242025
Gross margin (%)
14.90% 87.30% 89.30% 88.80% 2022202320242025
Operating margin (%)
7.40% 36.60% 39.20% 41.40% 2022202320242025
Return on equity (%)
23.30% 22.20% 21.90% 20.10% 2022202320242025
Shares outstanding
31.6M 31.6M 31.6M 31.6M 2022202320242025
Net debt (€)
-€6.25B -€8.00B -€9.50B -€10.17B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
7.40% 7.30% 8.10% 8.70% 2022202320242025
Free cash flow margin (%)
21.50% 96.60% 72.00% 34.20% 2022202320242025
Debt / equity (×)
0.08× 0.07× 0.05× 0.05× 2022202320242025
EPS (€)
€18.17 €22.41 €29.59 €33.61 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Adyen N.V. trades at about 31.5× earnings — below its 10-year norm (10-year range 37.3×–75.8×, median 53.1×).

31.5× 75.8×

Shaded band = 10-year range (37.3×–75.8×); dot = today's 31.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin88.8%89.3%87.3%14.9%
Operating margin41.4%39.2%36.6%7.4%
Net margin40.1%41.6%37.5%6.3%
FCF margin34.2%72.0%96.6%21.5%
Return on assets8.7%8.1%7.3%7.4%
Return on equity20.1%21.9%22.2%23.3%
Current ratio1.721.551.451.42

Computed from company filings · NL · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.