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Dutch payments giant Adyen

’s stock is down as much as 20% after the company reported its earnings for the second half of 2025.

It reported net revenue had increased 17% year-on-year on a reported basis, hitting 1.27 billion euros ($1.51 billion), with both EMEA and North America growing 17% each.

The stock was down 18.3% as of 9.37 a.m. local time.