By segment, Adyen’s processed volume saw year-over-year increases of 15% in Digital, 26% in Unified Commerce and 38% in Platforms.
“Growth this quarter remained broad-based across our global customer base, which has proven resilient in an uncertain macroeconomic environment,” the company said in the update.
Highlighting trends by segment, Adyen said its strength in Digital was driven in part by its partnerships with content and subscriptions customers; its growth in Unified Commerce reflected the resilience of its luxury, small format retail, hospitality and food-and-beverage customers; and its gains in Platforms was driven by its expansion across vertical software-as-a-service (SaaS) businesses and the adoption of its embedded finance products.
“We haven’t seen that there’s been a change in consumer spending behavior with our customers on our platform with the dataset that we have,” Adyen Chief Financial Officer Ethan Tandowsky said Wednesday during a Business Update call. “That also as we looked at it over recent weeks and months. So, we haven’t seen a real change that’s noticeable thus far.”
Outlining its first quarter business highlights in a Wednesday press release, Adyen pointed to its joining the x402 Foundation to help lay the groundwork for agentic commerce, its launch of Intelligent Money Movement, and its agreement to acquire Talon.One.
Advertisement: Scroll to Continue
When announcing its plan to acquire Talon.One, Adyen described the company in an April 23 press release as a platform for loyalty and incentives that serves more than 300 global merchants.
Adyen said that it plans to acquire the company for a total consideration of €750 million (about $878 million) and that the companies expect the transaction to close in the second half.
In the Wednesday press release, Tandowsky said the agreement to acquire Talon.One is “a natural extension of our platform, enabling merchants to act on real-time data across online and in-store channels.”
Adyen announced its launch of Intelligent Money Movement in an April 9 press release, saying this product connects payments, liquidity management and payouts on a single platform, and enables large global enterprises to move funds faster, gain real-time visibility into their cash positions and reduce operational complexity.
“Global commerce operates in real time, but money movement still happens in fragmented stages,” Tandowsky said in the release. “Intelligent Money Movement is designed to eliminate the gaps between payments, liquidity management and payouts.”
The launch of the x402 Foundation was announced April 2, with the Linux Foundation saying the organization will serve as the neutral home for the x402 protocol, a universal standard created by Coinbase to facilitate agentic payments.
The announcement said Adyen was among the early participants in the x402 Foundation.
Adyen Chief Technology Officer Tom Adams said in an April 2 press release: “Adyen is joining the x402 Foundation because we believe open, interoperable standards are the right foundation for agentic commerce.”
