Amsterdam, October 29, 2025 – Dutch payments giant Adyen (ADYEN.AS) posted stronger-than-expected third-quarter revenue on Wednesday, driven by resilient retail transactions, even as the U.S. ended its tariff exemption for low-value imports.

The company reported net revenue of €598.4 million ($697.9 million) for Q3, a 23% year-on-year rise on a constant currency basis, surpassing analysts’ consensus forecast of 21.1%, according to Visible Alpha.

Strong Retail Transactions Offset Tariff Pressure

The end of the U.S. “de minimis” exemption for packages valued under $800 has affected online retailers, particularly in the Asia-Pacific region, but Adyen’s diverse global client base helped offset potential revenue pressure. CFO Ethan Tandowsky told Reuters that while there were minor improvements in Q3, the tariff change “hasn’t meaningfully changed our results.”

Shares of Adyen surged nearly 10% in early Amsterdam trading, making it one of the top performers on Europe’s STOXX 600 index (.STOXX).

Continued Hiring Amid AI and Economic Pressures

Unlike many global firms that have cut jobs amid weak consumer sentiment and AI-driven restructuring, Adyen added 86 employees in Q3, primarily in technology and commercial roles, bringing total staff to 4,568. The company expects to maintain a similar hiring pace.

Tandowsky said, “We see automation as a way to help entice and keep the best people and make sure their work is as rewarding as it can be anywhere else.”

Outlook for 2025 and Beyond

Adyen reaffirmed its 2025 revenue outlook but made slight adjustments to 2026 growth expectations, approaching the end of its financial targets set in 2023. Analysts view the company’s performance as a strong signal of resilience in the global payments sector, despite ongoing geopolitical and regulatory headwinds.