Adyen NV (ADYEN-2086.50 EU, AS) Generated an EBITDA Margin of 58.9% in 2020.

Driven by 2020 revenue growth of 65% in North America, an EBITDA margin closing in on 60%, on revenues that have not yet touched $1 billion US, implies that the present rate of revenue growth, should it persist in the mid 20% to low 30% range, might be wildly accretive to earnings as the business scales. Historically, better known FinTech firms don’t generate such levels of EBITDA until revenues are 10X higher. Only a miniscule number of legal businesses, globally, have demonstrated an ability to generate this type of business return.

Such an EBITDA rate represents very rare air, indeed.

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