April 30 (Reuters) - Adyen, one of the

world's largest payment companies, reported quarterly revenue

below market expectations on Wednesday, showing the Dutch

company was not immune to the impact of global trade tensions on

economic activity and its clients.

Its shares fell as much as 5.7% in early trade.

Despite its global reach and track record navigating a

challenging market environment, Adyen remains exposed to the

risk of a global recession, analysts say.

The Amsterdam-listed company has been relying on its U.S.

clients, such as eBay ( EBAY ) and Cash App to win more market

share in the country, where its main competitors include fintech

giants PayPal ( PYPL ) and Fiserv ( FI ).

"We see the opportunity in the U.S. the same as it was

before," Adyen Chief Financial Officer Ethan Tandowsky told

Reuters.

He said that economic volatility might affect some of its

clients, but this would not change Adyen's strategy or its

outlook.

"We're focused on what we can control: deepening

relationships with existing customers and onboarding new ones."

Adyen's first-quarter net revenue rose 22% to 534.7 million

euros ($608.3 million), missing analysts' average estimate of

541 million euros, according to a Visible Alpha consensus

provided by the company.

Its processed volume, or the value of all transactions on

its payment platform, totalled 318.8 billion euros in the

quarter, below 336.1 billion euros expected by analysts.

Still, the group maintained its forecast that 2026 net

revenue growth will be in the low- to high-twenties percentage

range, and core earnings (EBITDA) margin will top 50%.

Adyen also confirmed its earlier 2025 forecast of higher

revenue growth, albeit with a caveat.

"If market volume growth slows, achieving the anticipated

acceleration may prove more challenging," Tandowsky said in a

statement.

($1 = 0.8790 euros)