Checkout.com reports $750m run rate as US volumes more than double
Profitable since 2024 by its own account, the London payments company says it will fund a push into AI, software platforms and business accounts from its own cash flow
- Checkout.com says US processing volumes grew more than 120% in the year to date, and that the US now makes up 20% of payment volume, up from 15% a year earlier
- Checkout.com expects group total payment volume to reach $480bn for 2026
- Checkout.com says it has 2,300 employees, operates in 56 countries and holds 10 acquiring licenses
- It says more than 1,700 enterprise merchants use it, and that it has lately signed partnerships with Microsoft, Spotify and Best Buy
Publishing group numbers alongside subsidiary filings gives a company the first word on its year. That only builds trust when every adjusted or annualized figure arrives with its definition. The bigger lesson is the order of moves: reaching profit before the next product push makes those bets a choice for management, not a condition of the next funding round.
“Our return to sustained profitability gives us the freedom to invest with conviction through the next decade.”Antoine Nougué, chief revenue officer, Checkout.com
Checkout.com said on 29 September that its annualized net revenue had reached $750m (£568m), up 28% on a year earlier on a trailing 12-month basis. It expects about $150m in adjusted EBITDA for 2026.
Both numbers are the company's own measures rather than figures from its statutory accounts. Tech.eu reported that the annualized figure is August revenue multiplied by 12, and that adjusted EBITDA excludes one-off items such as restructuring costs.
Tech.eu, which puts the company’s valuation at $12bn, pointed to the timing: accounts for two UK subsidiaries, Checkout Limited and Checkout Technology Limited, are due out the same week. According to Tech.eu, Checkout.com said those filings will record a $40m dividend paid by Checkout Limited up to its parent, which it called an internal treasury transaction rather than a return to shareholders.
Checkout.com says it will spend beyond its core acquiring business. Checkout.com named three areas: tools for holding and moving business money, including its Business Account, payouts and card issuing; its Platforms product for software vendors and marketplaces; and AI, stretching to agentic commerce, in which software agents buy on a customer’s behalf.
In the US, the company said it is now operating under its own merchant acquirer limited purpose bank (MALPB) charter, which lets it acquire card payments directly.
Sources
- Checkout.com, “Checkout.com reaches $750m in annualised net revenue for 2026 and increases profitability”, press release, 29 September 2026. https://www.checkout.com/newsroom/checkout-com-reaches-750m-in-annualised-net-revenue-for-2026-and-increases-profitability
- Tech.eu, “Checkout.com says annualised net revenue hits $750M, as releases selective group financial figures”, 29 September 2026. https://tech.eu/2026/09/29/checkout-com-says-annualised-net-revenue-hits-750m-as-releases-selective-group-financial-figures/
- Bank of England, “Spot exchange rate, US $ into Sterling” (XUDLUSS), daily rates database, 29 September 2026. https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=22/Sep/2026&Dateto=01/Oct/2026&SeriesCodes=XUDLUSS&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N
