Checkout.com posts $750M annualised revenue run-rate and returns to profitability

Checkout.com Reports $750M Annualised Revenue and Return to Profitability

Checkout.com has announced an annualised net revenue run-rate of $750 million for 2026, representing 28% year-on-year growth, alongside a return to full-year profitability — metrics the UK-registered payments processor is presenting as evidence of sustained commercial momentum following a period of restructuring.

The figures are company-stated and based on an annualised run-rate, not audited statutory revenue. Checkout.com is registered in England and Wales as CHECKOUT LTD (Companies House number 08037323), with a registered address at Wenlock Works, Shepherdess Walk, London, N1 7BQ. Its last statutory accounts filed at Companies House were made up to 31 December 2025; the next accounts, covering the period to 31 December 2026, are due by 30 September 2027.

Payment Volume and Merchant Scale

Alongside the revenue announcement, Checkout.com disclosed that it processed over $300 billion in total payment volume in 2025, a 64% year-on-year increase. The company's Annual Letter 2025 also noted that 63 merchants processed $1 billion or more annually through the platform during 2025, up from 39 the prior year — a near-62% expansion in the number of large-volume commercial relationships in a single year.

The company processed more than $300 billion in payment volume in 2025, with 63 merchants each transacting over $1 billion through the platform — up from 39 the previous year.

The same annual letter records that $5.2 billion in total payment volume passed through Checkout.com's infrastructure over the Black Friday and Cyber Monday period. The company further stated it achieved more than 30% net revenue growth for the second consecutive year in 2025.

Analysts note that the gap between payment volume growth (64%) and net revenue growth (28%) is a structurally common feature of payments businesses, where revenue yield — typically expressed as a take-rate on processed volume — tends to lag volume expansion, particularly as larger merchants command more competitive pricing terms.

Valuation and Ownership Context

Checkout.com's current valuation stands at $12 billion, a figure established through an employee share buyback programme announced in September 2025. Prior secondary reporting — including from CNBC, Forbes and Bloomberg, all of which are referenced in this publication's research package — has noted this represents a substantial reduction from an earlier peak valuation; this publication has not independently verified that prior figure and does not reproduce it as fact.

The September 2025 buyback announcement gave employees a mechanism to realise value from their shareholdings. The $12 billion reference point is the valuation implied by that transaction, as stated by the company and corroborated by multiple named secondary sources in the research package.

Statutory Filings and Transparency

As a UK-registered entity, Checkout.com is subject to Companies House filing requirements. The company has published a newsroom post addressing recent UK filings for customers — the existence of that post is referenced in the research package, with the URL listed among primary sources, though this publication has not independently retrieved and confirmed the full content of that post beyond what the package records.

In regulatory terms, the distinction between annualised run-rate revenue and audited statutory accounts is material. Until the accounts for the period ending 31 December 2026 are filed — due by 30 September 2027 — the $750 million figure remains a company-disclosed metric rather than a verified statutory one. Readers and counterparties should treat it accordingly.

Why It Matters

The combination of profitability, volume growth and a stabilised valuation benchmark provides Checkout.com with a more durable commercial narrative than the company has been able to present in recent years. The $12 billion valuation, while lower than earlier market-cycle benchmarks cited by secondary sources, gives the company a defined reference point for employee equity and potential future capital activity. The 64% year-on-year payment volume expansion, if sustained, would represent a significant acceleration relative to the broader payments infrastructure market — though whether that pace is maintained into 2026 will only become verifiable when statutory accounts are filed.