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#Asset-based margin

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Kraken Q3 2026 Earnings: Payward Earned $487M as EBITDA Margin Doubled to 12%
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Kraken Q3 2026 Earnings: Payward Earned $487M as EBITDA Margin Doubled to 12%

Key Highlights Payward reported $487 million in Total Platform Margin and $60 million in adjusted EBITDA for Q3 2026. Total Platform Transaction Volume rose 22% from Q2 but fell 30% year over year to $353 billion. Asset- and access-based margin increased to 52% of total margin as Payward’s funded and billable accounts continued to grow. ...