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

Kraken’s parent company made less money last quarter than in the same quarter a year earlier, and it kept more than twice as much of what it made. Payward reported $487 million of Total Platform Margin and $60 million of adjusted EBITDA for the three months to Sept. 30, 2026, with the EBITDA margin rising to 12% of margin from 5% in the second quarter, according to the company’s Q3 2026 financial highlights published on Nov. 13.