Payoneer Global (PAYO) Company Report

Payoneer observed soft marketplace volumes in Q4 intra-quarter trends, similar to November, but saw acceleration in B2B volumes (expected high teens in Q4, up from 11% in Q3) and strong travel spend.
The company is strategically shifting towards larger, upmarket customers (over $250,000 GMV per month), which currently account for approximately 30% of core revenue and 50% of B2B revenue, leading to higher product attach rates and improved retention.
Average Revenue Per User (ARPU) (excluding flow income) grew 22% in Q3 and has increased by over 20% for five consecutive quarters.
Payoneer is driving take-rate expansion through increased adoption of higher take-rate products like its card product (approximately 3% take-rate) and growth in regions like LATAM and APAC, where take-rates are 2-3% compared to the 1.2% aggregate.
Payoneer plans to launch stablecoin wallet functionality in early 2026, viewing it as a key innovation in cross-border payments to solve the "last-mile challenge".

1 day ago

Payoneer Updates on Q4 Trends, Strategic Growth, and 2026 Stablecoin Launch

PAYO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Payoneer is performing in line with its medium-term targets of mid-teens revenue growth and Adjusted EBITDA margins above 25%, despite a volatile macro environment.
For Q4, the company noted soft marketplace volumes similar to October, but its B2B franchise volumes accelerated in recent months, projected to be in the high teens for the quarter, up from 11% in Q3.
The strategy to move upmarket is successful, with customers generating over $250,000 GMV per month accounting for approximately 30% of core revenue and 50% of B2B revenue, demonstrating higher product attach rates and improved retention.
Payoneer's card product saw $6 billion in usage over the last 12 months and 19% volume growth in Q3, benefiting from a multi-currency model that enables 30%-40% cross-border usage on its U.S.-issued card, leading to higher yields.
The company plans to launch a stablecoin wallet functionality in early 2026 to integrate stablecoins into its payment ecosystem and address the "last-mile challenge" for customers.

1 day ago

Payoneer Reports Record Q3 2025 Results and Raises Full-Year Guidance

PAYO

Earnings

Guidance Update

Share Buyback

Payoneer reported record Q3 2025 revenue of $271 million, up 9% year-over-year, with revenue excluding interest income reaching $211 million, up 15% year-over-year.
The company raised its full-year 2025 guidance, expecting total revenue between $1,050 million and $1,070 million and adjusted EBITDA between $270 million and $275 million, representing a 26% margin at the midpoint.
Customer funds held on the platform grew 17% year-over-year to $7.1 billion in Q3 2025, and Payoneer has secured approximately $120 million of 2026 interest income through hedging programs.
Payoneer is strategically focusing on larger, more complex customers, which has driven ARPU up 65% since Q1 2023 to over $470, and B2B revenue grew 27% in Q3, now representing roughly 30% of revenue excluding interest.
During Q3 2025, Payoneer repurchased approximately $45 million of shares at a weighted average price of $6.73, with approximately $273 million remaining on its share repurchase authorization.

Nov 5, 2025, 1:30 PM

Payoneer Reports Third Quarter 2025 Financial Results

PAYO

Earnings

Guidance Update

Payoneer Global Inc. reported Q3 2025 revenue of $270.9 million, an increase of 9% year-over-year.
Revenue excluding interest income for Q3 2025 was $211.4 million, growing 15% year-over-year.
Net income for Q3 2025 was $14.1 million, a (66)% decrease year-over-year, while Adjusted EBITDA increased 3% year-over-year to $71.3 million.
The company's volume for Q3 2025 reached $22.3 billion, a 9% year-over-year increase.
Payoneer is increasing its 2025 guidance, with expected revenue between $1,050 million and $1,070 million and Adjusted EBITDA between $270 million and $275 million.

Nov 5, 2025, 12:35 PM

Payoneer Reports Record Q3 2025 Revenue and Raises Full-Year Guidance

PAYO

Earnings

Guidance Update

Share Buyback

Payoneer reported record quarterly revenue of $270.9 million for the third quarter ended September 30, 2025, representing a 9% year-over-year increase, with revenue excluding interest income growing 15% year-over-year.
For Q3 2025, net income was $14.1 million, a 66% decrease year-over-year, while Adjusted EBITDA increased 3% year-over-year to $71.3 million.
The company raised its 2025 guidance for total revenue to a range of $1,050 million to $1,070 million and for Adjusted EBITDA to $270 million to $275 million.
Operational metrics for Q3 2025 included a 9% year-over-year increase in volume to $22.3 billion and SMB customer revenue growth of 17% year-over-year to $192 million. The company also accelerated share repurchases, bringing year-to-date repurchases to $94 million.

Nov 5, 2025, 12:30 PM

Earnings Transcripts

Quarterly earnings call transcripts for Payoneer Global.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop