Payoneer Global Inc. Common Stock Earnings Recaps
Q1 2026
May 11, 2026
Payoneer’s Q1 results impressed with sharply accelerating B2B volume growth and expanding core profitability, driving a 6.2% stock increase as investors rewarded better-than-expected execution across key metrics.
Key takeaways
- B2B volume surged 44%, more than doubling sequential growth from 21%, signaling strong momentum in the company’s strategic upmarket focus.
- Revenue ex interest increased 11% year-over-year, with management targeting a mid-teens growth rate by year-end.
- Adjusted EBITDA margin stood at 27%, with adjusted EBITDA ex interest soaring over 140% to $18 million, the highest achieved in the public era.
- Customer funds on platform grew 15% year-over-year to $7.6 billion, reflecting deeper customer engagement with multiproduct adoption.
- The company is piloting AI initiatives and stablecoin wallet capabilities, positioning itself for long-term technological leverage beyond near-term results.
Q3 2025
Nov 6, 2025
Payoneer delivered a strong Q3 2025 performance with 15% revenue growth and raised guidance for the full year, highlighting the effectiveness of its strategic shift towards larger, more complex customers.
Key takeaways
- Q3 revenue ex-interest rose 15%, marking a consistent trend with mid-teens growth over the last seven quarters.
- Adjusted EBITDA reached $12 million with a margin above 25%, showing a sustained improvement in profitability.
- The company has significantly increased Average Revenue Per User (ARPU) by 65% since Q1 2023, driven by a focus on high-quality client relationships.
- B2B revenue surged 27%, now constituting approximately 30% of total revenue, reflecting successful efforts to target larger businesses.
- Customer balances held on the Payoneer platform grew 17% year-over-year, underscoring increased customer trust and future revenue potential from interest income.