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Payoneer Global Inc. (PAYO) 10-Year Financial Performance & Capital Metrics

PAYO • • Industrial / General
TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceFinancial Infrastructure & Billing
AboutPayoneer Global Inc. operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others. The company's platform delivers bank-grade security, stability, and redundancy combined with modern digital capabilities that interconnects the world on a single platform. Its cross-border payment solutions support an ecosystem of marketplaces and marketplace sellers to pay their sellers in approximately 190 countries and territories by connecting to Payoneer APIs and for sellers to get paid. The company was founded in 2005 and is based in New York, New York.Show more
  • Revenue $978M +17.6%
  • EBITDA $158M +41.2%
  • Net Income $121M +29.8%
  • EPS (Diluted) 0.31 +29.2%
  • Gross Margin 84.44% -1.0%
  • EBITDA Margin 16.13% +20.0%
  • Operating Margin 15.24% +22.3%
  • Net Margin 12.39% +10.4%
  • ROE 17.45% +13.0%
  • ROIC 65.87% -47.6%
  • Debt/Equity 0.03 -54.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 25.2%

✗Weaknesses

  • ✗Weak momentum: RS Rating 20 (bottom 20%)
  • ✗Thin 5Y average net margin of 1.5%
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y25.21%
3Y27.35%
TTM10.58%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-44.33%

EPS CAGR

10Y-
5Y-
3Y-
TTM-45.3%

ROCE

10Y Avg2.35%
5Y Avg3.14%
3Y Avg10.3%
Latest19.35%

Peer Comparison

Financial Infrastructure & Billing
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MQMarqeta, Inc.1.8B4.4183.84-25.02%-6.74%-4.72%3.1%0.01
PAYSPaySign, Inc.259.8M4.7268.8023.5%10.1%16.53%5.18%0.10
CSGSCSG Systems International, Inc.2.27B79.4826.232.39%6.85%28.79%5%2.03
CPAYCorpay, Inc.23.14B330.7723.685.77%24.37%25.52%7.63%2.54
PAYOPayoneer Global Inc.1.92B5.4017.4217.64%6.96%9.64%6.05%0.03
IMXIInternational Money Express, Inc.460.64M15.508.66-0.01%6.26%26.14%5.01%1.35
ATCHAtlasClear Holdings, Inc.38.17M0.26-0.69171.31%-44.2%-79.32%4.12%
LSAKLesaka Technologies, Inc.392.68M4.67-4.1016.92%-11.78%-32.78%0.90

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+260.13M317.75M345.59M473.4M627.62M831.1M977.72M
Revenue Growth %-0.22%0.09%0.37%0.33%0.32%0.18%
Cost of Goods Sold+81.37M94.67M97.04M101.48M110.17M122.29M152.11M
COGS % of Revenue0.31%0.3%0.28%0.21%0.18%0.15%0.16%
Gross Profit+178.77M223.09M248.55M371.93M517.46M708.81M825.61M
Gross Margin %0.69%0.7%0.72%0.79%0.82%0.85%0.84%
Gross Profit Growth %-0.25%0.11%0.5%0.39%0.37%0.16%
Operating Expenses+180.69M219.44M265.85M402.14M539.67M605.2M676.58M
OpEx % of Revenue0.69%0.69%0.77%0.85%0.86%0.73%0.69%
Selling, General & Admin74.55M92.04M114.47M178.73M280.88M315.69M351.43M
SG&A % of Revenue0.29%0.29%0.33%0.38%0.45%0.38%0.36%
Research & Development29.38M34.77M52.3M80.76M115.04M119.2M134.63M
R&D % of Revenue0.11%0.11%0.15%0.17%0.18%0.14%0.14%
Other Operating Expenses76.76M92.64M99.07M142.65M143.75M170.32M190.52M
Operating Income+-1.93M3.64M-17.3M-30.21M-22.21M103.61M149.03M
Operating Margin %-0.01%0.01%-0.05%-0.06%-0.04%0.12%0.15%
Operating Income Growth %-2.89%-5.75%-0.75%0.26%5.66%0.44%
EBITDA+2.38M9.73M-10.45M-23.15M-13.93M111.7M157.73M
EBITDA Margin %0.01%0.03%-0.03%-0.05%-0.02%0.13%0.16%
EBITDA Growth %-3.08%-2.07%-1.22%0.4%9.02%0.41%
D&A (Non-Cash Add-back)4.31M6.09M6.85M7.06M8.29M8.09M8.7M
EBIT-4.1M4.08M-15.43M-25.06M11.75M132.54M139.47M
Net Interest Income+000-220K45.16M242.2M259.26M
Interest Income000055.29M242.2M259.26M
Interest Expense000220K10.13M00
Other Income/Expense-2.17M443K1.87M4.93M23.83M28.93M-9.56M
Pretax Income+-4.1M4.08M-15.43M-25.28M1.62M132.54M139.47M
Pretax Margin %-0.02%0.01%-0.04%-0.05%0%0.16%0.14%
Income Tax+3.09M4.71M8.32M8.71M13.59M39.2M18.31M
Effective Tax Rate %1.75%-0.15%1.54%1.34%-7.41%0.7%0.87%
Net Income+-7.19M-625K-23.75M-33.99M-11.97M93.33M121.16M
Net Margin %-0.03%-0%-0.07%-0.07%-0.02%0.11%0.12%
Net Income Growth %-0.91%-36.99%-0.43%0.65%8.8%0.3%
Net Income (Continuing)-7.19M-625K-23.75M-33.99M-11.97M93.33M121.16M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.02-0.00-0.07-0.19-0.030.240.31
EPS Growth %-0.92%--1.72%0.82%7.98%0.29%
EPS (Basic)-0.02-0.00-0.07-0.20-0.030.260.34
Diluted Shares Outstanding338.35M338.35M338.35M357.49M348.04M392.67M386.24M
Basic Shares Outstanding338.35M338.35M338.35M340.05M348.04M361.68M358.35M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.58B1.9B3.57B4.96B6.47B7.11B7.1B
Cash & Short-Term Investments104.01M114.9M102.99M465.93M543.3M617.02M497.47M
Cash Only104.01M114.9M102.99M465.93M543.3M617.02M497.47M
Short-Term Investments0000000
Accounts Receivable073.12M84.03M77.34M61.2M66.32M92.83M
Days Sales Outstanding-8488.7559.6335.5929.1234.66
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets1.47B1.71B3.38B4.41B5.85B6.4B6.45B
Total Non-Current Assets+057.17M99.22M116.03M123.55M174.4M830.74M
Property, Plant & Equipment014.27M12.69M25.08M29.65M40.35M35.46M
Fixed Asset Turnover-22.26x27.22x18.87x21.17x20.60x27.58x
Goodwill0022.54M21.13M19.89M19.89M77.78M
Intangible Assets016.19M34.41M37.53M45.44M76.27M102.39M
Long-Term Investments06.56M6.86M7.01M6.43M00
Other Non-Current Assets017.18M19.03M20.38M17.96M22.6M573.58M
Total Assets+1.58B1.96B3.67B5.08B6.59B7.28B7.93B
Asset Turnover0.16x0.16x0.09x0.09x0.10x0.11x0.12x
Asset Growth %-0.24%0.87%0.38%0.3%0.1%0.09%
Total Current Liabilities+1.39B1.74B3.44B4.5B5.98B6.54B7.13B
Accounts Payable013.95M17.25M17.2M41.57M33.94M37.3M
Days Payables Outstanding-53.7864.8661.87137.72101.389.51
Short-Term Debt0013.5M0000
Deferred Revenue (Current)01000K1000K1000K1000K1000K1000K
Other Current Liabilities1.39B26.26M33.25M47.01M64.46M67.84M81.48M
Current Ratio1.13x1.09x1.04x1.10x1.08x1.09x1.00x
Quick Ratio1.13x1.09x1.04x1.10x1.08x1.09x1.00x
Cash Conversion Cycle-------
Total Non-Current Liabilities+45.07M222.81M204.46M93.85M71.88M76.87M74.51M
Long-Term Debt060M26.52M13.66M16.14M18.41M0
Capital Lease Obligations00006.51M17.84M15.64M
Deferred Tax Liabilities000021.05M30M48.8M
Other Non-Current Liabilities45.07M162.81M177.94M80.19M28.18M10.63M10.07M
Total Liabilities1.44B1.97B3.65B4.59B6.05B6.62B7.21B
Total Debt+060M40.02M22.95M31.01M43.42M21.38M
Net Debt-104.01M-54.9M-62.96M-442.97M-512.29M-573.6M-476.09M
Debt / Equity--1.65x0.05x0.06x0.07x0.03x
Debt / EBITDA-6.17x---0.39x0.14x
Net Debt / EBITDA-43.61x-5.64x----5.14x-3.02x
Interest Coverage----137.31x-2.19x--
Total Equity+138.34M-5.36M24.3M487.07M545.26M664.27M724.79M
Equity Growth %--1.04%5.53%19.04%0.12%0.22%0.09%
Book Value per Share0.41-0.020.071.361.571.691.88
Total Shareholders' Equity138.34M-5.36M24.3M487.07M545.26M664.27M724.79M
Common Stock180K200K486K3.4M3.53M3.69M3.96M
Retained Earnings-35.98M-36.32M-60.07M-94.05M-108.53M-15.2M105.97M
Treasury Stock00000-56.94M-193.72M
Accumulated OCI-719K143K4.17M2.25M-176K-176K-12.61M
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-5.99M-14.31M9.53M20.02M83.96M159.49M176.93M
Operating CF Margin %-0.02%-0.05%0.03%0.04%0.13%0.19%0.18%
Operating CF Growth %--1.39%1.67%1.1%3.19%0.9%0.11%
Net Income-7.19M-625K-23.75M-33.99M-11.97M93.33M121.16M
Depreciation & Amortization7.87M10.34M17.09M18M20.86M27.81M45.45M
Stock-Based Compensation6.92M9.54M11.07M37.01M52.15M65.77M64.79M
Deferred Taxes-414K-694K-721K-1.22M731K-11.12M-22.62M
Other Non-Cash Items2.54M-440K-433K-5.6M-31.21M-21.72M8.77M
Working Capital Changes-15.72M-32.43M6.26M5.81M53.4M5.42M-40.63M
Change in Receivables-2.2M129.32M255.92M3.93M964K4.9M337K
Change in Inventory-14.36M000000
Change in Payables1.53M6.82M2.87M469K24.28M-8.33M1.13M
Cash from Investing+-11.43M-20.58M-66.85M10.16M5.73M-44.25M-1.96B
Capital Expenditures-10.86M-9.15M-4.99M-6.89M-28.83M-12.06M-8.19M
CapEx % of Revenue0.04%0.03%0.01%0.01%0.05%0.01%0.01%
Acquisitions-------
Investments-------
Other Investing-566K-4.93M-46.38M17.05M34.57M-32.2M-102.89M
Cash from Financing+553.62M353.74M1.67B1.4B1.46B511.95M427.77M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing553.62M293.74M1.66B1.44B1.44B551.91M583.7M
Net Change in Cash-------
Free Cash Flow+-16.85M-31.6M-4.51M-884K55.13M111.7M116.53M
FCF Margin %-0.06%-0.1%-0.01%-0%0.09%0.13%0.12%
FCF Growth %--0.88%0.86%0.8%63.36%1.03%0.04%
FCF per Share-0.05-0.09-0.01-0.000.160.280.30
FCF Conversion (FCF/Net Income)0.83x22.90x-0.40x-0.59x-7.01x1.71x1.46x
Interest Paid0311K1.89M1.92M1.47M1.77M1.4M
Taxes Paid3.33M1.94M5.71M3.69M9.43M40.91M52.32M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-5.2%-0.94%-250.8%-13.29%-2.32%15.43%17.45%
Return on Invested Capital (ROIC)-4.21%---833.28%-43.23%125.7%65.87%
Gross Margin68.72%70.21%71.92%78.56%82.45%85.29%84.44%
Net Margin-2.76%-0.2%-6.87%-7.18%-1.91%11.23%12.39%
Debt / Equity--1.65x0.05x0.06x0.07x0.03x
Interest Coverage----137.31x-2.19x--
FCF Conversion0.83x22.90x-0.40x-0.59x-7.01x1.71x1.46x
Revenue Growth-22.15%8.76%36.98%32.58%32.42%17.64%

Revenue by Geography

2021202220232024
CHINA---340.85M
CHINA Growth----
Europe, Middle East, and Africa (---253.1M
Europe, Middle East, and Africa ( Growth----
Asia Pacific--114.33M186.58M
Asia Pacific Growth---63.19%
Latin America--77.28M100.32M
Latin America Growth---29.81%
North America--97.43M96.87M
North America Growth----0.58%
UNITED STATES---95.79M
UNITED STATES Growth----
China160.58M195.66M287.94M-
China Growth-21.85%47.16%-
Europe--166.87M-
Europe Growth----
United States55.94M87.44M93.37M-
United States Growth-56.30%6.79%-
All other countries256.88M344.52M--
All other countries Growth-34.12%--

Frequently Asked Questions

Valuation & Price

Payoneer Global Inc. (PAYO) has a price-to-earnings (P/E) ratio of 17.4x. This is roughly in line with market averages.

Growth & Financials

Payoneer Global Inc. (PAYO) reported $1.04B in revenue for fiscal year 2024. This represents a 300% increase from $260.1M in 2018.

Payoneer Global Inc. (PAYO) grew revenue by 17.6% over the past year. This is strong growth.

Yes, Payoneer Global Inc. (PAYO) is profitable, generating $72.4M in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Payoneer Global Inc. (PAYO) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.

Payoneer Global Inc. (PAYO) generated $165.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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