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PAYO logoPayoneer Global Inc.(PAYO)Earnings, Financials & Key Ratios

PAYO•NASDAQ
$4.86
$1.68B mkt cap·25.6× P/E·Price updated May 6, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryPayments and fintech infrastructure
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$1.05B+7.7%
  • EBITDA$190M+20.6%
  • Net Income$73M-39.6%
  • EPS (Diluted)0.19-38.7%
  • Gross Margin78.07%-7.5%
  • EBITDA Margin18.08%+12.0%
  • Operating Margin11.84%-22.3%
  • Net Margin6.95%-43.9%
  • ROE10.24%-41.3%
  • ROIC30.66%-53.5%
  • Debt/Equity0.10+248.1%
Technical→

PAYO Key Insights

Payoneer Global Inc. (PAYO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FCF machine: 19.6% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 25.0%
  • ✓Share count reduced 2.5% through buybacks

✗Weaknesses

  • ✗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.

PAYO Price & Volume

Payoneer Global Inc. (PAYO) stock price & volume — 10-year historical chart

Loading chart...

PAYO Growth Metrics

Payoneer Global Inc. (PAYO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years24.96%
3 Years18.82%
TTM7.68%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-39.59%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-40.72%

Return on Capital

10 Years3.92%
5 Years7.67%
3 Years16.51%
Last Year14.91%

PAYO Recent Earnings

Payoneer Global Inc. (PAYO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 26, 2026
EPS
$0.05
Est $0.06
-16.7%
Revenue
$275M
Est $282M
-2.7%
Q4 2025
Nov 5, 2025
EPS
$0.06
Est $0.06
+0.0%
Revenue
$271M
Est $283M
-4.2%
Q3 2025
Aug 6, 2025
EPS
$0.05
Est $0.06
-16.7%
Revenue
$261M
Est $258M
+1.2%
Q2 2025
May 7, 2025
EPS
$0.05
Est $0.07
-28.6%
Revenue
$247M
Est $253M
-2.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.05vs $0.06-16.7%
$275Mvs $282M-2.7%
Q4 2025Nov 5, 2025
$0.06vs $0.06+0.0%
$271Mvs $283M-4.2%
Q3 2025Aug 6, 2025
$0.05vs $0.06-16.7%
$261Mvs $258M+1.2%
Q2 2025May 7, 2025
$0.05vs $0.07-28.6%
$247Mvs $253M-2.6%
Based on last 12 quarters of dataView full earnings history →

PAYO Peer Comparison

Payoneer Global Inc. (PAYO) competitors in Payments and fintech infrastructure — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
WU logoWUThe Western Union CompanyDirect Competitor2.82B8.995.87-4%47.95%
FLYW logoFLYWFlywire CorporationDirect Competitor2.09B17.51159.1826.59%6.65%5.87%
RELY logoRELYRemitly Global, Inc.Direct Competitor5B23.7376.5529.37%6.12%12.66%0.25
CASS logoCASSCass Information Systems, Inc.Direct Competitor607.85M47.0918.04-13.1%17.25%14.61%0.02
PYPL logoPYPLPayPal Holdings, Inc.Product Competitor42.56B46.268.554.32%25.08%0.49
AFRM logoAFRMAffirm Holdings, Inc.Product Competitor21.85B65.58437.2038.8%7.6%8.83%2.56
BILL logoBILLBill.com Holdings, Inc.Product Competitor3.67B37.07161.1713.36%-1.56%-0.63%0.45
RPAY logoRPAYRepay Holdings CorporationProduct Competitor303.9M3.45-1.15-1.21%-82.73%-46.64%0.91

Compare PAYO vs Peers

Payoneer Global Inc. (PAYO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WU

Most directly comparable listed peer for PAYO.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare PAYO against a more recognizable public peer.

Peer Set

Compare Top 5

vs WU, FLYW, RELY, CASS

PAYO Income Statement

Payoneer Global Inc. (PAYO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue260.13M317.75M345.59M473.4M627.62M831.1M977.72M1.05B
Revenue Growth %-22.15%8.76%36.98%32.58%32.42%17.64%7.68%
Cost of Goods Sold81.37M94.67M97.04M101.48M110.17M122.29M152.11M230.86M
COGS % of Revenue31.28%29.79%28.08%21.44%17.55%14.71%15.56%21.93%
Gross Profit
178.77M▲ 0%
223.09M▲ 24.8%
248.55M▲ 11.4%
371.93M▲ 49.6%
517.46M▲ 39.1%
708.81M▲ 37.0%
825.61M▲ 16.5%
821.91M▼ 0.4%
Gross Margin %68.72%70.21%71.92%78.56%82.45%85.29%84.44%78.07%
Gross Profit Growth %-24.79%11.42%49.64%39.13%36.98%16.48%-0.45%
Operating Expenses180.69M219.44M265.85M402.14M539.67M605.2M676.58M697.24M
OpEx % of Revenue69.46%69.06%76.93%84.95%85.99%72.82%69.2%66.23%
Selling, General & Admin74.55M92.04M114.47M178.73M280.88M315.69M351.43M376.56M
SG&A % of Revenue28.66%28.96%33.12%37.75%44.75%37.98%35.94%35.77%
Research & Development29.38M34.77M52.3M80.76M115.04M119.2M134.63M155.42M
R&D % of Revenue11.3%10.94%15.13%17.06%18.33%14.34%13.77%14.76%
Other Operating Expenses76.76M92.64M99.07M142.65M143.75M170.32M190.52M165.26M
Operating Income
-1.93M▲ 0%
3.64M▲ 288.9%
-17.3M▼ 575.0%
-30.21M▼ 74.7%
-22.21M▲ 26.5%
103.61M▲ 566.4%
149.03M▲ 43.8%
124.67M▼ 16.3%
Operating Margin %-0.74%1.15%-5%-6.38%-3.54%12.47%15.24%11.84%
Operating Income Growth %-288.95%-575.01%-74.67%26.47%566.41%43.84%-16.35%
EBITDA2.38M9.73M-10.45M-23.15M-13.93M111.7M157.73M190.29M
EBITDA Margin %0.92%3.06%-3.02%-4.89%-2.22%13.44%16.13%18.08%
EBITDA Growth %-308.05%-207.36%-121.59%39.84%901.9%41.21%20.64%
D&A (Non-Cash Add-back)4.31M6.09M6.85M7.06M8.29M8.09M8.7M65.63M
EBIT-4.1M4.08M-15.43M-25.06M11.75M132.54M139.47M115.59M
Net Interest Income000-220K45.16M242.2M259.26M0
Interest Income000055.29M242.2M259.26M0
Interest Expense000220K10.13M000
Other Income/Expense-2.17M443K1.87M4.93M23.83M28.93M-9.56M-9.08M
Pretax Income
-4.1M▲ 0%
4.08M▲ 199.6%
-15.43M▼ 477.7%
-25.28M▼ 63.9%
1.62M▲ 106.4%
132.54M▲ 8101.5%
139.47M▲ 5.2%
115.59M▼ 17.1%
Pretax Margin %-1.58%1.29%-4.46%-5.34%0.26%15.95%14.27%10.98%
Income Tax3.09M4.71M8.32M8.71M13.59M39.2M18.31M42.4M
Effective Tax Rate %-75.34%115.3%-53.93%-34.46%840.72%29.58%13.13%36.68%
Net Income
-7.19M▲ 0%
-625K▲ 91.3%
-23.75M▼ 3699.4%
-33.99M▼ 43.1%
-11.97M▲ 64.8%
93.33M▲ 879.7%
121.16M▲ 29.8%
73.19M▼ 39.6%
Net Margin %-2.76%-0.2%-6.87%-7.18%-1.91%11.23%12.39%6.95%
Net Income Growth %-91.31%-3699.36%-43.13%64.78%879.72%29.82%-39.59%
Net Income (Continuing)-7.19M-625K-23.75M-33.99M-11.97M93.33M121.16M73.19M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-0.02▲ 0%
-0.00▲ 92.5%
-0.07▼ 4262.5%
-0.19▼ 172.2%
-0.03▲ 81.9%
0.24▲ 797.7%
0.31▲ 29.2%
0.19▼ 38.7%
EPS Growth %-92.45%--172.21%81.89%797.67%29.17%-38.71%
EPS (Basic)-0.02-0.00-0.07-0.20-0.030.260.340.20
Diluted Shares Outstanding338.35M338.35M338.35M357.49M348.04M392.67M386.24M376.73M
Basic Shares Outstanding338.35M338.35M338.35M340.05M348.04M361.68M358.35M361.17M
Dividend Payout Ratio--------

PAYO Balance Sheet

Payoneer Global Inc. (PAYO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets1.58B1.9B3.57B4.96B6.47B7.11B7.1B8.11B
Cash & Short-Term Investments104.01M114.9M102.99M465.93M543.3M617.02M497.47M415.54M
Cash Only104.01M114.9M102.99M465.93M543.3M617.02M497.47M415.54M
Short-Term Investments00000000
Accounts Receivable073.12M84.03M77.34M61.2M66.32M92.83M97.77M
Days Sales Outstanding-8488.7559.6335.5929.1234.6633.9
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets1.47B1.71B3.38B4.41B5.85B6.4B6.45B7.56B
Total Non-Current Assets057.17M99.22M116.03M123.55M174.4M830.74M845.67M
Property, Plant & Equipment014.27M12.69M25.08M29.65M40.35M35.46M94.69M
Fixed Asset Turnover-22.26x27.22x18.87x21.17x20.60x27.58x11.12x
Goodwill0022.54M21.13M19.89M19.89M77.78M77.78M
Intangible Assets016.19M34.41M37.53M45.44M76.27M102.39M208.05M
Long-Term Investments06.56M6.86M7.01M6.43M0048.45M
Other Non-Current Assets017.18M19.03M20.38M17.96M22.6M573.58M359.79M
Total Assets
1.58B▲ 0%
1.96B▲ 24.3%
3.67B▲ 87.2%
5.08B▲ 38.4%
6.59B▲ 29.8%
7.28B▲ 10.4%
7.93B▲ 8.9%
8.96B▲ 12.9%
Asset Turnover0.16x0.16x0.09x0.09x0.10x0.11x0.12x0.12x
Asset Growth %-24.29%87.16%38.4%29.85%10.44%8.89%12.94%
Total Current Liabilities1.39B1.74B3.44B4.5B5.98B6.54B7.13B8.08B
Accounts Payable013.95M17.25M17.2M41.57M33.94M37.3M44.61M
Days Payables Outstanding-53.7864.8661.87137.72101.389.5170.53
Short-Term Debt0013.5M00000
Deferred Revenue (Current)01.69B3.35B4.4B5.84B6.39B6.96B7.89B
Other Current Liabilities1.39B26.26M33.25M47.01M64.46M67.84M81.48M87.02M
Current Ratio1.13x1.09x1.04x1.10x1.08x1.09x1.00x1.00x
Quick Ratio1.13x1.09x1.04x1.10x1.08x1.09x1.00x1.00x
Cash Conversion Cycle--------
Total Non-Current Liabilities45.07M222.81M204.46M93.85M71.88M76.87M74.51M168.44M
Long-Term Debt060M26.52M13.66M16.14M18.41M00
Capital Lease Obligations00006.51M17.84M15.64M65.08M
Deferred Tax Liabilities000021.05M30M48.8M93.23M
Other Non-Current Liabilities45.07M162.81M177.94M80.19M28.18M10.63M10.07M10.13M
Total Liabilities1.44B1.97B3.65B4.59B6.05B6.62B7.21B8.25B
Total Debt060M40.02M22.95M31.01M43.42M21.38M72.33M
Net Debt-104.01M-54.9M-62.96M-442.97M-512.29M-573.6M-476.09M-343.2M
Debt / Equity--1.65x0.05x0.06x0.07x0.03x0.10x
Debt / EBITDA-6.17x---0.39x0.14x0.38x
Net Debt / EBITDA-43.61x-5.64x----5.14x-3.02x-1.80x
Interest Coverage----113.89x1.16x---
Total Equity
138.34M▲ 0%
-5.36M▼ 103.9%
24.3M▲ 553.1%
487.07M▲ 1904.5%
545.26M▲ 11.9%
664.27M▲ 21.8%
724.79M▲ 9.1%
704.43M▼ 2.8%
Equity Growth %--103.88%553.09%1904.5%11.95%21.83%9.11%-2.81%
Book Value per Share0.41-0.020.071.361.571.691.881.87
Total Shareholders' Equity138.34M-5.36M24.3M487.07M545.26M664.27M724.79M704.43M
Common Stock180K200K486K3.4M3.53M3.69M3.96M4.12M
Retained Earnings-35.98M-36.32M-60.07M-94.05M-108.53M-15.2M105.97M179.16M
Treasury Stock00000-56.94M-193.72M-368.87M
Accumulated OCI-719K143K4.17M2.25M-176K-176K-12.61M-6.28M
Minority Interest00000000

PAYO Cash Flow Statement

Payoneer Global Inc. (PAYO) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-5.99M-14.31M9.53M20.02M83.96M159.49M176.93M233.49M
Operating CF Margin %-2.3%-4.5%2.76%4.23%13.38%19.19%18.1%22.18%
Operating CF Growth %--139.01%166.56%110.11%319.49%89.96%10.93%31.97%
Net Income-7.19M-625K-23.75M-33.99M-11.97M93.33M121.16M73.19M
Depreciation & Amortization7.87M10.34M17.09M18M20.86M27.81M45.45M65.63M
Stock-Based Compensation6.92M9.54M11.07M37.01M52.15M65.77M64.79M73.1M
Deferred Taxes-414K-694K-721K-1.22M731K-11.12M-22.62M-17.41M
Other Non-Cash Items2.54M-440K-433K-5.6M-31.21M-21.72M8.77M-17.22M
Working Capital Changes-15.72M-32.43M6.26M5.81M53.4M5.42M-40.63M56.19M
Change in Receivables-2.2M129.32M255.92M3.93M964K4.9M337K1.53M
Change in Inventory-14.36M0000000
Change in Payables1.53M6.82M2.87M469K24.28M-8.33M1.13M7.87M
Cash from Investing-11.43M-20.58M-66.85M10.16M5.73M-44.25M-1.96B-218.34M
Capital Expenditures-10.86M-9.15M-4.99M-6.89M-28.83M-12.06M-8.19M-26.87M
CapEx % of Revenue4.18%2.88%1.44%1.46%4.59%1.45%0.84%2.55%
Acquisitions0-6.5M-15.48M000-48.22M-33.08M
Investments--------
Other Investing-566K-4.93M-46.38M17.05M34.57M-32.2M-102.89M-40.59M
Cash from Financing553.62M353.74M1.67B1.4B1.46B511.95M427.77M738.04M
Debt Issued (Net)060M-19.98M-26.36M2.61M2.27M-18.41M0
Equity Issued (Net)0032.65M-20.8M21.35M-42.23M-137.51M-174.22M
Dividends Paid00000000
Share Repurchases00000-55.44M-137.51M-174.93M
Other Financing553.62M293.74M1.66B1.44B1.44B551.91M583.7M912.26M
Net Change in Cash
533.67M▲ 0%
319.37M▼ 40.2%
1.62B▲ 406.2%
1.43B▼ 11.9%
1.55B▲ 8.6%
631.65M▼ 59.2%
-1.36B▼ 315.3%
758.5M▲ 155.8%
Free Cash Flow
-16.85M▲ 0%
-31.6M▼ 87.5%
-4.51M▲ 85.7%
-884K▲ 80.4%
55.13M▲ 6336.1%
111.7M▲ 102.6%
116.53M▲ 4.3%
206.62M▲ 77.3%
FCF Margin %-6.48%-9.95%-1.31%-0.19%8.78%13.44%11.92%19.63%
FCF Growth %--87.53%85.73%80.4%6336.09%102.62%4.33%77.3%
FCF per Share-0.05-0.09-0.01-0.000.160.280.300.55
FCF Conversion (FCF/Net Income)0.83x22.90x-0.40x-0.59x-7.01x1.71x1.46x3.19x
Interest Paid0311K1.89M1.92M1.47M1.77M1.4M0
Taxes Paid3.33M1.94M5.71M3.69M9.43M40.91M52.32M0

PAYO Key Ratios

Payoneer Global Inc. (PAYO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-5.2%-0.94%-250.8%-13.29%-2.32%15.43%17.45%10.24%
Return on Invested Capital (ROIC)-4.21%---833.28%-43.23%125.7%65.87%30.66%
Gross Margin68.72%70.21%71.92%78.56%82.45%85.29%84.44%78.07%
Net Margin-2.76%-0.2%-6.87%-7.18%-1.91%11.23%12.39%6.95%
Debt / Equity--1.65x0.05x0.06x0.07x0.03x0.10x
Interest Coverage----113.89x1.16x---
FCF Conversion0.83x22.90x-0.40x-0.59x-7.01x1.71x1.46x3.19x
Revenue Growth-22.15%8.76%36.98%32.58%32.42%17.64%7.68%

PAYO SEC Filings & Documents

Payoneer Global Inc. (PAYO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 26, 2026·SEC

Material company update

Dec 3, 2025·SEC

Material company update

Nov 5, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

PAYO Frequently Asked Questions

Payoneer Global Inc. (PAYO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Payoneer Global Inc. (PAYO) reported $1.05B in revenue for fiscal year 2025. This represents a 305% increase from $260.1M in 2018.

Payoneer Global Inc. (PAYO) grew revenue by 7.7% over the past year. This is steady growth.

Yes, Payoneer Global Inc. (PAYO) is profitable, generating $73.2M in net income for fiscal year 2025 (7.0% net margin).

Dividend & Returns

Payoneer Global Inc. (PAYO) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Payoneer Global Inc. (PAYO) generated $206.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More PAYO

Payoneer Global Inc. (PAYO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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