10-K · February 26, 2026
The 2025 10-K presents a company with continued top-line momentum: revenue was $1,052.8 million in 2025, up 8% from $977.7 million in 2024, and volume grew 9% to $87.5 billion. Payoneer emphasizes its SMB-focused global…
Earnings analysis · 10-Q
PAYO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Payoneer reported strong Q1 2026 earnings with revenue of $261.6 million, a 6% increase year-over-year, and diluted EPS of $0.06, exceeding estimates. The company raised its 2026 revenue guidance to between $1.1 billion…
Read full summary
Payoneer reported strong Q1 2026 earnings with revenue of $261.6 million, a 6% increase year-over-year, and diluted EPS of $0.06, exceeding estimates. The company raised its 2026 revenue guidance to between $1.1 billion and $1.14 billion, supported by a robust 44% growth in B2B volume. Despite some decline in interest income, management noted continued investment to enhance the platform and capture growth opportunities.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.06
- Operating margin
- 11.48%
What stood out
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Revenue Growth of 6%
Q1 2026 revenue was $261.6 million, up from $246.6 million in Q1 2025, marking a 6% increase.
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Strong EPS Beat
Reported EPS of $0.06 surpassed the estimate of $0.02, reflecting a positive earnings surprise of 200%.
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Increased B2B Volume
B2B volume surged 44%, contributing positively to overall revenue growth.
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Raised Annual Guidance
2026 revenue guidance increased to $1.1 billion - $1.14 billion from prior estimates.
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Transaction Costs Reduced by 11%
Transaction costs decreased to $35.2 million from $39.3 million in Q1 2025, improving cost efficiency.
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Operating Cash Flow remains strong
Net cash provided by operating activities was $51.8 million, close to $53.7 million the prior year.
What to watch
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Decline in Interest Income
Interest income decreased by $6.4 million due to lower short-term interest rates.
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Geopolitical Risks
Ongoing conflicts in the Middle East, particularly the impacts of wars involving Israel and Iran, could adversely affect operations.
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Regulatory Uncertainty
Potential impacts from evolving international trade policies and compliance requirements may create risks for the business.
Management's outlook
Guidance raised; 2026 revenue projection increased to $1.1B-$1.14B.
Earlier filings 4
10-Q · November 5, 2025
Payoneer reported Q3 revenue of $270,850,000, up $22,576,000 (≈9.1%) year-over-year from $248,274,000, and slightly above consensus. Operating income was $36,347,000 (13.4% margin), roughly flat vs. $35,162,000 a year…
10-Q · May 7, 2025
Payoneer reported quarterly revenue of $246,617,000, up from $228,183,000 a year ago (+$18,434,000 or ~8.1%), while operating income declined to $29,319,000 from $38,376,000 year‑over‑year. Diluted EPS fell to $0.05…
10-Q · August 7, 2024
Payoneer reported Q2 revenue of $239,520 (as reported) — up 15.9% year-over-year and up ~5.0% sequentially — and generated operating income of $46,309 (19.3% operating margin), reflecting margin expansion. GAAP net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.