PAYO earnings analysis
What we found in PAYO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 6%
- Q1 2026 revenue was $261.6 million, up from $246.6 million in Q1 2025, marking a 6% increase.
- Strong EPS Beat
- Reported EPS of $0.06 surpassed the estimate of $0.02, reflecting a positive earnings surprise of 200%.
- Increased B2B Volume
- B2B volume surged 44%, contributing positively to overall revenue growth.
- Raised Annual Guidance
- 2026 revenue guidance increased to $1.1 billion - $1.14 billion from prior estimates.
- Transaction Costs Reduced by 11%
- Transaction costs decreased to $35.2 million from $39.3 million in Q1 2025, improving cost efficiency.
- Operating Cash Flow remains strong
- Net cash provided by operating activities was $51.8 million, close to $53.7 million the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Interest Income
- Interest income decreased by $6.4 million due to lower short-term interest rates.
- Geopolitical Risks
- Ongoing conflicts in the Middle East, particularly the impacts of wars involving Israel and Iran, could adversely affect operations.
- Regulatory Uncertainty
- Potential impacts from evolving international trade policies and compliance requirements may create risks for the business.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.06
- Operating margin
- 11.48%
What they said about what is next.
Guidance raised; 2026 revenue projection increased to $1.1B-$1.14B.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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