Payoneer Inc. Reports Record Revenue and Raises 2025 Guidance

Payoneer Inc. ( (PAYO) ) has released its Q3 earnings. Here is a breakdown of the information Payoneer Inc. presented to its investors.

Payoneer Inc., a global financial technology company, specializes in providing cross-border payment solutions and financial services to businesses, particularly small and medium-sized enterprises (SMBs), enabling them to grow and transact globally with ease and confidence.

In its latest earnings report for the third quarter of 2025, Payoneer announced record quarterly revenue, highlighting the strength and resilience of its diverse business model. The company also increased its financial guidance for the year, reflecting its robust performance and strategic advancements.

Key financial highlights include a 15% year-over-year increase in revenue excluding interest income, driven by a 9% growth in transaction volume and significant expansion in take rates with SMB customers. Despite a 66% drop in net income to $14.1 million, adjusted EBITDA rose by 3% to $71.3 million. The company also reported a 17% year-over-year growth in SMB customer revenue, with notable increases across various segments, such as B2B SMBs and Checkout services.

Additionally, Payoneer achieved a record $1.6 billion in spend on its cards, marking a 19% increase from the previous year. The company also reported $7.1 billion in customer funds, a 17% rise from the previous year, which helped mitigate the effects of lower interest rates. Share repurchases were accelerated to $45 million, bringing the year-to-date total to $94 million.

Looking ahead, Payoneer’s management remains optimistic about capturing long-term opportunities, focusing on growth, optimizing transaction costs, and managing operational expenses. The company has raised its revenue and adjusted EBITDA guidance for 2025, indicating confidence in its ability to continue delivering shareholder value despite the dynamic macroeconomic environment.