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Payoneer (PAYO)
NASDAQ:PAYO
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum with material improvements in revenue ex-interest, ARPU expansion, B2B penetration, adjusted EBITDA and cash generation. Management provided constructive 2026 guidance targeting further margin expansion and doubling of core profitability while pursuing strategic initiatives (stablecoin, bank charter, AI, acquisitions). Key near-term challenges include declining interest income, a front-loaded revenue drag from migrating Checkout to Stripe, marketplace softness earlier in Q4, and some expense increases. Overall, the positives—sustained revenue and ARPU growth, meaningful profitability expansion, strong cash flow and proactive hedging and capital return—materially outweigh the cited headwinds.Company Guidance
Strong Volume and Global Footprint
Processed over $87 billion in volume across 190 countries and territories in 2025, demonstrating broad global scale and cross-border reach.
Revenue Growth (Ex-Interest)
Revenue excluding interest income grew 14% year-over-year in 2025; Q4 record quarterly revenue of $275 million with revenue ex-interest up 9% year-over-year.
B2B Outperformance
B2B revenue grew 28% year-over-year and now represents 30% of revenue ex-interest (up from 20% in 2023); Q4 B2B volume growth accelerated to 21% and enterprise payout volumes grew 17% for the full year (27% in Q4).
ARPU and Upmarket Momentum
ARPU increased 15% in Q4 and ARPU excluding interest income was up 21% (sixth consecutive quarter of 20%+ expansion); customers with $600,000+ annual average volume now represent 42% of revenue and drove 60% of overall growth in 2025.
Profitability Expansion
Total adjusted EBITDA was $272 million (26% margin) for 2025; adjusted EBITDA excluding interest income was $40 million (nearly 3x 2024). Q4 adjusted EBITDA was $69 million (25% margin) and adjusted EBITDA ex-interest in Q4 was $13 million (5x prior year).
Cash Generation and Capital Return
Generated $146 million of free cash flow for 2025 (nearly 200% free cash flow conversion) and repurchased $175 million of shares in 2025 (including ~$80 million in Q4) with ~$192 million remaining authorization.
Improving Cost and Take Rate Dynamics
Transaction costs improved to 15.6% of revenue (down ~90 basis points year-over-year); excluding interest income, transaction costs were 19.6% of revenue (down ~180 basis points). SMB take rate improved to 113 basis points (up ~4 basis points YoY).
Balance Sheet and Interest Hedging
Customer funds grew to $7.9 billion (up 13% YoY) and company hedged approximately $4 billion (~51% of customer funds), securing over $130 million of interest income for 2026, $110 million+ for 2027 and $90 million+ for 2028 to mitigate interest-rate sensitivity.
Strategic Moves: Stablecoin, Bank Charter, Acquisitions
Launched stablecoin capabilities with Bridge (Stripe) and put a waitlist/live customers; applied to establish an uninsured national trust bank in the U.S. to integrate stablecoin capabilities; acquired Boundless to deepen workforce management capabilities.
2026 Guidance and Margin Outlook
2026 guidance expects revenue ex-interest of $900M–$940M (~12% growth midpoint), total revenue $1.09B–$1.13B, adjusted EBITDA $275M–$285M (~25% margin) and adjusted EBITDA ex-interest $85M–$95M (more than 2x 2025) with an exit-year target of mid-teens growth and mid-teens core margins.
PAYO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PAYO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $5.24 | $4.27 | -18.51% |
Nov 05, 2025 | $5.79 | $5.47 | -5.53% |
Aug 06, 2025 | $6.50 | $7.42 | +14.15% |
May 07, 2025 | $7.13 | $6.16 | -13.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Payoneer (PAYO) report earnings?
Payoneer (PAYO) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Payoneer (PAYO) earnings time?
Payoneer (PAYO) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAYO EPS forecast?
PAYO EPS forecast for the fiscal quarter 2026 (Q1) is 0.06.