Payoneer (PAYO) AI Stock Analysis

• Market Cap: $2.11B
• Dividend Yield: N/A
• Average Volume (3M): 3.01M
• Price to Earnings (P/E): 22.2
• Beta (1Y): 1.43
• Revenue Growth: 13.02%
• EPS Growth: -2.57%
• Country: US
• Employees: 2,407
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.05
• Shares Outstanding: 360,315,550
• 10 Day Avg. Volume: 2,574,850
• 30 Day Avg. Volume: 3,009,747
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 2.11
• Enterprise Value/Gross Profit: 2.53
• Enterprise Value/Ebitda: 11.87
• 1Y Price Target: $10.50
• Price Target Upside: 79.49% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: $7.50 ▲(28.21% Upside)

Payoneer's overall stock score is driven by strong financial performance and positive earnings call highlights, including record revenue and strategic initiatives. However, technical analysis indicates potential bearish momentum, and valuation metrics suggest moderate pricing. The absence of a dividend yield and challenges such as increased transaction costs and declining net income slightly temper the outlook.

Positive Factors

Revenue Growth

The consistent revenue growth reflects strong market demand and effective business strategies, positioning Payoneer well for sustained expansion.

B2B Revenue Expansion

Significant B2B revenue growth indicates successful penetration into key markets and strengthens Payoneer's competitive position in the digital payments sector.

Strategic Partnerships

The partnership with Stripe enhances Payoneer's service offerings and global reach, potentially driving further customer acquisition and revenue growth.

Negative Factors

Net Income Decline

A decline in net income suggests challenges in maintaining profitability, which could impact future financial flexibility and investment capacity.

Increased Transaction Costs

Rising transaction costs may pressure margins and reduce profitability, necessitating efficiency improvements to sustain long-term growth.

China B2B Market Volatility

Volatility in the China B2B market could lead to unpredictable revenue streams, affecting overall business stability and growth prospects.

Payoneer Business Overview & Revenue Model

Company Description

Payoneer 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.

How the Company Makes Money

Payoneer makes money primarily through transaction fees, currency conversion fees, and account maintenance fees. When users send or receive payments across borders, Payoneer charges a transaction fee, which is a percentage of the amount transferred. Additionally, the company earns revenue from currency conversion fees when transactions involve different currencies. Payoneer also generates income through interest on working capital solutions provided to businesses. Key partnerships with marketplaces, e-commerce platforms, and financial institutions enhance its revenue streams by expanding its user base and integrating its services into diverse ecosystems.

Payoneer Financial Statement Overview

Summary

Payoneer demonstrates strong financial health with consistent revenue growth, improving profitability, and robust cash flow generation. The company maintains low leverage, enhancing its financial stability. While the balance sheet shows high liabilities, effective cash flow management and profitability are key strengths that support its financial sustainability.

Income Statement

Payoneer shows strong financial performance with a consistent revenue growth trend, growing from $345.6M in 2020 to $996.15M in TTM 2025. The gross profit margin has remained robust, showing effective cost management, and the company has turned profitable with a net profit margin of 11.32% in TTM 2025. The EBIT and EBITDA margins have also improved considerably, indicating enhanced operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity base with a debt-to-equity ratio of 0.03 in TTM 2025, indicating low leverage. The equity ratio stands at approximately 9.94%, suggesting a reasonable level of equity financing. However, the company's liquidity could be a concern with a high proportion of liabilities relative to assets.

Cash Flow

Payoneer's cash flow performance is commendable, with positive free cash flow growth and a healthy operating cash flow to net income ratio of 1.69 in TTM 2025. The free cash flow to net income ratio is also strong at 1.37, demonstrating efficient cash management and a solid ability to generate cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.02B	977.72M	831.10M	627.62M	473.40M	345.59M
Gross Profit	849.32M	825.61M	708.81M	517.46M	371.93M	248.55M
EBITDA	180.86M	196.33M	131.42M	-8.23M	-7.14M	1.20M
Net Income	99.82M	121.16M	93.33M	-11.97M	-33.95M	-23.60M
Balance Sheet
Total Assets	8.11B	7.93B	7.28B	6.59B	5.08B	3.67B
Cash, Cash Equivalents and Short-Term Investments	497.14M	497.47M	617.02M	543.30M	465.93M	102.99M
Total Debt	45.88M	21.38M	43.42M	24.50M	13.66M	40.02M
Total Liabilities	7.34B	7.21B	6.62B	6.05B	4.59B	3.65B
Stockholders Equity	770.90M	724.79M	664.27M	545.26M	487.07M	24.30M
Cash Flow
Free Cash Flow	195.40M	168.74M	111.70M	55.13M	-1.32M	-4.51M
Operating Cash Flow	220.41M	176.93M	159.49M	83.96M	19.58M	9.53M
Investing Cash Flow	-1.43B	-1.96B	-44.25M	5.73M	10.16M	-66.85M
Financing Cash Flow	873.49M	427.77M	511.95M	1.46B	1.40B	1.67B

Payoneer Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAYO, the sentiment is Negative. The current price of 5.85 is below the 20-day moving average (MA) of 6.32, below the 50-day MA of 6.57, and below the 200-day MA of 7.59, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 32.05 is Neutral, neither overbought nor oversold. The STOCH value of 25.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAYO.

Payoneer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAYO	75 Outperform	$2.11B	22.22	13.86%	―	13.02%	-2.57%
DLO	73 Outperform	$4.07B	26.81	32.78%	―	22.02%	12.42%
PAYS	71 Outperform	$291.32M	44.14	19.65%	―	27.84%	-13.78%
RELY	69 Neutral	$3.19B	240.22	2.10%	―	35.12%	―
PAGS	64 Neutral	$2.88B	7.03	14.59%	1.56%	0.09%	5.38%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MQ	54 Neutral	$2.27B	56.63	-6.51%	―	17.47%	-544.72%