Payoneer (PAYO) AI Stock Analysis

• Market Cap: $2.47B
• Dividend Yield: N/A
• Average Volume (3M): 2.44M
• Price to Earnings (P/E): 23.1
• Beta (1Y): 1.36
• Revenue Growth: 14.86%
• EPS Growth: -0.94%
• Country: US
• Employees: 2,407
• Sector: Technology
• Sector Strength: 95
• Industry: Software - Infrastructure
• EPS (TTM): 0.05
• Shares Outstanding: 361,671,200
• 10 Day Avg. Volume: 2,105,278
• 30 Day Avg. Volume: 2,440,365
• PEG Ratio: -3.68
• Price to Book (P/B): 3.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.78
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 0.50
• Enterprise Value/Gross Profit: 2.32
• Enterprise Value/Ebitda: 2.52
• 1Y Price Target: $9.25
• Price Target Upside: 34.06% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 74 Outperform
• Price Target: $7.50 ▲(8.70%Upside)

Payoneer's strong financial performance and strategic expansion efforts are key strengths. However, technical indicators and valuation suggest a cautious outlook, compounded by uncertainties in global trade impacting future guidance. The stock score reflects a balanced view of its strengths and risks.

Positive Factors

Financial Performance

Payoneer's 4Q24 revenue and adjusted EBITDA both exceeded consensus estimates, indicating strong financial performance.

Market Position

Internal execution has been solid and the competitive position remains solidly intact.

Stock Rating

The stock rating for Payoneer Inc. has been upgraded to 'Outperform' from 'Market Perform'.

Negative Factors

Revenue Guidance

Management suspended the FY25 guide as the impact from tariffs are expected to weigh on volumes.

Share Price Decline

PAYO shares are down 39% year-to-date as investors are concerned about the revenue headwinds associated with lower interest rates and the impact of tariffs.

Tariff Impact

The evolving tariff situation reduces visibility, with potential impact estimated at about $50 million to total revenues.

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 exhibits strong financial health with consistent revenue growth, improving profitability, and robust cash flow generation. Low leverage enhances financial stability, though liquidity concerns exist due to high liabilities.

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

Payoneer Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAYO, the sentiment is Neutral. The current price of 6.9 is above the 20-day moving average (MA) of 6.78, above the 50-day MA of 6.83, and below the 200-day MA of 8.44, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 67.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PAYO.

Payoneer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLO	81 Outperform	$3.19B	24.69	26.10%	―	―	―
PAYS	75 Outperform	$427.78M	70.65	18.82%	―	26.77%	-13.24%
PAYO	74 Outperform	$2.47B	23.08	15.97%	―	14.86%	-0.94%
RELY	69 Neutral	$3.56B	―	-0.71%	―	34.37%	95.80%
Sector *	68 Neutral	¥228.97B	14.57	7.50%	2.69%	9.28%	6.70%
MQ	68 Neutral	$2.75B	58.82	5.01%	―	-8.44%	―
PAGS	64 Neutral	$2.78B	6.91	14.36%	1.65%	2.38%	9.88%

Payoneer Corporate Events

Payoneer Confirms Director Elections and Key Proposals

On June 10, 2025, Payoneer Global Inc. held its annual meeting of stockholders, where several key proposals were addressed. The election of Class I directors was confirmed, with Barak Eilam and Rich Williams taking on significant roles within the Board. Additionally, the appointment of Kesselman & Kesselman as the independent registered public accounting firm for 2025 was ratified. The meeting also saw approval of executive compensation on a non-binding basis, but voting on proposals to amend the Certificate of Incorporation was adjourned to allow more time for decision-making.

The most recent analyst rating on (PAYO) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Payoneer stock, see the PAYO Stock Forecast page.