Payoneer beats Q2 revenue expectations, raises buyback authorization

Payoneer Global

06/08/2025 12:48

Overview

Payoneer Q2 revenue rises 9% to $260.6 mln, beating analyst expectations

Revenue excluding interest income grows 16% yr/yr, driven by SMB customer growth

Co raises share repurchase authorization to $300 mln

Outlook

Payoneer expects 2025 revenue between $1.04 bln and $1.06 bln

Company projects 2025 adjusted EBITDA of $260 mln to $275 mln

Payoneer forecasts revenue ex. interest income of $815 mln to $835 mln

Company increases share repurchase authorization to $300 mln

Result Drivers

SMB CUSTOMER GROWTH - Revenue excluding interest income grew 16% yr/yr, driven by 11% volume growth and significant take rate expansion with SMB customers

B2B SMB REVENUE - B2B SMBs revenue increased 37% yr/yr, contributing to overall SMB customer revenue growth

CARD USAGE - Record $1.5 bln spend on Payoneer cards, up 25% yr/yr, driven by higher usage per customer

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$260.60 mln
$253.10 mln (9 Analysts)
Q2 EPS
$0.05
Q2 Net Income
$19.50 mln
Q2 Operating Expenses
$230.54 mln
Q2 Operating income
$30.08 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Payoneer Global Inc is $9.00, about 27.8% above its August 5 closing price of $6.50

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw95HCH3a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)