Payoneer Q3 revenue beats estimates

Payoneer Global

05/11/2025 12:38

Overview

Payoneer Q3 revenue of $270.9 mln beats analyst expectations

Revenue excluding interest income grew 15% yr/yr, driven by 9% volume growth

Net income for Q3 fell 66% yr/yr to $14.1 mln

Company repurchased $45 mln shares, totaling $94 mln year-to-date

Outlook

Payoneer raises 2025 revenue guidance to $1,050 mln - $1,070 mln

Company increases 2025 adjusted EBITDA guidance to $270 mln - $275 mln

Payoneer expects transaction costs to be ~16.0% of revenue in 2025

Result Drivers

REVENUE GROWTH - Revenue excluding interest income grew 15% yr/yr, driven by 9% volume growth and significant take rate expansion with SMB customers

ARPU INCREASE - ARPU excluding interest income grew 22% yr/yr, driven by larger customers and strategic pricing initiatives

CARD USAGE - Record $1.6 bln of spend on Payoneer cards, up 19% yr/yr, driven by higher usage per customer

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$270.90 mln
$263.37 mln (10 Analysts)
Q3 EPS
$0.04
Q3 Net Income
$14.10 mln
Q3 Operating Expenses
$234.50 mln
Q3 Operating income
$36.34 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 $9.23, about 37.3% above its November 4 closing price of $5.79

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn415JNja

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(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.)