Payoneer Global Inc

Payoneer Global posted a mixed third quarter for fiscal 2025, beating revenue expectations while falling well short on the bottom line, sending shares lower in pre-market trading. The cross-border payments company reported revenue of $270.85 million, up 9.1% year over year and ahead of the $263.37 million consensus, yet earnings per share of $0.04 missed the $0.07 analyst estimate by 39.12%, a shortfall driven largely by a $16.39 million tax expense that swung sharply against the company compared to a $19.48 million tax benefit in the year-ago quarter. That reversal, combined with the absence of prior-year warrant-related items, pushed net income down 66% to $14.12 million from $41.57 million a year earlier. Beneath the headline weakness, operating momentum remained visible, with SMB revenue growing 17% to $192.00 million and Payoneer card spend reaching $1.60 billion, up 19%. Despite the earnings miss, management raised full-year 2025 guidance, now targeting revenue of $1.05 billion to $1.07 billion and adjusted EBITDA of $270 million to $275 million.