Payoneer Global (PAYO) Q4 2025 Earnings
Reported Feb 26, 2026 at 7:35 AM ET · SEC Source
Q4 25 EPS
$0.05
MISS 24.59%
Est. $0.07
Q4 25 Revenue
$274.7M
MISS 2.73%
Est. $282.4M
vs S&P Since Q4 25
+53.3%
BEATING MARKET
PAYO +62.1% vs S&P +8.7%
Full Year 2025 Results
FY 25 EPS
$0.19
FY 25 Revenue
$1.05B
Market Reaction
Did PAYO Beat Earnings? Q4 2025 Results
Payoneer Global posted a mixed fourth quarter, falling short on both the top and bottom lines as declining interest income weighed on results. Revenue came in at $274.69 million, up 5.0% year-over-year but trailing the $282.39 million consensus by 2.… Read more Payoneer Global posted a mixed fourth quarter, falling short on both the top and bottom lines as declining interest income weighed on results. Revenue came in at $274.69 million, up 5.0% year-over-year but trailing the $282.39 million consensus by 2.73%, while earnings per share of $0.05 missed the $0.07 estimate by 24.59%. The primary culprit was a familiar one: interest income slid 8% year-over-year in the quarter as lower rates eroded yield on $7.90 billion in customer funds, masking genuinely solid momentum in the company's core business, where revenue excluding interest grew 9% in Q4 and the B2B segment expanded 17%. The quarter capped a full year in which Payoneer crossed $1.05 billion in total revenue, and shares rallied on the company's announcement of plans to pursue a national trust bank charter to integrate stablecoin infrastructure into its payments platform. Looking ahead, management guided 2026 revenue of $1.09 billion to $1.13 billion with adjusted EBITDA of $275 million to $285 million, targeting mid-teens growth exiting the year.
Key Takeaways
- • B2B SMB revenue growth of 17% YoY in Q4 and 28% for the full year
- • Checkout revenue growth of 25% YoY in Q4 and 55% for the full year
- • ARPU grew 15% YoY, and excluding interest income was up 21%, marking 6 consecutive quarters of 20%+ growth
- • Customer funds grew 13% YoY to $7.9 billion partially offsetting interest income decline from lower rates
- • Continued strength with larger customers and strategic pricing initiatives
- • Growth in higher take rate B2B, Checkout and Card franchises
PAYO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PAYO Revenue by Segment
With YoY comparisons, source: SEC Filings
PAYO Revenue by Geography
With YoY comparisons, source: SEC Filings
“Payoneer continued to support the global ambitions of our customers and delivered record results in 2025. We crossed $1 billion in annual revenue, delivered significant profitability, and generated meaningful free cash flow. We repurchased $175 million, or 8% of shares outstanding during the year, underscoring our conviction in the intrinsic value of the business and our commitment to driving long-term shareholder returns.”
— John Caplan, Q4 2025 Earnings Press Release
PAYO Earnings Trends
PAYO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PAYO EPS Trend
Earnings per share: estimate vs actual
PAYO Revenue Trend
Quarterly revenue: estimate vs actual
PAYO Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.02 | $0.06 | +219.15% | $261.6M | +2.87% |
| Q4 25 MISS FY | $0.07 | $0.05 | -24.59% | $274.7M | -2.73% |
| FY Full Year | — | $0.19 | — | $1.05B | — |
| Q3 25 MISS | $0.07 | $0.04 | -39.12% | $270.9M | +2.84% |
| Q2 25 MISS | $0.08 | $0.05 | -36.47% | $260.6M | +2.96% |