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Payoneer Global

Payoneer Global (PAYO) Q2 2026 Earnings

Reported Aug 6, 2026 at 7:35 AM ET · SEC Source

Q2 26 EPS GAAP

$-0.01

MISS 116.42%

Est. $0.06

Includes $10.8 million in M&A third-party costs related to the proposed Nuvei acquisition, $2.5 million in non-recurring acquisition-related compensation, and $0.1 million in Boundless-related fair value adjustments, totaling $13.5 million in M&A-related expenses

Q2 26 Revenue

$274.3M

BEAT +1.21%

Est. $271.0M

vs S&P Since Q2 26

-0.2%

TRAILING MARKET

PAYO +0.3% vs S&P +0.5%

Market Reaction

Did PAYO Beat Earnings? Q2 2026 Results

Payoneer Global delivered a split verdict in Q2 2026, beating revenue expectations while missing badly on the bottom line as costs tied to its pending acquisition by Nuvei weighed heavily on reported earnings. The cross-border payments company posted… Read more Payoneer Global delivered a split verdict in Q2 2026, beating revenue expectations while missing badly on the bottom line as costs tied to its pending acquisition by Nuvei weighed heavily on reported earnings. The cross-border payments company posted revenue of $274.26 million, up 5.2% year over year and modestly ahead of the $270.98 million consensus, driven by a 48% surge in B2B volume to $4.30 billion and 10% growth in revenue excluding interest income. On a GAAP basis, however, Payoneer reported a diluted EPS of -$0.01, missing the $0.06 consensus by 116.42%, as the quarter absorbed $13.47 million in M&A-related charges, including $10.80 million in third-party costs tied to the Nuvei deal, alongside elevated R&D spending of $46.97 million and $10.62 million in other financial expense. With Nuvei's $7.40-per-share take-private transaction on track and having already cleared its HSR waiting period, Payoneer has withdrawn its full-year 2026 outlook and suspended earnings calls, leaving investors to parse the numbers without management commentary until the deal closes, expected around mid-2027.

Key Takeaways

  • • B2B volume growth of 48% year-over-year driven by larger customer acquisition, particularly in China and EMEA
  • • Revenue excluding interest income grew 10% year-over-year
  • • Checkout volume up 52% year-over-year
  • • ARPU growth of 18% year-over-year, eighth consecutive quarter of 20%+ ARPU growth excluding interest
  • • Enterprise payouts volume growth of 22% year-over-year
  • • Customer funds grew 10% year-over-year to $7.7 billion, partially offsetting lower interest rates

PAYO Forward Guidance & Outlook

Payoneer has withdrawn its financial outlook for the year ending December 31, 2026, as well as its medium and long-term targets, in light of the pending take-private transaction with Nuvei. The company has also suspended earnings conference calls. Payoneer plans to continue providing quarterly earnings releases and filing reports with the SEC until the Nuvei transaction is completed.

24/7 Wall St

PAYO YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

PAYO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26
24/7 Wall St

PAYO Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“Payoneer's Q2 results reflect the strength of our business and execution of our team: double-digit revenue growth excluding interest, continued ARPU expansion, and a further acceleration of B2B volume growth to 48%. We've built highly differentiated assets over decades, including specialized infrastructure for cross border commerce, network effects that strengthen as we scale, and deep relationships with millions of global businesses who trust us to power their growth.”

— John Caplan, Q2 2026 Earnings Press Release

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