Payoneer Global Inc.

PAYO

TechnologySmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Payoneer Global Inc. operates as a financial technology company. The company offers customers with a multi-currency account to serve their cross-border accounts receivable and accounts payable needs through payment infrastructure platform. It delivers a suite of services, such as funds management, working capital, multicurrency accounts, and workforce management. It also provides various payment options with minimal integration required, full back-office functions, and customer support. The company serves small and medium-sized businesses worldwide. Payoneer Global Inc. was founded in 2005 and is headquartered in New York, New York.

Valuation

Market Cap$1.7B

Current Price$7.04as of Jun 23, 2026

P/E Ratio23.46

P/B Ratio2.44

EV / EBITDA7.22

EV / Sales1.67

Profitability

Operating Margin-13.0%

Net Profit Margin8.9%

EBITDA Margin23.2%

Returns

ROE10.4%

ROCE-12.3%

ROIC %-

ROA0.8%

Solvency

Current Ratio1.00

Debt / Equity0.10

Debt / Assets0.01

CFO / Net Profit3.19

Price History▲ 5.71% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$821M▲ 13.9%

EBITDA$190M▼ 414.4%

Net Profit$73M▼ 39.6%

Cash from Ops (CFO)$233M▲ 32.0%

Free Cash Flow (FCF)$146M▲ 25.1%

Revenue CAGR 3Y12.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$821M	$190M	$73M	$146M	10.4%	13.9%	-39.6%
2024	$721M	$-61M	$121M	$117M	16.7%	20.1%	29.8%
2023	$600M	$-99M	$93M	$112M	14.1%	4.9%	-879.7%
2022	$572M	$33M	$-12M	$55M	-2.2%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	572.33	600.47	720.87	821.16
Operating Revenue	-	563.57	590.83	710.29	813.41
Cost Of Revenue	101.48	110.16	122.29	152.11	-
Gross Profit	371.93	462.17	478.18	568.76	-
Operating Expense	-	649.84	727.49	828.68	928.11
Research And Development	-	115.04	119.20	134.63	155.42
Selling General And Administration	-	254.57	297.58	325.10	376.56
Total Expenses	-	649.84	727.49	828.68	928.11
Operating Income	-	-77.51	-127.02	-107.82	-106.95
Total Operating Income As Reported	-	-22.21	103.61	149.03	124.67
EBITDA	-	32.61	-99.21	-60.52	190.29
Normalized EBITDA	-	-1.36	-116.57	-48.54	190.29
EBIT	-	11.75	-127.02	-107.82	124.67
Interest Income	-	55.29	242.20	259.26	231.61
Interest Expense	-	10.13	-	-	9.08
Net Interest Income	-	45.16	242.20	259.26	222.54
Other Income Expense	11.82	33.96	17.36	-11.98	-
Interest Income Non Operating	-	55.29	242.20	259.26	231.61
Interest Expense Non Operating	-	10.13	-	-	9.08
Net Non Operating Interest Income Expense	-	45.16	242.20	259.26	222.54
Pretax Income	-	1.62	132.54	139.47	115.59
Tax Provision	-	13.59	39.20	18.31	42.40
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	7.13	5.13	-1.57	0
Net Income Continuous Operations	-	-11.97	93.33	121.16	73.19
Net Income From Continuing And Discontinued Operation	-	-11.97	93.33	121.16	73.19
Net Income From Continuing Operation Net Minority Interest	-	-11.97	93.33	121.16	73.19
Net Income	-	-11.97	93.33	121.16	73.19
Net Income Common Stockholders	-	-11.97	93.33	121.16	73.19
Net Income Including Noncontrolling Interests	-	-11.97	93.33	121.16	73.19
Normalized Income	-	-38.80	81.11	131.57	73.19
Diluted NI Availto Com Stockholders	-	-11.97	93.33	121.16	73.19
Basic Average Shares	202.88	348.04	361.68	358.35	-
Diluted Average Shares	202.88	348.04	392.67	386.24	-
Reconciled Depreciation	-	20.24	27.49	45.45	63.73
Reconciled Cost Of Revenue	101.48	110.78	122.29	153.96	-
Total Unusual Items	11.82	33.96	17.36	-11.98	-
Total Unusual Items Excluding Goodwill	11.82	33.96	17.36	-11.98	-
Preferred Stock Dividends	33.63	-	-	-	-
Earnings From Equity Interest Net Of Tax	-0.04	0	0	0	-
Gain On Sale Of Security	11.82	33.96	17.36	-11.98	-
Depreciation Amortization Depletion Income Statement	-	20.86	27.81	47.30	65.62
Depreciation And Amortization In Income Statement	-	20.86	27.81	47.30	65.62
General And Administrative Expense	-	90.01	100.93	113.26	141.40
Other Gand A	-	90.01	100.93	113.26	141.40
Total Other Finance Cost	6.85	10.13	-11.57	-	-
Other Operating Expenses	-	259.36	282.90	321.66	330.50
Selling And Marketing Expense	-	164.56	196.65	211.84	235.15

Peer Comparison

Technology sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Payoneer Global Inc.this co.	PAYO	$1.7B	23.46↑ premium	2.44	10.4%	7.22
Flywire Corporation	FLYW	$1.8B	133.32	2.15	1.6%	28.82
Alkami Technology, Inc.	ALKT	$1.7B	-36.34	4.78	-13.2%	-90.26
Wealthfront Corporation	WLTH	$1.7B	-40.87	2.80	-6.8%	-13.86
Arteris, Inc.	AIP	$1.7B	-49.42

Learn while you research

Hand-picked academy chapters to deepen your understanding of Payoneer Global Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$821M

$190M

$73M

$146M

10.4%

13.9%

-39.6%

2024

$721M

$-61M

$121M

$117M

16.7%

20.1%

29.8%

2023

$600M

$-99M

$93M

$112M

14.1%

4.9%

-879.7%

2022

$572M

$33M

$-12M

$55M

-2.2%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

572.33

600.47

720.87

821.16

Operating Revenue

563.57

590.83

710.29

813.41

Cost Of Revenue

101.48

110.16

122.29

152.11

Gross Profit

371.93

462.17

478.18

568.76

Operating Expense

649.84

727.49

828.68

928.11

Research And Development

115.04

119.20

134.63

155.42

Selling General And Administration

254.57

297.58

325.10

376.56

Total Expenses

649.84

727.49

828.68

928.11

Operating Income

-77.51

-127.02

-107.82

-106.95

Total Operating Income As Reported

-22.21

103.61

149.03

124.67

EBITDA

32.61

-99.21

-60.52

190.29

Normalized EBITDA

-1.36

-116.57

-48.54

190.29

EBIT

11.75

-127.02

-107.82

124.67

Interest Income

55.29

242.20

259.26

231.61

Interest Expense

10.13

9.08

Net Interest Income

45.16

242.20

259.26

222.54

Other Income Expense

11.82

33.96

17.36

-11.98

Interest Income Non Operating

55.29

242.20

259.26

231.61

Interest Expense Non Operating

10.13

9.08

Net Non Operating Interest Income Expense

45.16

242.20

259.26

222.54

Pretax Income

1.62

132.54

139.47

115.59

Tax Provision

13.59

39.20

18.31

42.40

Tax Rate For Calcs

Tax Effect Of Unusual Items

7.13

5.13

-1.57

Net Income Continuous Operations

-11.97

93.33

121.16

73.19

Net Income From Continuing And Discontinued Operation

-11.97

93.33

121.16

73.19

Net Income From Continuing Operation Net Minority Interest

-11.97

93.33

121.16

73.19

Net Income

-11.97

93.33

121.16

73.19

Net Income Common Stockholders

-11.97

93.33

121.16

73.19

Net Income Including Noncontrolling Interests

-11.97

93.33

121.16

73.19

Normalized Income

-38.80

81.11

131.57

73.19

Diluted NI Availto Com Stockholders

-11.97

93.33

121.16

73.19

Basic Average Shares

202.88

348.04

361.68

358.35

Diluted Average Shares

202.88

348.04

392.67

386.24

Reconciled Depreciation

20.24

27.49

45.45

63.73

Reconciled Cost Of Revenue

101.48

110.78

122.29

153.96

Total Unusual Items

11.82

33.96

17.36

-11.98

Total Unusual Items Excluding Goodwill

11.82

33.96

17.36

-11.98

Preferred Stock Dividends

33.63

Earnings From Equity Interest Net Of Tax

-0.04

Gain On Sale Of Security

11.82

33.96

17.36

-11.98

Depreciation Amortization Depletion Income Statement

20.86

27.81

47.30

65.62

Depreciation And Amortization In Income Statement

20.86

27.81

47.30

65.62

General And Administrative Expense

90.01

100.93

113.26

141.40

Other Gand A

90.01

100.93

113.26

141.40

Total Other Finance Cost

6.85

10.13

-11.57

Other Operating Expenses

259.36

282.90

321.66

330.50

Selling And Marketing Expense

164.56

196.65

211.84

235.15

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Payoneer Global Inc.this co.

PAYO

$1.7B

23.46↑ premium

2.44

10.4%

7.22

Flywire Corporation

FLYW

$1.8B

133.32

2.15

1.6%

28.82

Alkami Technology, Inc.

ALKT

$1.7B

-36.34

4.78

-13.2%

-90.26

Wealthfront Corporation

WLTH

$1.7B

-40.87

2.80

-6.8%

-13.86

Arteris, Inc.

AIP

$1.7B

-49.42

Payoneer Global Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Payoneer Global Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on