Payoneer Global Inc. Financials
This page shows Payoneer Global Inc. (PAYO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Payoneer Global Inc. has an operating margin of 11.8%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is down from 15.2% the prior year.
Payoneer Global Inc.'s revenue grew 7.7% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 46/100.
Payoneer Global Inc. has elevated debt relative to equity (D/E of 11.71), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Payoneer Global Inc.'s current ratio of 1.00 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.
Payoneer Global Inc. converts 19.6% of revenue into free cash flow ($206.6M). This strong cash generation earns a score of 74/100.
Payoneer Global Inc.'s ROE of 10.4% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 16.7% the prior year.
Payoneer Global Inc. scores 0.32, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Payoneer Global Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Payoneer Global Inc. generates $3.19 in operating cash flow ($233.5M OCF vs $73.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Payoneer Global Inc. generated $1.1B in revenue in fiscal year 2025. This represents an increase of 7.7% from the prior year.
Payoneer Global Inc.'s EBITDA was $190.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.1% from the prior year.
Payoneer Global Inc. reported $73.2M in net income in fiscal year 2025. This represents a decrease of 39.6% from the prior year.
Payoneer Global Inc. earned $0.19 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 38.7% from the prior year.
Cash & Balance Sheet
Payoneer Global Inc. generated $206.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 22.4% from the prior year.
Payoneer Global Inc. held $415.5M in cash against $0 in long-term debt as of fiscal year 2025.
Payoneer Global Inc. had 349M shares outstanding in fiscal year 2025. This represents a decrease of 3.2% from the prior year.
Margins & Returns
Payoneer Global Inc.'s operating margin was 11.8% in fiscal year 2025, reflecting core business profitability. This is down 3.4 percentage points from the prior year.
Payoneer Global Inc.'s net profit margin was 7.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.4 percentage points from the prior year.
Payoneer Global Inc.'s ROE was 10.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.3 percentage points from the prior year.
Capital Allocation
Payoneer Global Inc. invested $155.4M in research and development in fiscal year 2025. This represents an increase of 15.4% from the prior year.
Payoneer Global Inc. spent $173.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 26.2% from the prior year.
Payoneer Global Inc. invested $26.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 228.2% from the prior year.
PAYO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $274.7M+1.4% | $270.9M+3.9% | $260.6M+5.7% | $246.6M-5.8% | $261.7M+5.4% | $248.3M+3.7% | $239.5M+5.0% | $228.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $40.9M+2.6% | $39.9M+6.6% | $37.4M+0.3% | $37.3M-7.7% | $40.4M+16.7% | $34.6M+25.5% | $27.6M-13.9% | $32.1M |
| SG&A Expenses | $38.3M+6.1% | $36.1M-2.4% | $37.0M+23.8% | $29.9M-10.0% | $33.2M+11.8% | $29.7M+13.9% | $26.1M+7.8% | $24.2M |
| Operating Income | $28.9M-20.4% | $36.3M+20.8% | $30.1M+2.6% | $29.3M+0.5% | $29.2M-17.0% | $35.2M-24.1% | $46.3M+20.7% | $38.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $8.4M-48.5% | $16.4M+58.0% | $10.4M+44.2% | $7.2M-10.3% | $8.0M+141.1% | -$19.5M-222.8% | $15.9M+14.1% | $13.9M |
| Net Income | $19.0M+34.6% | $14.1M-27.5% | $19.5M-5.3% | $20.6M+13.1% | $18.2M-56.2% | $41.6M+28.2% | $32.4M+11.9% | $29.0M |
| EPS (Diluted) | N/A | $0.04-20.0% | $0.050.0% | $0.05 | N/A | $0.11+22.2% | $0.09+12.5% | $0.08 |
PAYO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.0B+9.2% | $8.2B+1.2% | $8.1B+7.4% | $7.6B-4.8% | $7.9B+12.5% | $7.1B+1.9% | $6.9B+1.8% | $6.8B |
| Current Assets | $8.1B+9.6% | $7.4B+2.6% | $7.2B+7.4% | $6.7B-5.4% | $7.1B+13.6% | $6.2B-7.2% | $6.7B+1.8% | $6.6B |
| Cash & Equivalents | $415.5M-13.3% | $479.4M-3.6% | $497.1M-5.2% | $524.1M+5.4% | $497.5M-6.9% | $534.2M-7.2% | $575.7M-1.9% | $587.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $10.4M-27.4% | $14.4M+3.2% | $13.9M+48.2% | $9.4M-21.4% | $11.9M-11.8% | $13.5M+106.0% | $6.6M-9.1% | $7.2M |
| Goodwill | $77.8M0.0% | $77.8M0.0% | $77.8M0.0% | $77.8M0.0% | $77.8M+2.2% | $76.1M+282.6% | $19.9M0.0% | $19.9M |
| Total Liabilities | $8.3B+10.7% | $7.5B+1.6% | $7.3B+7.9% | $6.8B-5.6% | $7.2B+14.0% | $6.3B+1.2% | $6.3B+1.9% | $6.1B |
| Current Liabilities | $8.1B+10.6% | $7.3B+1.4% | $7.2B+7.1% | $6.7B-5.6% | $7.1B+13.9% | $6.3B+1.1% | $6.2B+2.2% | $6.1B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $14.4M |
| Total Equity | $704.4M-6.1% | $750.5M-2.6% | $770.9M+2.7% | $750.7M+3.6% | $724.8M-0.4% | $727.9M+8.7% | $669.4M+1.2% | $661.5M |
| Retained Earnings | $179.2M+11.9% | $160.1M+9.7% | $146.0M+15.4% | $126.5M+19.4% | $106.0M+20.7% | $87.8M+90.0% | $46.2M+235.3% | $13.8M |
PAYO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $54.9M+1.4% | $54.2M-23.4% | $70.7M+31.6% | $53.7M+17.1% | $45.9M-8.5% | $50.1M+21.1% | $41.4M+4.8% | $39.5M |
| Capital Expenditures | $14.6M+192.9% | $5.0M+93.2% | $2.6M-45.5% | $4.7M+26.4% | $3.7M+127.1% | $1.6M+38.9% | $1.2M-26.6% | $1.6M |
| Free Cash Flow | $40.3M-18.0% | $49.2M-27.8% | $68.1M+39.0% | $49.0M+16.2% | $42.1M-13.1% | $48.5M+20.5% | $40.2M+6.1% | $37.9M |
| Investing Cash Flow | -$49.0M-36.5% | -$35.9M+58.1% | -$85.5M-78.2% | -$48.0M+67.4% | -$147.2M+82.7% | -$848.8M+0.3% | -$851.2M-645.7% | -$114.1M |
| Financing Cash Flow | $701.0M+1915.6% | $34.8M-91.4% | $404.7M+200.6% | -$402.4M-146.5% | $864.7M+13115.7% | $6.5M-91.6% | $77.6M+114.9% | -$521.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $78.6M+73.6% | $45.3M+41.5% | $32.0M+80.3% | $17.8M+4.1% | $17.1M-21.8% | $21.8M-54.3% | $47.7M-6.4% | $51.0M |
PAYO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 10.5%-2.9pp | 13.4%+1.9pp | 11.5%-0.4pp | 11.9%+0.7pp | 11.2%-3.0pp | 14.2%-5.2pp | 19.3%+2.5pp | 16.8% |
| Net Margin | 6.9%+1.7pp | 5.2%-2.3pp | 7.5%-0.9pp | 8.3%+1.4pp | 7.0%-9.8pp | 16.8%+3.2pp | 13.5%+0.8pp | 12.7% |
| Return on Equity | 2.7%+0.8pp | 1.9%-0.6pp | 2.5%-0.2pp | 2.7%+0.2pp | 2.5%-3.2pp | 5.7%+0.9pp | 4.8%+0.5pp | 4.4% |
| Return on Assets | 0.2%+0.0pp | 0.2%-0.1pp | 0.2%-0.0pp | 0.3%+0.0pp | 0.2%-0.4pp | 0.6%+0.1pp | 0.5%+0.0pp | 0.4% |
| Current Ratio | 1.000.0 | 1.01+0.0 | 1.000.0 | 1.000.0 | 1.000.0 | 1.00-0.1 | 1.090.0 | 1.09 |
| Debt-to-Equity | 11.71+1.8 | 9.93+0.4 | 9.52+0.5 | 9.06-0.9 | 9.94+1.3 | 8.69-0.7 | 9.34+9.3 | 0.02 |
| FCF Margin | 14.7%-3.5pp | 18.2%-8.0pp | 26.1%+6.3pp | 19.9%+3.8pp | 16.1%-3.4pp | 19.5%+2.7pp | 16.8%+0.2pp | 16.6% |
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Frequently Asked Questions
What is Payoneer Global Inc.'s annual revenue?
Payoneer Global Inc. (PAYO) reported $1.1B in total revenue for fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Payoneer Global Inc.'s revenue growing?
Payoneer Global Inc. (PAYO) revenue grew by 7.7% year-over-year, from $977.7M to $1.1B in fiscal year 2025.
Is Payoneer Global Inc. profitable?
Yes, Payoneer Global Inc. (PAYO) reported a net income of $73.2M in fiscal year 2025, with a net profit margin of 7.0%.
What is Payoneer Global Inc.'s EBITDA?
Payoneer Global Inc. (PAYO) had EBITDA of $190.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Payoneer Global Inc.'s operating margin?
Payoneer Global Inc. (PAYO) had an operating margin of 11.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Payoneer Global Inc.'s net profit margin?
Payoneer Global Inc. (PAYO) had a net profit margin of 7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Payoneer Global Inc.'s return on equity (ROE)?
Payoneer Global Inc. (PAYO) has a return on equity of 10.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Payoneer Global Inc.'s free cash flow?
Payoneer Global Inc. (PAYO) generated $206.6M in free cash flow during fiscal year 2025. This represents a 22.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Payoneer Global Inc.'s operating cash flow?
Payoneer Global Inc. (PAYO) generated $233.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Payoneer Global Inc.'s total assets?
Payoneer Global Inc. (PAYO) had $9.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Payoneer Global Inc.'s capital expenditures?
Payoneer Global Inc. (PAYO) invested $26.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Payoneer Global Inc. spend on research and development?
Payoneer Global Inc. (PAYO) invested $155.4M in research and development during fiscal year 2025.
What is Payoneer Global Inc.'s current ratio?
Payoneer Global Inc. (PAYO) had a current ratio of 1.00 as of fiscal year 2025, which is considered adequate.
What is Payoneer Global Inc.'s debt-to-equity ratio?
Payoneer Global Inc. (PAYO) had a debt-to-equity ratio of 11.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Payoneer Global Inc.'s return on assets (ROA)?
Payoneer Global Inc. (PAYO) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Payoneer Global Inc.'s Altman Z-Score?
Payoneer Global Inc. (PAYO) has an Altman Z-Score of 0.32, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Payoneer Global Inc.'s Piotroski F-Score?
Payoneer Global Inc. (PAYO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Payoneer Global Inc.'s earnings high quality?
Payoneer Global Inc. (PAYO) has an earnings quality ratio of 3.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Payoneer Global Inc.?
Payoneer Global Inc. (PAYO) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.