| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 208.05 | 11.7% |
| Total Income | 208.05 | 11.7% |
| Expenditure | 178.03 | 13.4% |
| PBT | 29.21 | 5.2% |
| Net Profit | 19.57 | 4.9% |
| OPM | 14.43% | 1.31pp |
| NPM | 9.40% | 1.64pp |
| EPS | 0.06 | 0.0% |
Payoneer Reports Q1 2026: Revenue ex. Interest Up 11%, B2B Volume Up 44%
07 May 2026 · 7 May, 5:07 pm
Summary
Payoneer Global Inc. reported its financial results for the first quarter ended March 31, 2026. Revenue excluding interest income grew by 11% year-over-year, driven by a 16% increase in volume. B2B volume growth accelerated to 44% year-over-year. The company is increasing its full year 2026 guidance, expecting revenue ex. interest of $900-$940 million and adjusted EBITDA of $285-$295 million.
Key Highlights
- 1
Payoneer's revenue excluding interest income increased by 11% year-over-year in Q1 2026.
- 2
B2B volume growth accelerated significantly to 44% year-over-year, driven by strong growth in China, EMEA, and APAC.
- 3
SMB customer revenue grew by 12% year-over-year, reaching $189 million in Q1 2026.
- 4
The company saw a 17% growth in ARPU (Average Revenue Per User) during the first quarter.
- 5
Payoneer repurchased $74 million of shares in Q1 2026 at a weighted average price of $5.16.
- 6
Net income for Q1 2026 was $19.6 million, a decrease of 5% compared to Q1 2025.
- 7
The company is increasing its full year 2026 guidance, reflecting $900-$940 million in revenue ex. interest and $200 million in interest income.
Management Comments
John Caplan
In Q1 we delivered acceleration across major KPIs: revenue growth ex. interest accelerated to 11%, B2B volume growth more than doubled to 44%, and we delivered another quarter of significant core profitability expansion. We are driving broad-based momentum across our business, supported by differentiated assets that compound as we scale. We have infrastructure built on years of investment and innovation, network effects that strengthen as volumes grow, and platform depth that allows us to meet the needs of how our customers operate globally. We're a profitable, scaled platform in a multi-trillion-dollar B2B market that's still in the early innings of digitization, and our strong Q1 results demonstrate we're capturing share. We are executing consistently, moving fast where we see opportunities, and building a business that's not just larger, but structurally more valuable, with deeper strategic advantages and stronger customer relationships.
Bea Ordonez
We begin 2026 with strong momentum. Revenue ex. interest is accelerating, robust growth in our B2B franchise is driving SMB take rate expansion, execution against our upmarket strategy is gaining traction and contributed to a seventh consecutive quarter of 20%+ growth in ARPU ex. interest, and core business profitability increased substantially. We’re unlocking significant operating leverage while making meaningful investments, including in stablecoin and agentic AI, that we believe will support our durable, profitable growth. We are increasing our full year 2026 guidance, reflecting $900-$940 million in revenue ex. interest and $200 million in interest income. We expect adjusted EBITDA1 of $285-$295 million. Our business fundamentals are strong, our strategic initiatives are working, and we're well-positioned to capitalize on the significant opportunity ahead of us.
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