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Sep 30, 2025
Payoneer Q3 2025 Earnings Report
Payoneer reported record Q3 revenue and continued expanding its SMB franchise despite declining net income.
Key Takeaways
Payoneer delivered strong revenue growth driven by SMB customer expansion and higher card spend, although net income declined due to increased tax expenses and financial costs.
Revenue grew to $270,850,000, up 9% year-over-year.
SMB customer revenue reached $192,000,000, a 17% YoY increase.
Adjusted EBITDA rose slightly to $71,267,000.
Card spend hit a record $1.6 billion, growing 19% YoY.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Payoneer raised full-year guidance based on higher customer funds and stronger-than-expected interest income.
Positive Outlook
- Raised revenue guidance to $1.05B–$1.07B
- Raised Adjusted EBITDA guidance to $270M–$275M
- Interest income outlook increased
- Demonstrating leverage through cost management
- Continued expansion in high-value SMB segments
Challenges Ahead
- Net income declined 66% YoY
- Higher tax expense impacted profitability
- Active ICPs declined slightly
- Slight dip in total take rate
- Financial expense increased due to currency fluctuations and other factors
Historical Earnings Impact
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Avg. Return Before/After Earnings
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