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Payoneer Reports Third Quarter 2025 Financial Results

On November 5, 2025, Payoneer Global Inc. (NASDAQ: PAYO), a leading financial technology company, released its financial results for the third quarter ending September 30, 2025. The report highlighted a significant increase in quarterly revenue, underscoring the company's robust and adaptive business model in the evolving macroeconomic landscape.

Financial Highlights

The financial results for Q3 2025 were marked by a record revenue of $270.9 million, representing a 9% rise compared to the previous quarter and a 15% increase year-over-year, excluding interest income. Notably, the company experienced a significant uptick in transaction volumes and enhanced their revenue per transaction, particularly with Small and Medium-sized Businesses (SMBs).

• - Revenue (excluding interest income): $211.4 million, a 15% increase YoY
• - Net Income: $14.1 million, down 66% from $41.6 million in Q3 2024
• - Adjusted EBITDA: $71.3 million, reflecting a 3% growth

The dip in net income was attributed mainly to increased operating expenses and fluctuating market conditions; however, adjusted EBITDA showed resilience in the face of these challenges. This can be seen as a testament to Payoneer's operational efficiencies and strategies aimed at sustaining margins while growing revenue.

Business Highlights

During this quarter, Payoneer continued to build on its momentum, achieving notable milestones:

• - SMB Revenue Growth: Revenue from SMB customers reached $192 million, reflecting a 17% YoY increase. This growth was fueled by Payoneer's strategic initiatives to penetrate larger markets and broaden its service offerings.
• - Customer Fund Growth: The total customer funds managed on the Payoneer platform grew by 17% YoY, totaling $7.1 billion.
• - Increase in Usage: The amount spent on Payoneer cards hit $1.6 billion, up by 19% YoY, indicating increasing customer engagement with Payoneer's offerings.

CEO John Caplan commented on the financial results, stating, "Our record revenue quarter underscores the strength and resilience of our business model. We continue to focus on eliminating barriers for entrepreneurs by providing a secure and user-friendly financial platform designed for global commerce."

Payoneer's value in facilitating international transactions has never been more crucial, particularly as businesses adapt to changes in the economic landscape. The company has successfully expanded its service reach to millions of SMBs, especially those in emerging markets, enabling them to engage in global commerce with increased confidence and security.

Outlook for 2025

With these positive results in hand, Payoneer has raised its revenue guidance for 2025, projecting total revenue between $1,050 million and $1,070 million. They anticipate continued growth in adjusted EBITDA, reflecting their plans to optimize transactional costs without compromising service quality.

CFO Bea Ordonez remarked, "Our expectations for revenue growth are reinforced by ongoing improvements in how we manage our transactional frameworks. As we navigate through this dynamic environment, we will continue to invest in our future while delivering clear value to our shareholders."

Conclusion

The solid financial performance showcased by Payoneer during Q3 2025 highlights the company's capabilities in adapting to market conditions while driving significant business growth. As global commerce continues to evolve, Payoneer’s mission of empowering entrepreneurs through innovative financial solutions remains steadfast. Investors and customers alike can expect Payoneer to maintain its trajectory of growth and resilience as it capitalizes on the vast opportunities for expansion in an increasingly interconnected world.

For more detailed financial information, Payoneer will host a live webcast of its earnings call on November 5, 2025, accessible through the investor relations section of their website.