Payoneer Global Inc. (PAYO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAYO SEC filings page.
Payoneer Global Inc. (PAYO) reported $1.1B in revenue over the twelve months to Jun 30, 2026, up 6.3% from the prior twelve months. This page shows its 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).
Payoneer turns accounting earnings into cash, while near-1.0x liquidity and a much thinner equity cushion make financing structure important.
From FY2023 to FY2025, free cash flow remained above net income while the current ratio stayed near 1.0x; the combination suggests cash generation is real, but much of the balance sheet is committed to short-term obligations. Meanwhile, reported debt-to-equity rose from 0.03x to 11.7x as equity declined, making balance-sheet sensitivity more pronounced even though operating earnings remained positive.
FY2025 operating cash flow of
Profitability improved sharply from FY2022 losses to FY2024, but FY2025 operating margin compressed from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Payoneer Global Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 60/100, 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 71/100.
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 4/100, reflecting increased financial risk.
Payoneer Global Inc.'s current ratio of 1.00 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Payoneer Global Inc. converts 19.6% of revenue into free cash flow ($206.6M). This strong cash generation earns a score of 84/100.
Payoneer Global Inc. earns a strong 10.4% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is down from 16.7% the prior year.
Payoneer Global Inc. scores 0.37, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Payoneer Global Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 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.
Payoneer Global Inc. earns $13.73 in operating income for every $1 of interest expense ($124.7M vs $9.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Payoneer Global Inc. generated $274.3M in revenue in Q2 2026. This represents an increase of 5.2% from the same quarter a year earlier. Against the prior quarter it is up 4.8%.
Payoneer Global Inc.'s EBITDA was $38.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.4% from the same quarter a year earlier. Against the prior quarter it is down 22.0%.
Payoneer Global Inc. reported -$2.4M in net income in Q2 2026. This represents a decrease of 112.5% from the same quarter a year earlier. Against the prior quarter it is down 112.4%.
Payoneer Global Inc. earned -$0.01 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 116.7%.
Cash & Balance Sheet
Payoneer Global Inc. generated $50.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 26.3% from the same quarter a year earlier. Against the prior quarter it is up 20.5%.
Payoneer Global Inc. held $346.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Payoneer Global Inc.'s operating margin was 6.2% in Q2 2026, reflecting core business profitability. This is down 5.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.
Payoneer Global Inc.'s net profit margin was -0.9% in Q2 2026, showing the share of revenue converted to profit. This is down 8.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.4 percentage points.
Payoneer Global Inc.'s ROE was -0.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Payoneer Global Inc. invested $47.0M in research and development in Q2 2026. This represents an increase of 25.6% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
Payoneer Global Inc. spent $17.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 44.8% from the same quarter a year earlier. Against the prior quarter it is down 76.4%.
Payoneer Global Inc. invested $11.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 325.4% from the same quarter a year earlier. Against the prior quarter it is up 8.1%.
PAYO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $274.3M+5.2% | $261.6M+6.1% | $274.7M+4.9% | $270.9M+9.1% | $260.6M+8.8% | $246.6M+8.1% | $261.7M+16.7% | $248.3M+19.3% |
| R&D Expenses | $47.0M+25.6% | $43.3M+16.2% | $40.9M+1.3% | $39.9M+15.2% | $37.4M+35.6% | $37.3M+16.3% | $40.4M+15.5% | $34.6M+28.4% |
| SG&A Expenses | $48.4M+30.8% | $36.0M+20.4% | $38.3M+15.4% | $36.1M+21.6% | $37.0M+41.8% | $29.9M+23.5% | $33.2M+22.5% | $29.7M+18.4% |
| Operating Income | $16.9M-43.7% | $30.0M+2.4% | $28.9M-0.9% | $36.3M+3.4% | $30.1M-35.1% | $29.3M-23.6% | $29.2M+13.5% | $35.2M+19.2% |
| EBITDA | $38.2M-16.4% | $48.9M+12.0% | $48.5M+13.1% | $52.5M+7.8% | $45.6M-20.0% | $43.7M-8.5% | $42.9M+24.4% | $48.7M+32.9% |
| Interest Expense | $10.6M+4579.3% | $812K-47.6% | $1.5M | $5.8M-55.4% | $227K | $1.6M | N/A | $13.1M+96.2% |
| Income Tax | $8.7M-15.7% | $9.6M+34.1% | $8.4M+5.4% | $16.4M+184.1% | $10.4M-34.6% | $7.2M-48.3% | $8.0M-43.8% | -$19.5M-294.6% |
| Net Income | -$2.4M-112.5% | $19.6M-4.9% | $19.0M+4.5% | $14.1M-66.0% | $19.5M-39.9% | $20.6M-29.0% | $18.2M-32.7% | $41.6M+224.2% |
| EPS (Basic) | -$0.01-120.0% | $0.060.0% | $0.050.0% | $0.04-66.7% | $0.05-44.4% | $0.06-25.0% | $0.05-37.5% | $0.12+200.0% |
| EPS (Diluted) | -$0.01 | $0.06+20.0% | $0.05+25.0% | $0.04-63.6% | $0.05-44.4% | $0.05-37.5% | $0.04-42.9% | $0.11+266.7% |
| Diluted Shares (Avg) | 337M | 350M-8.3% | N/A | 378M+0.9% | 381M+1.9% | 382M+0.9% | N/A | 374M-2.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
PAYO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.8B+8.1% | $8.6B+13.9% | $9.0B+12.9% | $8.2B+16.4% | $8.1B+17.2% | $7.6B+11.1% | $7.9B+8.9% | $7.1B+13.4% |
| Current Assets | $8.0B+10.4% | $7.7B+15.1% | $8.1B+14.2% | $7.4B+18.4% | $7.2B+7.1% | $6.7B+1.5% | $7.1B-0.1% | $6.2B+3.1% |
| Cash & Equivalents | $346.3M-30.3% | $339.4M-35.3% | $415.5M-16.5% | $479.4M-10.2% | $497.1M-13.6% | $524.1M-10.7% | $497.5M-19.4% | $534.2M-9.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $13.3M-4.6% | $12.6M+34.7% | $10.4M-12.8% | $14.4M+6.1% | $13.9M+111.7% | $9.4M+29.9% | $11.9M+49.6% | $13.5M+126.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $86.1M+10.7% | $86.2M+10.8% | $77.8M0.0% | $77.8M+2.2% | $77.8M+291.1% | $77.8M+291.1% | $77.8M+291.1% | $76.1M+282.6% |
| Total Liabilities | $8.1B+10.5% | $7.9B+16.8% | $8.3B+14.5% | $7.5B+17.9% | $7.3B+17.4% | $6.8B+10.8% | $7.2B+8.9% | $6.3B+13.3% |
| Current Liabilities | $7.9B+10.1% | $7.8B+15.3% | $8.1B+13.4% | $7.3B+16.7% | $7.2B+16.4% | $6.7B+11.1% | $7.1B+9.0% | $6.3B+13.6% |
| Non-Current Liabilities | $174.0M+32.4% | $177.1M+158.7% | $168.4M+126.1% | $146.7M+141.5% | $131.4M+120.9% | $68.4M-7.3% | $74.5M-3.1% | $60.7M-12.0% |
| Total Equity | $653.5M-15.2% | $659.1M-12.2% | $704.4M-2.8% | $750.5M+3.1% | $770.9M+15.2% | $750.7M+13.5% | $724.8M+9.1% | $727.9M+14.1% |
| Retained Earnings | $196.3M+34.4% | $198.7M+57.0% | $179.2M+69.1% | $160.1M+82.4% | $146.0M+216.0% | $126.5M+818.4% | $106.0M+797.3% | $87.8M+307.9% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
PAYO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.2M-13.4% | $51.8M-3.5% | $54.9M+19.7% | $54.2M+8.1% | $70.7M+70.7% | $53.7M+36.0% | $45.9M-21.1% | $50.1M+21.0% |
| Depreciation & Amortization | $21.2M+36.5% | $18.9M+31.5% | $19.5M+43.0% | $16.1M+19.5% | $15.6M+45.2% | $14.4M+53.0% | $13.7M+56.2% | $13.5M+89.9% |
| Stock-Based Compensation | $19.5M-2.9% | $18.5M-1.2% | N/A | $17.8M+2.1% | $20.1M+46.8% | $18.8M+24.4% | N/A | $17.4M+13.7% |
| Capital Expenditures | $11.0M+325.4% | $10.1M+114.7% | $14.6M+290.1% | $5.0M+202.4% | $2.6M+117.4% | $4.7M+192.5% | $3.7M-9.3% | $1.6M-13.9% |
| Free Cash Flow | $50.2M-26.3% | $41.7M-14.9% | $40.3M-4.3% | $49.2M+1.5% | $68.1M+69.3% | $49.0M+29.3% | $42.1M-22.0% | $48.5M+22.7% |
| Investing Cash Flow | $111.3M+230.1% | -$60.9M-26.9% | -$49.0M+66.7% | -$35.9M+95.8% | -$85.5M+90.0% | -$48.0M+58.0% | -$147.2M-4304.6% | -$848.8M-5506.8% |
| Financing Cash Flow | $130.0M-67.9% | -$385.7M+4.2% | $701.0M-18.9% | $34.8M+431.5% | $404.7M+421.2% | -$402.4M+22.8% | $864.7M-13.9% | $6.5M+103.7% |
| Share Buybacks | $17.7M-44.8% | $75.0M+322.4% | $78.6M+360.7% | $45.3M+107.6% | $32.0M-32.9% | $17.8M-65.2% | $17.1M-18.9% | $21.8M+26.2% |
Not reported in any period shown, so not listed: Dividends Paid.
PAYO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.2%-5.4pp | 11.5%-0.4pp | 10.5%-0.6pp | 13.4%-0.7pp | 11.5%-7.8pp | 11.9%-4.9pp | 11.2%-0.3pp | 14.2%0.0pp |
| Net Margin | -0.9%-8.4pp | 7.5%-0.9pp | 6.9%0.0pp | 5.2%-11.5pp | 7.5%-6.1pp | 8.3%-4.4pp | 7.0%-5.1pp | 16.8%+10.6pp |
| Return on Equity | -0.4%-2.9pp | 3.0%+0.2pp | 2.7%+0.2pp | 1.9%-3.8pp | 2.5%-2.3pp | 2.7%-1.6pp | 2.5%-1.6pp | 5.7%+3.7pp |
| Return on Assets | 0.0%-0.3pp | 0.2%0.0pp | 0.2%0.0pp | 0.2%-0.4pp | 0.2%-0.2pp | 0.3%-0.2pp | 0.2%-0.1pp | 0.6%+0.4pp |
| Current Ratio | 1.000.0x | 1.000.0x | 1.000.0x | 1.010.0x | 1.00-0.1x | 1.00-0.1x | 1.00-0.1x | 1.00-0.1x |
| Debt-to-Equity | 12.41+2.9x | 12.05+3.0x | 11.71+1.8x | 9.93+1.2x | 9.52+0.2x | 9.06+9.0x | 9.94+9.9x | 8.69+8.7x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x |
| FCF Margin | 18.3%-7.8pp | 15.9%-3.9pp | 14.7%-1.4pp | 18.2%-1.4pp | 26.1%+9.3pp | 19.9%+3.3pp | 16.1%-8.0pp | 19.5%+0.6pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Payoneer Global Inc. PAYO | FY2025 | $1.1B | $73.2M | 7.0% | $2.4B | 51/100 |
| EVERTEC, INC. EVTC | FY2025 | $931.8M | $145.0M | 15.6% | $1.8B | 65/100 |
| Appian Corporation APPN | FY2025 | $726.9M | $1.2M | 0.2% | $2.9B | 31/100 |
| NextNav Inc. NN | FY2025 | $4.6M | -$189.3M | N/A | $2.1B | 49/100 |
| C3.ai, Inc. AI | FY2026 | $250.3M | -$470.4M | N/A | $1.9B | 42/100 |
Where Payoneer Global Inc. Ranks
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 P/E ratio?
Payoneer Global Inc. (PAYO) trades at 48.2x earnings, its market capitalization divided by net income of $50.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Payoneer Global Inc.'s price-to-sales ratio?
Payoneer Global Inc. (PAYO) trades at 2.2x sales, its market capitalization divided by revenue of $1.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Payoneer Global Inc.'s Altman Z-Score?
Payoneer Global Inc. (PAYO) has an Altman Z-Score of 0.37, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.
Can Payoneer Global Inc. cover its interest payments?
Payoneer Global Inc. (PAYO) has an interest coverage ratio of 13.73x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Payoneer Global Inc.?
Payoneer Global Inc. (PAYO) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.