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Payoneer Global (PAYO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Payoneer Global (PAYO) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $277M · 5¢ of every $1 of revenue kept as net profit · operating margin 9.1%

Payoneer Global made $277M in Q3 2026 (+2% Y/Y). Operating margin 9.1%, net earnings $14.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$277M
Year over year+2%
Operating margin9.1%
Net earnings$14.9M
Operating cash flow$67.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $276.9M in Q3 2026, up 2% year over year and up 1% from the previous quarter.

Operating profit was $25.1M, a 9.1% margin (down 4.4 points year over year). Operating profit fell $11.3M even though revenue rose $6.1M versus Q3 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 2%. The fastest-growing cost line was Research & development (+25%). Net earnings were $14.9M, up 6% year over year. The effective tax rate was 52.3%.

Operating cash flow was $67.3M (up 42% year over year), 451% of net earnings. Non-cash charges added back $21.4M of depreciation and amortization and $18.7M of share-based compensation. Working capital and other items added $12.3M. Capital expenditures of $4.4M left free cash flow of $62.9M.

Quarterly history

Payoneer Global revenue by quarterPayoneer Global revenue by quarter$247MQ1 2025$261MQ2 2025$271MQ3 2025$275MQ4 2025$262MQ1 2026$274MQ2 2026$277MQ3 2026
Payoneer Global net earnings by quarterPayoneer Global net earnings by quarter$20.6MQ1 2025$19.5MQ2 2025$14.1MQ3 2025$19.0MQ4 2025$19.6MQ1 2026−$2.4MQ2 2026$14.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$277M+2%9.1%$14.9M$67.3M
Q2 202610-QAug 6, 2026$274M+5%6.2%−$2.4M$61.2M
Q1 202610-QMay 7, 2026$262M+6%11.5%$19.6M$51.8M
Q4 202510-KFeb 26, 2026$275M+5%10.5%$19.0M$54.9M
Q3 202510-QNov 5, 2025$271M+9%13.4%$14.1M$54.2M
Q2 202510-QAug 6, 2025$261M+9%11.5%$19.5M$70.7M
Q1 202510-QMay 7, 2025$247M+8%11.9%$20.6M$53.7M

Charts

Payoneer Global: revenue growth, year over year and quarter over quarterPayoneer Global: revenue growth, year over year and quarter over quarterY/YQ/Q+8%Q1 2025+9%+6%Q2 2025+9%+4%Q3 2025+5%+1%Q4 2025+6%-5%Q1 2026+5%+5%Q2 2026+2%+1%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q +1%.
Payoneer Global: where the cash came from (+) and went (−), TTM to Q3 2026Payoneer Global: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)−$434MOther financing$397MOperating cash flow$242MBuybacks−$171MCapital spending−$40.1MOther investing$13.8MAcquisitions−$6.5MExchange rates−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Payoneer Global: profit against cash, quarter by quarterPayoneer Global: profit against cash, quarter by quarterNet incomeOperating cash flow$18.2M$45.9MQ4 2024$20.6M$53.7MQ1 2025$19.5M$70.7MQ2 2025$14.1M$47.5MQ3 2025$19.0M$61.6MQ4 2025$19.6M$51.8MQ1 2026−$2.4M$61.2MQ2 2026$14.9M$67.3MQ3 2026
Latest (Q3 2026): Net income $14.9M, Operating cash flow $67.3M.
Payoneer Global: diluted shares by fiscal year (split-adjusted)Payoneer Global: diluted shares by fiscal year (split-adjusted)188MFY2020203MFY2021348MFY2022393MFY2023386MFY2024377MFY2025
+100.4% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 4-for-1 split before FY2021.
Payoneer Global in its industry: growth against margin (87 companies, SIC 7389)Payoneer Global in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPRTHCTEVXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDPAYO (+2%, 9%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Payoneer Global

Unless the context otherwise requires, the “Company”, “Payoneer”, “we,” “our,” “us” and similar terms refer to Payoneer Global Inc. Payoneer is a financial technology company purpose-built to enable the world’s small and medium-sized businesses (“SMB(s)”) to grow and operate their businesses around the world by reliably and securely connecting them to the global digital economy. Payoneer was founded in 2005 and in the 20+ years since the Company’s founding, we have built a global financial stack that makes it easier for millions of SMBs and entrepreneurs, particularly in emerging markets, to access global demand and supply, pay and get paid, and manage their cross border and other financial operations needs from a single platform. Payoneer’s core value proposition is that we remove the complexity and barriers of doing business across borders for our customers.

In its own words, from its 10-K, filed Feb 26, 2026.

Payoneer Global against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +10%. Operating margin: 9.1% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
PAYO Payoneer GlobalQ3 2026$277M+2%9.1%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: Payoneer Global 10-Q on SEC EDGAR · CIK 1845815 · Services-Business Services, NEC

Guidance and outlook

Payoneer Global: what its forward-looking statements are about (10-Q filed 2026-11-05)Payoneer Global: what its forward-looking statements are about (10-Q filed 2026-11-05)Deals2Other2Demand1Costs1
6 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
Payoneer Global: outlook statements against the filing beforePayoneer Global: outlook statements against the filing beforeConfident1Cautious1

13F: who owns PAYO and who is buying

Largest holders of PAYO (13F)Largest holders of PAYO (13F)BlackRock$278MTechnology Crossover Management V…$243MVanguard Group$181MSusquehanna Capital Management, L…$146MVanguard Portfolio Management LLC$105MBNP Paribas Asset Management Hold…$97.7MVanguard Capital Management LLC$86.5MAXA Investment Managers S.A.$83.9MState Street$77.2MPentwater Capital Management LP$70.4M
Funds' net buying of PAYO by quarter (13F)Funds' net buying of PAYO by quarter (13F)−$66.7M2024-09$44.0M2024-12$26.1M2025-03$33.9M2025-06−$113M2025-09$12.0M2025-12−$115M2026-03$94.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PAYO

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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